Market Research: South Korea Meat – Market Assessment and Forecasts to 2024

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South Korea Meat – Market Assessment and Forecasts to 2024

Summary

Country Profile report on the meat 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 companies market shares.

The South Korean meat sector was led by fresh meat (counter) category in both value and volume terms, in 2019. Furthermore, the frozen meat category is forecast to register fastest value and volume growth during 2019-2024. Hypermarkets & supermarkets is the leading channel for distribution of meat in the country. Rigid plastics was the most commonly used pack material in South Korea. Agricultural Corporation Donmaru Co., Ltd., Harim Corporation and Lotte Co., Ltd. are the leading players in the South Korean meat sector.

What else is contained?

– Sector data: Overall sector value and volume data with growth analysis for 2014-2024
– Category coverage: Value and growth analysis for ambient meat, chilled raw packaged meat – processed, chilled raw packaged meat – whole cuts, cooked meats – counter, cooked meats – packaged, fresh meat (counter) and frozen meat with inputs on individual segment share within each category and the change in their market share forecast for 2019-2024
– Leading players: Market share of companies (in value terms) and private labels (in value terms) in 2019
– Distribution data: Percentage of sales within each category through distribution channels such as convenience stores, food & drinks specialists, hypermarkets & supermarkets, e-retailers, cash & carries & warehouse clubs, “dollar stores”, variety stores & general merchandise retailers, department stores, direct sellers 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

Scope

– Both per capita consumption and per capita expenditure of meat was higher in South Korea than both the global and regional levels in 2019
– The per capita consumption of fresh meat (counter) was higher than other meat categories in 2019
– Private labels are growing at a higher CAGR than brands in the South Korean meat sector
– The health & wellness market in the South Korean meat sector is led by the ambient meat category
– Rigid plastics is the most commonly used pack material in the South Korean meat 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 company 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
– 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 labour market and demographic trends.

Companies Mentioned:
Agricultural Corporation Donmaru Co. Ltd.
Harim Corporation
Lotte Co. Ltd.
Dongwon Group
CJ CheilJedang Corp.
Cj Group
Ottogi Co Ltd.
Hormel Foods Corporation


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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via ritesh@researchbymarkets.com. *Market Research News is a part of Research By Markets.