News Letter

The domestic online food market is expected to exceed 50 trillion won in 2021.

 

According to the National Statistical Office and the food industry on the 12th, online food market transactions in the first half of this year amounted to 27.8 trillion won, up 45.4% from the same period last year. On a semi-annual basis, it is the largest in the second half of last year (24.1 trillion won). The transaction amount is the sum of the Internet and mobile shopping transactions of food and beverage, agricultural, livestock, and fisheries products, and food services (delivery services such as pizza and chicken).

 

Food and beverage transactions rose 33.8% from the first half of last year to 12 trillion won, agricultural, livestock and fisheries products rose 36.1% to 3.8 trillion won, and food services rose 63.4% to 11.9 trillion won, respectively.

 

Compared to the total amount of online shopping transactions in the first half of the year, which is up 23.6% from the same period last year, the growth rate of the online shopping transactions increased 23.6 percent from the same period last year.

 

Online food market transactions rose from 13.2 trillion won in 2017 to 43.3 trillion won last year, following 18.7 trillion won in 2018 and 26.9 trillion won in 2019.

 

 

Considering that the transaction amount in the first half of this year has already reached 27.8 trillion won, the total transaction amount is expected to easily exceed 50 trillion won this year.