Country Profile: Syrups & Spreads in South Korea

The South Korean syrups & spreads sector is led by the sweet spread category in value terms, while syrups category is forecast to register the fastest growth during 2018-2023 in value terms. Hypermarkets & supermarkets is the leading distribution channel in the country. Glass is the most commonly used pack material, followed by rigid plastics and flexible packaging in 2018. Ottogi Co, Ltd., Bokumjari Co Ltd and Mars, Incorporated are the leading players in the South Korean syrups & spreads sector.

GlobalData’s Country Profile report on the Syrups & Spreads 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.

Scope

- The South Korean syrups & spreads sector is expected to grow at a CAGR of 1.9% by value during 2018–2023

- The South Korean consumers prefer value for money products in the syrups & spreads sector

- Per capita consumption of sweet spreads was higher compared to other syrups & spreads categories in South Korea

- Hypermarkets & supermarkets is the leading distribution channel in the South Korean syrups & spreads sector

- Ottogi Co, Ltd. is the leading company in the syrups & spreads sector

- The health & wellness market is led by the syrups category in the South Korean syrups & spreads sector

- Glass is the most commonly used pack material in the South Korean syrups & spreads 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.

Companies mentioned

Ottogi Co Ltd.

Bokumjari Co Ltd

Mars

Incorporated

Dongwon F&B

Ferrero

Nekutli

The J.M. Smucker Company

Nuscoco. Ltd.

Hormel Foods Corporation

Armella

Ottogi Co Ltd.

Bokumjari Co Ltd

Mars

Incorporated

Dongwon F&B

Ferrero

Nekutli

The J.M. Smucker Company

Nuscoco. Ltd.

Hormel Foods Corporation

Armella

Table of Contents

Table of Contents

Report scope

Executive summary

South Korea in the global and regional context

South Korea in the global and Asia-Pacific syrups & spreads ...

Table of Contents

Report scope

Executive summary

South Korea in the global and regional context

South Korea in the global and Asia-Pacific syrups & spreads sector

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

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

Sector analysis - syrups & spreads

Country snapshot - syrups & spreads sector in South Korea

Value and volume analysis - syrups & spreads sector in South Korea

Degree of trading up/down in the South Korean Syrups & Spreads sector

Cross category comparison - value and growth rate

Change in category share by value

Cross category comparison - volume and growth rate

Change in category share by volume

Per capita consumption analysis by category

Category analysis: jams, jellies & preserves

Segment analysis (in value terms): jams, jellies & preserves

Segment analysis (in volume terms): jams, jellies & preserves

Category analysis: molasses

Category analysis: savory spreads

Segment analysis (in value terms): savory spreads

Segment analysis (in volume terms): savory spreads

Category analysis: sweet spreads

Segment analysis (in value terms): sweet spreads

Segment analysis (in volume terms): sweet spreads

Category analysis: syrups

Distribution analysis

Distribution channel share analysis: syrups & spreads

Distribution channel share analysis by category

Competitive landscape

Leading companies (in value and volume terms) in the syrups & spreads sector, 2018

Top 5 companies share by brand (in value terms and volume terms) in the syrups & spreads sector, 2018

Brand shares of top five companies (in value terms and volume terms) by category, 2018

Private label share analysis by category

Growth of private labels compared to branded products

Degree of consolidation/fragmentation by category

Health & wellness

Health & wellness trend analysis

Health & wellness market analysis by product attribute

Health & wellness market analysis by consumer benefit

Category comparison - with health & wellness and without health & wellness claims

Packaging analysis

Pack material

Pack type

Closure type

Consumergraphics

Demographic analysis

Macroeconomic analysis

Economic summary, labor market trends, and demographic trends

GlobalData country risk index (GCRI)

Methodology

Definitions

Appendix

List of Tables

List of Tables

Country snapshot - leading value categories and fastest-growing segments

Cross category comparison - by value (2013–2023)

Cross category comparison - by volume ...

List of Tables

Country snapshot - leading value categories and fastest-growing segments

Cross category comparison - by value (2013–2023)

Cross category comparison - by volume (2013–2023)

Per capita consumption (by category), South Korea compared to Asia-Pacific and global levels (in gm), 2018

Jams, jellies & preserves - value analysis by segment, 2013–2023

Jams, jellies & preserves - volume analysis by segment, 2013–2023

Savory spreads - value analysis by segment, 2013–2023

Savory spreads - volume analysis by segment, 2013–2023

Sweet spreads - value analysis by segment, 2013–2023

Sweet spreads - volume analysis by segment, 2013–2023

Change in distribution share, 2013–2018

Top 5 companies share by brand (in value terms and volume terms) in the syrups & spreads sector, 2018

Brand shares of top five companies (in value terms and volume terms) by category, 2018

Category comparison - with health & wellness and without health & wellness claims, 2013–2023

Performance overview (score: 1-100)

Category data, by segment

Per capita consumption (in kg), 2013–2023

Per capita expenditure, 2013–2023

Syrups & spreads sales distribution in South Korea - by category, 2018

Company share (in value and volume terms) in the syrups & spreads sector, 2018

Brand shares of top five companies (in value terms and volume terms) by category, 2018

Key health & wellness product attributes driving sales in South Korea, 2013–2023

Key health & wellness consumer benefits driving sales in South Korea, 2013–2023

Pack material (in million pack units), 2013–2023

Pack materials by category (in million pack units), 2018

Pack type (in million pack units), 2013–2023

Pack types by category (in million pack units), 2018

Closure type (in million pack units), 2013–2023

Closure types by category (in million pack units), 2018

Real GDP and annual growth (%), 2015–2023

Nominal GDP and annual growth (%), 2015–2023

Consumer price inflation (%), 2015–2023

Employed people and unemployment rate (%), 2015–2023

Nominal household final consumption expenditure and annual growth (%), 2015–2023

Population and annual growth (%), 2015–2023

Population by age group (%)

Population by gender (%)

Population by rural-urban split (%)

Exchange rates, 2013–2023

Value/volume change at segment level

List of Figures

List of Figures

Value and volume share of South Korea in the global and Asia-Pacific syrups & spreads sector, 2018–2023

South Korea compared to the ...

List of Figures

Value and volume share of South Korea in the global and Asia-Pacific syrups & spreads sector, 2018–2023

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

PCC comparison - South Korea, Asia-Pacific, and global, 2013–2023

PCE comparison - South Korea, Asia-Pacific, and global, 2013–2023

Market size and growth analysis by value and volume, syrups & spreads sector, 2013–2023

Extent to which consumers are trading up or down in the Syrups & Spreads sector

Cross category comparison - by value growth rate (2013–2023)

Change in category share (in value terms), 2018–2023

Cross category comparison - by volume growth rate (2013–2023)

Change in category share (in volume terms), 2018–2023

Market size and growth analysis by value and volume, jams, jellies & preserves category, 2013–2023

Market size and growth analysis by value and volume, molasses category, 2013–2023

Market size and growth analysis by value and volume, savory spreads category, 2013–2023

Market size and growth analysis by value and volume, sweet spreads category, 2013–2023

Market size and growth analysis by value and volume, syrups category, 2013–2023

Share of key distribution channels (in value terms) - syrups & spreads, 2018

Key distribution channel share by category (in value terms), 2018

Leading companies (in value and volume terms) in the syrups & spreads sector, 2018

Private label penetration by category (in value terms), 2018

Growth analysis, private label and brands, 2013–2018

Category-wise consolidation/fragmentation (in value terms) - syrups & spreads, 2018

Value of health & wellness claims by category, 2018–2023

Contribution of health & wellness by product attributes, 2018–2023

Contribution of health & wellness by consumer benefits, 2018–2023

Key pack materials in the South Korean syrups & spreads sector, percentage share of pack units, 2018

Annual growth rate by key pack material, 2013–2023

Use of pack material by category (in pack units), 2018

Key pack types in the South Korean syrups & spreads sector, percentage share of pack units, 2018

Annual growth rate by key pack type, 2013–2023

Use of pack type by category (in pack units), 2018

Key closure types in the South Korean syrups & spreads sector, percentage share of pack units, 2018

Annual growth rate by key closure type, 2013–2023

Use of closure type by category (in pack units), 2018

Demographic analysis

Real GDP value and annual growth (%)

Nominal GDP value and annual growth (%)

Consumer price inflation (%)

Nominal household final consumption expenditure growth (%)

Population (millions) and annual growth (%)

Population by age group (%)

Population by gender (%)

Population by rural-urban split (%)

Employed people (millions) and unemployment rate (%)

Five lowest risk nations in GCRI Q4 2018

Five highest risk nations in GCRI Q4 2018

Country risk analysis - South Korea compared to Asia-Pacific and the world

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