Due to social changes like more single-person households and an aging population with increasing chronic illnesses, the HMR market is growing rapidly at 14.8% annually. In response, companies are concentrating on 'Care Foods' that combine health and c...
Due to social changes like more single-person households and an aging population with increasing chronic illnesses, the HMR market is growing rapidly at 14.8% annually. In response, companies are concentrating on 'Care Foods' that combine health and convenience. A survey of 300 people indicates that up to 28.3% of those aged 40-60 might become annual consumers of care foods. Monthly demand in 2019 was estimated between 6.4 million to 30 million, with a projected 3.8% annual growth till 2030. If a care food priced at 2,500 won for blood sugar management was introduced in 2019, sales could reach 16.1 billion won monthly. Given the rising HMR market and societal support, the Care Food industry is expected to continue growing, underscoring the need for standardized regulations and definitions for these products.