South Korea Soups Market Assessment and Forecasts to 2025

The South Korean soups sector was led by dried soup (mixes) in both value and volume terms. Furthermore, the dried soup (mixes) category is forecast to register fastest value growth, while frozen soups category is forecast to be the fastest growing category in volume terms during 2020-2025. Hypermarkets & supermarkets is the leading channel for distribution of soups in the country. Flexible packaging was the most commonly used pack material in South Korea. Ottogi Co, Ltd., Ajinomoto Group and Daesang are the leading players in the South Korean soups sector.

This report on the Soups sector in the South Korea provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

What else is contained?

– Sector data: Overall sector value and volume data with growth analysis for 2015-2025

– Category coverage: Value and growth analysis for ambient soup, chilled soup, dried soup (mixes), frozen soup and UHT soup with inputs on individual segment share within each category and the change in their market share forecast for 2020-2025

– Leading players: Market share of compaines (in value terms) and private labels (in value terms) in 2020

– Distribution data: Percentage of sales within each category through distribution channels such as cash & carries & warehouse clubs, convenience stores, department stores, food & drinks specialists, hypermarkets & supermarkets, e-retailers, “dollar stores”, variety stores & general merchandise retailers other general retailers.

– Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, rigid plastics, paper & board and rigid metal; pack type for: jar, bag/sachet, tub, stand up pouch, carton – folding, can, bottle, carton – liquid and other pack type, closure type for: screw top, prize off, twist off, lever closure, foil, film and other closure types, primary outer types for: carton – folding, sleeve and shrink wrap.

Scope

– Both the per capita consumption and expenditure of soups in South Korea were lower than the global level in 2020

– The per capita consumption of dried soup (mixes) was higher than other soup categories in 2020

– A growing preference for single children due to the high cost of living is impacting the population growth rate

– The COVID-19 pandemic led to widespread lay-offs and pay cuts in 2020

– In 2020, the contraction of economy was curtailed by surge in exports and stimulus efforts

– South Korea‘s overall risk score is lower than the Asia Pacific and the world average in GCRI Q4 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 company 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

– The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector

– Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.

Companies mentioned

Ottogi Co Ltd.

Ajinomoto Group

Daesang

Sempio Foods Co. Ltd.

Campbells Soup Company

Unilever

Cj Group

Nongshim Co Ltd

Table of Contents

Table of Contents

Report Scope

Executive Summary

Part 1: Market Environment

Value and Volume Share of South Korea in the Global and Asia Pacific Markets

Growth Analysis of South Korea Compared to Other Leading Countries in the Asia Pacific Market

PCC and PCE of South Korea Compared to the Global and Asia Pacific Markets

Part 2: Sector Deep Dive

South Korea Soups Sector Snapshot

Market Size Analysis

Cross Category Comparison Value Growth Analysis and Category Winners and Losers

Cross Category Comparison Volume Growth Analysis and Category Winners and Losers

Part 3: Category Deep Dive

Per Capita Consumption Analysis by Category

Market Size Analysis Category: Ambient Soup

Market Size Analysis Category: Chilled Soup

Market Size Analysis Category: Dried Soup (Mixes)

Segment Level Analysis (in Value Terms) Dried Soup (Mixes)

Segment Level Analysis (in Volume Terms) Dried Soup (Mixes)

Market Size Analysis Frozen Soup

Market Size Analysis UHT Soup

Part 4: Distribution Analysis

Channel Share Analysis

Part 5: Competitive Environment

Leading Companies Value and Volume Shares

Brand Share Analysis of Top Five Companies

Brand Share Analysis of Top Five Companies by Category

Degree of Consolidation/Fragmentation by Category

Part 6: Packaging Analysis

Pack Material Growth Analysis

Pack Type Growth Analysis

Closure Type Growth Analysis

Primary Outer Type Growth Analysis

Part 7: Macroeconomic Analysis

GDP Growth and Inflation

Population Growth

Labor Market Trend

Economic Summary, Labor Market Trends, and Demographic Trends

South Korea Risk Index (GCRI) 2020

South Korea Risk Analysis Compared to Global and Asia Pacific Markets

Methodology

Definitions

Appendix

List of Tables

List of Tables

Leading Value Categories

Leading Categories (Volume), 2020

Cross Category Comparison By Value (2015 2025)

Cross Category Comparison By Volume (2015 2025)

Per Capita Consumption (by Category), South Korea Compared to Asia Pacific and Global Levels (in Kg), 2020

Dried Soup (Mixes) Value Analysis by Segment, 2015 2025

Dried Soup (Mixes) Volume Analysis by Segment, 2015 2025

Change in Distribution Share, 2015 2020

Top Five Companies Share By Brand (in Value and Volume Terms) in the Soups Sector, 2020

Brand Shares of Top Five Companies (in Value and Volume Terms) by Category, 2020

Performance Overview (Score: 1 100)

Category Data, By Segment

Per Capita Consumption (in Kg), 2015 2025

Per Capita Expenditure (US$), 2015 2025

Soups Sales Distribution in South Korea By Category (₩ Million), 2020

Brand Share (in Value and Volume Terms) in the Soups Sector, 2020

Brand Share (in Value and Volume Terms) in the Soups Sector, By Category, 2020

Pack Material (in Million Pack Units), 2015 2025

Pack Materials by Category (in Million Pack Units), 2020

Pack Type (in Million Pack Units), 2015 2025

Pack Types by Category (in Million Pack Units), 2020

Closure Type (in Million Pack Units) Units), 2015 2025

Closure Types by Category (in Million Pack Units), 2020

Primary Outer Type (in Million Pack Units), 2015 2025

List of Figures

List of Figures

Value and Volume Shares of South Korea in the Global and Asia Pacific Soups Sector, 2020 2025

South Korea Compared to the Other Top Countries in Terms of Market Share, Growth, and the Competitive Landscape

PCC Comparison South Korea, Asia Pacific, and Global, 2015 2025

PCE Comparison South Korea, Asia Pacific, and Global, 2015 2025

Market Size and Growth Analysis by Value and Volume , Soups Sector, 2015 2025

Cross Category Comparison Value Growth Analysis and Category Winners and Losers

Cross Category Comparison Volume Growth Analysis and Category Winners and Losers

Market Size and Growth Analysis by Value and Volume , Ambient Soup Category, 2015 2025

Market Size and Growth Analysis by Value and Volume , Chilled Soup Category, 2015 2025

Market Size and Growth Analysis by Value and Volume , Dried Soup (Mixes) Category, 2015 2025

Market Size and Growth Analysis by Value and Volume , Frozen Soup Category, 2015 2025

Market Size and Growth Analysis by Value and Volume , UHT Soup Category, 2015 2025

Share of Key Distribution Channels (in Value Terms) Soups, 2020

Key Distribution Channel Share by Category (in Value Terms), 2020

Leading Companies (in Value and Volume Terms) in the Soups Sector, 2020

Category Wise Consolidation/Fragmentation (in Value Terms) Soups , 2020

Key Pack Materials in the South Korean Soups Sector by Percentage Share of Pack Units, 2020

Annual Growth Rate by Key Pack Material, 2015 2025

Use of Pack Material by Category (in Pack Units), 2020

Key Pack Types in the South Korean Soups Sector by Percentage Share of Pack Units, 2020

Annual Growth Rate by Key Pack Type, 2015 2025

Use of Pack Type by Category (in Pack Units), 2020

Key Closure Types in the South Korean Soups Sector by Percentage Share of Pack Units, 2020

Annual Growth Rate by Key Closure Type, 2015 2025

Use of Closure Type by Category (in Pack Units), 2020

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