By Lee Hyo-sik
Cafes selling coffee or fruit-based beverages have shown the steepest growth in recent years, riding high on Koreans' growing appetite for freshly brewed, premium coffee, according to a report, Friday.
In contrast, bars and other alcohol-serving establishments have seen their sales largely stagger over the past few years, hit hard by the prolonged consumption slump.
According to the report titled "2015 Food Industry Indexes," released by the Korea Agro-Fisheries and Food Trade Corp. (aT), the combined size of the food product manufacturing and services industries reached 157 trillion won ($137 billion) in 2013, up 2.9 percent from a year earlier.
From 2004 through 2013, the manufacturing sector grew an annual average of 6.7 percent, while sales of food services providers rose 5.9 percent annually.
Among various food services businesses, shops serving non-alcoholic beverages such as coffee, juice and tea, saw their sales jump 11.2 percent in 2013 from 2012, posting the highest growth.
"The number of coffeehouses, franchised or independent, has increased at an explosive pace as more and more Koreans drink freshly brewed coffee," an aT spokesman said. "While some say that the coffee industry has reached a saturation point, we think the sector will continue to head upward for the time being, catering to a growing number of coffee lovers."
In contrast, night clubs and other dance halls serving alcohol saw their sales decline 7.4 percent to 396 billion won in 2013, while that of bars serving beer, wine and other types of alcohol fell 0.2 percent to 7.2 trillion won.
Restaurants serving exotic foreign cuisine saw sales grow 8 percent to 387 billion won. Bakeries and fried chicken franchises earned 4.2 trillion won and 2.8 trillion won, respectively, up 6.8 percent and 6.3 percent from 2012.
CJ Cheiljedang, Korea's largest food product manufacturer in 2013, earned 4.33 trillion won, followed by Lotte Chilsung with 2.08 trillion won and Nongshim with 1.8 trillion won. Sixteen other food product makers posted sales of over 1 trillion won, according to the aT report.
Meanwhile, the global food industry, which reached $5.3 trillion in 2013, up 3.9 percent from 2012, is projected to exceed $6.3 trillion won in 2018.
The food industry in the Asia Pacific region reached $1.83 trillion, accounting for 34.3 percent of the total, exceeding Europe's 1.8 trillion for the first time.
Cafes selling coffee or fruit-based beverages have shown the steepest growth in recent years, riding high on Koreans' growing appetite for freshly brewed, premium coffee, according to a report, Friday.
In contrast, bars and other alcohol-serving establishments have seen their sales largely stagger over the past few years, hit hard by the prolonged consumption slump.
According to the report titled "2015 Food Industry Indexes," released by the Korea Agro-Fisheries and Food Trade Corp. (aT), the combined size of the food product manufacturing and services industries reached 157 trillion won ($137 billion) in 2013, up 2.9 percent from a year earlier.
From 2004 through 2013, the manufacturing sector grew an annual average of 6.7 percent, while sales of food services providers rose 5.9 percent annually.
Among various food services businesses, shops serving non-alcoholic beverages such as coffee, juice and tea, saw their sales jump 11.2 percent in 2013 from 2012, posting the highest growth.
"The number of coffeehouses, franchised or independent, has increased at an explosive pace as more and more Koreans drink freshly brewed coffee," an aT spokesman said. "While some say that the coffee industry has reached a saturation point, we think the sector will continue to head upward for the time being, catering to a growing number of coffee lovers."
In contrast, night clubs and other dance halls serving alcohol saw their sales decline 7.4 percent to 396 billion won in 2013, while that of bars serving beer, wine and other types of alcohol fell 0.2 percent to 7.2 trillion won.
Restaurants serving exotic foreign cuisine saw sales grow 8 percent to 387 billion won. Bakeries and fried chicken franchises earned 4.2 trillion won and 2.8 trillion won, respectively, up 6.8 percent and 6.3 percent from 2012.
CJ Cheiljedang, Korea's largest food product manufacturer in 2013, earned 4.33 trillion won, followed by Lotte Chilsung with 2.08 trillion won and Nongshim with 1.8 trillion won. Sixteen other food product makers posted sales of over 1 trillion won, according to the aT report.
Meanwhile, the global food industry, which reached $5.3 trillion in 2013, up 3.9 percent from 2012, is projected to exceed $6.3 trillion won in 2018.
The food industry in the Asia Pacific region reached $1.83 trillion, accounting for 34.3 percent of the total, exceeding Europe's 1.8 trillion for the first time.
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