South Korea Prepared Meals

South Korea Prepared Meals

Summary

The South Korean prepared meals sector is led by the ‘ready meals’ category in both value and volume terms, and the category is also expected to register the fastest value and volume growth during 2018-2023. Hypermarkets and supermarkets is the leading channel for the distribution of prepared meals products in the country. Rigid plastics are the most commonly used pack material in the sector. CJ Group, Ottogi Co Ltd and Dongwon F&B are the top three companies in the South Korean prepared meals sector.

GlobalData’s Country Profile report on the Prepared Meals sector in South Korea provides insights on high growth categories to target, trends in the usage of package materials, category level distribution channel data and market share of brands.

Scope

- The South Korean prepared meals sector expected to grow at 3.7% Ready meals category was the expected to grow highest. Hypermarkets & supermarkets accounted for the highest distribution. Older consumers have accounted for highest consumption

Reasons to buy

- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
- Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rurral-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.