The birth rate in South Korea continued to decline – the number of births dropped to 357,800 in 2017, down 12% on the previous year and the lowest since records began in 1970. Other hot drinks targeting children continued to stagnate, aligned with declining consumption of white milk.
Hot chocolate continued to perform well in 2018, driven by increasing online sales despite limited opportunities due to the seasonality of the product. The hot chocolate season is considered to last for six months, from October to March.
Dongsuh Foods remained the leader, a significant distance ahead of second-ranked Nestlé Korea. Dongsuh Foods maintained a strong presence over all categories in 2018, while Nestlé Korea suffered a significant loss of retail value share due to high competition in children’s other hot drinks.
You have no recently viewed reports.
Why not browse through our Featured or Trending Reports to see what we have to offer?
Discover the latest market trends and uncover sources of future market growth for the Other Hot Drinks 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 Other Hot Drinks industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.
The Other Hot Drinks in South Korea market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our Hot Drinks market research database.