- California Assembly OKs highest minimum wage in nation
- S. Korea unveils first graphic cigarette warnings
- US joins with South Korea, Japan in bid to deter North Korea
- LPGA golfer Chun In-gee finally back in action
- S. Korea won’t be top seed in final World Cup qualification round
- US men’s soccer misses 2nd straight Olympics
- US back on track in qualifying with 4-0 win over Guatemala
- High-intensity workout injuries spawn cottage industry
- CDC expands range of Zika mosquitoes into parts of Northeast
- Who knew? ‘The Walking Dead’ is helping families connect
Korean sauces slowly penetrating American sauce market, report says
From 2000 to 2014, hot sauce imports, like Korea’s gochujang, jumped 150 percent in the U.S. (Korea Times file)
Korean sauces gochujang and dwenjang are slowly infiltrating the $5.6 billion American sauce market, according to a recent report by Korea Agro-Fisheries & Food Trade Corporation.
According to aT, the U.S. imported about $276,500 in sauces from Asia since April last year, about $20,400 of it from Korea. That’s an increase of 7.9 percent between 2012 and 2014 for Korean sauces.
From Asia overall, the most popular item was soy sauce, which took up a whopping 36 percent of imports, followed by fish sauce (10 percent) and curry sauce (7 percent), the report said.
Dwenjang, a soybean paste, and gochujang, red pepper paste, each made up 3 percent of imports.
Soy sauce imports were up 1.4 percent from last year, but it was hot sauce that drew attention — from 2000 to 2014, hot sauce imports jumped 150 percent.
It is estimated that the hot sauce market will be worth $1.3 billion by 2017, according to industry and market research organization IBISWorld.
In America, Korean imports make up 90 percent of the gochujang market, which saw a 26 percent growth through May this year. In the same period, Korean BBQ sauces jumped 400 percent.
Dwenjang, too, was dominated by Korean imports, at 40 percent. Japan and Thailand followed with 25 percent and 14 percent, respectively.
Related Posts
One Comment
ENTERTAINMENT
-
Han Yeri from ‘Minari’ signs with U.S. management agencySouth Korean actress Han Yeri, who played a skeptical...
- April 9, 2021
-
K-pop songstress IU dominates music charts with new, old songsK-pop songstress IU has swept major music charts here...
- April 5, 2021
kelly
November 25, 2017 at 3:21 PM
yes..I like the basic concepts behind Second Life but it seems incredibly outdated and when I played it was intensely non-intuitive / user friendly to an extent that made EVE look like a game for toddlers. thanks from
togel online