Consumer and Market Insights: Fish & Seafood in South Korea
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Fish & Seafood is a staple food in South Korean diet and the market in will continue to grow at a healthy rate during 2015-2020. Fresh Fish & Seafood (Counter) is the leading value category in the Fish & Seafood market in 2015 and is forecast to register fastest growth during 2015-2020 as South Korean consumers consider fresh and wild-caught Fish & Seafood to be of better quality and taste wise superior. However, with rising concern over safety of locally caught Fish & Seafood products in South Korea after Fukushima nuclear disaster in neighboring Japan, demand for imported products from far-off Russia and Norway will be preferred.
Scope
• Fish & Seafood market in South Korea will register higher growth in value terms during 2015-2020 compared to 2010-2015
• The Fresh Fish & Seafood (Counter) category has the largest volume share in the overall Fish & Seafood market
• The Fresh Fish & Seafood (Counter) category will register fastest growth during 2015-2020
• Hypermarkets & Supermarkets is the leading distribution channel in South Korean Food market
• Rigid Metal is the most commonly used packaging material in the Fish & Seafood market
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 brand share analysis to plan effective market positioning
Access the key and most influential consumer trends driving Fish & Seafood products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
Access to analysis on products launched in the market
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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