South Korea – The Future of Foodservice to 2023

2019-03-20
Price :
Published : Mar-2019
No. of Pages : 141

South Korea – The Future of Foodservice to 2023

Summary

“South Korea – The Future of Foodservice to 2023”, published by GlobalData provides extensive insight and analysis of the Romanian Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.

South Korean foodservice profit sector grew at a CAGR of 3.5% between 2016 and 2018 and is set to accelerate slightly to 3.6% over the next five years. Growth in all channels between 2016 and 2018 was driven to a greater extent by growth in transaction numbers than growth in outlet numbers. The OSR channel has a high penetration of chain operators when compared to other restaurant channels. Both locally grown and international operators have significant shares in the QSR channel. Moreover, eating out at FSR for family and social gathering is a norm for the majority of South Koreans. Younger consumers tend to eat at FSR for socializing with friends, whilst older consumers do so for family outings. Group dining yields higher transaction values maintaining revenue growth in the channel.

The report includes –
– Overview of South Korea’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on South Korea’s foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
– Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shops, Pubs, Clubs and Bars) within South Korea’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
– Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the South Korean population.
– Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
– Case Studies: Learn from examples of recent successes and failures within the South Korean foodservice market.

Scope

– Growth can be characterized by a general increase in the country’s economic performance, in the year 2018, which has led to increase in consumer spending for dining out of the South Koreans. Furthermore, demand for convenience by the rapidly growing busier Koreans and the changing lifestyles compelled by increasing workforce and little time to cook food at home along with a rising tendency to eat out more have contributed well to the foodservice’s profit sector growth in recent years.
– Digital shopping has encouraged consumers to shop smarter, and now this is expected everywhere they visit. McDonald’s South Korea has led the market by introducing digital ordering systems to reduce waiting times and streamline consumers visits to outlets.
– Changing taste preferences and a focus on value, quality and innovative products also drove visits to the channel. FSR in South Korea will compete on a variety of quality and value based factors in order to survive.

Reasons to buy

– Specific forecasts of the foodservice market over the next five years (2018-2023) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
– Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within South Korea’s foodservice market.

Filed in: Food & Beverage, Food Service
Publisher : GlobalData
More Reports
Title Price Buy Now

Seed Market by Type (Genetically Modified and Conventional), Trait (Herbicide Tolerance and Insect Resistance), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), and Region – Global Forecast to 2025

The increasing need for food & feed supports the growth of the seeds market. The global seed market size is estimated to be valued at USD 59.3 billion in 2020 and is projected to reach USD 80.9 billion by 2025, recording a CAGR of 6.4%. Factors such as increasing utilization of cereals & grains in the feed, food, and biofuels industry alongside growing technological advancements such as the adoption of hybridization and genetically modified seeds are propelling the growth of the seeds industry. The recent COVID-19 pandemic is expected to impact the global seeds industry.Many countries have adopted several emergency measures to adapt to the COVID-19 crisis. These measures range from closing borders and public institutions, as well as isolating homes, communities, and the total......
$4950

Japan Soups – Market Assessment and Forecasts to 2024

Japan Soups - Market Assessment and Forecasts to 2024 Summary The Japanese soup sector was led by the dried soups (mixes) category in both the value and volume terms in 2019, while frozen soup category is forecast to register fastest value and volume growth during 2019-2024. Hypermarkets & supermarkets was the leading channel for distribution of soups in the country. Flexible packaging is the most commonly used pack material in the Japanese soups sector. It was followed by rigid metal and rigid plastics. Unilever, Pokka Corporation, and Campbells Soup Company are the leading players in the industry. This report on the Soups sector in Japan provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data a......
$875

United States Soups – Market Assessment and Forecasts to 2024

United States Soups - Market Assessment and Forecasts to 2024 Summary The US soups sector is led by the ambient soup category in the both value and volume terms in 2019, while frozen soup category is expected to register the fastest value and volume growth during 2019-2024. Hypermarkets & supermarkets is the leading channel for distribution of soups in the country. Rigid metal is the most commonly used pack material in Italian soups sector. Older consumers (55+ years) accounted for the highest consumption of soups in the country. Campbells Soup Company, General Mills, Inc., and Hormel Foods Corporation are the leading players in the sector. This report on the Soups sector in US provides insights on high growth markets to target, trends in the usage of packaging materials, types and clos......
$875

Plant-based Protein Market by Source (Soy, Wheat, and Pea), Type (Isolates, Concentrates, and Textured), Form (Dry and Liquid), Application (Food and Feed), and Region (North America, Europe, APAC, South America, RoW) – Global Forecast to 2025

“Innovations & Developments in plant-based protein augmenting the vegan trend, which in turn driving the market for plant-based protein.” The global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 14.5 billion by 2025, in terms of value, recording a compound annual growth rate (CAGR) of 7.1% during the forecast period. Some of the major factors driving the growth of the plant-based protein market include growing demand in the food industry, increasing demand for pea-based protein, and the opportunity to expand in the high growth potential markets. “The food segment is projected to dominate the plant-based protein market throughout the forecast period.” The food segment is projected to dominate the plant-based protein market, by......
$4950

Chile Soups – Market Assessment and Forecasts to 2024

Chile Soups - Market Assessment and Forecasts to 2024 Summary The Chilean soup sector was led by the dried soups (mixes) category in both the value and volume terms in 2019, while frozen soup category is forecast to register fastest value growth during 2019-2024. Convenience stores was the leading channel for distribution of soups in the country. Flexible packaging is the most commonly used pack material in the Chilean soups sector. Kids & babies (0-15 years) accounted for the highest consumption of soup products in the country. Nestle SA, Good Food Sa, and Unilever are the leading players in the industry. This report on the Soups sector in Chile provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution......
$875

South Korea Soups – Market Assessment and Forecasts to 2024

South Korea Soups - Market Assessment and Forecasts to 2024 Summary The South Korean soups sector was led by dried soup (mixes) category in both value and volume terms in 2019. However, the frozen soup category is forecast to register fastest value and volume growth during 2019-2024. Hypermarkets & supermarkets is the leading channel for distribution of soups products in the country. Flexible packaging was the most commonly used pack material in South Korea. Ottogi Co, Ltd, Ajinomoto Group and Daesang are the top three companies in the South Korean soups sector. This report on the Soups sector in the South Korea provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. ......
$875

India Soups – Market Assessment and Forecasts to 2024

India Soups - Market Assessment and Forecasts to 2024 Summary Indian soups sector is led by the dried soup (mixes) category in both the value and volume terms and the category is also expected to register the fastest value and volume growth during 2019-2024. Convenience stores is the leading channel for distribution of soups in the country. Flexible packaging is the most commonly used pack material in Indian soups sector. Unilever, Nestle SA and Capital Foods Limited are the leading players in the sector. This report on the Soups sector in India provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. What else is contained? - Sector data: Overall sector value and vo......
$875

Malaysia Soups – Market Assessment and Forecasts to 2024

Malaysia Soups - Market Assessment and Forecasts to 2024 Summary Malaysia soups sector is led by the ambient soup category in the value terms in 2019, while dried soup (mixes), is expected to register the fastest value growth during 2019-2024. Hypermarkets & supermarkets is the leading channel for distribution of soups in the country. Flexible packaging is the most commonly used pack material in Malaysian soups sector. Campbells Soup Company, The Kraft Heinz Co, and Nestle SA are the leading players in the sector. This report on the Soups sector in Malaysia provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. What else is contained? - Sector data: Overall sector ......
$875

South Africa Soups – Market Assessment and Forecasts to 2024

South Africa Soups - Market Assessment and Forecasts to 2024 Summary The South African soups sector is led by the dried soup (mixes) category in both value and volume terms in 2019. The frozen soup category is forecast to register the fastest value growth during 2019-2024. Hypermarkets & supermarkets is the leading channel in distribution of soups in the country. Unilever, Mars, Incorporated and Denny Mushrooms (Pty) Ltd are the leading companies in the South African soups sector. Flexible packaging is the most commonly used pack material in the sector. This report on the soups sector in South Africa provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. What else i......
$875

Spain Soups – Market Assessment and Forecasts to 2024

Spain Soups - Market Assessment and Forecasts to 2024 Summary The Spanish soups sector was led by the chilled soup category in both value and volume terms in 2019, while the frozen soup category is forecast to register fastest value and volume growth during 2019-2024. Hypermarkets & supermarkets was the leading channel for distribution of soups in the country. Flexible packaging was the commonly used pack material in the country. Gallina Blanca SA, Unilever and PepsiCo are the leading players in the industry. This report on the Soups sector in Spanish provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. What else is contained? - Sector data: Overall sector value ......
$875
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy