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South Korea Frozen Food Market Size and Forecast by Type, by Distribution Channel and Trend Analysis, 2014-2024

  • ID: 4659547
  • Report
  • Region: South Korea
  • 50 pages
  • Hexa Research
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FEATURED COMPANIES

  • Dongwon F&B Co., Ltd.
  • Nestlé
  • MORE
“South Korea Frozen Food Market Size and Forecast by Type (Frozen ready meals, Frozen pizza, Frozen fish/seafood, Frozen meat, Frozen potato products, Frozen bakery products), by Distribution Channel (Online, Offline) and Trend Analysis, 2014-2024

South Korea frozen food market is expected to be valued at USD 1,629.3 million by 2024 driven primarily by growing aging population which demands frozen foods with high nutritional value and low preservatives. Time limitations are driving the demand for more timely ways of shopping and convenience products. Increase in women workforce, single person household and longer working commutes have reduced the time available for home meal preparation and grocery shopping owing to which people are shifting towards frozen processed foods that merely take one step for preparation, for instance, boiling or heating.

The Korean market is primarily influenced by the number of rising number of people adopting western style diet which is expected to boost the demand for popular U.S. and European products. Trending demand for organic and fresh frozen food products has also seen an increase among young professionals and older population who are trying to stay fit. Convenient pricing is further expected to support the growth of frozen food products in the Korean market over the coming years.

Convenience along with traditional appeal is the new trend when it comes to product innovation. Formal mealtimes which used to take minutes to cook and eat are considered to be past times. Millennials nowadays often consider eating impulsively rather than eating traditional meals. Therefore, manufacturers are expected to focus on innovation of quick and healthy frozen snacks that can be enjoyed depending on different occasion.

Frozen seafood products dominate the market with market revenue share of 44.5% in 2016 followed by ready meal segment. Commonly found recipe’s such as potatoes, ribs, spines and chicken are already boosting the sale of frozen food products in Korean market. Growing acceptance of frozen processed food by chefs across various restaurants and cuisines in South Korea is further expected to drive the demand for frozen products such as ready meals, meat & poultry, seafood, sorbets, and confectionery over the future period.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Dongwon F&B Co., Ltd.
  • Nestlé
  • MORE
Chapter 1. Market Summary
1.1. Market trends & movement

Chapter 2. South Korea Frozen Food Market Trends: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.2.1. Market drivers
2.2.2. Market restraints
2.3. Porter's Five Forces analysis
2.4. Supply chain analysis

Chapter 3. South Korea Frozen Food Market, By Food Type
3.1. South Korea Frozen Food movement, by food-type, 2016 & 2024
3.1.1. Frozen ready meals
3.1.1.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.2. Frozen Pizza
3.1.2.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.3. Frozen fish/seafood
3.1.3.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.4. Frozen meat
3.1.4.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.5. Frozen potato products
3.1.5.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.6. Frozen bakery products
3.1.6.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.7. Others
3.1.7.1. Market estimates and forecast, 2014-2024 (USD Million)

Chapter 4. South Korea Frozen Food Market, By Distribution Channel
4.1. South Korea Frozen Food movement, by Distribution Channel, 2016
4.1.1. Online
4.1.2. Offline

Chapter 5. Competitive Landscape
5.1. Competitive landscape analysis, 2014
5.2. Strategic framework
5.3. Company profiles
5.3.1. Dongwon F&B Co., Ltd.
5.3.1.1. Company Overview
5.3.1.2. Product Benchmarking
5.3.1.3. Financial Performance
5.3.1.4. Recent Initiatives
5.3.2. Hansung Enterprise Co., Ltd.
5.3.2.1. Company Overview
5.3.2.2. Product Benchmarking
5.3.2.3. Financial Performance
5.3.2.4. Recent Initiatives
5.3.3. Nestlé
5.3.3.1. Company Overview
5.3.3.2. Product Benchmarking
5.3.3.3. Financial Performance
5.3.3.4. Recent Initiatives
5.3.4. Hansung Enterprise Co., Ltd.
5.3.4.1. Company Overview
5.3.4.2. Product Benchmarking
5.3.4.3. Financial Performance
5.3.4.4. Recent Initiatives

*List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Dongwon F&B Co., Ltd.
  • Hansung Enterprise Co., Ltd.
  • Nestlé
  • Hansung Enterprise Co., Ltd.
Note: Product cover images may vary from those shown
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