Korea canned food market is estimated to be valued at US$576.365 million in 2018, and is projected to grow at a CAGR of 5.50% to reach a market size of US$794.808 million by 2024. Canned Foods are a type of food items which have been processed and sealed in an airtight container for preservation to extend the shelf life of the product. As canned foods of good quality are available the demand of canned foods is increasing which will bolster the market. Canned foods are preferred more due to that fact that they are easily available in the market and are an important part of the diet of many individuals which will also augment the market growth. Additionally, investments coupled with new product launches by some key players will also boost the market growth in the coming years.
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