Consumer and Market Insights: Seasonings, Dressings and Sauces Market in South Korea

Date: 2015-10

The growth in the South Korean consumer goods is supported by increasing GDP per capita and a large young population base. The Seasonings, Dressings and Sauces market is led by the Condiment Sauces category in both value and volume terms, and the Bouillons and Stocks category is forecast to register the fastest growth during 2014-2019. The Tomato Pastes and Purees category is forecast to gain market share during 2014-2019.

Key Findings
– The South Korean Seasonings, Dressings and Sauces grew at a CAGR of 5.6% during 2009-2014.It is forecast to register higher growth at a CAGR of 5.8% during 2014-2019

– The food price inflation was reported at 2.0% and has resulted in a trading down scenario, where consumers gave higher preference for value products.

– Of all the categories analysed, the Condiment Sauces category is the leading value category which accounted for 20.3% of the Seasonings, Dressings and Sauces market in 2014.

– Box outers were used for packing 16.8% of Bouillons and Stocks category and 4.6% of Herbs, Spices and Seasonings category.

Canadean’s Consumer and Market Insights report on the Seasonings, Dressings and Sauces in South Korea provides insights on high growth categories to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.

What else is contained?

– Market data: Overall market value and volume data with growth analysis for 2014-2019

– Category coverage: Value and growth analysis for Condiment Sauces, Bouillons and Stocks, Dips, Dressings, Dry Cooking Sauces, Chutneys and Relishes, Herbs, Spices and Seasonings, Wet Cooking Sauces, Tomato Pastes and Purees, with inputs on individual segment share within each category and the change in their market share forecast for 2014-2019

– Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2014

– Distribution data: Value shares within each category through channels such as Hypermarkets and Supermarkets, Convenience Stores, Food and Drinks Specialists and more

– Packaging data: consumption breakdown for packaging materials and containers in each category, in terms of percentage share of number of units sold. Packaging material data for flexible packaging, rigid plastics, rigid metal and others; container data for: trays, tubs, foils and others.

– Identify high potential categories and explore further market opportunities based on detailed value and volume analysis

– Existing and new players can analyse key distribution channels to identify and evaluate trends and opportunities

– Gain an understanding of the total competitive landscape based on detailed brand 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.”

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