South Korea Edible Prawns Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Farmed Prawns, Caught Prawns), By End-User (Households, Restaurants and Food Chains), and South Korea Edible Prawns Market Insights, Industry Trend, Forecasts to 2035

South Korea Edible Prawns Market Insights Forecasts to 2035

• The South Korea Edible Prawns Market Size is Expected to Grow at a CAGR of around 5.1% from 2025 to 2035
• The South Korea Edible Prawns Market Size is Expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Edible Prawns Market Size is anticipated to grow at a CAGR of 5.1% from 2025 to 2035. The market is driven by rising consumer preference for high-protein seafood options and the widespread popularity of prawns in Korean culinary traditions. Additionally, advancements in cold storage infrastructure and the rapid growth of e-commerce and foodservice channels are fueling steady demand.

Market Overview

The South Korea edible prawns market is growing steadily with the wholesome seafood culture of the country, increased health awareness, and demand for premium proteins. Prawns are a staple ingredient in Korean, Japanese, and fusion cuisines, grilled, fried, or added to soups. With domestic catch being retained, the majority of supply comes from importing aquaculture raised prawns. Supermarkets, sites, and restaurant groups sell full lines of prawn products. Market momentum is underpinned by foodservice market growth and consumers' demand for easy-to-consume, quality seafood meals. Dependence on imports and price volatility are, however, issues for industry players. Sustained cold chain technology and practice in sustainable sourcing will be key to fueling long-term expansion.

Report Coverage

This research report categorizes the market for the South Korea edible prawns 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 edible prawns 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 edible prawns market.

Driving Factors

The South Korea edible prawns market is fueled by consumer demand for proteinaceous and healthy seafood, of which prawns are a high-value and utility seafood product in Korean food culture. Expansion of the HoReCa channel, consciousness of health, and the transition towards convenient frozen food have driven the demand for prawns. Imports of farm-raised prawns provide year-round stable supply, and growth of cold chain logistics and online food selling improve product availability, so that prawns are becoming increasingly popular both among consumers and foodservice companies.

Restraining Factors

Challenges are measured in terms of relying on imported prawns, price level uncertainty, and sustainability issues related to overfishing and aquaculture practices. Other than that, the high cost of storage and logistics of maintaining cold-chain can be a hindrance for rural market and small distributor entry.

Market Segmentation

The South Korea Edible Prawns Market share is classified into product type and end-user.

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

The South Korea edible prawns market is segmented by product type into farmed prawns and caught prawns. Among these, the farmed prawns segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to consistent availability, are cheaper, and have their quality controlled. They are mainly supplied from large aquaculture-exporting countries such as Vietnam, India, and Thailand. The uniformity of size and storage convenience of these prawns render them a preference by distributors and retailers, and hence ideal for large-scale retail food sale and foodservice purposes.

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

The South Korea edible prawns market is segmented by end-user into households, restaurants and food chains. Among these, the restaurants and food chains segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Prawns find application in numerous Korean BBQ, seafood hot pot, restaurant and quick-service international foods. Growth in the number of mid-range and high-end restaurants and higher eating out frequency propel high demand for high-quality fresh and frozen prawns in the foodservice market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea edible prawns 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

• CJ Freshway
• Dongwon F&B
• Pulmuone Co., Ltd.
• Sajo Group
• Hansung Enterprise
• Seawell Co., Ltd.
• Minh Phu Seafood Corp.
• Devi Seafoods
• 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 edible prawns market based on the below-mentioned segments:

South Korea Edible Prawns Market, By Product Type

• Farmed Prawns

• Caught Prawns

South Korea Edible Prawns Market, By End-User

• Households

• Restaurants and Food Chains