Country Profile: Bakery & Cereals sector in South Korea

Country Profile: Bakery & Cereals sector in South Korea

Published: June 2017
Publisher: GlobalData
Product ref: 283107
Pages: 157
Format: PDF
Delivery: By product vendor

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Summary

The South Korean Bakery & Cereals sector accounted for a volume share of 2.9% of the regional (Asia-Pacific) market. Increasing disposable incomes, changing taste preferences and busier lifestyles are the key growth drivers in South Korea. The Bakery & Cereals sector is led by Bread & Rolls market in both value and volume terms and is expected to be the fastest growing category during the forecast period (2016-2021). Artisanal Producers accounted for leading share in the sector, while Shany is the leading brand. Food & Drinks Specialists is the leading distribution channel for bakery & cereals products in the country. Flexible Packaging is the most commonly used packaging material in the sector. Health & Wellness attributes such as ‘Functional and Fortified’ and ‘Naturally Healthy’ and consumer benefits such as ‘General Wellbeing’ and ‘Health Management’ are the most sought after Health & Wellness claims in the South Korean Bakery & Cereals sector.

GlobalData’s Country Profile report on the Bakery & Cereals sector in South Korea provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.

What else is contained?
• Market data: Overall market value and volume data with growth analysis for 2011-2021
• Category coverage: Value and growth analysis for Baking Ingredients, Baking Mixes, Breads & Rolls, Breakfast Cereals, Cakes, Pastries & Sweet Pies, Cereal Bars, Cookies (Sweet Biscuits), Dough Products, Energy Bars, Morning Goods and Savory Biscuits with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
• Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
• Distribution data: Percentage of sales within each market through distribution channels such as Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
• Packaging data: consumption breakdown for packaging materials and containers in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Jar, Bottle, Bag/Sachet, Tub, Box, Pouch, and Tube.

Scope

• The South Korean Bakery & Cereals sector is expected to grow at a CAGR of 3.2% during 2016-2021.
• Of the 11 markets, Bread & Rolls is the largest market in 2016.
• Food & Drinks Specialists is the leading channel for distribution in the South Korean Bakery & Cereals sector.
• The top five brands in the sector accounted for 18.8% value share, in 2016.
• Flexible Packaging is the most commonly used packaging material in the South Korean Bakery & Cereals sector.

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
• Manufacturers can identify the opportunities to position products with H&W attributes/benefits
• Access the key and most influential consumer trends driving Bakery & Cereals products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
• 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 GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.

Original price: $875.00

Price: $743.75

Don't worry. No payment is taken yet

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Related research categories

By sector: Bakery, Cereals (in Dried foods)

By market: South Korea (in Asia)


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