+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Staple Foods in South Korea

  • PDF Icon

    Report

  • 59 Pages
  • November 2023
  • Region: South Korea
  • Euromonitor International
  • ID: 5567512
Staple foods, closely associated with economic conditions in South Korea, is experiencing slower growth rates in many categories due to recent external economic factors. Elevated inflation rates have led to an upward trend in retail value sales across most categories, while retail volumes are experiencing downward adjustments.

The Staple Foods 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 directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Baked Goods, Breakfast Cereals, Processed Fruit and Vegetables, Processed Meat, Seafood and Alternatives to Meat, Rice, Pasta and Noodles.

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

Why buy this report?

  • Get a detailed picture of the Staple Foods 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.

Table of Contents

STAPLE FOODS IN SOUTH KOREA
EXECUTIVE SUMMARY
  • Staple foods in 2023: The big picture
  • Key trends in 2023
  • Competitive Landscape
  • Channel developments
  • What next for staple foods?
MARKET DATA
  • Table 1 Sales of Staple Foods by Category: Volume 2018-2023
  • Table 2 Sales of Staple Foods by Category: Value 2018-2023
  • Table 3 Sales of Staple Foods by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Staple Foods by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Staple Foods: % Value 2019-2023
  • Table 6 LBN Brand Shares of Staple Foods: % Value 2020-2023
  • Table 7 Penetration of Private Label by Category: % Value 2018-2023
  • Table 8 Distribution of Staple Foods by Format: % Value 2018-2023
  • Table 9 Forecast Sales of Staple Foods by Category: Volume 2023-2028
  • Table 10 Forecast Sales of Staple Foods by Category: Value 2023-2028
  • Table 11 Forecast Sales of Staple Foods by Category: % Volume Growth 2023-2028
  • Table 12 Forecast Sales of Staple Foods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
BAKED GOODS IN SOUTH KOREAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Shifting consumer perceptions of leavened bread from snack to meal
  • Reasonable price-quality balance of packaged goods influences consumers’ purchasing decisions
  • Continuous growth of convenience stores and packaged pastries
PROSPECTS AND OPPORTUNITIES
  • Premium packaged baked goods
  • Fierce competition with bakery specialists following price stability
CATEGORY DATA
  • Table 13 Sales of Baked Goods by Category: Volume 2018-2023
  • Table 14 Sales of Baked Goods by Category: Value 2018-2023
  • Table 15 Sales of Baked Goods by Category: % Volume Growth 2018-2023
  • Table 16 Sales of Baked Goods by Category: % Value Growth 2018-2023
  • Table 17 NBO Company Shares of Baked Goods: % Value 2019-2023
  • Table 18 LBN Brand Shares of Baked Goods: % Value 2020-2023
  • Table 19 Distribution of Baked Goods by Format: % Value 2018-2023
  • Table 20 Forecast Sales of Baked Goods by Category: Volume 2023-2028
  • Table 21 Forecast Sales of Baked Goods by Category: Value 2023-2028
  • Table 22 Forecast Sales of Baked Goods by Category: % Volume Growth 2023-2028
  • Table 23 Forecast Sales of Baked Goods by Category: % Value Growth 2023-2028
BREAKFAST CEREALS IN SOUTH KOREAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Emphasising the convenience and health aspects of RTE cereals
  • Localisation of hot cereals continues to drive dynamic performance
  • Increasing demand for healthier ingredients as offered by muesli and granola
PROSPECTS AND OPPORTUNITIES
  • Navigating growth in a stagnant category through diversification
  • Health-consciousness will push children’s granola
CATEGORY DATA
  • Table 24 Sales of Breakfast Cereals by Category: Volume 2018-2023
  • Table 25 Sales of Breakfast Cereals by Category: Value 2018-2023
  • Table 26 Sales of Breakfast Cereals by Category: % Volume Growth 2018-2023
  • Table 27 Sales of Breakfast Cereals by Category: % Value Growth 2018-2023
  • Table 28 NBO Company Shares of Breakfast Cereals: % Value 2019-2023
  • Table 29 LBN Brand Shares of Breakfast Cereals: % Value 2020-2023
  • Table 30 Distribution of Breakfast Cereals by Format: % Value 2018-2023
  • Table 31 Forecast Sales of Breakfast Cereals by Category: Volume 2023-2028
  • Table 32 Forecast Sales of Breakfast Cereals by Category: Value 2023-2028
  • Table 33 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2023-2028
  • Table 34 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2023-2028
PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN SOUTH KOREAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Ethical purchasing behaviour, packaging, and product development
  • Highlighting affordable price, simplicity in preparation, and nutritional qualities of poultry
  • Tofu needs new growth factor to halt declining sales
PROSPECTS AND OPPORTUNITIES
  • Continuous growth and expansion of poultry, especially for chicken breasts
  • Meat and seafood substitutes to disrupt category and create fierce competition
CATEGORY DATA
  • Table 35 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2018-2023
  • Table 36 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2018-2023
  • Table 37 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2018-2023
  • Table 38 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2018-2023
  • Table 39 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 40 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 41 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 42 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2018-2023
  • Table 43 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2018-2023
  • Table 44 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2023
  • Table 45 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2023
  • Table 46 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2018-2023
  • Table 47 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2023-2028
  • Table 48 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2023-2028
PROCESSED FRUIT AND VEGETABLES IN SOUTH KOREAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Practical consumption: Easy storage and single portions
  • Affordable prices and ongoing home café trend drive higher demand for frozen fruit
  • Foodservice continues to drive demand for frozen processed potatoes in South Korea
PROSPECTS AND OPPORTUNITIES
  • Opportunity to identify and intensify new consumer touchpoints via frozen fruit
  • Potential for frozen processed vegetables due to McCain’s market entry
CATEGORY DATA
  • Table 49 Sales of Processed Fruit and Vegetables by Category: Volume 2018-2023
  • Table 50 Sales of Processed Fruit and Vegetables by Category: Value 2018-2023
  • Table 51 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2018-2023
  • Table 52 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2018-2023
  • Table 53 NBO Company Shares of Processed Fruit and Vegetables: % Value 2019-2023
  • Table 54 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2020-2023
  • Table 55 Distribution of Processed Fruit and Vegetables by Format: % Value 2018-2023
  • Table 56 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2023-2028
  • Table 57 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2023-2028
  • Table 58 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2023-2028
  • Table 59 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2023-2028
RICE, PASTA AND NOODLES IN SOUTH KOREAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Revival of rice consumption in South Korea
  • Contrasting trends in pasta and noodles
  • Spicy competition among noodle producers
PROSPECTS AND OPPORTUNITIES
  • Impact of changing raw material prices
  • Influence of millennials and Generation Z on domestic rice consumption
CATEGORY DATA
  • Table 60 Sales of Rice, Pasta and Noodles by Category: Volume 2018-2023
  • Table 61 Sales of Rice, Pasta and Noodles by Category: Value 2018-2023
  • Table 62 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2018-2023
  • Table 63 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2018-2023
  • Table 64 Sales of Instant Noodles by Leading Flavours: Rankings 2018-2023
  • Table 65 NBO Company Shares of Rice, Pasta and Noodles: % Value 2019-2023
  • Table 66 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2020-2023
  • Table 67 NBO Company Shares of Rice: % Value 2019-2023
  • Table 68 LBN Brand Shares of Rice: % Value 2020-2023
  • Table 69 NBO Company Shares of Pasta: % Value 2019-2023
  • Table 70 LBN Brand Shares of Pasta: % Value 2020-2023
  • Table 71 NBO Company Shares of Noodles: % Value 2019-2023
  • Table 72 LBN Brand Shares of Noodles: % Value 2020-2023
  • Table 73 Distribution of Rice, Pasta and Noodles by Format: % Value 2018-2023
  • Table 74 Distribution of Rice by Format: % Value 2018-2023
  • Table 75 Distribution of Pasta by Format: % Value 2018-2023
  • Table 76 Distribution of Noodles by Format: % Value 2018-2023
  • Table 77 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2023-2028
  • Table 78 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2023-2028
  • Table 79 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2023-2028
  • Table 80 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2023-2028