With production value of USD2.7 billion, South Korea accounts for 0.6% of the Asia Pacific total in 2024. The industry’s exports share increases in 2024 to 2.8% of total production output. The industry’s profitability decreases and stands at 7.3% of production value in 2024, the 11th highest regionally. The costs of the industry decrease by 9.7% in 2024, largely driven by declining B2B costs. The total number of companies decreases in 2024, to 6,854 units. The industry is concentrated, with the top five companies generating 97.1% of total production value in 2024. CJ Cheiljedang Corp is the largest company in South Korea, generating 47.3% of the industry’s total production value in 2024. South Korea has the ninth largest market size for vegetable and animal oils and fats regionally, with demand reaching USD6.5 billion in 2024. B2B drives market demand, with B2B spending representing 88.4% of total demand in 2024. The market is dominated by foreign suppliers, as imports account for 52.4% of total market size in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Vegetable and Animal Oils and Fats in South Korea: ISIC 1514. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Vegetable and Animal Oils and Fats in South Korea: ISIC 1514 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Food, Beverages and Tobacco in South Korea report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Food, Beverages and Tobacco?
- How the Food, Beverages and Tobacco will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Vegetable and Animal Oils and Fats in South Korea: ISIC 1514
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MARKET OVERVIEW
Food, Beverages and Tobacco
This is the aggregation of food, beverages, and tobacco products.
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