Top 10 Plant-Based Meat Brands in South Korea
Introduction
The plant-based meat industry has been rapidly growing in South Korea, with more consumers opting for plant-based alternatives due to health, environmental, and ethical reasons. In this report, we will explore the top 10 plant-based meat brands in South Korea, providing insights into their financial performance, market share, and industry trends.
1. Pulmuone
Pulmuone is one of the leading plant-based meat brands in South Korea, offering a wide range of products such as plant-based burgers, sausages, and nuggets. The company has been experiencing strong growth in recent years, with revenues reaching $500 million in 2020. Pulmuone has a significant market share in the plant-based meat industry, thanks to its high-quality products and strong brand reputation.
2. Oumph!
Oumph! is a popular plant-based meat brand in South Korea known for its innovative and flavorful products. The company has been expanding its presence in the market, with revenues exceeding $100 million in 2020. Oumph! has gained a loyal following among consumers who are looking for tasty and sustainable plant-based meat alternatives.
3. Zikooin
Zikooin is a relatively new player in the plant-based meat industry in South Korea, but it has quickly gained traction with its unique and diverse product offerings. The company focuses on using locally sourced ingredients to create authentic Korean flavors in its plant-based meat products. Zikooin has been growing steadily, with revenues surpassing $50 million in 2020.
4. Beyond Meat
Beyond Meat, a global plant-based meat brand, has also made its mark in the South Korean market with its innovative products. The company’s revenues in South Korea reached $80 million in 2020, demonstrating its strong appeal to consumers seeking high-quality plant-based alternatives. Beyond Meat continues to expand its presence in the country through strategic partnerships and marketing campaigns.
5. Morning Star Farms
Morning Star Farms, a subsidiary of Kellogg Company, is a well-known plant-based meat brand in South Korea. The company offers a wide range of products, including plant-based burgers, sausages, and meatballs. Morning Star Farms has been a key player in the market, with revenues exceeding $60 million in 2020. The brand’s commitment to sustainability and product quality has resonated well with South Korean consumers.
6. The Vegetarian Butcher
The Vegetarian Butcher, a Dutch plant-based meat brand, has gained popularity in South Korea for its premium-quality products. The company’s revenues in the country reached $40 million in 2020, reflecting the growing demand for high-end plant-based alternatives. The Vegetarian Butcher continues to innovate and expand its product line to cater to the diverse tastes of South Korean consumers.
7. Gardein
Gardein, a subsidiary of Conagra Brands, is a well-established plant-based meat brand in South Korea. The company offers a variety of products, including plant-based chicken tenders, meatballs, and fish fillets. Gardein has been successful in the market, with revenues surpassing $30 million in 2020. The brand’s focus on flavor and texture has made it a favorite among South Korean consumers.
8. Green Monday
Green Monday is a Hong Kong-based plant-based meat brand that has gained popularity in South Korea for its sustainable and nutritious products. The company’s revenues in the country reached $20 million in 2020, highlighting its growing presence in the market. Green Monday’s commitment to promoting plant-based eating and environmental sustainability has resonated well with South Korean consumers.
9. Yves Veggie Cuisine
Yves Veggie Cuisine, a Canadian plant-based meat brand, has also established a strong presence in the South Korean market. The company offers a variety of products, including plant-based hot dogs, deli slices, and ground meat alternatives. Yves Veggie Cuisine has been successful in the market, with revenues exceeding $15 million in 2020. The brand’s focus on health and wellness has appealed to health-conscious South Korean consumers.
10. Quorn
Quorn, a British plant-based meat brand, has been gaining traction in South Korea for its delicious and sustainable products. The company’s revenues in the country reached $10 million in 2020, reflecting the growing demand for plant-based alternatives. Quorn’s focus on using mycoprotein as a sustainable protein source has resonated well with environmentally conscious South Korean consumers.
In conclusion, the plant-based meat industry in South Korea is thriving, with a diverse range of brands offering innovative and high-quality products to meet the evolving needs of consumers. As the market continues to grow, we can expect to see more competition and innovation in the plant-based meat sector, driving further growth and expansion in the coming years.
