Executive Summary

Mar 2019
PROSPECTS
Independent small grocery retailers decline in South Korea

Traditional grocery retailers keep decreasing, due to the rapid growth of modern grocery retailers and online grocery retailing. As many modern grocery retailers are under several large retailing giants in South Korea, which can adapt to the latest trends and release new marketing campaigns such as loyalty membership programmes and discount promotions due to sufficient resources from mother groups, traditional grocery retailers are losing competitiveness against modern grocery retailers.

Government regulation keeps trying to boost traditional grocery retailers, but with doubtful results

Since traditional grocery retailers are threatened by the expansion of the modern grocery retailers and rapid increasing of internet retailing, the South Korean government is trying to limit the operating hours of modern grocery retailers and opening of the new outlets operated by large companies. The government already regulates the days of operation for supermarkets and hypermarkets that are owned by large retailing companies.

Consumers nevertheless find modern grocery retailers more attractive

However, regardless of the government effort, sales and number of outlets of traditional grocery retailers are constantly decreasing. Whilst the association representing small grocery retailers has complained and protested against the increase in the number of modern grocery retailers in South Korea, South Korean consumers still find modern grocery retailers much more attractive due to various promotions and loyalty programmes.

COMPETITIVE LANDSCAPE
Modern grocery retailers are absorbing traditional grocery retailers in South Korea

As modern grocery retailers are expanding the wine corner in their outlets and consumers can shop for wine and spirits whilst they are doing grocery shopping, wine and drink specialist retailers such as Winenara and Kaja & Wine keep being threatened by modern grocery retailers.

Mobile payment system might positively impact small and independent grocers

Seoul city government is planning to launch a mobile simple payment platform based on the QR code payment system to benefit small and independent business. Since South Korea consumers mostly use financial cards rather than cash in daily life, smaller retailers are suffering from the high fee that financial cards companies charge.

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OVERVIEW

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

The Traditional Grocery Retailers in South Korea market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed market shares for international and locally-based retailers
  • 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: 

  • How are Traditional Grocery Retailers performing in South Korea?
  • How are current trends influencing consumers buying decisions?
  • Are independent and family run stores coming under pressure in South Korea?
WHY BUY THIS REPORT?
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  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our 

Retailing market research database

Traditional Grocery Retailers in South Korea - Category analysis

HEADLINES

PROSPECTS

Independent small grocery retailers decline in South Korea
Government regulation keeps trying to boost traditional grocery retailers, but with doubtful results
Consumers nevertheless find modern grocery retailers more attractive

COMPETITIVE LANDSCAPE

Modern grocery retailers are absorbing traditional grocery retailers in South Korea
Mobile payment system might positively impact small and independent grocers

CHANNEL DATA

Table 1 Traditional Grocery Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 2 Traditional Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 3 Sales in Traditional Grocery Retailers by Channel: Value 2013-2018
Table 4 Sales in Traditional Grocery Retailers by Channel: % Value Growth 2013-2018
Table 5 Traditional Grocery Retailers Outlets by Channel: Units 2013-2018
Table 6 Traditional Grocery Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 7 Traditional Grocery Retailers GBO Company Shares: % Value 2014-2018
Table 8 Traditional Grocery Retailers GBN Brand Shares: % Value 2015-2018
Table 9 Traditional Grocery Retailers LBN Brand Shares: Outlets 2015-2018
Table 10 Traditional Grocery Retailers LBN Brand Shares: Selling Space 2015-2018
Table 11 Traditional Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 12 Traditional Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 13 Forecast Sales in Traditional Grocery Retailers by Channel: Value 2018-2023
Table 14 Forecast Sales in Traditional Grocery Retailers by Channel: % Value Growth 2018-2023
Table 15 Forecast Traditional Grocery Retailers Outlets by Channel: Units 2018-2023
Table 16 Forecast Traditional Grocery Retailers Outlets by Channel: % Unit Growth 2018-2023

Retailing in South Korea - Industry Overview

EXECUTIVE SUMMARY

Lifestyle changes are affecting retailing channels
Significant increase of mobile internet retailing
With low consumer confidence in spending, consumers still seek value-for-money products
New concepts with advanced technology are developing
Multi-complex shopping centres with hybrid outlets are in trend

OPERATING ENVIRONMENT

Informal retailing
Opening hours
Summary 1 Standard Opening Hours by Channel Type
Physical retail landscape
Cash and carry
Seasonality
Summer Discount Sales
South Korea’s Thanksgiving Day, Chuseok
Payments and delivery
Emerging business models

MARKET DATA

Table 17 Sales in Retailing by Store-based vs Non-Store: Value 2013-2018
Table 18 Sales in Retailing by Store-based vs Non-Store: % Value Growth 2013-2018
Table 19 Sales in Store-based Retailing by Channel: Value 2013-2018
Table 20 Sales in Store-based Retailing by Channel: % Value Growth 2013-2018
Table 21 Store-based Retailing Outlets by Channel: Units 2013-2018
Table 22 Store-based Retailing Outlets by Channel: % Unit Growth 2013-2018
Table 23 Sales in Non-Store Retailing by Channel: Value 2013-2018
Table 24 Sales in Non-Store Retailing by Channel: % Value Growth 2013-2018
Table 25 Grocery Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 26 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 27 Sales in Grocery Retailers by Channel: Value 2013-2018
Table 28 Grocery Retailers Outlets by Channel: Units 2013-2018
Table 29 Grocery Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 30 Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2013-2018
Table 31 Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 32 Sales in Non-Grocery Specialists by Channel: Value 2013-2018
Table 33 Sales in Non-Grocery Specialists by Channel: % Value Growth 2013-2018
Table 34 Non-Grocery Specialists Outlets by Channel: Units 2013-2018
Table 35 Non-Grocery Specialists Outlets by Channel: % Unit Growth 2013-2018
Table 36 Mixed Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 37 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 38 Sales in Mixed Retailers by Channel: Value 2013-2018
Table 39 Sales in Mixed Retailers by Channel: % Value Growth 2013-2018
Table 40 Mixed Retailers Outlets by Channel: Units 2013-2018
Table 41 Mixed Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 42 Retailing GBO Company Shares: % Value 2014-2018
Table 43 Retailing GBN Brand Shares: % Value 2015-2018
Table 44 Store-based Retailing GBO Company Shares: % Value 2014-2018
Table 45 Store-based Retailing GBN Brand Shares: % Value 2015-2018
Table 46 Store-based Retailing LBN Brand Shares: Outlets 2015-2018
Table 47 Non-Store Retailing GBO Company Shares: % Value 2014-2018
Table 48 Non-Store Retailing GBN Brand Shares: % Value 2015-2018
Table 49 Grocery Retailers GBO Company Shares: % Value 2014-2018
Table 50 Grocery Retailers GBN Brand Shares: % Value 2015-2018
Table 51 Grocery Retailers LBN Brand Shares: Outlets 2015-2018
Table 52 Grocery Retailers LBN Brand Shares: Selling Space 2015-2018
Table 53 Non-Grocery Specialists GBO Company Shares: % Value 2014-2018
Table 54 Non-Grocery Specialists GBN Brand Shares: % Value 2015-2018
Table 55 Non-Grocery Specialists LBN Brand Shares: Outlets 2015-2018
Table 56 Non-Grocery Specialists LBN Brand Shares: Selling Space 2015-2018
Table 57 Mixed Retailers GBO Company Shares: % Value 2014-2018
Table 58 Mixed Retailers GBN Brand Shares: % Value 2015-2018
Table 59 Mixed Retailers LBN Brand Shares: Outlets 2015-2018
Table 60 Mixed Retailers LBN Brand Shares: Selling Space 2015-2018
Table 61 Forecast Sales in Retailing by Store-based vs Non-Store: Value 2018-2023
Table 62 Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2018-2023
Table 63 Forecast Sales in Store-based Retailing by Channel: Value 2018-2023
Table 64 Forecast Sales in Store-based Retailing by Channel: % Value Growth 2018-2023
Table 65 Forecast Store-based Retailing Outlets by Channel: Units 2018-2023
Table 66 Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2018-2023
Table 67 Forecast Sales in Non-Store Retailing by Channel: Value 2018-2023
Table 68 Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2018-2023
Table 69 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 70 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 71 Forecast Sales in Grocery Retailers by Channel: Value 2018-2023
Table 72 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2018-2023
Table 73 Forecast Grocery Retailers Outlets by Channel: Units 2018-2023
Table 74 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2018-2023
Table 75 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 76 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 77 Forecast Sales in Non-Grocery Specialists by Channel: Value 2018-2023
Table 78 Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2018-2023
Table 79 Forecast Non-Grocery Specialists Outlets by Channel: Units 2018-2023
Table 80 Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2018-2023
Table 81 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 82 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 83 Forecast Sales in Mixed Retailers by Channel: Value 2018-2023
Table 84 Forecast Sales in Mixed Retailers by Channel: % Value Growth 2018-2023
Table 85 Forecast Mixed Retailers Outlets by Channel: Units 2018-2023
Table 86 Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2018-2023

DEFINITIONS

SOURCES

Summary 2 Research Sources