[Video] With expanding market, HMR gift sets released
IndustryJan 25, 2018
Buoyed by explosive growth and continuing popularity of home meal replacements, or ready-to-eat meals, in South Korea, more retailers are releasing a variety of HMR products.According to data from Korea Agro-Fisheries and Food Trade Corp., the local HMR market expanded 35 percent from 1.7 trillion won ($1.5 billion) in 2013 to 2.3 trillion won in 2016, marking double digit growth each year. As of last year, the market had continued its momentum to 3 trillion won. Shinsegae Department Store’s hom