Consumer and Market Insights: Seasonings, Dressings & Sauces Market in South Korea
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.
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.
Canadean’s 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.