Food & Personal Care market in South Korea
The South Korean Food & Personal Care eCommerce market is predicted to reach US$25,823.1 million by 2023 and accounts for 25.4% of the total eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 5.5%, resulting in a projected market volume of US$31,951.2 million by 2027. Within the Food & Personal Care market ecommerceDB considers the following two sub-markets: Food & Beverages and Personal Care.
Market development
eCommerce revenue development in the Edible Oils market in South Korea
The South Korean Edible Oils eCommerce market is predicted to reach US$33.6 million by 2023 and accounts for 58.3% of the Oils & Fats eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 9.8%, resulting in a projected market volume of US$48.9 million by 2027. The Edible Oils eCommerce market is a sub-market of the Oils & Fats market. Further categories within the Oils & Fats market are: Butter, Margarine, and Other Oils & Fats.
eCommerce revenue development in the Edible Oils market in South Korea
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 66.9 | 33.1 | 1.3 | 41.1 | 66.4 | 39.2 | 82.4 | 84.1 |
| AOV (in US$) | 96.9 | 7.4 | 29.4 | 3.7 | 80.8 | 40.2 | 7.0 | 38.9 |
| CVR (in %) | 66.9 | 33.1 | 1.3 | 41.1 | 66.4 | 39.2 | 82.4 | 84.1 |
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