Country Profile: Seasonings, Dressings & Sauces in South Korea

Country Profile: Seasonings, Dressings & Sauces in South Korea

Published: September 2018
Publisher: GlobalData
Product ref: 298689
Pages: 145
Format: PDF
Delivery: By product vendor

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Summary

The South Korean seasonings, dressings & sauces sector is led by the condiment sauces category both in value and volume terms in 2017. The ‘chutneys & relishes’ category is also expected to register the fastest value growth during 2017-2022. Hypermarkets & supermarkets is the leading channel for the distribution of seasonings, dressings & sauces in the country. Food intolerance attribute is the top growth driver in the health and wellness market in the country. Older consumers accounted for the highest consumption of seasonings, dressings & sauces in the country. Daesang, Cj Group and Sempio Foods Company are the leading players in the South Korean seasonings, dressings & sauces sector.

GlobalData’s Country Profile report on the seasonings, dressings & sauces 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?
• Sector data: Overall sector value and volume data with growth analysis for 2012-2022
• Category coverage: Value and growth analysis for ‘bouillons & stocks’, ‘chutneys & relishes’, condiment sauces, dips, dressings, dry cooking sauces, ‘herbs, spices & seasonings’, ‘tomato pastes and purées’, and wet cooking sauces with inputs on individual segment share within each category and the change in their market share forecast for 2017-2022
• Leading players: Market share of brands (in value and volume terms) and private labels (in value terms) in 2017
• Distribution data: Percentage of sales within each category through distribution channels such as cash & carries and warehouse clubs , convenience stores, department stores, “dollar stores”, variety stores & general merchandise retailers, e-retailers, food & drinks specialists, hypermarkets & supermarkets, and other general retailers
• Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, paper & board, rigid plastics, and others; pack type for: jar, bottle, bag/sachet, tub, box, pouch, and tube.

Scope

• Per capita consumption of seasonings, dressings & sauces in South Korea is higher compared to both global and regional levels in 2017
• Of the nine categories, condiment sauces was the largest in value terms in the South Korean seasonings, dressings & sauces sector
• Hypermarkets & Supermarkets was the leading distribution channel in the South Korean seasonings, dressings & sauces sector, followed by convenience stores
• ‘Chung Jung One' was the leading brand in the South Korean seasonings, dressings & sauces sector
• Glass was the most commonly used pack material in the South Korean seasonings, dressings & sauces 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
• 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, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.



Companies Mentioned
Daesang
Cj Group
Sempio Foods Company
Conservas La Costena
S.A de C.V.
De Cecco

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Related research categories

By sector: Dressings (in Spreads, sauces & condiments), Sauces (in Spreads, sauces & condiments)

By market: South Korea (in Asia)


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