South Korea Dairy & Soy Food - Market Assessment and Forecast to 2023

South Korea Dairy & Soy Food - Market Assessment and Forecast to 2023

Summary

The South Korean dairy & soy food sector is led by the milk category in both value and volume terms, while cheese category is forecast to register the fastest value growth during 2018-2023. Hypermarkets & supermarkets is the leading distribution channel in the country. Rigid plastics is the most commonly used pack material, followed by paper & board and flexible packaging in 2018. Seoul Dairy, Yakult Honsha and Maeil Dairy Industry Co are the leading players in the South Korean dairy & soy food sector. Sales of drinkable yogurt with health & wellness claims are forecast to grow the fastest in the country.

The Country Profile report on the Dairy & soy food 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 per capita consumption of dairy & soy food was higher in South Korea compared to both the global and regional levels in 2018
• The milk is largest category in both value and volume terms during 2018-2023
• Per capita consumption of milk was higher compared to other dairy & soy food categories in South Korea
• Hypermarkets & supermarkets is the leading distribution channel in the South Korean dairy & soy food sector
• Seoul Dairy is the leading company in both value and volume terms in the South Korean dairy & soy food sector
• The health & wellness market in the South Korean dairy & soy food sector is led by the milk category
• Rigid plastics is the most commonly used pack material in the South Korean dairy & soy food sector
• Older consumers account for the leading share in the consumption of dairy & soy food in South Korea

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.