Nectars (Soft Drinks) Market in South Korea - Outlook to 2022: Market Size, Growth and Forecast Analytics
Nectars (Soft Drinks) Market in South Korea - Outlook to 2022: Market Size, Growth and Forecast Analytics is a broad level market review of Nectars market in South Korea.
Diluted fruit/vegetable juice and pulp, to which sweetening agents (eg sugar, honey, syrups and/or sweeteners) need to be added for the purposes of production, permitted minerals and vitamins for the purpose of fortification and permitted additives may be added. As part of the EU’s new directive in April 2012 banning the addition of sugar to fruit juice, the legislation states that nectars containing sugar or sweeteners can no longer carry the nutritional claim on the labeling ‘with no added sugar’. A transitional period was in force; by the end of October 2013 nectars marketed in the EU, irrespective of origin, could not carry the claim. Products placed on the market or labeled before the end of October 2013 were permitted to be marketed until 28 April 2015.
If flavors or coloring from sources other than the reconstituted fruits are included the product cannot be categorized as nectar regardless of juice content. May contain pulp and cells from the same kind of fruit.
Whilst juice content is required to be equal to or in excess of 25% by volume, minimum juice content varies according to the fruit in question. Includes products from concentrate and not from concentrate, chilled and ambient products.
Includes coconut water where the product is not 100% pure coconut water and juice content percentage is between 25-99.9%. 100% pure coconut water products are included in the juice category.
Excludes concentrates which when reconstituted conform to the definition of nectars above; these are included in squash/syrups.
Excludes carbonated products such as Schorle, Mineralwasser Plus, carbonated nectars and products (included in carbonates) and nectars products marketed as baby juices
Nectars market in South Korea registered a negative compound annual growth rate (CAGR) of -4.04% during the period 2012 to 2017 with a sales value of KRW 499,689.86 Million in 2017, a decrease of -9.59% over 2016. The market achieved its strongest performance in 2013, when it grew by 0.88% over its previous year and its weakest performance in 2017, when it fell by -9.59% over 2016.
The research handbook provides up-to-date market size data for period 2012-2017 and illustrative forecast to 2022 covering key market aspects like Sales Value and Volume for Nectars and its variants .
Furthermore, the research handbook details out Sales Value and Volume for top brands for the year 2014 to 2017 and overall market sales by Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Department Stores, Dollar Stores, Variety Store, Cash & Carries and Warehouse clubs, eRetailers, Food & Drinks specialists, Drug stores & Pharmacies, Health & Beauty Stores, Other general retailers and others) where ever applicable.
The research handbook acts as an essential tool for companies active or planning to venture in to South Korea's Nectars (Soft Drinks) market. The comprehensive statistics within the research handbook provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting.
Sales Values in the handbook are depicted in USD ($) and local currency of country and Volumes are represented in M Liters.
*Note: Certain content / sections in the research handbook may be removed or altered based on the availability and relevance of data.
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