Country Profile: Soups in South Korea

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Published: March 30, 2018 Report Code: CS4962MF-ST

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The South Korean soups sector is led by the dried soup (mixes) category, in both value and volume terms in 2017. The category is also expected to register the fastest value growth during 2017-2022. Hypermarkets & supermarkets is the leading channel for the distribution of soup in the country. Flexible packaging is the most commonly used pack material in the sector, while rigid plastics is forecast to grow the fastest during 2017-2022.Ottogi Co, Ltd., Ajinomoto Group and Daesang are the leading market players in the South Korean soups sector.

GlobalData’s Country Profile report on the soups 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 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 2017-2022
– Leading players: Market share of brands 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, eRetailers 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. Package material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; Pack data for: Bottle, Can, Stand up pouch, Tube, Tub, Aerosol, Bag/Sachet, and Jar.

Scope

– The South Korean soups sector is forecast to register an overall volume growth of 19.6% during 2017-2022.

– Dried soup (mixes) is the leading category in both value and volume terms.

– Hypermarkets & supermarkets is the largest distribution channel in the South Korean soups sector.

– Ottogi is the leading brand in the South Korean soups sector.

– Flexible packaging is the most commonly used pack material in the South Korean soups sector.

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

– 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, rurral-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.
Ajinomoto Group
Daesang
Campbells Soup Company
Unilever
Cj Group
Nongshim

Table of Contents

Table of Contents

Report scope 2 – 3

Executive summary 10 – 11

South Korea in the global and regional context 12 – 15

South Korea in the global and Asia-Pacific soups sector 13

South Korea compared to other leading countries in Asia-Pacific 14

Per capita consumption and expenditure – South Korea compared to Asia-Pacific and global levels 15

Sector analysis – soups 16 – 30

Country snapshot – soups sector in South Korea 17

Value and volume analysis – soups sector in South Korea 18

Cross category comparison – value and growth rate 19

Change in category share by value 20

Cross category comparison – volume and growth rate 21

Change in category share by volume 22

Per capita consumption analysis by category 23

Category analysis: ambient soup 24

Category analysis: chilled soup 25

Category analysis: dried soup (mixes) 26

Segment analysis (in value terms): dried soup (mixes) 27

Segment analysis (in volume terms): dried soup (mixes) 28

Category analysis: frozen soup 29

Category analysis: UHT soup 30

Distribution analysis 31 – 33

Distribution channel share analysis: soups 32

Distribution channel share analysis by category 32 – 33

Competitive landscape 34 – 38

Brand share analysis by sector 35

Brand share analysis by category 36-37

Degree of consolidation/fragmentation by category 38

Packaging analysis 39 – 43

Pack material 40

Pack type 41

Closure type 42

Primary outer type 43

Macroeconomic analysis 44 – 50

Economic Summary, Labor market trends and Demographic trends 48

GlobalData Country Risk Index (GCRI) 49 – 50

Methodology 51 – 53

Definitions 54 – 58

Appendix 59 – 79

Table

List of Tables

Value and volume share of South Korea in the global and Asia-Pacific soups sector, 2017-2022 13

Country snapshot – leading value categories and fastest-growing segments 17

Cross category comparison – by value (2012-2022) 19

Cross category comparison – by volume (2012-2022) 21

Per capita consumption (by category), South Korea compared to Asia-Pacific and global levels (in units), 2017 23

Dried soup (mixes) category – value analysis by segment, 2012-2022 27

Dried soup (mixes) category – volume analysis by segment, 2012-2022 28

Change in distribution share, 2012-2017 32

Performance overview (score: 1-100) 50

Category value and volume data, by segment 60 – 64

Per capita consumption (in units), 2012-2022 65

Per capita expenditure, 2012-2022 65

Soups sales distribution in South Korea- by category, 2017 66

Brand share (in value terms) in the soups sector, 2017 67

Brand share (in value terms) in the soups sector by category, 2017 68 – 69

Package material (in million pack units), 2012-2022 70

Package materials by category (in million pack units), 2017 70

Pack type (in million pack units), 2012-2022 71

Pack types by category (in million pack units), 2017 71

Closure type (in million pack units), 2012-2022 72

Closure types by category (in million pack units), 2017 72

Primary outer type (in million pack units), 2012-2022 73

Primary outer types by category (in million pack units), 2017 73

Economic indicators 74 – 76

Figures

List of Figures

South Korea compared to other top countries in terms of market share, growth, and competitive landscape 14

PCC comparison – South Korea, Asia-Pacific, and global, 2012-2022 15

PCE comparison – South Korea, Asia-Pacific, and global, 2012-2022 15

Market size and growth analysis by value and volume, soups sector, 2012-2022 18

Cross category comparison – by value growth rate (2012-2022) 19

Change in category share (in value terms), 2017-2022 20

Cross category comparison – by volume growth rate (2012-2022) 21

Change in category share (in volume terms), 2017-2022 22

Market size and growth analysis by value and volume, ambient soup category , 2012-2022 24

Market size and growth analysis by value and volume, chilled soup category , 2012-2022 25

Market size and growth analysis by value and volume, dried soup (mixes) category , 2012-2022 26

Market size and growth analysis by value and volume, frozen soup category , 2012-2022 29

Market size and growth analysis by value and volume, UHT soup category , 2012-2022 30

Share of key distribution channels, 2017 – soups 32

Key distribution channel share by category, 2017 32 – 33

Leading brands (in value and volume terms) in the soups sector, 2017 35

Leading brands (in value and volume terms) by category in the soups sector, 2017 36 – 37

Category-wise consolidation/fragmentation (in value terms) – Soups, 2017* 38

Key package materials in the South Korean soups sector, percentage share of pack units, 2017 40

Annual growth rate by key package material, 2012-2022 40

Use of package material by category (in pack units), 2017 40

Key pack types in the South Korean soups sector, percentage share of pack units, 2017 41

Annual growth rate by key pack type, 2012-2022 41

Use of pack type by category (in pack units), 2017 41

Key closure types in the South Korean soups sector, percentage share of pack units, 2017 42

Annual growth rate by key closure type, 2012-2022 42

Use of closure type by category (in pack units), 2017 42

Key primary outer typed in the South Korean soups sector, percentage share of pack units, 2017 43

Annual growth rate by key primary outer type, 2012-2022 43

Use of primary outer type by category (in pack units), 2017 43

Macroeconomic analysis – Real GDP value & growth year on year % 45

Macroeconomic analysis – Nominal GDP value & growth year on year % 45

Macroeconomic analysis – Consumer Price Inflation % 45

Macroeconomic analysis – Household consumption expenditure growth 45

Macroeconomic analysis – Population (millions) and annual growth (%) 46

Macroeconomic analysis – Population by age group (%) 46

Macroeconomic analysis – Population by gender (%) 46

Macroeconomic analysis – Population by rural-urban split (%) 46

Macroeconomic analysis – Employed people (millions) and unemployment rate (%) 47

Five lowest risk nations in GCRI Q4 2016 49

Five highest risk nations in GCRI Q4 2016 49

South Korea’s performance in country risk analysis in comparison to Asia and World 50

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