Country Profile: Fish & Seafood in South Korea
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The fish & seafood sector in South Korea is led by the 'frozen fish & seafood (counter)' in both value and volume terms. 'Fresh fish & seafood (counter)' is expected to register the fastest value growth during 2017-2022. Hypermarkets & supermarkets held the largest market share among all the distribution channels in the fish & seafood products in the country. Rigid plastics is the most commonly used pack material in the sector, followed by rigid metal. Dongwon, Ottogi, Pulmuone and Sajo Chamchi are the leading brands in the South Korean fish & seafood sector.
GlobalData’s Country Profile report on the fish & seafood sector in South Korea provides insights on high growth categories to target, trends in the usage of package materials, category level distribution channel data and market share of brands.
What else is contained?
– Sector data: Overall sector value and volume data with growth analysis for 2012-2022
– Category coverage: Value and growth analysis for oils, and solid fats with inputs on individual segment share within each category and the change in their market share forecast for 2017-2022
– Leading players: Market share of brands and private labels in value terms in 2017
– Distribution data: Percentage of sales within each category through distribution channels such as cash & carries and warehouse clubs, hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, vending machine, department stores, and others
– 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 flexible packaging, paper & board, rigid plastics, rigid metal and others; pack type data for: Tray, can, stand up pouch, wrapper, blister pack, carton-folding, tub, and bag/sachet.
Scope
– South Korea accounted for a value share of 14% in the Asia Pacific fish & seafood sector in 2017
– The per capita consumption of fish & seafood was higher in South Korea compared to global and regional levels in 2017
– The ‘fresh fish & seafood (counter)’ category is expected to gain market share in value terms during 2017-2022
– The ‘fresh fish & seafood (counter)’ category is expected to gain market share in volume terms during 2017-2022.
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
– Manufacturers can identify the opportunities to position products with H&W attributes/benefits
– 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.
Ottogi Co Ltd.
Pulmuone Co.
ltd.
Sajo Group
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