South Korea Food & Drink Report

Providing expert analysis, independent forecasts and competitive intelligence on the food & drink industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI’s Food and Drink Risk Reward Index, Mass Grocery Retail Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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South Korea Food & Drink Report
Product Price
$1,295.00

BMI View: We have a positive outlook on South Korea's food and drink industry over our five-year forecast period to 2019 , as a well developed market in South E ast Asia. Premiumisation in the food and drink industry will lead growth sales as the market is set to reach saturation. The South Korean consumer is moving towards a more westernised culture, adapting new diets and lifestyles. The MGR sector will be dominated by strong local players as we see multinational companies start to pull out of the market.

Headline Industry Data (local currency)

  • Total food consumption growth year-on-year (y-o-y) in 2015: +1.1%; compound annual growth rate (CAGR) 2014-2019: +3.3%.

  • Per capita food consumption growth (y-o-y) in 2015: +0.6%; CAGR 2014-2019: +2.8%.

  • Alcoholic drinks value sales growth (y-o-y) in 2015: +0.6%; CAGR 2014-2019: +3.0%.

  • Soft drinks value sales growth (y-o-y) in 2015: +3.3%; CAGR 2014-2019: +4.7%.

  • Total mass grocery retail sales growth (y-o-y) in 2015: +3.1%; CAGR 2014-2019: +6.1%.

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
17
Food Consumption
17
Table: Food Consumption Indicators - Historical Data & Forecasts (South Korea 2012-2019)
18
Canned Food
18
Confectionery
19
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (South Korea 2012-2019)
20
Meat
22
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecast (South Korea 2012-2019)
22
Fish
23
Table: Preserved Fish (Other) Volume Sales, Production & Trade - Historical Data & Forecast (South Korea 2012-2019)
23
Oils and Fats
23
Table: Oils and Fats Volume Sales, Production & Trade - Historical Data & Forecast (South Korea 2012-2019)
24
Dairy
25
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecast (South Korea 2012-2019)
25
Drink
27
Hot Drinks
27
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (South Korea 2012-2019)
27
Alcoholic Drinks
28
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (South Korea 2012-2019)
29
Soft Drinks
30
Table: Soft Drinks Sales, Production & Trade (South Korea 2012-2019)
33
Mass Grocery Retail
34
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (South Korea 2012-2019)
36
Table: Retail Sales By Format (%)
36
Trade
37
Table: Trade Balance - Historical Data & Forecasts (South Korea 2012-2019)
39
Macroeconomic Forecasts
40
Table: Economic Activity (South Korea 2010-2019)
44
Industry Risk Reward Index
45
Asia Pacific - Risk/Reward Index
45
Table: Asia Pacific Food & Drink Risk/Reward Index Q415
46
South Korea Risk/Reward Index
50
Market Overview
51
Food
51
Agriculture
51
Organics
51
Food Processing
52
Drink
53
Alcoholic Drinks
53
Soft Drinks
53
Mass Grocery Retail
54
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets (South Korea 2006-2010)
56
Table: Mass Grocery Retail Sales By Format (South Korea 2010-2019)
56
Table: Mass Grocery Retail Sales By Format (South Korea 2010-2019)
57
Table: Average Sales Per Outlet By Format, 2010
57
Industry Trends And Developments
58
Food
58
Key Industry Trends And Developments
58
Drink
62
Key Industry Trends And Developments
62
Mass Grocery Retail
66
Key Industry Trends And Developments
66
Competitive Landscape
70
Table: Key Players In South Korea's Food Sector
70
Table: Key Players In South Korea's Drink Sector
71
Table: Key Players In South Korea's MGR Sector
72
Company Profile
73
Hite Brewery
73
Lotte Shopping
76
Maiel Dairy Industry
79
Nong Shim
81
Oriental Brewery
84
Samsung Tesco HomePlus
86
Global Industry Overview
89
Table: Australia, Uk And Usa Estimated Herfindahl-Hirschman Index Scores - Food Retail Industry
92
Table: Boston Beer Company, Ab Inbev, Heineken And Sabmiller - Selected Trailing Return And Efficiency Ratios
100
Table: Food and Drink Core Views - Q215 Roundup
105
Demographic Forecast
107
Table: Population Headline Indicators (South Korea 1990-2025)
108
Table: Key Population Ratios (South Korea 1990-2025)
108
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025)
109
Table: Population By Age Group (South Korea 1990-2025)
109
Table: Population By Age Group % (South Korea 1990-2025)
110
Glossary
112
Food & Drink
112
Mass Grocery Retail
112
Methodology
114
Industry Forecast Methodology
114
Sector-Specific Methodology
115
Sources
115
Risk/Reward Index Methodology
116
Table: Food & Drink Risk/Reward Index Indicators
117
Table: Weighting
118

The South Korea Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's South Korea Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in South Korea.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for South Korea to test other views - a key input for successful budgeting and strategic business planning in the Korean food and drink market.
  • Target business opportunities and risks in South Korea through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.

BMI’s Food and Drink Risk Reward Index

BMI’s Risk Reward Index provides investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic points. These provide indices of highest to lowest appeal to investors, with each position explained.

Food Forecasts

BMI’s food chapter is divided into sections such as meat, fish, confectionary, dairy and canned foods, and provides insight into each market’s food industry, centred on a forecast to end-2019 for the sector. The chapter includes the following elements:

  • Industry Forecast Scenario: Historical data series and a forecast to end-2019 for growth of key indicators within a market’s food industry. Indicators include food consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.
  • Industry Developments: A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.
  • Market Overview: An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI’s food chapter, the drink section provides insight into each market’s drink industry, centred on a forecast to end-2019 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI’s food and drink chapters, the mass grocery retail section provides insight into each market’s grocery retail industry, centred on a forecast to end-2019 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown of the organised retail sector versus the traditional sector, among others.

Competitive Landscape

Illustration of the mass grocery retail and food and drink industries via rankings tables comparing revenues, number of outlets and number of employees. This chapter also includes data-rich, in-depth regional analysis of the market position, business strategies and investment potential of the region’s leading mass grocery retail and food and drink operators.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Food & Drink reports draw on an extensive network primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.