Packaged Food in South Korea

December 2020
USD 7,150
Request More Information

Delivery:

Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).

Overview:

Understand the latest market trends and future growth opportunities for the Packaged Food industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.

If you're in the Packaged Food industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Packaged Food in South Korea report includes:

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

This report answers:

  • What is the market size of Packaged Food in South Korea?
  • Which are the leading brands in Packaged Food in South Korea?
  • How are products distributed in Packaged Food in South Korea?
  • How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
  • What are the key health and wellness concerns driving, or challenging, sales in Packaged Food?
  • How significant are vegan and vegetarian dietary requirements in determining sales growth in South Korea?
  • How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
  • Where is future growth expected to be most dynamic?
  • How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?

Packaged Food in South Korea

EXECUTIVE SUMMARY

COVID-19 impact on packaged food
COVID-19 country impact
Foodservice players and retailers alike embrace online operations
Retailing shift
Foodservice vs retail split
What next for packaged food?

FOODSERVICE

Sales to Foodservice
Footfall remains down as consumers doubt safety of dining in Operating restrictions cause sharp decline in sales to foodservice Pizza popularity allows cheese sales to breathe, while milk demand remains fresh
Consumer Foodservice
Unavoidable losses incurred despite outlets remaining open School closures strongly dampen foodservice performance in convenience stores Mobile app proliferation facilitates surge in demand for home delivery
Category Data
Chart 1 Packaged Food Value Sales Growth Scenarios: 2018-2025 Chart 2 Packaged Food Impact of Drivers on Value Sales: 2017-2025 Table 1 Foodservice Sales of Packaged Food by Category: Volume 2015-2020 Table 2 Foodservice Sales of Packaged Food by Category: % Volume Growth 2015-2020 Table 3 Forecast Foodservice Sales of Packaged Food by Category: Volume 2020-2025 Table 4 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2020-2025

MARKET DATA

Table 5 Sales of Packaged Food by Category: Volume 2015-2020 Table 6 Sales of Packaged Food by Category: Value 2015-2020 Table 7 Sales of Packaged Food by Category: % Volume Growth 2015-2020 Table 8 Sales of Packaged Food by Category: % Value Growth 2015-2020 Table 9 GBO Company Shares of Packaged Food: % Value 2016-2020 Table 10 NBO Company Shares of Packaged Food: % Value 2016-2020 Table 11 LBN Brand Shares of Packaged Food: % Value 2017-2020 Table 12 Penetration of Private Label by Category: % Value 2015-2020 Table 13 Distribution of Packaged Food by Format: % Value 2015-2020 Table 14 Distribution of Packaged Food by Format and Category: % Value 2020 Table 15 Forecast Sales of Packaged Food by Category: Volume 2020-2025 Table 16 Forecast Sales of Packaged Food by Category: Value 2020-2025 Table 17 Forecast Sales of Packaged Food by Category: % Volume Growth 2020-2025 Table 18 Forecast Sales of Packaged Food by Category: % Value Growth 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Summary 1 Research Sources

Chocolate Confectionery in South Korea

KEY DATA FINDINGS

2020 IMPACT

COVID-19 shifts chocolate sales to online channels on Valentine’s Day
Mukbang a major trend in chocolate in South Korea
Ferrero Rocher’s gains help the overall company to recover lost share

RECOVERY AND OPPORTUNITIES

Forecast period retail growth rates will show an improvement on the 2018-2019 performances
Functional/fortified chocolate gains traction, thanks to domestic manufacturers
Increasing competition being seen in countlines
Summary 2 Other Chocolate Confectionery by Product Type: 2020

CATEGORY DATA

Table 19 Sales of Chocolate Confectionery by Category: Volume 2015-2020 Table 20 Sales of Chocolate Confectionery by Category: Value 2015-2020 Table 21 Sales of Chocolate Confectionery by Category: % Volume Growth 2015-2020 Table 22 Sales of Chocolate Confectionery by Category: % Value Growth 2015-2020 Table 23 Sales of Chocolate Tablets by Type: % Value 2015-2020 Table 24 NBO Company Shares of Chocolate Confectionery: % Value 2016-2020 Table 25 LBN Brand Shares of Chocolate Confectionery: % Value 2017-2020 Table 26 Distribution of Chocolate Confectionery by Format: % Value 2015-2020 Table 27 Forecast Sales of Chocolate Confectionery by Category: Volume 2020-2025 Table 28 Forecast Sales of Chocolate Confectionery by Category: Value 2020-2025 Table 29 Forecast Sales of Chocolate Confectionery by Category: % Volume Growth 2020-2025 Table 30 Forecast Sales of Chocolate Confectionery by Category: % Value Growth 2020-2025

Gum in South Korea

KEY DATA FINDINGS

2020 IMPACT

COVID-19 pandemic could drive a slight improvement in the gum performance
Domestic players looking to focus on male consumers in their 30s and 40s
Lotte Confectionery continues to dominate gum through product innovation

RECOVERY AND OPPORTUNITIES

Gum consumption set to register continuous decline over the forecast period
Contraction in fortified/functional gum as consumers shift to other categories
Domestic players look for a breakthrough in antisleeping gum

CATEGORY DATA

Table 31 Sales of Gum by Category: Volume 2015-2020 Table 32 Sales of Gum by Category: Value 2015-2020 Table 33 Sales of Gum by Category: % Volume Growth 2015-2020 Table 34 Sales of Gum by Category: % Value Growth 2015-2020 Table 35 Sales of Gum by Flavour: Rankings 2015-2020 Table 36 NBO Company Shares of Gum: % Value 2016-2020 Table 37 LBN Brand Shares of Gum: % Value 2017-2020 Table 38 Distribution of Gum by Format: % Value 2015-2020 Table 39 Forecast Sales of Gum by Category: Volume 2020-2025 Table 40 Forecast Sales of Gum by Category: Value 2020-2025 Table 41 Forecast Sales of Gum by Category: % Volume Growth 2020-2025 Table 42 Forecast Sales of Gum by Category: % Value Growth 2020-2025

Sugar Confectionery in South Korea

KEY DATA FINDINGS

2020 IMPACT

Standard mints replacing gum among female consumers in their 20s and 30s
Jellies continues to see high levels of innovation
Lotte Confectionery succeeds in expanding the consumer base

RECOVERY AND OPPORTUNITIES

Modest volume and value growth expected for retail sales over the forecast period
Functional ingredients in new product launches by pharmaceutical companies
Orion and Haitai with successful launches of distinctive new products
Summary 3 Other Sugar Confectionery by Product Type: 2020

CATEGORY DATA

Table 43 Sales of Sugar Confectionery by Category: Volume 2015-2020 Table 44 Sales of Sugar Confectionery by Category: Value 2015-2020 Table 45 Sales of Sugar Confectionery by Category: % Volume Growth 2015-2020 Table 46 Sales of Sugar Confectionery by Category: % Value Growth 2015-2020 Table 47 Sales of Pastilles, Gums, Jellies and Chews by Type: % Value 2015-2020 Table 48 NBO Company Shares of Sugar Confectionery: % Value 2016-2020 Table 49 LBN Brand Shares of Sugar Confectionery: % Value 2017-2020 Table 50 Distribution of Sugar Confectionery by Format: % Value 2015-2020 Table 51 Forecast Sales of Sugar Confectionery by Category: Volume 2020-2025 Table 52 Forecast Sales of Sugar Confectionery by Category: Value 2020-2025 Table 53 Forecast Sales of Sugar Confectionery by Category: % Volume Growth 2020-2025 Table 54 Forecast Sales of Sugar Confectionery by Category: % Value Growth 2020-2025

Sweet Biscuits, Snack Bars and Fruit Snacks in South Korea

KEY DATA FINDINGS

2020 IMPACT

Healthy lifestyle trend boosts protein/energy bars
Consumers’ own recipes and habits leading trends in biscuits
Lotte Confectionery’s new trend prediction technology; Orion looking to reinforce its relationship with its customers

RECOVERY AND OPPORTUNITIES

Stagnating retail sales in value and volume terms by the end of the forecast period
COVID-19 serves to further drive the already ongoing shift to e-commerce sales
Dried fruit expected to continue benefiting from increasing health consciousness

CATEGORY DATA

Table 55 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2015-2020 Table 56 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2015-2020 Table 57 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2015-2020 Table 58 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2015-2020 Table 59 NBO Company Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2016-2020 Table 60 LBN Brand Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2017-2020 Table 61 NBO Company Shares of Sweet Biscuits: % Value 2016-2020 Table 62 LBN Brand Shares of Sweet Biscuits: % Value 2017-2020 Table 63 NBO Company Shares of Snack Bars: % Value 2016-2020 Table 64 LBN Brand Shares of Snack Bars: % Value 2017-2020 Table 65 NBO Company Shares of Fruit Snacks: % Value 2016-2020 Table 66 LBN Brand Shares of Fruit Snacks: % Value 2017-2020 Table 67 Distribution of Sweet Biscuits, Snack Bars and Fruit Snacks by Format: % Value 2015-2020 Table 68 Distribution of Sweet Biscuits by Format: % Value 2015-2020 Table 69 Distribution of Snack Bars by Format: % Value 2015-2020 Table 70 Distribution of Fruit Snacks by Format: % Value 2015-2020 Table 71 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2020-2025 Table 72 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2020-2025 Table 73 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2020-2025 Table 74 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2020-2025

Ice Cream and Frozen Desserts in South Korea

KEY DATA FINDINGS

2020 IMPACT

Domestic players team up with convenience stores for brand extensions
Halo Top arrival heralds a new opportunity for low-calorie ice cream in South Korea
Binggrae targeting younger consumers; Häagen-Dazs premium image under threat from other global brands

RECOVERY AND OPPORTUNITIES

Further declines expected in ice cream
Strong growth for e-commerce in ice cream and frozen desserts
Convenience stores expected to continue leading new trends in ice cream

CATEGORY DATA

Table 75 Sales of Ice Cream and Frozen Desserts by Category: Volume 2015-2020 Table 76 Sales of Ice Cream and Frozen Desserts by Category: Value 2015-2020 Table 77 Sales of Ice Cream and Frozen Desserts by Category: % Volume Growth 2015-2020 Table 78 Sales of Ice Cream and Frozen Desserts by Category: % Value Growth 2015-2020 Table 79 Sales of Ice Cream by Leading Flavours: Rankings 2015-2020 Table 80 Sales of Impulse Ice Cream by Format: % Value 2015-2020 Table 81 NBO Company Shares of Ice Cream and Frozen Desserts: % Value 2016-2020 Table 82 LBN Brand Shares of Ice Cream and Frozen Desserts: % Value 2017-2020 Table 83 NBO Company Shares of Ice Cream: % Value 2016-2020 Table 84 LBN Brand Shares of Ice Cream: % Value 2017-2020 Table 85 NBO Company Shares of Impulse Ice Cream: % Value 2016-2020 Table 86 LBN Brand Shares of Impulse Ice Cream: % Value 2017-2020 Table 87 NBO Company Shares of Take-home Ice Cream: % Value 2016-2020 Table 88 LBN Brand Shares of Take-home Ice Cream: % Value 2017-2020 Table 89 NBO Company Shares of Frozen Desserts: % Value 2016-2020 Table 90 LBN Brand Shares of Frozen Desserts: % Value 2017-2020 Table 91 Distribution of Ice Cream and Frozen Desserts by Format: % Value 2015-2020 Table 92 Distribution of Ice Cream by Format: % Value 2015-2020 Table 93 Distribution of Frozen Desserts by Format: % Value 2015-2020 Table 94 Forecast Sales of Ice Cream and Frozen Desserts by Category: Volume 2020-2025 Table 95 Forecast Sales of Ice Cream and Frozen Desserts by Category: Value 2020-2025 Table 96 Forecast Sales of Ice Cream and Frozen Desserts by Category: % Volume Growth 2020-2025 Table 97 Forecast Sales of Ice Cream and Frozen Desserts by Category: % Value Growth 2020-2025

Savoury Snacks in South Korea

KEY DATA FINDINGS

2020 IMPACT

Superior taste is still key in attracting South Korean consumers
Expansion of “one-hand snacks” aimed at digital natives
Leading player Nong Shim looks to brand extensions

RECOVERY AND OPPORTUNITIES

Stagnation expected for retail sales over the forecast period
Vegetable snacks continue to struggle
Further strong growth expected for pretzels
Summary 4 Other Savoury Snacks by Product Type: 2020

CATEGORY DATA

Table 98 Sales of Savoury Snacks by Category: Volume 2015-2020 Table 99 Sales of Savoury Snacks by Category: Value 2015-2020 Table 100 Sales of Savoury Snacks by Category: % Volume Growth 2015-2020 Table 101 Sales of Savoury Snacks by Category: % Value Growth 2015-2020 Table 102 NBO Company Shares of Savoury Snacks: % Value 2016-2020 Table 103 LBN Brand Shares of Savoury Snacks: % Value 2017-2020 Table 104 Distribution of Savoury Snacks by Format: % Value 2015-2020 Table 105 Forecast Sales of Savoury Snacks by Category: Volume 2020-2025 Table 106 Forecast Sales of Savoury Snacks by Category: Value 2020-2025 Table 107 Forecast Sales of Savoury Snacks by Category: % Volume Growth 2020-2025 Table 108 Forecast Sales of Savoury Snacks by Category: % Value Growth 2020-2025

Baby Food in South Korea

KEY DATA FINDINGS

2020 IMPACT

Milk formula sales continue to contract in 2020
COVID-19 positively impacts the demand for prepared baby meals
E-commerce outperforms offline sales channels

RECOVERY AND OPPORTUNITIES

Domestic brands are threatened by both external and internal factors
Deliveries of premium baby meals to drive continued growth in prepared baby food

CATEGORY DATA

Table 109 Sales of Baby Food by Category: Volume 2015-2020 Table 110 Sales of Baby Food by Category: Value 2015-2020 Table 111 Sales of Baby Food by Category: % Volume Growth 2015-2020 Table 112 Sales of Baby Food by Category: % Value Growth 2015-2020 Table 113 NBO Company Shares of Baby Food: % Value 2016-2020 Table 114 LBN Brand Shares of Baby Food: % Value 2017-2020 Table 115 Distribution of Baby Food by Format: % Value 2015-2020 Table 116 Forecast Sales of Baby Food by Category: Volume 2020-2025 Table 117 Forecast Sales of Baby Food by Category: Value 2020-2025 Table 118 Forecast Sales of Baby Food by Category: % Volume Growth 2020-2025 Table 119 Forecast Sales of Baby Food by Category: % Value Growth 2020-2025

Butter and Spreads in South Korea

KEY DATA FINDINGS

2020 IMPACT

Baking-at-home trend during the COVID-19 pandemic positively impacts butter sales
Import butter doing well thanks to South Koreans’ search for natural products
Noticeable but negligible channel shift due to COVID-19

RECOVERY AND OPPORTUNITIES

Strong demand for butter is likely to continue to be seen after the pandemic
Wider product ranges and expanding distribution will drive further growth of imported butter

CATEGORY DATA

Table 120 Sales of Butter and Spreads by Category: Volume 2015-2020 Table 121 Sales of Butter and Spreads by Category: Value 2015-2020 Table 122 Sales of Butter and Spreads by Category: % Volume Growth 2015-2020 Table 123 Sales of Butter and Spreads by Category: % Value Growth 2015-2020 Table 124 NBO Company Shares of Butter and Spreads: % Value 2016-2020 Table 125 LBN Brand Shares of Butter and Spreads: % Value 2017-2020 Table 126 Distribution of Butter and Spreads by Format: % Value 2015-2020 Table 127 Forecast Sales of Butter and Spreads by Category: Volume 2020-2025 Table 128 Forecast Sales of Butter and Spreads by Category: Value 2020-2025 Table 129 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2020-2025 Table 130 Forecast Sales of Butter and Spreads by Category: % Value Growth 2020-2025

Cheese in South Korea

KEY DATA FINDINGS

2020 IMPACT

Increasing home consumption boosts a temporary cheese sales increase
Processed cheese consumption increases as a side snack for wine
Home deliveries help drive a spike in soft cheese sales in the foodservice channel

RECOVERY AND OPPORTUNITIES

A new driving force will be needed to revive a stagnating cheese category in the long term
A shift to online purchases continues to be seen in cheese
Demand for hard cheese could increase due to international travel restrictions

CATEGORY DATA

Table 131 Sales of Cheese by Category: Volume 2015-2020 Table 132 Sales of Cheese by Category: Value 2015-2020 Table 133 Sales of Cheese by Category: % Volume Growth 2015-2020 Table 134 Sales of Cheese by Category: % Value Growth 2015-2020 Table 135 Sales of Spreadable Processed Cheese by Type: % Value 2015-2020 Table 136 Sales of Unprocessed Cheese by Type: % Value 2015-2020 Table 137 NBO Company Shares of Cheese: % Value 2016-2020 Table 138 LBN Brand Shares of Cheese: % Value 2017-2020 Table 139 Distribution of Cheese by Format: % Value 2015-2020 Table 140 Forecast Sales of Cheese by Category: Volume 2020-2025 Table 141 Forecast Sales of Cheese by Category: Value 2020-2025 Table 142 Forecast Sales of Cheese by Category: % Volume Growth 2020-2025 Table 143 Forecast Sales of Cheese by Category: % Value Growth 2020-2025

Drinking Milk Products in South Korea

KEY DATA FINDINGS

2020 IMPACT

Prolonged school closures force down the price of fresh milk
Flavoured milk drinks sales see an unexpected decline as impulse purchases at convenience stores are hit
The pandemic helps drive the trend towards greater online sales

RECOVERY AND OPPORTUNITIES

Consumption patterns will recover but the channel shift will continue to be seen
Shelf stable milk to continue on its growth trend in the post-COVID-19 world
The growing healthy eating trend leads to diversification in fortified soy drinks

CATEGORY DATA

Table 144 Sales of Drinking Milk Products by Category: Volume 2015-2020 Table 145 Sales of Drinking Milk Products by Category: Value 2015-2020 Table 146 Sales of Drinking Milk Products by Category: % Volume Growth 2015-2020 Table 147 Sales of Drinking Milk Products by Category: % Value Growth 2015-2020 Table 148 NBO Company Shares of Drinking Milk Products: % Value 2016-2020 Table 149 LBN Brand Shares of Drinking Milk Products: % Value 2017-2020 Table 150 Distribution of Drinking Milk Products by Format: % Value 2015-2020 Table 151 Forecast Sales of Drinking Milk Products Products by Category: Volume 2020-2025 Table 152 Forecast Sales of Drinking Milk Products Products by Category: Value 2020-2025 Table 153 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2020-2025 Table 154 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2020-2025

Yoghurt and Sour Milk Products in South Korea

KEY DATA FINDINGS

2020 IMPACT

Growth in drinking yoghurt helped by immunity claims in the pandemic
Spoonable yoghurt still maintains its popularity
COVID-19 drives the move to non-contact shopping

RECOVERY AND OPPORTUNITIES

Yoghurt sales to be boosted by impulse sales as a healthy meal replacement at convenience stores
Immunity claims may not be as appealing in a post-COVID-19 world
Offline channels will recover but not to where they were before COVID-19

CATEGORY DATA

Table 155 Sales of Yoghurt and Sour Milk Products by Category: Volume 2015-2020 Table 156 Sales of Yoghurt and Sour Milk Products by Category: Value 2015-2020 Table 157 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2015-2020 Table 158 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2015-2020 Table 159 Sales of Flavoured Yoghurt by Flavour: Rankings 2015-2020 Table 160 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2016-2020 Table 161 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2017-2020 Table 162 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2015-2020 Table 163 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2020-2025 Table 164 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2020-2025 Table 165 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2020-2025 Table 166 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2020-2025

Other Dairy in South Korea

KEY DATA FINDINGS

2020 IMPACT

Home dessert trend impacts the sales of condensed milk
Increasing home consumption drives cream sales
Coffee whiteners struggles despite increased at-home coffee consumption

RECOVERY AND OPPORTUNITIES

Chilled dairy desserts expected to continue declining
A shift to online sales creates an opportunity for imported cream
The growth of sour cream stagnates due to limited product range and distribution

CATEGORY DATA

Table 167 Sales of Other Dairy by Category: Volume 2015-2020 Table 168 Sales of Other Dairy by Category: Value 2015-2020 Table 169 Sales of Other Dairy by Category: % Volume Growth 2015-2020 Table 170 Sales of Other Dairy by Category: % Value Growth 2015-2020 Table 171 Sales of Cream by Type: % Value 2015-2020 Table 172 NBO Company Shares of Other Dairy: % Value 2016-2020 Table 173 LBN Brand Shares of Other Dairy: % Value 2017-2020 Table 174 Distribution of Other Dairy by Format: % Value 2015-2020 Table 175 Forecast Sales of Other Dairy by Category: Volume 2020-2025 Table 176 Forecast Sales of Other Dairy by Category: Value 2020-2025 Table 177 Forecast Sales of Other Dairy by Category: % Volume Growth 2020-2025 Table 178 Forecast Sales of Other Dairy by Category: % Value Growth 2020-2025

Edible Oils in South Korea

KEY DATA FINDINGS

2020 IMPACT

Uptick in sales due to sudden spike in at-home consumption
Contactless national holidays may alter the oil purchase pattern
Increased home consumption drives new demand for different types of edible oils

RECOVERY AND OPPORTUNITIES

New lifestyles and demand for convenience diminishes demand for edible oils for cooking
Demand for new oil formats increases with air fryers
Channel shift continues to stick in the “new normal” era

CATEGORY DATA

Table 179 Sales of Edible Oils by Category: Volume 2015-2020 Table 180 Sales of Edible Oils by Category: Value 2015-2020 Table 181 Sales of Edible Oils by Category: % Volume Growth 2015-2020 Table 182 Sales of Edible Oils by Category: % Value Growth 2015-2020 Table 183 NBO Company Shares of Edible Oils: % Value 2016-2020 Table 184 LBN Brand Shares of Edible Oils: % Value 2017-2020 Table 185 Distribution of Edible Oils by Format: % Value 2015-2020 Table 186 Forecast Sales of Edible Oils by Category: Volume 2020-2025 Table 187 Forecast Sales of Edible Oils by Category: Value 2020-2025 Table 188 Forecast Sales of Edible Oils by Category: % Volume Growth 2020-2025 Table 189 Forecast Sales of Edible Oils by Category: % Value Growth 2020-2025

Ready Meals in South Korea

KEY DATA FINDINGS

2020 IMPACT

Coronavirus extends consumer base for ready meals into family households
Blurring boundaries between restaurant and home-cooked meals
Low-calorie ready meals emerge offering a pleasing alternative during lockdown and frequent curfews

RECOVERY AND OPPORTUNITIES

High quality ready meals may substitute certain foodservice menus
New delivery systems required to retain customers in e-commerce
Dinner mixes may threaten frozen ready meals

CATEGORY DATA

Table 190 Sales of Ready Meals by Category: Volume 2015-2020 Table 191 Sales of Ready Meals by Category: Value 2015-2020 Table 192 Sales of Ready Meals by Category: % Volume Growth 2015-2020 Table 193 Sales of Ready Meals by Category: % Value Growth 2015-2020 Table 194 Sales of Chilled Ready Meals by Ethnicity: % Value 2015-2020 Table 195 Sales of Frozen Ready Meals by Ethnicity: % Value 2015-2020 Table 196 NBO Company Shares of Ready Meals: % Value 2016-2020 Table 197 LBN Brand Shares of Ready Meals: % Value 2017-2020 Table 198 Distribution of Ready Meals by Format: % Value 2015-2020 Table 199 Forecast Sales of Ready Meals by Category: Volume 2020-2025 Table 200 Forecast Sales of Ready Meals by Category: Value 2020-2025 Table 201 Forecast Sales of Ready Meals by Category: % Volume Growth 2020-2025 Table 202 Forecast Sales of Ready Meals by Category: % Value Growth 2020-2025

Sauces, Dressings and Condiments in South Korea

KEY DATA FINDINGS

2020 IMPACT

Cooking ingredients rebounds as the pandemic alters consumers’ dining habits
Demand for exotic sauces may increase due to travel restrictions
Demand for Kimchi increases from households during the pandemic

RECOVERY AND OPPORTUNITIES

Convenience drives consecutive growth in overall sales despite stagnation in traditional categories
Traditional sauces, dressings and condiments leverage an emerging category
Size innovation set to boost product appeal among young generations

CATEGORY DATA

Table 203 Sales of Sauces, Dressings and Condiments by Category: Volume 2015-2020 Table 204 Sales of Sauces, Dressings and Condiments by Category: Value 2015-2020 Table 205 Sales of Sauces, Dressings and Condiments by Category: % Volume Growth 2015-2020 Table 206 Sales of Sauces, Dressings and Condiments by Category: % Value Growth 2015-2020 Table 207 Sales of Cooking Sauces by Type: % Value 2015-2020 Table 208 NBO Company Shares of Sauces, Dressings and Condiments: % Value 2016-2020 Table 209 LBN Brand Shares of Sauces, Dressings and Condiments: % Value 2017-2020 Table 210 Distribution of Sauces, Dressings and Condiments by Format: % Value 2015-2020 Table 211 Forecast Sales of Sauces, Dressings and Condiments by Category: Volume 2020-2025 Table 212 Forecast Sales of Sauces, Dressings and Condiments by Category: Value 2020-2025 Table 213 Forecast Sales of Sauces, Dressings and Condiments by Category: % Volume Growth 2020-2025 Table 214 Forecast Sales of Sauces, Dressings and Condiments by Category: % Value Growth 2020-2025

Sweet Spreads in South Korea

KEY DATA FINDINGS

2020 IMPACT

Sales rebound impacted by increased home consumption
Health concerns spur demand for reduced sugar sweet spreads
Growth in contactless payments accelerates shift in distribution channels

RECOVERY AND OPPORTUNITIES

Sweet spreads return to normal growth patterns once foodservice reopens
Jams and preserves seek breakthrough through packaging innovation
The presence of imported brands grows in chocolate and nut-based spreads

CATEGORY DATA

Table 215 Sales of Sweet Spreads by Category: Volume 2015-2020 Table 216 Sales of Sweet Spreads by Category: Value 2015-2020 Table 217 Sales of Sweet Spreads by Category: % Volume Growth 2015-2020 Table 218 Sales of Sweet Spreads by Category: % Value Growth 2015-2020 Table 219 Sales of Jams and Preserves by Leading Flavours: Rankings 2015-2020 Table 220 NBO Company Shares of Sweet Spreads: % Value 2016-2020 Table 221 LBN Brand Shares of Sweet Spreads: % Value 2017-2020 Table 222 Distribution of Sweet Spreads by Format: % Value 2015-2020 Table 223 Forecast Sales of Sweet Spreads by Category: Volume 2020-2025 Table 224 Forecast Sales of Sweet Spreads by Category: Value 2020-2025 Table 225 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2020-2025 Table 226 Forecast Sales of Sweet Spreads by Category: % Value Growth 2020-2025

Soup in South Korea

KEY DATA FINDINGS

2020 IMPACT

Robust growth observed in shelf stable Korean-style soup and stew
Adverse sales patterns observed in Western-style soups
Company websites emerge as a key channel in e-commerce

RECOVERY AND OPPORTUNITIES

Further growth expected in Korean-style shelf stable soup
The entrance of new players deepens competition in the soup category
Instant soup redeems its position for breakfast consumption moments

CATEGORY DATA

Table 227 Sales of Soup by Category: Volume 2015-2020 Table 228 Sales of Soup by Category: Value 2015-2020 Table 229 Sales of Soup by Category: % Volume Growth 2015-2020 Table 230 Sales of Soup by Category: % Value Growth 2015-2020 Table 231 Sales of Soup by Leading Flavours: Rankings 2015-2020 Table 232 NBO Company Shares of Soup: % Value 2016-2020 Table 233 LBN Brand Shares of Soup: % Value 2017-2020 Table 234 Distribution of Soup by Format: % Value 2015-2020 Table 235 Forecast Sales of Soup by Category: Volume 2020-2025 Table 236 Forecast Sales of Soup by Category: Value 2020-2025 Table 237 Forecast Sales of Soup by Category: % Volume Growth 2020-2025 Table 238 Forecast Sales of Soup by Category: % Value Growth 2020-2025

Baked Goods in South Korea

KEY DATA FINDINGS

2020 IMPACT

COVID-19 increases the growth rates of packaged baked goods
COVID-19 thrusts small local bakeries into e-commerce
Dynamic growth for frozen baked goods as more consumers bake at home

RECOVERY AND OPPORTUNITIES

Continuous growth is expected for both packaged and unpackaged baked goods
Dessert mixes set to lose competitiveness, threatened by other categories
E-commerce becomes a must-have for all players in baked goods

CATEGORY DATA

Table 239 Sales of Baked Goods by Category: Volume 2015-2020 Table 240 Sales of Baked Goods by Category: Value 2015-2020 Table 241 Sales of Baked Goods by Category: % Volume Growth 2015-2020 Table 242 Sales of Baked Goods by Category: % Value Growth 2015-2020 Table 243 NBO Company Shares of Baked Goods: % Value 2016-2020 Table 244 LBN Brand Shares of Baked Goods: % Value 2017-2020 Table 245 Distribution of Baked Goods by Format: % Value 2015-2020 Table 246 Forecast Sales of Baked Goods by Category: Volume 2020-2025 Table 247 Forecast Sales of Baked Goods by Category: Value 2020-2025 Table 248 Forecast Sales of Baked Goods by Category: % Volume Growth 2020-2025 Table 249 Forecast Sales of Baked Goods by Category: % Value Growth 2020-2025

Breakfast Cereals in South Korea

KEY DATA FINDINGS

2020 IMPACT

COVID-19 contributes to increasing sales of all breakfast cereals
Healthy eating trend increases demand for hot cereals and muesli and granola
Dongsuh Foods and Nong Shim Kellogg dominate but see falling shares

RECOVERY AND OPPORTUNITIES

Hot cereals will need a new strategy to stay relevant in the market
A new driving force required to for puffed cereals
Mounting competition set to limit unit price increases for muesli and granola

CATEGORY DATA

Table 250 Sales of Breakfast Cereals by Category: Volume 2015-2020 Table 251 Sales of Breakfast Cereals by Category: Value 2015-2020 Table 252 Sales of Breakfast Cereals by Category: % Volume Growth 2015-2020 Table 253 Sales of Breakfast Cereals by Category: % Value Growth 2015-2020 Table 254 NBO Company Shares of Breakfast Cereals: % Value 2016-2020 Table 255 LBN Brand Shares of Breakfast Cereals: % Value 2017-2020 Table 256 Distribution of Breakfast Cereals by Format: % Value 2015-2020 Table 257 Forecast Sales of Breakfast Cereals by Category: Volume 2020-2025 Table 258 Forecast Sales of Breakfast Cereals by Category: Value 2020-2025 Table 259 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2020-2025 Table 260 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2020-2025

Processed Meat and Seafood in South Korea

KEY DATA FINDINGS

2020 IMPACT

Sales spike observed in retail sales of processed meat and seafood
National holiday consumption patterns altered by COVID-19, and growth for tofu
CJ Cheiljedang maintains its lead and new entrants in meat substitutes

RECOVERY AND OPPORTUNITIES

Frozen processed meat will continue to grow along with sales of air fryers
Mounting competition is expected in high-protein foods
The entry of domestic players set to fuel growth in frozen meat substitutes

CATEGORY DATA

Table 261 Sales of Processed Meat and Seafood by Category: Volume 2015-2020 Table 262 Sales of Processed Meat and Seafood by Category: Value 2015-2020 Table 263 Sales of Processed Meat and Seafood by Category: % Volume Growth 2015-2020 Table 264 Sales of Processed Meat and Seafood by Category: % Value Growth 2015-2020 Table 265 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2015-2020 Table 266 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2015-2020 Table 267 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2015-2020 Table 268 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2015-2020 Table 269 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2015-2020 Table 270 NBO Company Shares of Processed Meat and Seafood: % Value 2016-2020 Table 271 LBN Brand Shares of Processed Meat and Seafood: % Value 2017-2020 Table 272 Distribution of Processed Meat and Seafood by Format: % Value 2015-2020 Table 273 Forecast Sales of Processed Meat and Seafood by Category: Volume 2020-2025 Table 274 Forecast Sales of Processed Meat and Seafood by Category: Value 2020-2025 Table 275 Forecast Sales of Processed Meat and Seafood by Category: % Volume Growth 2020-2025 Table 276 Forecast Sales of Processed Meat and Seafood by Category: % Value Growth 2020-2025

Processed Fruit and Vegetables in South Korea

KEY DATA FINDINGS

2020 IMPACT

Sales of processed fruit rebound under the growing home desserts culture
Shelf stable fruit continues to grow in foodservice
All the leaders grow their shares as consumers turn to trusted brands

RECOVERY AND OPPORTUNITIES

A bounce-back to growth for foodservice
Healthy snacking will drive growth of healthier shelf-stable fruits
Convenience set to boost sales of frozen processed fruit and vegetables

CATEGORY DATA

Table 277 Sales of Processed Fruit and Vegetables by Category: Volume 2015-2020 Table 278 Sales of Processed Fruit and Vegetables by Category: Value 2015-2020 Table 279 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2015-2020 Table 280 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2015-2020 Table 281 NBO Company Shares of Processed Fruit and Vegetables: % Value 2016-2020 Table 282 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2017-2020 Table 283 Distribution of Processed Fruit and Vegetables by Format: % Value 2015-2020 Table 284 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2020-2025 Table 285 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2020-2025 Table 286 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2020-2025 Table 287 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2020-2025

Rice, Pasta and Noodles in South Korea

KEY DATA FINDINGS

2020 IMPACT

The increase in home cooking increases retail volume growth
Different sales patterns are observed in instant noodles
Rice consumption soars due to COVID-19

RECOVERY AND OPPORTUNITIES

Dinner mixes will threaten growth
Consumers are increasingly seeking more value in instant noodles
Carbohydrate alternatives could hamper the growth of rice

CATEGORY DATA

Table 288 Sales of Rice, Pasta and Noodles by Category: Volume 2015-2020 Table 289 Sales of Rice, Pasta and Noodles by Category: Value 2015-2020 Table 290 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2015-2020 Table 291 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2015-2020 Table 292 Sales of Instant Noodles by Leading Flavours: Rankings 2015-2020 Table 293 NBO Company Shares of Rice, Pasta and Noodles: % Value 2016-2020 Table 294 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2017-2020 Table 295 NBO Company Shares of Rice: % Value 2016-2020 Table 296 LBN Brand Shares of Rice: % Value 2017-2020 Table 297 NBO Company Shares of Pasta: % Value 2016-2020 Table 298 LBN Brand Shares of Pasta: % Value 2017-2020 Table 299 NBO Company Shares of Noodles: % Value 2016-2020 Table 300 LBN Brand Shares of Noodles: % Value 2017-2020 Table 301 Distribution of Rice, Pasta and Noodles by Format: % Value 2015-2020 Table 302 Distribution of Rice by Format: % Value 2015-2020 Table 303 Distribution of Pasta by Format: % Value 2015-2020 Table 304 Distribution of Noodles by Format: % Value 2015-2020 Table 305 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2020-2025 Table 306 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2020-2025 Table 307 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2020-2025 Table 308 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2020-2025
Share:

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 report originates from Passport, our Packaged Food research and analysis database.

NEW REPORT GUARANTEE

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Home Page