South Korea Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

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The South Korea baby food market size was valued at KRW572.3 billion ($500.2 million) in 2021 and is expected to decline at a CAGR of 1% during 2021-2027. In 2021, Maeil Dairies led the baby food sector. Furthermore, the leading distribution channel was hypermarkets & supermarkets in the South Korean baby food space.

The South Korea baby food market research report provides extensive and highly detailed current and future market trends in the South Korean market.

South Korea Baby Food Market Outlook

South Korea Baby Food Market Outlook

To gain more information about the South Korea baby food market forecast, download a free report sample

South Korea Baby Food Market Segmentation by Category

The key categories in the South Korea baby food market are baby milks, baby cereals & dry meals, baby wet meals & other, baby finger food, and baby drinks. The baby milk category led the market in 2021, followed by baby wet meals & other. Mead Johnson (Reckitt Benckiser), Danone, and Abbott Laboratories offered premium powdered baby milks.

South Korea Baby Food Market Analysis, by Categories

South Korea Baby Food Market Analysis, by Categories

For more category insights into the South Korea baby food market, download a free report sample

South Korea Baby Food Market Segmentation by Distribution Channel

The key distribution channels in the South Korea baby food market are hypermarkets & supermarkets, e-retailers, convenience stores, and drugstores & pharmacies. In 2021, hypermarkets & supermarkets was the leading distribution channel in the South Korea baby market, followed by e-retailers.

South Korea Baby Food Market Analysis, by Distribution Channels

South Korea Baby Food Market Analysis, by Distribution Channels For more distribution channel insights into the South Korea baby food market, download a free report sample

South Korea Baby Food Market - Competitive Landscape

Some of the leading manufacturers in the South Korea baby food market are Maeil Dairies, Namyang Dairy, Ildong Foodis, Lotte, and Nestlé. In 2021, Maeil Dairies led the South Korean baby food sector in both value and volume terms.

South Korea Baby Food Market Analysis, by Leading Manufacturers

South Korea Baby Food Market Analysis, by Leading Manufacturers

To know more about leading baby food players in South Korea, download a free report sample

South Korea Baby Food Market Overview

Market Size 2021 KRW572.3 billion ($500.2 million)
CAGR (2021-2027) (1)%
Key Categories Baby Milks, Baby Cereals & Dry Meals, Baby Wet Meals & Other, Baby Finger Food, and Baby Drinks
Key Distribution Channels Hypermarkets & Supermarkets, E-Retailers, Convenience Stores, and Drugstores & Pharmacies
Leading Manufacturers Maeil Dairies, Namyang Dairy, Ildong Foodis, Lotte, and Nestlé

Scope

This report provides:

  • Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
  • Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
  • Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
  • Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
  • Future projections considering various trends which are likely to affect the industry.

Key Highlights

  • Value sales of baby milks decreased in 2015-21, declining at a negative CAGR during this period.
  • Volume sales of the baby cereals & dry meals category fell in 2015-21, contracting at a negative CAGR during this period.
  • Value sales of the baby wet meals & other category grew in 2015 to 2021.
  • In volume terms, the baby finger food category rose slightly in 2015-21.
  • During 2015-21, per capita expenditure on baby drinks increased in current as well as constant price terms.

Reasons to Buy

  • Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
  • Analyze current and forecast behavior trends in each category to identify the best opportunities to exploit.
  • Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
  • Investigates which categories are performing the best and how this is changing market dynamics.

Maeil Dairies
Namyang Dairy
Ildong Foodis
Lotte
Nestlé
LG Corp

Table of Contents

Table of Contents

Introduction

Executive Summary

Market Environment

Value and Volume Growth Analysis by Region

Growth Analysis of South Korea Compared with Other Leading Countries in Asia Pacific

PCC and PCE of South Korea Compared with Global and Asia Pacific Markets

Background

Births

The Consumer

Sociodemographic Trends

Working Women

Breastfeeding Trends

Regulations

Overview

South Korea Baby Food Sector Snapshot

Market Size Analysis

Manufacturer Shares

Category Analysis

Baby Milks

Baby Cereals & Dry Meals

Baby Wet Meals & Other

Baby Finger Food

Baby Drinks

Production and Trade

Imports

Exports

Distribution

Channel Share Analysis

Baby Food Retailing

Economic Background

GDP Growth and Inflation

Prospects and Forecasts

Future Trends

Definitions

Appendix

Summary Methodology

About GlobalData

Table

List of Tables

Birth & population trends, 2010-27

Live births by city & province (’000), 2013-21

Composition of live births by age group of mothers, %, 2013-21

Number of women by childbearing age, by age group, 2013, 2020, and 2021

Economically active women by age group, 2017-21

Breastfeeding rates by age of baby, %, 2000, 2012, 2015, and 2018

Exclusive breastfeeding rates by age of baby, %, 2000, 2012, 2015, and 2018

Mothers breastfeeding their baby at some stage, 2018

Breastfeeding patterns of married women, by week/month, %, 2018

Leading categories (value) and (volume), 2021

Baby food: manufacturer shares, value & volume, %, 2015-21

Baby food: manufacturer shares by category, %, 2021

Baby milks: SKUs by pack type, 2021

Baby milks: SKUs by pack size, 2021

Baby milks: brand price positioning analysis, 2021

Baby milks: manufacturer shares, value & volume, %, 2015-21

Baby milks: manufacturer & brand shares, value %, 2015-21

Baby milks: manufacturer & brand shares, volume %, 2015-21

Baby cereals & dry meals: SKUs by pack type, 2021

Baby cereals & dry meals: SKUs by pack size, 2021

Baby cereals & dry meals: brand price positioning analysis, 2021

Baby cereals & dry meals: manufacturer shares, value & volume, %, 2015-21

Baby cereals & dry meals: manufacturer & brand shares, value %, 2015-21

Baby cereals & dry meals: manufacturer & brand shares, volume %, 2015-21

Baby wet meals & other: SKUs by pack type, 2021

Baby wet meals & other: SKUs by pack size, 2021

Baby wet meals & other: brand price positioning analysis, 2021

Baby wet meals & other: manufacturer shares, value & volume, %, 2015-21

Baby wet meals & other: manufacturer & brand shares, value %, 2015-21

Baby wet meals & other: manufacturer & brand shares, volume %, 2015-21

Baby finger food: SKUs by pack type, 2021

Baby finger food: SKUs by pack size, 2021

Baby finger food: brand price positioning analysis, 2021

Baby finger food: manufacturer shares, value & volume, %, 2015-21

Baby finger food: manufacturer & brand shares, value %, 2015-21

Baby finger food: manufacturer & brand shares, volume %, 2015-21

Baby drinks: SKUs by pack type, 2021

Baby drinks: SKUs by pack size, 2021

Baby drinks: brand price positioning analysis, 2021

Baby drinks: manufacturer shares, value & volume, %, 2015-21

Baby drinks: manufacturer & brand shares, value %, 2015-21

Baby drinks: manufacturer & brand shares, volume %, 2015-21

Baby milks & cereals: trends in imports, 2013-20

Imports of baby milks & cereals by country of origin, 2018-20

Other baby food: trends in imports, 2013-20

Imports of other baby food by country of origin, 2018-20

Baby milks & cereals: trends in exports, 2013-20

Exports of baby milks & cereals by country of destination, 2018-20

Other baby food: trends in exports, 2013-20

Exports of other baby food by country of destination, 2018-20

Change in distribution share, 2015-21

Baby food: sales by outlet type, % value, 2015-21

Baby food: sales by type of food & outlet type, % value, 2021

Category definitions

Terminology definitions

Baby population, number of babies, 2010-27

Baby food: market value, current prices, $ million, 2015-21

Baby food: market value, constant prices, 2015-21

Baby food: market volume, million kg, 2015-21

Baby food: per capita expenditure, current prices, $, 2015-21

Baby food: per capita expenditure, constant prices, 2015-21

Baby food: per capita consumption, kg, 2015-21

Baby milks: category segmentation, value & volume, 2015-21

Baby food: market value forecasts, current prices, $ million, 2021-27

Baby food: market value forecasts, constant prices, 2021-27

Baby food: market volume forecasts, million kg, 2021-27

Baby food: per capita expenditure, current prices, $, 2021-27

Baby food: per capita expenditure, constant prices, 2021-27

Baby food: per capita consumption, kg, 2021-27

Exchange rates: LCU per $, 2015-21

Exchange rates: LCU per $, 2022-27

SKUs allocation by product type

Figures

List of Figures

South Korea’s value and volume shares of the global and Asia Pacific baby food sectors, 2021 26

South Korea compared with the other top countries in terms of market share, growth, and competitive landscape

PCC* comparison South Korea, Asia Pacific, and global, 2016-26

PCE* comparison South Korea, Asia Pacific, and global, 2016-26

Baby food: sector size (value), 2015-21

Baby food: sector size (volume), 2015-21

Market size and growth analysis by value and volume, baby food sector, 2015-27

Baby food: manufacturer shares, value %, 2021

Baby food: manufacturer shares, volume %, 2021

Baby food: manufacturer shares by category, % value, 2021

Market size and growth analysis by value and volume, baby milks category, 2015-27

Baby milks: per capita expenditure & consumption, 2015-21

Baby milks: per capita trends by age group

Baby milks: segmentation, value, and volume, 2015-21

Market size and growth analysis by value and volume, baby cereals & dry meals category, 2015-27

Baby cereals & dry meals: per capita expenditure & consumption, 2015-21

Market size and growth analysis by value and volume, baby wet meals &

other category, 2015-27

Baby wet meals & other: per capita expenditure & consumption, 2015-21

Market size and growth analysis by value and volume, baby finger food category, 2015-27

Baby finger food: per capita expenditure & consumption, 2015-21

Market size and growth analysis by value and volume, baby drinks category, 2015-27

Baby drinks: per capita expenditure & consumption, 2015-21

Share of key distribution channels (in value terms) baby food, 2021

Key distribution channel share by category (in value terms), 2021

GDP at current prices (KRW trillion)

Real GDP growth rate (%)

Consumer price inflation (%)

Unemployment rate (%)

Frequently asked questions

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