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Country Report

Ready Meals in South Korea

| Pages: 59

Price: US$900

About this Report

Executive Summary

TRENDS

  • Ready meals is expected to have 8% value growth in 2012 thanks to the good performance of most categories excluding frozen pizza. In South Korea there are many pizza fast food restaurants with cheaper prices than frozen pizza distributed at retailers so manufacturers are discontinuing production of frozen pizza. As a result, frozen pizza is expected to have -10% value decrease in 2012. Large retailers are targeting this empty market by importing foreign brands in collaboration with retailers’ brands. In 2012, private label frozen pizza is expected to dominate with 63% value share.

COMPETITIVE LANDSCAPE

  • CJ Cheil Jedang is expected to lead ready meals with a 34% value share in 2012. Its Haetban Rice Meal Series and Haetban Porridge Series is expected to have a combined 40% value share within canned/preserved ready meals. After the Haetban brand was successful in rice, the company expanded its product line to meal series and porridge targeting consumer convenience. CJ Cheil Jedang Corp expanded market share with three minute ready meals such as curry meals or hamburger steak meals. However, its value share decreased again in 2011 and 2010.

PROSPECTS

  • Ready meals is expected to grow by a constant value CAGR of 4% over the forecast period. Canned/preserved ready meals and prepared salads will increase by a constant value CAGR of 4%, chilled ready meals by a CAGR of 6% and frozen ready meals by a CAGR of 3% by 2017. Only frozen pizza is expected to decrease by -7% in constant value terms over the forecast period.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Ready Meals industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Ready Meals industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Ready Meals in South Korea market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Ready Meals in South Korea?
  • What are the major brands in South Korea?
  • Will retail sales suffer as economic prospects improve and consumers move back to eating out rather than eating at home?
  • How are manufacturers leveraging popular restaurant chains to help more austere consumers recreate a restaurant experience at home?
  • How much are consumers willing to pay for convenience?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Packaged Food market research database.

Table of Contents

Ready Meals in South Korea - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 1 Sales of Ready Meals by Category: Volume 2007-2012
  • Table 2 Sales of Ready Meals by Category: Value 2007-2012
  • Table 3 Sales of Ready Meals by Category: % Volume Growth 2007-2012
  • Table 4 Sales of Ready Meals by Category: % Value Growth 2007-2012
  • Table 5 Ready Meals: Vegetarian Vs Non-vegetarian % Breakdown by Type 2012
  • Table 6 Frozen Ready Meals % Breakdown by Ethnicity 2007-2012
  • Table 7 Chilled Ready Meals % Breakdown by Ethnicity 2007-2012
  • Table 8 Ready Meals Company Shares 2008-2012
  • Table 9 Ready Meals Brand Shares 2009-2012
  • Table 10 Sales of Ready Meals by Distribution Format: % Analysis 2007-2012
  • Table 11 Forecast Sales of Ready Meals by Category: Volume 2012-2017
  • Table 12 Forecast Sales of Ready Meals by Category: Value 2012-2017
  • Table 13 Forecast Sales of Ready Meals by Category: % Volume Growth 2012-2017
  • Table 14 Forecast Sales of Ready Meals by Category: % Value Growth 2012-2017

Ready Meals in South Korea - Company Profiles

CJ Cheiljedang Corp in Packaged Food (South Korea)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 1 CJ Cheil Jedang Corp: Key Facts
  • Summary 2 CJ Cheil Jedang Corp: Operational Indicators

COMPANY BACKGROUND

PRODUCTION

  • Summary 3 CJ Cheil Jedang Corp: Production Statistics 2012

COMPETITIVE POSITIONING

  • Summary 4 CJ Cheil Jedang Corp: Competitive Position 2012

Daesang Corp in Packaged Food (South Korea)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 5 Daesang Corp: Key Facts
  • Summary 6 Daesang Corp: Operational Indicators

COMPANY BACKGROUND

PRODUCTION

  • Summary 7 Daesang Corp: Production Statistics 2012

COMPETITIVE POSITIONING

  • Summary 8 Daesang Corp: Competitive Position 2012

Dongwon F&B Co Ltd in Packaged Food (South Korea)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 9 Dongwon F&B Co Ltd: Key Facts
  • Summary 10 Dongwon F&B Co Ltd: Operational Indicators

COMPANY BACKGROUND

PRODUCTION

  • Summary 11 Dongwon F&B Co Ltd: Production Statistics 2012

COMPETITIVE POSITIONING

  • Summary 12 Dongwon F&B Co Ltd: Competitive Position 2012

Ottogi Foods Co Ltd in Packaged Food (South Korea)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 13 Ottogi Foods Co Ltd: Key Facts
  • Summary 14 Ottogi Foods Co Ltd: Operational Indicators

COMPANY BACKGROUND

PRODUCTION

  • Summary 15 Ottogi Foods Co Ltd: Production Statistics 2012

COMPETITIVE POSITIONING

  • Summary 16 Ottogi Foods Co Ltd: Competitive Position 2012

Packaged Food in South Korea - Industry Context

EXECUTIVE SUMMARY

Premiumisation from health and wellness products

Male consumers become an attractive new consumer group

Popularity of old-fashioned brands allows domestic manufacturers to dominate

Consumers value hypermarkets for convenience and reasonable price

Health and wellness products are driving factor in packaged food

KEY TRENDS AND DEVELOPMENTS

Social commerce is driving packaged food sales via internet retailing

Manufacturers try to attract male consumers

Safety issue regarding private label

SALT describes consumer behaviour during economy uncertainty

Leveraging the trends dictates the ranking

FOODSERVICE – KEY TRENDS AND DEVELOPMENTS

Headlines

Trends

Competitive Landscape

Prospects

Category Data

  • Table 15 Foodservice Sales of Packaged Food by Category: Volume 2007-2012
  • Table 16 Foodservice Sales of Packaged Food by Category: % Volume Growth 2007-2012
  • Table 17 Forecast Foodservice Sales of Packaged Food by Category: Volume 2012-2017
  • Table 18 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2012-2017

IMPULSE AND INDULGENCE PRODUCTS – KEY TRENDS AND DEVELOPMENTS

Headlines

Trends

Competitive Landscape

Prospects

Category Data

  • Table 19 Sales of Impulse and Indulgence Products by Category: Volume 2007-2012
  • Table 20 Sales of Impulse and Indulgence Products by Category: Value 2007-2012
  • Table 21 Sales of Impulse and Indulgence Products by Category: % Volume Growth 2007-2012
  • Table 22 Sales of Impulse and Indulgence Products by Category: % Value Growth 2007-2012
  • Table 23 Company Shares of Impulse and Indulgence Products 2008-2012
  • Table 24 Brand Shares of Impulse and Indulgence Products 2009-2012
  • Table 25 Forecast Sales of Impulse and Indulgence Products by Category: Volume 2012-2017
  • Table 26 Forecast Sales of Impulse and Indulgence Products by Category: Value 2012-2017
  • Table 27 Forecast Sales of Impulse and Indulgence Products by Category: % Volume Growth 2012-2017
  • Table 28 Forecast Sales of Impulse and Indulgence Products by Category: % Value Growth 2012-2017

MEAL SOLUTIONS – KEY TRENDS AND DEVELOPMENTS

Headlines

Trends

Competitive Landscape

Prospects

Category Data

  • Table 29 Sales of Meal Solutions by Category: Volume 2007-2012
  • Table 30 Sales of Meal Solutions by Category: Value 2007-2012
  • Table 31 Sales of Meal Solutions by Category: % Volume Growth 2007-2012
  • Table 32 Sales of Meal Solutions by Category: % Value Growth 2007-2012
  • Table 33 Company Shares of Meal Solutions 2008-2012
  • Table 34 Brand Shares of Meal Solutions 2009-2012
  • Table 35 Forecast Sales of Meal Solutions by Category: Volume 2012-2017
  • Table 36 Forecast Sales of Meal Solutions by Category: Value 2012-2017
  • Table 37 Forecast Sales of Meal Solutions by Category: % Volume Growth 2012-2017
  • Table 38 Forecast Sales of Meal Solutions by Category: % Value Growth 2012-2017

NUTRITION/STAPLES – KEY TRENDS AND DEVELOPMENTS

Headlines

Trends

Competitive Landscape

Prospects

Category Data

  • Table 39 Sales of Nutrition/Staples by Category: Volume 2007-2012
  • Table 40 Sales of Nutrition/Staples by Category: Value 2007-2012
  • Table 41 Sales of Nutrition/Staples by Category: % Volume Growth 2007-2012
  • Table 42 Sales of Nutrition/Staples by Category: % Value Growth 2007-2012
  • Table 43 Company Shares of Nutrition/Staples 2008-2012
  • Table 44 Brand Shares of Nutrition/Staples 2009-2012
  • Table 45 Forecast Sales of Nutrition/Staples by Category: Volume 2012-2017
  • Table 46 Forecast Sales of Nutrition/Staples by Category: Value 2012-2017
  • Table 47 Forecast Sales of Nutrition/Staples by Category: % Volume Growth 2012-2017
  • Table 48 Forecast Sales of Nutrition/Staples by Category: % Value Growth 2012-2017

MARKET DATA

  • Table 49 Sales of Packaged Food by Category: Volume 2007-2012
  • Table 50 Sales of Packaged Food by Category: Value 2007-2012
  • Table 51 Sales of Packaged Food by Category: % Volume Growth 2007-2012
  • Table 52 Sales of Packaged Food by Category: % Value Growth 2007-2012
  • Table 53 GBO Shares of Packaged Food 2008-2012
  • Table 54 NBO Shares of Packaged Food 2008-2012
  • Table 55 NBO Brand Shares of Packaged Food 2009-2012
  • Table 56 Penetration of Private Label by Category 2007-2012
  • Table 57 Sales of Packaged Food by Distribution Format: % Analysis 2007-2012
  • Table 58 Sales of Packaged Food by Category and Distribution Format: % Analysis 2012
  • Table 59 Forecast Sales of Packaged Food by Category: Volume 2012-2017
  • Table 60 Forecast Sales of Packaged Food by Category: Value 2012-2017
  • Table 61 Forecast Sales of Packaged Food by Category: % Volume Growth 2012-2017
  • Table 62 Forecast Sales of Packaged Food by Category: % Value Growth 2012-2017

SOURCES

  • Summary 17 Research Sources

Segmentation

This market research report includes the following:

  • Ready Meals
    • Canned/Preserved Ready Meals
    • Chilled Pizza
    • Chilled Ready Meals
    • Dinner Mixes
    • Dried Ready Meals
    • Frozen Pizza
    • Frozen Ready Meals
    • Prepared Salads

Statistics Included

For each category and subcategory you will receive the following data in Excel format:

From Passport

  • Market sizes
  • Company shares
  • Brand shares
  • Distribution
  • Analysis by ethnicity
  • Pricing
  • Products by ingredient
  • Products by ingredient
  • Vegetarian vs non-vegetarian

Market size details:

  • Retail volume
  • Retail volume % growth
  • Retail volume per capita
  • Foodservice volume
  • Foodservice volume % growth
  • Foodservice volume per capita
  • Total volume
  • Total volume % growth
  • Total volume per capita
  • Retail value retail selling price % growth
  • Retail value retail selling price local currency, USD, EUR, GBP, CHF, JPY
  • Retail value retail selling price per capita local currency, USD, EUR, GBP, CHF, JPY
  • Retail value manufacturer selling price % growth
  • Retail value manufacturer selling price local currency, USD, EUR, GBP, CHF, JPY
  • Retail value manufacturer selling price per capita local currency, USD, EUR, GBP, CHF, JPY
  • Retail volume (tonnes)
  • Retail volume (tonnes) % growth
  • Retail volume (tonnes) per capita
  • Foodservice volume (tonnes)
  • Foodservice volume (tonnes) % growth
  • Foodservice volume (tonnes) per capita
  • Total volume (tonnes)
  • Total volume (tonnes) % growth
  • Total volume (tonnes) per capita

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