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Cheese in South Korea

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    Report

  • 20 Pages
  • September 2023
  • Region: South Korea
  • Euromonitor International
  • ID: 1541511
In 2023, cheese in South Korea is expected to continue to thrive in retail current value terms, building on the positive growth observed in the previous year. However, a notable opposite trend has emerged in volume terms, as all cheese categories (except hard cheese), are set to experience declines in volume sales in 2023, despite the expectation of an increase in overall value sales.

The Cheese in South Korea report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in 2023 directly informs the forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Hard Cheese, Processed Cheese excl Spreadable, Soft Cheese, Spreadable Cheese.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Cheese market
  • Pinpoint growth sectors and identify factors driving change
  • Understand the competitive environment, the market’s major players and leading brands
  • Use five-year forecasts to assess how the market is predicted to develop
The analyst has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, The analyst has a unique capability to develop reliable information resources to help drive informed strategic planning.

Table of Contents

KEY DATA FINDINGS
2023 DEVELOPMENTS
  • A shift in consumer behaviour brings a strong decline in volume sales
  • Lack of a proactive approach to new product development
  • Cream cheese thrives in foodservice due to wide flavour variety
PROSPECTS AND OPPORTUNITIES
  • Broadening of consumption occasions needed to maintain cheese sales in the future
  • Protein will increasingly be incorporated in cheese due to the ageing population
  • A new driving force will be required to boost sales of hard cheese in the longer term
CATEGORY DATA
  • Table 1 Sales of Cheese by Category: Volume 2018-2023
  • Table 2 Sales of Cheese by Category: Value 2018-2023
  • Table 3 Sales of Cheese by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Cheese by Category: % Value Growth 2018-2023
  • Table 5 Sales of Spreadable Processed Cheese by Type: % Value 2018-2023
  • Table 6 Sales of Soft Cheese by Type: % Value 2018-2023
  • Table 7 Sales of Hard Cheese by Type: % Value 2018-2023
  • Table 8 NBO Company Shares of Cheese: % Value 2019-2023
  • Table 9 LBN Brand Shares of Cheese: % Value 2020-2023
  • Table 10 Distribution of Cheese by Format: % Value 2018-2023
  • Table 11 Forecast Sales of Cheese by Category: Volume 2023-2028
  • Table 12 Forecast Sales of Cheese by Category: Value 2023-2028
  • Table 13 Forecast Sales of Cheese by Category: % Volume Growth 2023-2028
  • Table 14 Forecast Sales of Cheese by Category: % Value Growth 2023-2028
DAIRY PRODUCTS AND ALTERNATIVES IN SOUTH KOREA
EXECUTIVE SUMMARY
  • Dairy products and alternatives in 2023: The big picture
  • Key trends in 2023
  • Competitive landscape
  • Channel developments
  • What next for dairy products and alternatives?
MARKET DATA
  • Table 15 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
  • Table 16 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
  • Table 17 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
  • Table 18 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
  • Table 19 Penetration of Private Label by Category: % Value 2018-2023
  • Table 20 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
  • Table 21 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
  • Table 22 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources