The market is dominated by domestic suppliers, as imports account for 18.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 59.0% of total demand in 2022. South Korea has the fifth largest market size for coffee, tea, spices and ready meals regionally, with demand reaching USD21.5 billion in 2022. CJ Cheiljedang Corp is the largest company in South Korea, generating 25.6% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 76.7% of total production value in 2022. The total number of companies increases in 2022, to 51,701 units. The costs of the industry decrease by 12.4% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 11.2% of production value in 2022, the 11th highest regionally. The industry’s exports share increases in 2022 to 9.9% of total production output. With production value of USD16.0 billion, South Korea accounts for 4.1% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Coffee, Tea, Spices and Ready Meals in South Korea: ISIC 1549. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coffee, Tea, Spices and Ready Meals in South Korea: ISIC 1549 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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