Korea HMR Association needs to expand its role in response to growth and changes in the HMR market

Fishmeal

South Korea

Market & Price Trends

Innovation & Technology

Published Mar 29, 2024

Tridge summary

The Korea HMR Association recently convened an 'HMR Industry Outlook Meeting' to address the burgeoning home meal replacement market's current trends and future directions, both in Korea and globally. The meeting brought together stakeholders from the HMR Association, food and IT sectors, and academia to discuss the industry's evolution, underscored by the rise of online distribution, food delivery platforms, and product diversification. A significant focus was placed on the Japanese HMR market and strategies for international growth. Post-COVID-19, the association aims to reconnect with its Japanese counterparts and boost its role through international expos and promoting Korean HMR companies to Japanese buyers, highlighting a proactive approach towards industry expansion and collaboration.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

As the home meal replacement (HMR) market at home and abroad is rapidly changing and growing, an opportunity was prepared to explore the expansion of the role of the Korea HMR Association, which is leading the domestic HMR industry, and attracted attention. On the 22nd, the Korea HMR Association held an ‘HMR Industry Outlook Meeting’ in its conference room . At the meeting on this day, officials from the HMR Association, the food and information technology (IT) industries, and academia attended to share trends in the HMR-related industry and discuss ways to enhance the role of the association and develop it. Experts who attended the meeting explained that along with the development of online distribution, the advancement of platforms focusing on food delivery such as Coupang, Market Curly, and Oasis are significantly driving the development of the HMR industry. In addition, competition and exchange with the restaurant industry are making the HMR market more complex and ...

Source: Aflnews