Consumer and Market Insights: Bakery and Cereals in South Korea
Summary The South Korean Bakery and Cereals market is led by Breads and Rolls category in both value and volume terms. The Breads and Rolls category is projected to have the fastest value growth during 2015 – 2020, while the Cereal Bars is projected to be the fastest growing category in terms of volume during the same period. Expanding upper and middle income consumers will prefer high value added imported and premium brands. New dietary guidelines and demand for innovative products is expected to drive market in forthcoming years.
Key Findings The Bakery and Cereals market in South Korea is expected to register higher growth in US dollar terms due to appreciation of Korean Won against US dollar during 2015-2020.
The South Korean consumers are opting for value for money products in the Bakery and Cereals market.
The Bread & Rolls category is forecast to register fastest growth in value and volume terms during 2015-2020.
Hypermarkets & Supermarkets and Food & Drinks Specialists are the leading distribution channels in the South Korean Bakery and Cereals market.
Kellogg’s is the leading leaders in the Breakfast Cereals category both in value and volume terms.
Flexible Packaging is the most commonly used packaging material in the Bakery and Cereals market in South Korea.
Synopsis Canadean’s Consumer and Market Insights report on the Bakery and Cereals market 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 2010-2020
Category coverage: Value and growth analysis for Baking Mixes, Baking Ingredients, Bread & Rolls, Breakfast Cereals, Cakes, Pastries & Sweet Pies, Dough Products, Cereal Bars, Energy Bars, Cookies (Sweet Biscuits), Savory Biscuits, Morning Goods with inputs on individual segment share within each category and the change in their market share forecast for 2015-2020
Leading players: Market share of brands and private labels, including private label growth analysis from 2012-2015
Distribution data: Percentage of sales within each category through distribution channels such as Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists and others in 2015
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, Paper & Board, Rigid Plastics, and others; container data for: Bag/Sachet, Film, Tray and others
Consumer level trends: Top four consumer trends which influence Bakery and Cereals products consumption
Future outlook: Reviews and recommendations on how the market will shape up from 2015-2020
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
Access the key and most influential consumer trends driving Bakery and Cereals products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
Access to analysis on products launched in the market
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