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Section 2: Market Challenges and Opportunities:
Recent Trends in Consumption of Edible Fats and Oils in Korea
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By: Dr. Suk Hoo Yoon
Education:
B.S. 1977 Division of Applied Biological Chemistry, Seoul National University
M.S. 1980 Department of Biological Science and Engineering,
Korea Advanced Institute of Science and Technology
Ph.D. 1983 Department of Biological Science and Engineering Korea Advanced Institute of Science and Technology
Professional Employment:
1983 - 1988 Senior Research Scientist, Korea Institute of Science and Technology
1984 - 1985 Post-Doctoral Fellow, Department of Food Science and Technology, The Ohio State University, Columbus, Ohio, U.S.A.
1988 - 2013 Senior Research Scientist, Principal Research Scientist
Head, Director, Vice President, President (2011 - 2013)
Korea Food Research Institute
1997 - 1999 Visiting Professor, Department of Chemical and Biochemical Engineering,
The University of California, Irvine, California, U.S.A.
2004 - 2013 Professor, Director, Food Biotechnology Division,
University of Science and Technology, Korea
2014 – Present Professor, Department of Food Science and Biotechnology,
Woosuk University, Korea
Awards and Honors:
Academic Advancement Award, Korean Society of Food Science and Technology, 1990
Outstanding Achievement Award, Ministry of Agriculture and Forestry, 2002
Fellow, International Society of Biocatalysis and Agricultural Biotechnology, 2011
Order of Science and Technology Merit, President of Korea, 2012
Fellow, Institute of Food Technologists, U.S.A, 2014
Fellow, American Oil Chemists’ Society, U.S.A., 2015
Outstanding Life-Time Achievement Award, KoSFoST, 2016
Editorships:
Editor-in-Chief, Food Science and Biotechnology, KoSFoST, Korea (2010 - 2011)
Editor, New Biotechnology, Elsevier, U.S.A (2008 - 2010)
Editorial Board, Journal of Food Science, IFT, U.S.A. (2002 - 2004)
Editor, Biocatalysis and Agricultural Biotechnology, Elsevier, U.S.A. (2011- present)
Professional Memberships:
Korean Society of Food Science and Technology – Vice President (2009), President (2012)
International Society of Biocatalysis and Biotechnology – Director (2009 - present)
American Oil Chemists' Society (U.S.A.) – Chair, Biotechnology Division (2013)
Chair, Asian Section (2012-2015), Vice Chair (present)
Research Works:
Major Fields: Food Chemistry and Biotechnology (200 papers, 27 book chapters, 220 abstracts)
Research Interests: chemistry of oxidation and flavor stability of lipid foods, processing of fats and oils, instrumental analyses of food materials, antioxidants, enzymatic and microbial processing of foods, single cell oil fermentation
VIEW PROFILE
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Based upon the changes of social and economic situations in Korea, the total consumption and variety of fats and oils used for food purposes have been remarkably changed during last decades. The proportion of energy intake from lipids was 28.8% of total energy intake in 2014, and that from visible lipids was 58.7%. The per capita supply of fats and oils was 56.4g/day, of which 98.5% were vegetable origins. The total supply amount of fats and oils for foods was 1,037,000M/T. The import amount of fats and oils comprised 98.5% of total fats and oils supply. The amount of palm oil supply was the highest as 429,000M/T, followed by those of soybean oil, canola oil, coconut oil, and corn oil in decreasing order. The fish body oil and beef tallow were the major animal fats and oils sources.
The variety of fats and oils produced in Korea, even in small amounts, included perilla oil, sesame oil, and rapeseed oil. Palm oil was mainly used for the manufacturing of instant noodles (ca 55% of total consumption) and snacks, whereas soybean oil was used mainly for salad/cooking purposes. The total consumption amount of fats and oils in Korea looks near to be mostly stabilized, however, it shows a slight and continuous increase in recent years. This is considered due to the development of new product items, especially instant noodle products. It is also recognized that the consumers become more cautious about health and well-being diets.
The manufacturers of lipid foods have become, therefore, interested in the usage of novel fats and oils for novel food production considering health concerns.
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Section 2: Market Challenges and Opportunities |
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Archives |
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MITIGATING THE NEXT WAVE OF MARKET UNCERTAINTIES Nov 14, '22 ~ Nov 18, '22 |
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ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS Mar 28, '22 ~ Apr 01, '22 |
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Section 2: Opportunities for Palm Oil in Asian Market Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Oils & Fats Supply, Demand and Outlook Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Price Direction Apr 05, '21 ~ Apr 11, '21 |
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Section 2 : Special Focus on the US Apr 05, '21 ~ Apr 11, '21 |
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POINTERS ON THE PRICE TRENDS Jun 22, '20 ~ Jun 28, '20 |
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Section 1 : CPO Price Trend Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Global Palm Oil Market Opportunities Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Special Focus Aug 19, '19 ~ Aug 25, '19 |
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Section 1 : CPO Price Trend Aug 19, '19 ~ Aug 25, '19 |
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Special Focus - India Feb 25, '19 ~ Feb 24, '19 |
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Section 1: CPO Price Trend Feb 18, '19 ~ Feb 24, '19 |
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Section 2: Global Palm Oil Market Focus Aug 06, '18 ~ Aug 12, '18 |
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Section 1: CPO Price Trend Aug 06, '18 ~ Aug 12, '18 |
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Section 2 : Global Palm Oil Market Focus Jan 29, '18 ~ Feb 04, '18 |
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Section 1: CPO Price Trend Jan 29, '18 ~ Feb 04, '18 |
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Section 2: Regional Focus : CIS Countries Aug 21, '17 ~ Aug 27, '17 |
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Section 1: Palm Oil Price Fundamentals Aug 21, '17 ~ Aug 27, '17 |
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Section 2: Market Challenges and Opportunities Feb 20, '17 ~ Feb 26, '17 |
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Section 1: Price Directions Feb 20, '17 ~ Feb 26, '17 |
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Section 1 : Palm Oil Price Fundamentals Aug 22, '16 ~ Aug 28, '16 |
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Section 2 : Trade Issues and Market Prospects Aug 22, '16 ~ Aug 28, '16 |
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2016 Market Direction - Twists and Turns of Palm Oil Prices Feb 22, '16 ~ Feb 29, '16 |
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Second Half 2015 - Anticipating Market Price Direction Aug 17, '15 ~ Aug 23, '15 |
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Special Focus: Indian Sub-Continent Aug 17, '15 ~ Aug 23, '15 |
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Opportunities, Challenges And Trend In 2015 CPO Price Feb 23, '15 ~ Mar 01, '15 |
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2nd Half 2014: Market Challenges, Predictions And Directions Aug 25, '14 ~ Aug 31, '14 |
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Anticipating 2014 Palm Oil Price Direction Feb 17, '14 ~ Feb 24, '14 |
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Prospects For Second Half Of 2013 - Managing Price Fluctuations Jul 22, '13 ~ Jul 29, '13 |
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Mapping The Palm Oil Price - 2013 Market Perspective Feb 18, '13 ~ Feb 27, '13 |
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Palm Oil : Challenges, Opportunities And Latest Market Directions Aug 06, '12 ~ Aug 17, '12 |
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2012 Price Direction, Issues & Challenges Feb 13, '12 ~ Feb 20, '12 |
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Challenges, Opportunities And Latest Price Trend Aug 08, '11 ~ Aug 16, '11 |
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Challenges, Opportunities And Price Direction Feb 07, '11 ~ Feb 17, '11 |
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2010 Year End Prospects - What Lies Ahead? Aug 02, '10 ~ Aug 08, '10 |
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