South Korea Asparagus Market Size, Share, And COVID-19 Impact Analysis, By Product (Fresh Asparagus, Canned Asparagus, and Frozen Asparagus), By Variety (Green Asparagus, White Asparagus, Purple Asparagus, and Others), and South Korea Asparagus Market Insights, Industry Trend, Forecasts To 2035

South Korea Asparagus Market Size Insights Forecasts to 2035

• The South Korea Asparagus Market Size was estimated at USD 531.6 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.71% from 2025 to 2035
• The South Korea Asparagus Market Size is Expected to Reach USD 979.6 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Asparagus Market Size is anticipated to reach USD 979.6 million by 2035, growing at a CAGR of 5.71% from 2025 to 2035. The market is driven by rising health consciousness and increasing demand for nutrient-rich, low-calorie vegetables, along with growing use in home cooking, restaurants, and international cuisine.

Market Overview

The South Korea asparagus market is experiencing consistent growth, supported by growing health consciousness and consumers' demands for low-calorie, healthy vegetables. Asparagus is rich in fiber, vitamins, and antioxidants and is thus the favorite vegetable among health-conscious consumers. Consumption of Western-style and fusion foods in South Korea has also contributed significantly towards pushing demand for asparagus in home food preparation as well as the foodservice industry. Convenience foods such as frozen and canned asparagus are also gaining popularity because of improved shelf life and convenience. Market access has also improved with retailing expansion through supermarkets and e-commerce. Despite price responsiveness and perishability issues, continued activity in greenhouse horticulture and efficient logistics are upholding market resilience. With the increase in lifestyle, the variety of kitchens and dietary intake also varies. The South Korean asparagus market will grow steadily up to 2035.

Report Coverage

This research report categorizes the market for the South Korea asparagus market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea asparagus market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea asparagus market.

Driving Factors

South Korean demand is driven by increasing consumer health and nutrition consciousness because asparagus is low in calories but high in fiber, vitamins, and antioxidants. Increased popularity in Western and fusion cooking has fueled restaurant and home preparation demand. Smooth imports provide a year-round uninterrupted supply despite the scant local production. Growth in retail and online outlets has also improved access. Easy foods such as canned and frozen asparagus are also gaining steam, adding to overall market expansion.

Restraining Factors

South Korea's asparagus market faced by restraints like high import prices and import dependence and a lack of domestic production. Cold-chain transportation, required because of its perishable status, increases cost of distribution. Substitution by lower-cost, domestic vegetables in the marketplace impacts demand. Consumer reluctance to accept premium-priced product also prevents deeper penetration into the marketplace, particularly among cost-sensitive consumers and lower-tier retail establishments.

Market Segmentation

The South Korea Asparagus Market share is classified into product and variety.

• The fresh asparagus segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea asparagus market is segmented by product into fresh asparagus, canned asparagus, and frozen asparagus. Among these, the fresh asparagus segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Fresh asparagus is highly sought after with its mild taste and rich nutrition. Fresh asparagus is prefered due to its incredible versatility in the kitchen. Fresh asparagus may be cooked in many different ways, such as grilling, roasting, steaming, and sautéing, and is utilized as a critical ingredient in basic and complex food.

• The green asparagus segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea asparagus market is segmented by variety into green asparagus, white asparagus, purple asparagus, and others. Among these, the green asparagus segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Green asparagus is renowned for its culinary strength and ability to improve the taste of a wide range of foodstuffs. It can be roasted, grilled, steamed, cooked, sautéed, or consumed raw for use as an ingredient in salads. Its versatility has made it a preferred option among chefs and amateur cooks who adore its strength to add flavor, color, and texture to most foods.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea asparagus market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Bosung Ind Co Ltd
• Smlfs Company Limited
• Mi Ju Fresh Inc
• Dae Joo Marine Co Ltd
• En Agricultural Products Company
• Utopia Gardens Trading Co Ltd
• Great Fortune Logis Co Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea asparagus market based on the below-mentioned segments:

South Korea Asparagus Market, By Product

• Fresh Asparagus
• Canned Asparagus
• Frozen Asparagus

South Korea Asparagus Market, By Variety

• Green Asparagus
• White Asparagus
• Purple Asparagus
• Others