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: South Korea ' s Food and Drink outlook will sustain positive growth throughout 2016 , stemming from a recovering consumer profile. We expect consumer sentiment to increase due to stable economic growth and rising private consumption growth. A large high-income consumer base will drive demand for premium goods, which will boost retail sophistication in the South Korean market.

Food and Drink Spending
(2013-2020)
BMI/National Statistics

Key Trends & Industry Developments

  • A declining birth rate and an ageing population will offer limited long-term growth opportunities in an already relatively mature market.

  • Rising disposable incomes and the growing entry of women in the workforce will drive a shift in consumer preferences and dynamics in South Korea's drinks industry.

  • The growth in convenience retail store formats will gain momentum over our forecast period as consumers' lifestyles grow increasingly busier and the number of single-adult households increases.

BMI Industry View
7
Key Trends & Industry Developments
7
SWOT
8
Food & Drink
8
Industry Forecast
10
Consumer Outlook
10
Latest Updates
10
Structural Trends
10
Food
11
Latest Updates
11
Structural Trends
13
Table: Food Sales (South Korea 2013-2020)
14
Drink
17
Latest Updates
17
Structural Trends
18
Table: Total Alcoholic Drinks Spending And Consumption (South Korea 2013-2020)
19
Table: Non-Alcoholic Drinks Sales (South Korea 2013-2020)
22
Mass Grocery Retail
24
Latest Updates
24
Structural Trends
24
Industry Risk Reward Index
26
Asia Pacific - Risk/Reward Index
26
Table: Asia Pacific - Food & Drink Risk/Reward Index, Q316
27
South Korea Risk/Reward Index
31
Market Overview
33
Food
33
Recent Developments
33
Market Drivers & Trends
33
Drink
35
Recent Developments
35
Market Drivers & Trends
35
Mass Grocery Retail
37
Recent Developments
37
Market Drivers & Trends
37
Competitive Landscape
40
Table: Key Players In South Korea's Food Sector
40
Table: Key Players In South Korea's MGR Sector
41
Company Profile
42
Hite Brewery
42
Lotte Shopping
45
Maiel Dairy Industry
48
Nong Shim
50
Oriental Brewery
53
Samsung Tesco HomePlus
55
Demographic Forecast
58
Demographic Outlook
58
Table: Population Headline Indicators (South Korea 1990-2025)
59
Table: Key Population Ratios (South Korea 1990-2025)
59
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025)
60
Table: Population By Age Group (South Korea 1990-2025)
60
Table: Population By Age Group % (South Korea 1990-2025)
61
Glossary
63
Food & Drink
63
Mass Grocery Retail
63
Methodology
65
Industry Forecast Methodology
65
Sector-Specific Methodology
66
Sources
66
Risk/Reward Index Methodology
67
Table: Food & Drink Risk/Reward Index Indicators
68
Table: Weighting
69

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.