The 31st South Korea (Busan) International Food Fair BOFOOD in 2024

In 2024, Busan, South Korea will once again host a gastronomic feast: the 31st BOFOOD Korea International Food Expo. The four-day expo will be held at the Busan International Convention and Exhibition Center from May 29 to June 1. The event is jointly hosted by the Korea Health Industry Promotion Institute and the Korea Food Safety Certification Institute. It is an annual event that brings together the best of global cuisine. Meanwhile, a series of forums and seminars will be held during the expo, inviting industry experts to share industry trends and cutting-edge technologies to inject new vitality into the development of the food industry.

Summary of the latest exhibition: The Busan Food Exhibition 2023 has exhibitors from 16 countries and regions around the world, with 1,160 booths. The exhibition brings together companies from all over the world, including food ingredients, deep-processed foods, and food machinery. There were 31,484 visitors from 19 countries and regions, including 1,581 overseas purchasing groups. Food Expo 2023 in Busan, South Korea. The exhibition area is expected to reach 18,000 square meters, with 650 companies, 1,200 booths, and 40,000 professional visitors.

Brand buyers at the last show

NBC TV Shopping, Hyundai Green Food, CJ Fresh Food, Samsung C&T, CJ TV Shopping, Korean School Feeding Association, Nongshim Food, Dongyang Food, Dongwon Food, Haitai Food, Koryo Food, Tumbler, Samwon Food, Modern Green Agriculture, Korean Import Food Association, Busan Food Distribution Association, etc.

Market analysis:

◆South Korea has a population of more than 50 million. Due to limited arable land resources and dense population, most of the agricultural products and food raw materials rely on imports of Chinese agricultural products, food raw materials, food ingredients, etc. import targets.

◆Since the China-Korea Free Trade Agreement came into effect, 90% of food products will usher in the era of zero tariffs. Chinese food products are high-quality and cheap, and are accepted by more and more Koreans.

◆In addition, South Korea’s deep food processing is highly developed, and its annual processed food export volume reaches billions of dollars.

◆In recent years, “living alone” and “eating alone” have become popular in South Korea. The phenomenon of single-person households is significant, accounting for 27.2% of all Korean households (5.2 million people). are emerging consumers in Korea’s food and catering industries. According to experts, the consumption expenditure of a single household will increase from 80 trillion won in 2015 to 120 trillion won in 2020. Ready-made meals and small packaged foods are very popular.

Food and ingredients, agricultural and forestry products, aquatic products, health foods, tea/coffee and baking

Food processing machines, kitchen equipment and supplies, food packaging machines, picnic supplies