In 2020, South Korea demonstrated the largest growth in packaged food and ready-made meals growth in years. Estimated market value was $29.5 billion and is expected to reach $33.5 billion in 2025. South Korea has a sophisticated and developed e-commerce culture and network and home-deliveries are popular with total market size of e-commerce for FMCG expected to overtake store-based channels in the next year.
Food Export Association of the Midwest has an upcoming Focused Trade Mission to Korea for Specialty and Retail. This event takes place October 18-22 in Seoul, South Korea. The early registration price is $400.
Services Provided
- One-on-one meetings with qualified buyers
- Pre-event custom product research including market overview, importation analysis and distribution analysis
- Market briefing by local USDA, Foreign Agricultural Service, and retail store tour
- Table top showcase and trade reception
- Dedicated interpreter
- Translation of up to two pages of materials to Korean
- Inclusion in trade mission brochure containing your company profile, contact details, and product lines
- Identifying top leads and follow-up letter in Korean
- On-site assistance by Food Export's in-market representative
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Products of Interest
Top U.S. products in demand:
- Food Preparations
- Fats and Oils
- Prepared/Preserved Seafood
- Processed/Prepared Dairy Products
- Non-Alcoholic Beverages
- Processed/Prepared Vegetables and Pulses
- Prepared/Preserved Meats
- Beer and Wine
- Chocolate and Confectionery
- Snack Foods
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July is National Blueberry Month! Michigan is one of the top producing states in growing these sweet, juicy, high quality berries. In an average year, our state blueberry farmers produce more than 100 million pounds in more than 30 mouthwatering varieties of highbush blueberries. More than 50 percent of all Michigan blueberries are shipped to the fresh market; the rest are frozen, pureed, concentrated, or canned to be used in a myriad of value-added products. Fresh Michigan blueberries are available from July through October. Frozen, dried, and juiced blueberries can be enjoyed throughout the year in a variety of forms and products.
Modern-day blueberry farming began in Michigan in the early 1900s, and today this perennial crop is harvested from more than 20,000 acres. Michigan blueberries are grown, harvested, packed, and processed by 575 family farms annually, contributing nearly $132 million to the state’s economy.
“Michigan’s blueberry farmers are hard at work, bringing in that high quality, healthy fruit we’ve all come to enjoy, at packing sheds all across the state,” said Michigan Blueberry Commission Executive Director Kevin Robson. “Michigan is home to some of the best growing conditions and soils in the country for blueberry production. All across the western shore, from Berrien to Oceana, you’re never far from a blueberry field.
“Be sure to look for that grown in Michigan label on the clam shell, and when you buy your blueberries, you can rest assured knowing you’re supporting your neighborhood blueberry farmer,” he continued. “On behalf of the Michigan Blueberry Commission, we want to wish our state’s growers the best of luck this season!”
Export opportunities for Michigan blueberries can be seen around the world. True Blue Farms is one Michigan company that has found export success. "We have been able to partner with other ingredient suppliers to send value added dried blueberries to blueberry lovers worldwide," said True Blue Farms Owner Shelly Hartmann.
A few markets with opportunities:
China - China was the largest known source of frozen and dried blueberry imports. Starting in 2020, U.S. fresh blueberries were granted market access to China.
Korea - Under the U.S. - Korea Free Trade Agreement, U.S. blueberries entering Korea have a zero tariff implication. The health benefits of blueberries bring a lot of value to Korean consumers.
Japan - Under the U.S. - Japan Trade Agreement as of January 1, 2020, fresh and dried blueberries are able to enter Japan duty-free.
Resources:
Michigan Blueberry Commission
U.S. Highbush Blueberry Council
MDARD is working to understand the workforce challenges facing food, agriculture, and forest products companies in Michigan. Towards this effort, a survey was created and is being shared with Michigan companies in those sectors. MDARD encourages companies to complete the survey by clicking the link below
With MIAgExport’s Product Directory, your company will be able to maintain your company profile and have access to the product directory. The product directory allows international buyers to discover your company, making it easier for them to connect with you and get your products noticed in the process. There is no charge for creating a user profile or adding your company profile to MiAgExport!
MiAgExport also has export data on the industry trends, which you can access with your login and sign up for events that will help connect your products to the export market.
The Michigan Department of Agriculture and Rural Development's International Marketing Program is pleased to continue offering Worldwide Credit Reports for Michigan food and agriculture companies. In partnership with the Van Andel Global Trade Center, this service will provide the most up-to-date credit information on in-country businesses. Worldwide Credit Reports help companies and partners with details such as operations, stability, and profitability.
Qualifying food and agriculture companies are eligible to receive one (1) Worldwide Credit Report free of charge.
Depending on country, each report will include some or all of the following:
- Executive Summary
- Answers to Questions
- Recent Imperatives
- Legal Information
- History of Related Companies
- Trade References
- Technical Information
- Bank References
- Financial Conditions
- Payment History
Reports are developed by in-country representatives and are fully accepted by all major credit insurance firms.
Virtual Trade Mission to Canada Aug 30 - Sept 2, 2021 | Zoom
Fancy Food Show Sept 27 - 29, 2021 | New York, NY
ANUGA Oct 9-13, 2021 | Cologne, Germany
Focused Trade Mission to Korea for Specialty and Retail Oct 18-22, 2021 | Seoul, South Korea
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