South Korea Meat Substitutes Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 8.7% from 2024 to 2030.
The South Korea Meat Substitutes Market has seen a rapid evolution in recent years, driven by a combination of environmental concerns, health trends, and the growing demand for alternative proteins. The market for meat substitutes has experienced exponential growth as more consumers shift toward plant-based diets, influenced by both ethical and health motivations. As of 2024, South Korea stands as one of the key players in Asia in adopting meat substitutes, especially as a growing number of South Koreans express interest in reducing meat consumption and exploring plant-based options.
In the South Korean Meat Substitutes Market, the demand spans across various industries such as food service, retail, and the growing vegan and vegetarian segments. Some of the most popular substitutes include plant-based proteins like soy, tofu, tempeh, and seitan, along with newer innovations like pea protein, mycoprotein, and lab-grown meat. Industries, particularly in food manufacturing and quick-service restaurants, have embraced these products to cater to the evolving preferences of their customer base. The rapid adoption of these substitutes is also closely linked to increasing consumer awareness about sustainability and the environmental impacts of traditional animal farming.
Furthermore, meat substitutes are now a staple in many South Korean supermarkets and convenience stores, which have expanded their product ranges to include plant-based burgers, sausages, and even seafood alternatives. The rising demand in foodservice industries has prompted major chains and fast food brands to introduce plant-based options, attracting younger, environmentally-conscious consumers. In fact, data shows that South Korean sales of plant-based meat grew by 40% between 2020 and 2023, a trend expected to continue due to heightened consumer interest in reducing their carbon footprint.
With government initiatives promoting sustainable agriculture and the development of plant-based protein technologies, South Korea’s Meat Substitutes Market is poised for further expansion. As global concerns around climate change, animal welfare, and health trends continue to evolve, the market for meat substitutes in South Korea is likely to remain a growing and competitive space for both local and international producers.
Get an In-Depth Research Analysis of the South Korea Meat Substitutes Market Size And Forecast [2025-2032]
ADM
DuPont
The Nisshin OilliO Group
Sonic Biochem Limited
MGP Ingredients
Garden Protein International
Beyond Meat
Amys Kitchen
Quorn Foods
MorningStar Farms
Meatless
VBites
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Meat Substitutes Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Meat Substitutes Market
Tofu
Tempeh
Seitan
Legume-based products (e.g., lentils, chickpeas)
Mycoprotein (e.g., Quorn)
Plant-based meat analogues (burgers, sausage, etc.)
Textured Vegetable Protein (TVP)
Soy-based
Pea protein
Wheat-based
Rice protein
Quinoa
Other legumes
Vegetarians
Vegans
Flexitarians
Meat reducers
Health-conscious consumers
Frozen
Chilled
Dehydrated
Fresh
Canned
Online retail
Supermarkets and hypermarkets
Health food stores
Specialty vegan shops
Direct-to-consumer (DTC) sales
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Meat Substitutes Market Research Analysis
1. Introduction of the South Korea Meat Substitutes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Meat Substitutes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Meat Substitutes Market, By Type
6. South Korea Meat Substitutes Market, By Application
7. South Korea Meat Substitutes Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Meat Substitutes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/