Executive Summary

Dec 2018
PROSPECTS
Frozen posts healthy growth in processed meat and seafood overall

Under the popular HMR (home meal replacement) trend in South Korea, convenient processed meat and seafood requiring only heating in a microwave drives healthy growth of processed meat and seafood overall. For example, frozen processed red meat was previously considered as meat patties, but side meat dishes for consumption when drinking are now very popular, and the number of products proliferated in 2018.

Health and weight management boosts chilled poultry

Health-conscious consumers drive strong performance of chilled processed poultry in 2018. In South Korea, the chicken fast food foodservice channel is particularly large, which has constrained the ability of processed poultry to grow.

Canned ham still drives healthy growth in shelf stable meat

Shelf stable meat continues to increase despite lingering concerns that canned ham and shelf stable sausage contain chemical ingredients. Canned ham was established as a premium food in South Korea in the mid-1950s when imported canned ham appeared in South Korea for the first time, and this perception has yet to change.

COMPETITIVE LANDSCAPE
CJ Cheiljedang maintains leading position in processed meat

CJ Cheiljedang maintains the leading position in processed meat and seafood overall. The company ranks as the largest player across all processed meat with the brand equity of Spam, Beksul and The Healthier Ham included under other CJ Cheiljedang brands.

Shelf stable seafood falls and chilled seafood rises

Dongwon F&B maintains the leading position within processed seafood despite losing marginal value share in 2018. Shelf stable seafood accounts for over half of total processed seafood by value, and shelf stable seafood includes canned tuna, canned salmon, canned whelk, canned mackerel pike etc.

Tofu is considered separately from meat substitutes in South Korea

In meat substitutes, Pulmuone and CJ Cheiljedang record dominant positions in tofu. In South Korea, tofu is widely and regularly used for pancakes and in stews or soups.

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Processed Meat and Seafood in South Korea

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Overview

Discover the latest market trends and uncover sources of future market growth for the Processed Meat and Seafood 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 Processed Meat and Seafood industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Processed Meat and Seafood 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 Processed Meat and Seafood in South Korea?
  • What are the major brands in South Korea?
  • Which dietary supplement grew the fastest in the past year?

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.

Processed Meat and Seafood in South Korea - Category analysis

HEADLINES

PROSPECTS

Frozen posts healthy growth in processed meat and seafood overall
Health and weight management boosts chilled poultry
Canned ham still drives healthy growth in shelf stable meat

COMPETITIVE LANDSCAPE

CJ Cheiljedang maintains leading position in processed meat
Shelf stable seafood falls and chilled seafood rises
Tofu is considered separately from meat substitutes in South Korea

CATEGORY DATA

Table 1 Sales of Processed Meat and Seafood by Category: Volume 2013-2018
Table 2 Sales of Processed Meat and Seafood by Category: Value 2013-2018
Table 3 Sales of Processed Meat and Seafood by Category: % Volume Growth 2013-2018
Table 4 Sales of Processed Meat and Seafood by Category: % Value Growth 2013-2018
Table 5 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2013-2018
Table 6 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2013-2018
Table 7 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2013-2018
Table 8 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2013-2018
Table 9 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2013-2018
Table 10 NBO Company Shares of Processed Meat and Seafood: % Value 2014-2018
Table 11 LBN Brand Shares of Processed Meat and Seafood: % Value 2015-2018
Table 12 Distribution of Processed Meat and Seafood by Format: % Value 2013-2018
Table 13 Forecast Sales of Processed Meat and Seafood by Category: Volume 2018-2023
Table 14 Forecast Sales of Processed Meat and Seafood by Category: Value 2018-2023
Table 15 Forecast Sales of Processed Meat and Seafood by Category: % Volume Growth 2018-2023
Table 16 Forecast Sales of Processed Meat and Seafood by Category: % Value Growth 2018-2023

Packaged Food in South Korea - Industry Overview

EXECUTIVE SUMMARY

Consumers continue to snack outside but eat meals at home
Home meal replacement products lead growth
CJ CheilJedang continues to lead packaged food, followed by Lotte Confectionery
Hypermarkets losing sales to convenience stores and internet retailers
Home meal replacement trend fuelling slight growth

FOODSERVICE

Sales to Foodservice
Growing popularity of snacking areas in cafés and bars
Changing alcohol consumption trends boosting sales
Ready meals foodservice sales boosted by HMR trend
Consumer Foodservice
Rising demand for quality boosts value sales per outlet
Booming demand for home meal replacements in convenience stores
Rising demand for coffee among busy consumers
Category Data
Table 17 Foodservice Sales of Packaged Food by Category: Volume 2013-2018
Table 18 Foodservice Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 19 Forecast Foodservice Sales of Packaged Food by Category: Volume 2018-2023
Table 20 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2018-2023

MARKET DATA

Table 21 Sales of Packaged Food by Category: Volume 2013-2018
Table 22 Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 23 Sales of Packaged Food by Category: % Value Growth 2013-2018
Table 24 GBO Company Shares of Packaged Food: % Value 2014-2018
Table 25 NBO Company Shares of Packaged Food: % Value 2014-2018
Table 26 LBN Brand Shares of Packaged Food: % Value 2015-2018
Table 27 Penetration of Private Label by Category: % Value 2013-2018
Table 28 Distribution of Packaged Food by Format: % Value 2013-2018
Table 29 Distribution of Packaged Food by Format and Category: % Value 2018
Table 30 Forecast Sales of Packaged Food by Category: Volume 2018-2023
Table 31 Forecast Sales of Packaged Food by Category: Value 2018-2023
Table 32 Forecast Sales of Packaged Food by Category: % Volume Growth 2018-2023
Table 33 Forecast Sales of Packaged Food by Category: % Value Growth 2018-2023

DEFINITIONS

SOURCES

Summary 1 Research Sources