Pro
Food & Beverage
Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 3.03201763811384 USD Million |
| 2019 | 3.11361595131204 USD Million |
| 2020 | 3.21684352628649 USD Million |
| 2021 | 3.39632445985729 USD Million |
| 2022 | 3.50271591912404 USD Million |
| 2023 | 3.75156266522552 USD Million |
| 2024 | 4.03809027747279 USD Million |
| 2025 | 4.33478347996258 USD Million |
| 2026 | 4.64005257672915 USD Million |
| 2027 | 4.95775585512016 USD Million |
| 2028 | 5.23882069547503 USD Million |
| 2029 | 5.69816812107401 USD Million |
| 2030 | 6.04667470544626 USD Million |
| 2031 | 6.4103037001932 USD Million |
| 2032 | 6.69519098941084 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The edible oil market in South Korea is expected to see buoyant growth over the next decade. Edible oil is one of the basic condiments used in the Korean diet. Growing demand from the health-conscious consumer for healthier and more natural products has been driving sales of edible oil in South Korea. Additionally, a number of dietary guidelines released in 2020 by the Korean government have put increased emphasis on consuming healthier food products such as edible oil. This favorable outlook for the South Korean edible oil market is supported by the healthy growth in the country’s population. Korea’s population is projected to increase by around 4.7 million individuals by 2032. This increased demand for food products, in turn, is expected to fuel the growth of the edible oil market. Apart from population, the ongoing demand for premium products in South Korea, such as olive oil, is expected to drive the market. An increase in the spending power of the consumer, coupled with growing awareness about the benefits of different types of edible oils, is expected to drive further growth in the edible oil market.
This has encouraged an influx of foreign edible oil brands such as Bertolli, and has helped to create an increased diversification of offerings for the consumer. In addition, the development of highly advanced food processing technology is expected to support the growth of the edible oil market. This is because edible oil can be used to apply diverse textures to a variety of food products. Consumers are increasingly seeking out a diverse range of textures and flavors that can only be achieved through the use of edible oil. Thus, manufacturers of edible oil in South Korea are able to capitalize on this trend to drive further market growth. Overall, driven by the growth in population, income levels, and the continual adoption of advanced food processing technology, the edible oil market in South Korea is projected to grow healthily over the forecast period of 2018-2032.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
Unlock the Full Data
Get This Chart
Access the complete chart and underlying data to support your research, analysis, and business decisions.
USD49
Buy Now
Powering the world's best teams.
From next-gen startups to established enterprises.
Contact us
Get in Touch
Let's work together
support@wantstats.comWantstats Research and Media Pvt. Ltd., Office No 104, Pentagon 4, Magarpatta City, Pune - 411028, Maharashtra, India.
See our work in action
Start your data driven journey with us!
What our clients say
Trusted by forward-thinking businesses
for data-driven intelligence
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.