CJ Freshway "Imported Food Ingredient Product Distribution Scale Up 70%"

Franchise Food Service Locations and School Meals
Rapid Demand Increase as B2B Channels
Focus on Expanding Supply of High-Demand Products like Bulk Dairy, Mala Sauce, and Frying Potatoes

CJ Freshway announced on the 29th that the distribution scale of imported food ingredient product categories increased by approximately 70% compared to the previous year. The cumulative sales of related product categories from the first to third quarter of this year also grew by 16% compared to last year's annual sales.

Imported food ingredients distributed by CJ Freshway
Photo by CJ Freshway

CJ Freshway analyzed that the number of customers seeking imported food ingredients has significantly increased recently, as various national and regional cuisines such as the popular Malatang, Vietnamese local dishes, French home-style meals, and halal food have become more common. According to the Korea Agro-Fisheries & Food Trade Corporation's '2023 Food and Dining Statistics,' the number of foreign cuisine restaurants has increased by an average of 10% annually over the three years since 2020.

Among the products distributed by CJ Freshway last year, items with notably increased demand compared to the previous year were dairy products such as butter and cheese (59%), Malatang sauce (52%), and processed tomato products such as tomato paste (28%). Sales of frozen fries for frying grew about 14 times, with a 1280% increase.

CJ Freshway has signed supply contracts with numerous overseas brands including Devic (dairy products), Haidilao (Chinese sauces), Hunt (processed tomato products), and Eurogold (frozen fries). The aim is to expand competitive products to broaden customers' choices and provide a variety of flavors to end consumers.

A CJ Freshway representative stated, "While focusing on discovering high-quality products that customers want, we are also actively responding to new trends by reviewing proposals from overseas companies looking at the domestic food ingredient distribution market."

This content was produced with the assistance of AI translation services.