From food to cosmetics, veganism becomes more popular in Korea

From food to cosmetics, veganism becomes more popular in Korea


Time now for our “Life & Info” segment…
where we focus on information we hope is useful for your everyday life. We have our business correspondent Kim Hyesung
in the studio today to discuss the rising vegan trend in South Korea. So Hyesung, tell us more. Mark, veganism is the practice of abstaining
from eating or drinking any animal products including eggs and dairy products. It also rejects the commodity status of animals,
and is against all forms of exploitation and cruelty to animals for food, clothing and
any other purpose. And products tailored to vegans are on the
rise So for food products, I’m sure many have heard
of meat-free burger patties made out of plants like pea protein. There’s been a sharp increase in the number
of vegan food businesses, it’s doubled here in Korea in the past 8 years, including burgers
and bakeries that do not use dairy products or eggs. The Grand Hyatt Hotel also added a new vegan
burger menu in June. At grocery stores, you can also easily find
meat-free, plant-based products. Vegan ice-creams that are made of soy milk
are also on offer at some department stores. 2. Wow, everything from burgers to cakes. What’s driving this rise of veganism in Korea? There are couple reasons, like health, animal
welfare, and environmental protection. Data shows more than a third of world’s grain
production is used to produce meat, contributing to food security problems and climate change. Veganism is mainly led by millennials, those
aged 25 to 34. “Millennials have a tendency to show their
values and beliefs via their consumption patterns. With this change in awareness that emphasizes
ethical consumption and animal protection, and social media that spreads this message
via pictures and videos, more companies are coming up with vegan products and veganism
is growing rapidly. In fact, data shows one out of four American
millennials identify themselves as vegans or vegetarians. According to the Korea Vegetarian Union, around
one-and-a-half million Koreans are estimated to be vegans or vegetarians, that’s 3 percent
of the total population… and is more than ten times the figure back in 2008. And this interest in vegan lifestyle has expanded
into cosmetics. There are foreign brands and Korean local
brands in drug stores including shampoos and lotions. Many have been introduced this year. Vegan products are stamped with a vegan certification
mark, proving they did not use animal ingredients or by-products in the manufacturing process,
haven’t been tested on animals and are GMO-free. “I look at smartphone cosmetics apps to make
sure I buy products that use eco-friendly ingredients, not chemical ingredients.” 3. Interesting, so I guess we will see more innovative
vegan products in the future? Yes, in fact there’s even a term called ‘veganomics’
to describe the vegan market as the related industry is huge. The vegan market in North America and Europe
has grown rapidly fastfood chains offer vegan burgers, vegan
donuts, vegan tacos, and prices are similar to non-vegan products given the high demand. And a similar phenomenon is happening in Asia. As for cosmetics goods, Grand View Research
shows the market will expand by an annual average of six percent and top 20 billion
U.S. dollars by 2025. So yes, we will definitely see more vegan
products in the next couple of years. Thanks for the interesting information, Hyesung. My pleasure.

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