Solid Fats (Oils and Fats) Market in South Korea – Outlook to 2025; Market Size, Growth and Forecast Analytics
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The solid fats market in South Korea was valued at KRW394.14 billion in 2020. The market is projected to grow at a CAGR of more than 3% during the forecast period. In 2020, compound cooking fats (CCF) accounted for a major share of the market, followed by lard. Lard is also expected to be the fastest-growing segment of the solid fats market in the forecast period while shortening is the weakest performing segment. In 2020, the largest segment of the solid fats market in volume terms was compound cooking fats (CCF) with lard in the second position.
The South Korea solid fats market research report provides up-to-date market size data for the period 2015-2020 and an illustrative forecast to 2025 premised on the COVID-19 hit, covering key market aspects like sales value and volume for solid fats and its variants compound cooking fats (CCF), ghee, lard, other solid fats, and shortening.
South Korea solid fats market overview
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What are the key segments in the South Korea solid fats market?
The key segments in the solid fats market in South Korea are compound cooking fats (CCF), lard, other solid fats, shortening, and ghee. In 2020, compound cooking fats (CCF) was the largest segment in the market in terms of value and volume. Lard was the fastest-growing segment during the review period.
South Korea solid fats market, by segments
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What are the key distribution channels in the South Korea solid fats market?
The key distribution channels in the solid fats market in South Korea are hypermarkets and supermarkets, convenience stores, and food and drinks specialists. Hypermarkets and supermarkets dominated the market and convenience stores registered the fastest growth in the review period.
South Korea solid fats market, by distribution channel
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Which are the key brands in the South Korea solid fats market?
Some of the key brands in the South Korea solid fats market are Cj, Ottogi, and Haepyo. In 2020, Cj led the South Korea solid fats market both by value and by volume. Haepyo has shown the fastest growth during the review period by value and Cj has shown the fastest growth during the review period by volume.
Market report scope
Market size (Year – 2020) | KRW394.14 billion |
Growth rate | CAGR of >3% |
Forecast period | 2020-2025 |
Key segments | Compound Cooking Fats (CCF), Lard, Other Solid Fats, Shortening, Ghee |
Key distribution channels | Hypermarkets and Supermarkets, Convenience Stores, and Food and Drinks Specialists |
Key brands | Cj, Ottogi, and Haepyo |
This report provides:
- Overall solid fats (oils and fats) market value and volume analytics with growth analysis from 2015 to 2025.
- Value and volume terms for the top brands.
- Distribution channel sales analytics from 2017-2020.
Reasons to Buy
- Get access to authoritative and granular data on the solid fats (oils and fats) market and fill in the gaps in understanding trends and the components of change behind them.
- Enhance your understanding of the market to update your strategic and tactical plans based on volume and value changes, brand dynamics, and distribution trends.
- Analyze the components of change in the market by looking at historic and future growth patterns.
- Use the data to understand future patterns of the market trends from winners and losers to category dynamics and thereby quickly and easily identify the key areas in which you want to compete in the future.
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Frequently asked questions
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What was the South Korea solid fats market size in 2020?
The solid fats market in South Korea was valued at KRW394.14 billion in 2020.
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What is the South Korea solid fats market growth rate?
The solid fats market in South Korea is projected to grow at a CAGR of more than 3% during the forecast period.
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What are the key segments in the South Korea solid fats market?
The key segments in the South Korean solid fats market are compound cooking fats (CCF), lard, other solid fats, shortening, and ghee.
-
What are the key distribution channels in the South Korea solid fats market?
The key distribution channels in the South Korean solid fats market are hypermarkets and supermarkets, convenience stores, and food and drinks specialists.
-
What are the key brands in the South Korea solid fats market?
Some of the key brands in the South Korean solid fats market are Cj, Ottogi, and Haepyo.
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