Staple Foods in South Korea
Staple foods, closely associated with economic conditions in South Korea, is experiencing slower growth rates in many categories due to recent external economic factors. Elevated inflation rates have led to an upward trend in retail value sales across most categories, while retail volumes are experiencing downward adjustments.
Euromonitor International's Staple Foods in South Korea report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.
Product coverage: Baked Goods, Breakfast Cereals, Processed Fruit and Vegetables, Processed Meat, Seafood and Alternatives to Meat, Rice, Pasta and Noodles.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
Euromonitor International's Staple Foods in South Korea report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.
Product coverage: Baked Goods, Breakfast Cereals, Processed Fruit and Vegetables, Processed Meat, Seafood and Alternatives to Meat, Rice, Pasta and Noodles.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Staple Foods market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
Staple Foods in South Korea
Euromonitor International
February 2024
LIST OF CONTENTS AND TABLES
STAPLE FOODS IN SOUTH KOREA
EXECUTIVE SUMMARY
Staple foods in 2023: The big picture
Key trends in 2023
Competitive Landscape
Channel developments
What next for staple foods?
MARKET DATA
Table 1 Sales of Staple Foods by Category: Volume 2018-2023
Table 2 Sales of Staple Foods by Category: Value 2018-2023
Table 3 Sales of Staple Foods by Category: % Volume Growth 2018-2023
Table 4 Sales of Staple Foods by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Staple Foods: % Value 2019-2023
Table 6 LBN Brand Shares of Staple Foods: % Value 2020-2023
Table 7 Penetration of Private Label by Category: % Value 2018-2023
Table 8 Distribution of Staple Foods by Format: % Value 2018-2023
Table 9 Forecast Sales of Staple Foods by Category: Volume 2023-2028
Table 10 Forecast Sales of Staple Foods by Category: Value 2023-2028
Table 11 Forecast Sales of Staple Foods by Category: % Volume Growth 2023-2028
Table 12 Forecast Sales of Staple Foods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
BAKED GOODS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Shifting consumer perceptions of leavened bread from snack to meal
Reasonable price-quality balance of packaged goods influences consumers’ purchasing decisions
Continuous growth of convenience stores and packaged pastries
PROSPECTS AND OPPORTUNITIES
Premium packaged baked goods
Fierce competition with bakery specialists following price stability
CATEGORY DATA
Table 13 Sales of Baked Goods by Category: Volume 2018-2023
Table 14 Sales of Baked Goods by Category: Value 2018-2023
Table 15 Sales of Baked Goods by Category: % Volume Growth 2018-2023
Table 16 Sales of Baked Goods by Category: % Value Growth 2018-2023
Table 17 NBO Company Shares of Baked Goods: % Value 2019-2023
Table 18 LBN Brand Shares of Baked Goods: % Value 2020-2023
Table 19 Distribution of Baked Goods by Format: % Value 2018-2023
Table 20 Forecast Sales of Baked Goods by Category: Volume 2023-2028
Table 21 Forecast Sales of Baked Goods by Category: Value 2023-2028
Table 22 Forecast Sales of Baked Goods by Category: % Volume Growth 2023-2028
Table 23 Forecast Sales of Baked Goods by Category: % Value Growth 2023-2028
BREAKFAST CEREALS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Emphasising the convenience and health aspects of RTE cereals
Localisation of hot cereals continues to drive dynamic performance
Increasing demand for healthier ingredients as offered by muesli and granola
PROSPECTS AND OPPORTUNITIES
Navigating growth in a stagnant category through diversification
Health-consciousness will push children’s granola
CATEGORY DATA
Table 24 Sales of Breakfast Cereals by Category: Volume 2018-2023
Table 25 Sales of Breakfast Cereals by Category: Value 2018-2023
Table 26 Sales of Breakfast Cereals by Category: % Volume Growth 2018-2023
Table 27 Sales of Breakfast Cereals by Category: % Value Growth 2018-2023
Table 28 NBO Company Shares of Breakfast Cereals: % Value 2019-2023
Table 29 LBN Brand Shares of Breakfast Cereals: % Value 2020-2023
Table 30 Distribution of Breakfast Cereals by Format: % Value 2018-2023
Table 31 Forecast Sales of Breakfast Cereals by Category: Volume 2023-2028
Table 32 Forecast Sales of Breakfast Cereals by Category: Value 2023-2028
Table 33 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2023-2028
Table 34 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2023-2028
PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Ethical purchasing behaviour, packaging, and product development
Highlighting affordable price, simplicity in preparation, and nutritional qualities of poultry
Tofu needs new growth factor to halt declining sales
PROSPECTS AND OPPORTUNITIES
Continuous growth and expansion of poultry, especially for chicken breasts
Meat and seafood substitutes to disrupt category and create fierce competition
CATEGORY DATA
Table 35 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2018-2023
Table 36 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2018-2023
Table 37 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2018-2023
Table 38 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2018-2023
Table 39 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2018-2023
Table 40 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2018-2023
Table 41 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2018-2023
Table 42 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2018-2023
Table 43 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2018-2023
Table 44 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2023
Table 45 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2023
Table 46 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2018-2023
Table 47 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2023-2028
Table 48 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2023-2028
PROCESSED FRUIT AND VEGETABLES IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Practical consumption: Easy storage and single portions
Affordable prices and ongoing home cafй trend drive higher demand for frozen fruit
Foodservice continues to drive demand for frozen processed potatoes in South Korea
PROSPECTS AND OPPORTUNITIES
Opportunity to identify and intensify new consumer touchpoints via frozen fruit
Potential for frozen processed vegetables due to McCain’s market entry
CATEGORY DATA
Table 49 Sales of Processed Fruit and Vegetables by Category: Volume 2018-2023
Table 50 Sales of Processed Fruit and Vegetables by Category: Value 2018-2023
Table 51 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2018-2023
Table 52 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2018-2023
Table 53 NBO Company Shares of Processed Fruit and Vegetables: % Value 2019-2023
Table 54 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2020-2023
Table 55 Distribution of Processed Fruit and Vegetables by Format: % Value 2018-2023
Table 56 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2023-2028
Table 57 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2023-2028
Table 58 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2023-2028
Table 59 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2023-2028
RICE, PASTA AND NOODLES IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Revival of rice consumption in South Korea
Contrasting trends in pasta and noodles
Spicy competition among noodle producers
PROSPECTS AND OPPORTUNITIES
Impact of changing raw material prices
Influence of millennials and Generation Z on domestic rice consumption
CATEGORY DATA
Table 60 Sales of Rice, Pasta and Noodles by Category: Volume 2018-2023
Table 61 Sales of Rice, Pasta and Noodles by Category: Value 2018-2023
Table 62 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2018-2023
Table 63 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2018-2023
Table 64 Sales of Instant Noodles by Leading Flavours: Rankings 2018-2023
Table 65 NBO Company Shares of Rice, Pasta and Noodles: % Value 2019-2023
Table 66 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2020-2023
Table 67 NBO Company Shares of Rice: % Value 2019-2023
Table 68 LBN Brand Shares of Rice: % Value 2020-2023
Table 69 NBO Company Shares of Pasta: % Value 2019-2023
Table 70 LBN Brand Shares of Pasta: % Value 2020-2023
Table 71 NBO Company Shares of Noodles: % Value 2019-2023
Table 72 LBN Brand Shares of Noodles: % Value 2020-2023
Table 73 Distribution of Rice, Pasta and Noodles by Format: % Value 2018-2023
Table 74 Distribution of Rice by Format: % Value 2018-2023
Table 75 Distribution of Pasta by Format: % Value 2018-2023
Table 76 Distribution of Noodles by Format: % Value 2018-2023
Table 77 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2023-2028
Table 78 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2023-2028
Table 79 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2023-2028
Table 80 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2023-2028
Euromonitor International
February 2024
LIST OF CONTENTS AND TABLES
STAPLE FOODS IN SOUTH KOREA
EXECUTIVE SUMMARY
Staple foods in 2023: The big picture
Key trends in 2023
Competitive Landscape
Channel developments
What next for staple foods?
MARKET DATA
Table 1 Sales of Staple Foods by Category: Volume 2018-2023
Table 2 Sales of Staple Foods by Category: Value 2018-2023
Table 3 Sales of Staple Foods by Category: % Volume Growth 2018-2023
Table 4 Sales of Staple Foods by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Staple Foods: % Value 2019-2023
Table 6 LBN Brand Shares of Staple Foods: % Value 2020-2023
Table 7 Penetration of Private Label by Category: % Value 2018-2023
Table 8 Distribution of Staple Foods by Format: % Value 2018-2023
Table 9 Forecast Sales of Staple Foods by Category: Volume 2023-2028
Table 10 Forecast Sales of Staple Foods by Category: Value 2023-2028
Table 11 Forecast Sales of Staple Foods by Category: % Volume Growth 2023-2028
Table 12 Forecast Sales of Staple Foods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
BAKED GOODS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Shifting consumer perceptions of leavened bread from snack to meal
Reasonable price-quality balance of packaged goods influences consumers’ purchasing decisions
Continuous growth of convenience stores and packaged pastries
PROSPECTS AND OPPORTUNITIES
Premium packaged baked goods
Fierce competition with bakery specialists following price stability
CATEGORY DATA
Table 13 Sales of Baked Goods by Category: Volume 2018-2023
Table 14 Sales of Baked Goods by Category: Value 2018-2023
Table 15 Sales of Baked Goods by Category: % Volume Growth 2018-2023
Table 16 Sales of Baked Goods by Category: % Value Growth 2018-2023
Table 17 NBO Company Shares of Baked Goods: % Value 2019-2023
Table 18 LBN Brand Shares of Baked Goods: % Value 2020-2023
Table 19 Distribution of Baked Goods by Format: % Value 2018-2023
Table 20 Forecast Sales of Baked Goods by Category: Volume 2023-2028
Table 21 Forecast Sales of Baked Goods by Category: Value 2023-2028
Table 22 Forecast Sales of Baked Goods by Category: % Volume Growth 2023-2028
Table 23 Forecast Sales of Baked Goods by Category: % Value Growth 2023-2028
BREAKFAST CEREALS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Emphasising the convenience and health aspects of RTE cereals
Localisation of hot cereals continues to drive dynamic performance
Increasing demand for healthier ingredients as offered by muesli and granola
PROSPECTS AND OPPORTUNITIES
Navigating growth in a stagnant category through diversification
Health-consciousness will push children’s granola
CATEGORY DATA
Table 24 Sales of Breakfast Cereals by Category: Volume 2018-2023
Table 25 Sales of Breakfast Cereals by Category: Value 2018-2023
Table 26 Sales of Breakfast Cereals by Category: % Volume Growth 2018-2023
Table 27 Sales of Breakfast Cereals by Category: % Value Growth 2018-2023
Table 28 NBO Company Shares of Breakfast Cereals: % Value 2019-2023
Table 29 LBN Brand Shares of Breakfast Cereals: % Value 2020-2023
Table 30 Distribution of Breakfast Cereals by Format: % Value 2018-2023
Table 31 Forecast Sales of Breakfast Cereals by Category: Volume 2023-2028
Table 32 Forecast Sales of Breakfast Cereals by Category: Value 2023-2028
Table 33 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2023-2028
Table 34 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2023-2028
PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Ethical purchasing behaviour, packaging, and product development
Highlighting affordable price, simplicity in preparation, and nutritional qualities of poultry
Tofu needs new growth factor to halt declining sales
PROSPECTS AND OPPORTUNITIES
Continuous growth and expansion of poultry, especially for chicken breasts
Meat and seafood substitutes to disrupt category and create fierce competition
CATEGORY DATA
Table 35 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2018-2023
Table 36 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2018-2023
Table 37 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2018-2023
Table 38 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2018-2023
Table 39 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2018-2023
Table 40 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2018-2023
Table 41 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2018-2023
Table 42 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2018-2023
Table 43 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2018-2023
Table 44 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2023
Table 45 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2023
Table 46 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2018-2023
Table 47 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2023-2028
Table 48 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2023-2028
PROCESSED FRUIT AND VEGETABLES IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Practical consumption: Easy storage and single portions
Affordable prices and ongoing home cafй trend drive higher demand for frozen fruit
Foodservice continues to drive demand for frozen processed potatoes in South Korea
PROSPECTS AND OPPORTUNITIES
Opportunity to identify and intensify new consumer touchpoints via frozen fruit
Potential for frozen processed vegetables due to McCain’s market entry
CATEGORY DATA
Table 49 Sales of Processed Fruit and Vegetables by Category: Volume 2018-2023
Table 50 Sales of Processed Fruit and Vegetables by Category: Value 2018-2023
Table 51 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2018-2023
Table 52 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2018-2023
Table 53 NBO Company Shares of Processed Fruit and Vegetables: % Value 2019-2023
Table 54 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2020-2023
Table 55 Distribution of Processed Fruit and Vegetables by Format: % Value 2018-2023
Table 56 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2023-2028
Table 57 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2023-2028
Table 58 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2023-2028
Table 59 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2023-2028
RICE, PASTA AND NOODLES IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Revival of rice consumption in South Korea
Contrasting trends in pasta and noodles
Spicy competition among noodle producers
PROSPECTS AND OPPORTUNITIES
Impact of changing raw material prices
Influence of millennials and Generation Z on domestic rice consumption
CATEGORY DATA
Table 60 Sales of Rice, Pasta and Noodles by Category: Volume 2018-2023
Table 61 Sales of Rice, Pasta and Noodles by Category: Value 2018-2023
Table 62 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2018-2023
Table 63 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2018-2023
Table 64 Sales of Instant Noodles by Leading Flavours: Rankings 2018-2023
Table 65 NBO Company Shares of Rice, Pasta and Noodles: % Value 2019-2023
Table 66 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2020-2023
Table 67 NBO Company Shares of Rice: % Value 2019-2023
Table 68 LBN Brand Shares of Rice: % Value 2020-2023
Table 69 NBO Company Shares of Pasta: % Value 2019-2023
Table 70 LBN Brand Shares of Pasta: % Value 2020-2023
Table 71 NBO Company Shares of Noodles: % Value 2019-2023
Table 72 LBN Brand Shares of Noodles: % Value 2020-2023
Table 73 Distribution of Rice, Pasta and Noodles by Format: % Value 2018-2023
Table 74 Distribution of Rice by Format: % Value 2018-2023
Table 75 Distribution of Pasta by Format: % Value 2018-2023
Table 76 Distribution of Noodles by Format: % Value 2018-2023
Table 77 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2023-2028
Table 78 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2023-2028
Table 79 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2023-2028
Table 80 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2023-2028
