Pizza Drives Cheese Demand Growth in South Korea

December 2, 2015 02:45 PM
Pizza Drives Cheese Demand Growth in South Korea

Demand for cheese is growing in South Korea. A recent report by the USDA Global Agriculture Information network showed a 60% increase in cheese imports to South Korea since 2010.

The report notes cheese consumption has also increase by more than a third in the last five years. Directly correlating to South Korea’s growing love of pizza.

Nick Buyse a dairy market analyst with FCStone says a good chunk of the cheese consumption growth in Asian countries in can be attributed to pizza chains. He noted that Papa John’s third quarter international sales were up 8% over 2014’s 5.5% pace.

“Similarly Pizza Hut’s Asian sales are up 4% and Domino’s international division sales were up 7.7% in the third quarter,” he says.

Turns out people all over the world love cheesy pizza which is good news for dairy farmers.

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