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Consumer and Market Insights: Seasonings, Dressings and Sauces Market in South Korea

Consumer and Market Insights: Seasonings, Dressings and Sauces Market in South Korea


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Executive Summary

The growth in the South Korean consumer goods is supported by increasing GDP per capita and a large young population base. The Seasonings, Dressings & Sauces market is led by the Condiment Sauces category in both value and volume terms, and the Bouillons & Stocks category is forecast to register the fastest growth during 2014-2019. The Tomato Pastes and Purees category is forecast to gain market share during 2014-2019.

Key Findings

The South Korean Seasonings, Dressings & Sauces grew at a CAGR of 5.6% during 2009-2014.It is forecast to register higher growth at a CAGR of 5.8% during 2014-2019

The food price inflation was reported at 2.0% and has resulted in a trading down scenario, where consumers gave higher preference for value products.

Of all the categories analysed, the Condiment Sauces category is the leading value category which accounted for 20.3% of the Seasonings, Dressings & Sauces market in 2014.

Box outers were used for packing 16.8% of Bouillons & Stocks category and 4.6% of Herbs, Spices & Seasonings category.

Synopsis

Canadeans Consumer and Market Insights report on the Seasonings, Dressings & Sauces in South Korea provides insights on high growth categories 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 2014-2019

Category coverage: Value and growth analysis for Condiment Sauces, Bouillons & Stocks, Dips, Dressings, Dry Cooking Sauces, Chutneys & Relishes, Herbs, Spices & Seasonings, Wet Cooking Sauces, Tomato Pastes and Purees, with inputs on individual segment share within each category and the change in their market share forecast for 2014-2019

Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2014

Distribution data: Value shares within each category through channels such as Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists and more

Packaging data: consumption breakdown for packaging materials and containers in each category, in terms of percentage share of number of units sold. Packaging material data for flexible packaging, rigid plastics, rigid metal and others; container data for: trays, tubs, foils and others.

Reasons to Buy

Identify high potential categories and explore further market opportunities based on detailed value and volume analysis

Existing and new players can analyse 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

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.

Introduction

Report Scope

Country Context

Macroeconomic indicators-Population and age structure, GDP and Consumer Price Index

National retail and foodservice figures-Key Takeouts

Market Overview

Market value and volume for the South Korea Seasonings, Dressings & Sauces market

Historical and projected consumption in the South Korea Seasonings, Dressings & Sauces market

Degree of trade up/down-trade in the South Korea Seasonings, Dressings & Sauces market

Market volume of South Korea Seasonings, Dressings & Sauces by category

Historical and project market value of South Korea Seasonings, Dressings & Sauces by category

Winners and losers in the South Korea Seasonings, Dressings & Sauces market

Average category level pricing in the South Korea Seasonings, Dressings & Sauces market

Segment share of the category and change in market share in the South Korea Seasonings, Dressings & Sauces market

Retail Landscape and Key Distribution Channels

Leading retailers in the South Korea food market

Leading distribution channels in the South Korea Seasonings, Dressings & Sauces market

Leading distribution channels by category in the South Korea Seasonings, Dressings & Sauces market

Packaging

South Korea Seasonings, Dressings & Sauces market by type of packaging

South Korea Seasonings, Dressings & Sauces market by type of packaging closure/outer

South Korea Seasonings, Dressings & Sauces market by type of packaging, forecasted

Brand and Private Label Share

Penetration of private label, by categories, in the South Korea Seasonings, Dressings & Sauces market

Private label performance compare to national brands in the South Korea Seasonings, Dressings & Sauces market

Leading brands in the South Korea Seasonings, Dressings & Sauces market by category

Appendix

Country context

Sector overview

Category data

Segment data

Packaging data

Category definitions

Segment definitions

Channel definitions

Methodology

About Canadean

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Cj Foods Inc

H. J. Heinz Company

Daesang Corporation

Sempio Foods Company

Hormel Foods Corporation

Caldos Del Norte S.L.

Unilever Plc

La Costea

Paulig group

Pepsico Inc.

Cj Foods Inc

Daesang Corporation.

South Korea, Seasonings, For Condiment Sauces, Bouillons and Stocks, Dips, Dressings, Dry Cooking Sauces, Chutneys and Relishes, Herbs, Spices and Seasonings, Wet Cooking Sauces, Tomato Pastes And Purees, Hypermarkets and Supermarkets, Convenience Stores, Food and Drinks Specialists, Channel Share, Brand Share, Market Share, Packaging, Materials, Containers, Closure, Outer, Volume Share, Value Share


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