South Korea Chilled Uncooked Fish and Shellfish Market (2024-2030) | Value, Share, Trends, Size, Revenue, Growth, Outlook, Analysis, Companies, Industry & Forecast

South Korea Chilled Uncooked Fish and Shellfish market Highlights

Report Name	South Korea Chilled Uncooked Fish and Shellfish market
Forecast Period	2024-2030
Market Size	USD 4.8 Billion By 2030
CAGR	7.5%
Growing Sector	Food & Beverages

Topics Covered in the South Korea Chilled Uncooked Fish and Shellfish Market Report

The South Korea Chilled Uncooked Fish and Shellfish market report thoroughly covers the market by product type, by end user and by distribution channel. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Korea Chilled Uncooked Fish and Shellfish Market Size & Analysis

In 2024, the South Korea Chilled Uncooked Fish and Shellfish market is valued at approximately $ 2.5 billion, with a projected compound annual growth rate (CAGR) of 7.5% over the next five years. Additionally, by 2030, the market is expected to reach around $ 4.8 billion. The food and beverage sector holds significant position in the overall market.

South Korea Chilled Uncooked Fish and Shellfish Market Synopsis

The South Korea chilled uncooked fish and shellfish market is a significant segment of the broader seafood industry, with strong consumer demand driven by the nation's seafood-centric cuisine. The market benefits from a rich tradition of seafood consumption, bolstered by growing awareness of the health benefits of fish and shellfish. This is complemented by government investments in sustainable aquaculture and efforts to modernize fishing practices. South Korea's robust export market, coupled with domestic preferences for fresh, high-quality seafood, supports market growth.

According to 6Wresearch, South Korea Chilled Uncooked Fish and Shellfish market size is projected to grow at a CAGR of 7.5% during 2024-2030. The growth of the South Korea chilled uncooked fish and shellfish market is driven by several key factors, including a strong cultural preference for seafood, which ensures consistent consumer demand. This is complemented by growing health awareness, with consumers increasingly seeking high-protein, omega-3-rich seafood. Government policies promoting sustainability, along with investments in modernizing aquaculture and regulating fisheries, support long-term market stability​. Additionally, technological advancements in cold chain logistics have enhanced the distribution and shelf-life of chilled seafood, making it more accessible. However, the South Korea Chilled Uncooked Fish and Shellfish industry faces challenges such as fluctuating marine resources, overfishing concerns, and environmental factors impacting fish stocks. Additionally, the reliance on international trade introduces vulnerability to global supply chain disruptions and regulatory shifts, especially as demand for sustainable seafood increases​.

South Korea Chilled Uncooked Fish and Shellfish Market Trends

• Sustainability Focus - Increased demand for sustainably sourced seafood, driven by consumer awareness of environmental impacts and government regulations encouraging eco-friendly practices​
• Health Consciousness - Growing consumer preference for seafood due to its nutritional benefits, such as high omega-3 content, which aligns with health-conscious dietary trends​
• Advancements in Cold Chain Technology - Innovations in cold storage and transportation have improved product freshness, extended shelf life, and reduced wastage, thus enabling better distribution and access to chilled seafood​
• Growth of the Food Service Sector - A rise in the number of seafood-focused restaurants and foodservice providers, which further boosts the demand for fresh and chilled seafood​
• Rising Export Demand - South Korea's seafood exports, particularly to neighboring countries and beyond, are expanding, driven by the global trend toward premium, high-quality seafood​

Investment Opportunities in the South Korea Chilled Uncooked Fish and Shellfish Market

• Sustainable Aquaculture - Investing in innovative, eco-friendly aquaculture technologies to meet rising demand for sustainably sourced seafood, as the government and consumers increasingly prioritize sustainability​
• Cold Chain Infrastructure - There is significant potential in developing or improving cold chain logistics solutions to enhance the freshness, distribution, and shelf life of chilled seafood products​
• Technology and Automation in Processing - Opportunities exist in automating seafood processing and packaging, improving efficiency and reducing labor costs​
• Expanding Export Channels - Capitalizing on the growing global demand for premium South Korean seafood, particularly in regions like Japan, the U.S., and China​.

Key Players in the South Korea Chilled Uncooked Fish and Shellfish Market

Key companies in the South Korea chilled uncooked fish and shellfish market include Dongwon Industries, a leading seafood producer with a strong presence in both domestic and international markets, known for its sustainability efforts and innovative seafood products​. Hansung Enterprise is another prominent player, specializing in fresh and chilled seafood products that cater to both retail and food service sectors​. Additionally, Lotte Foods, a major food and beverage company, has a significant seafood division that includes chilled products, contributing to the growing demand for high-quality seafood in South Korea​. Additionally, some of these players hold majority of the South Korea Chilled Uncooked Fish and Shellfish market share. Moreover, other key players include Mokpo Fisheries, which is known for its wide range of seafood offerings, and the Korea Fisheries Trade Association, a key organization that supports the industry and facilitates trade​.

Government Regulations in the South Korea Chilled Uncooked Fish and Shellfish Market

The South Korea government plays a crucial role in regulating the seafood industry, including the chilled uncooked fish and shellfish market, through a combination of sustainability policies and safety regulations. Key regulations include fishing quotas, sustainable aquaculture practices, and the enforcement of ethical fishing methods to protect marine resources and reduce overfishing​. The government also supports research and development to improve aquaculture techniques, ensuring that seafood farming is both efficient and environmentally responsible​. Further, these initiatives have further boosted the South Korea Chilled Uncooked Fish and Shellfish market revenues. Moreover, strict safety standards are enforced to ensure product quality and consumer health, including regular inspections, certifications, and traceability measures, all aimed at maintaining high-quality standards for both domestic consumption and exports​. These regulations not only help preserve marine ecosystems but also promote consumer confidence and support the market's long-term sustainability.

Future Insights of the South Korea Chilled Uncooked Fish and Shellfish Market

The future of the South Korea chilled uncooked fish and shellfish market looks promising, with continued growth driven by rising consumer demand for fresh, sustainable seafood and advancements in aquaculture. As the global trend towards sustainable and traceable seafood consumption intensifies, South Korea is well-positioned to lead with its focus on eco-friendly practices and high-quality production. Innovations in cold chain logistics are expected to further enhance product distribution, making chilled seafood more accessible both domestically and internationally​. Additionally, the increasing popularity of seafood in food service sectors and expanding export opportunities, particularly to countries with high seafood consumption, will continue to fuel market expansion​. However, ongoing challenges such as environmental sustainability, fishing regulations, and supply chain risks must be navigated to ensure long-term growth​.

Fish Category to Dominate the Market - By Product Type

According to Ravi Bhandari, Research Head, 6Wresearch, the fish category within the South Korean chilled uncooked fish and shellfish market is experiencing significant growth, driven by consumer preference for fresh, high-quality fish products, particularly varieties like salmon, tuna, and mackerel. This growth is fueled by an increasing awareness of the health benefits associated with fish consumption, including omega-3 fatty acids, which align with the growing health-conscious trend among consumers​. Additionally, the demand for fish is bolstered by its prominent role in Korean cuisine, where it is a key ingredient in various traditional dishes. The government's focus on sustainable fishing practices, alongside advancements in cold chain technology, ensures that fresh fish can be consistently delivered to meet this growing demand​.

Food Processing Industry to Dominate the Market – By End User

The food processing industry in the South Korea is experiencing robust growth, driven by increasing consumer demand for convenience, ready-to-eat, and premium food products, including chilled and processed seafood. As consumers seek more time-efficient solutions without compromising on quality or nutrition, the demand for processed food, especially in the seafood segment, continues to rise. Technological advancements in food preservation, such as improved cold chain systems, have further bolstered the sector's growth, enabling better distribution of fresh and processed products. The South Korean government's support for food safety regulations, as well as innovations in packaging and sustainable processing methods, ensures that the industry remains competitive on both domestic and global scales.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year - 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• South Korea Chilled Uncooked Fish and Shellfish Market Overview
• South Korea Chilled Uncooked Fish and Shellfish Market Outlook
• Market Size of South Korea Chilled Uncooked Fish and Shellfish Market, 2023
• Forecast of South Korea Chilled Uncooked Fish and Shellfish Market, 2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Revenues & Volume for the Period 2020-2030
• South Korea Chilled Uncooked Fish and Shellfish Market - Trend Evolution
• South Korea Chilled Uncooked Fish and Shellfish Market Drivers and Challenges
• South Korea Chilled Uncooked Fish and Shellfish Market - Price Trends
• South Korea Chilled Uncooked Fish and Shellfish Market - Porter's Five Forces
• South Korea Chilled Uncooked Fish and Shellfish Industry Life Cycle
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Product Type for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Fish for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Shellfish for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By End-User for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Food Processing Industry for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Food Service Provider for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Retail/ Household for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Animal Feed and Pet Food for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By B2B for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By B2C for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Hypermarket/Supermarket for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Fish Mongers for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Convenience Store for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Specialty Store for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Online Retailing for the Period 2020-2030
• Historical Data and Forecast of South Korea Chilled Uncooked Fish and Shellfish Market Revenues & Volume, By Others for the Period 2020-2030
• South Korea Chilled Uncooked Fish and Shellfish Import Export Trade Statistics
• Market Opportunity Assessment, By Product Type
• Market Opportunity Assessment, By End-user
• Market Opportunity Assessment, By Distribution Channel
• South Korea Chilled Uncooked Fish and Shellfish Market - Top Companies Market Share
• South Korea Chilled Uncooked Fish and Shellfish Market - Competitive Benchmarking, By Technical and Operational Parameters
• South Korea Chilled Uncooked Fish and Shellfish Market - Company Profiles
• South Korea Chilled Uncooked Fish and Shellfish Market - Key Strategic Recommendations

Markets Covered

The South Korea Chilled Uncooked Fish and Shellfish market report provides a detailed analysis of the following market segments -

By Product Type

• Fish
• Shellfish

By End User

• Food Processing Industry
• Food Service Provider
• Retail/ Household
• Animal Feed and Pet Food

By Distribution Channel

• B2B
• B2C
• Hypermarket/Supermarket
• Fish Mongers
• Convenience Store
• Specialty Store
• Online Retailing
• Others