Cooking Oils (Oils and Fats) Market in South Korea – Outlook to 2025; Market Size, Growth and Forecast Analytics
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South Korea Cooking Oils Market Overview
The South Korea cooking oils market was valued at KRW2,645.20 billion in 2020. The market is projected to grow at a CAGR of more than 3% during the forecast period. In 2020, the vegetable oil segment accounted for a major share, while other edible oils stood in the second position. Vegetable oil is expected to be the fastest-growing segment and olive oil is the weakest performing segment in the forecast period. Moreover, the largest segment of the oil market in volume terms was vegetable oil followed by sunflower oil. Within the distribution channels, hypermarkets and supermarkets accounted for a majority share of the market for oils.
The South Korea cooking oils market research report provides up-to-date market size data for the period 2015-2020 and an illustrative forecast to 2025 premised on the COVID-19 hit, covering key market aspects like sales value and volume for oils and its variants, cooking sprays, corn oil, olive oil, other edible oils, sunflower oil, and vegetable oil.
South Korea cooking oils market overview
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What are the key segments in the South Korea cooking oils market?
The key segments in the South Korea cooking oils market are vegetable oil, other edible oils, olive oil, sunflower oil, corn oil, and cooking sprays. In 2020, vegetable oil was the largest segment in the South Korea oils market both in terms of value and volume. It was also the fastest-growing segment during the review period.
South Korea cooking oils market, by segments
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What are the key distribution channels in the South Korea cooking oils market?
The key distribution channels in the cooking oils market in South Korea are hypermarkets and supermarkets, convenience stores, and food and drinks specialists. Hypermarkets and supermarkets dominated the market and convenience stores registered the fastest growth in the review period.
South Korea cooking oils market, by distribution channels
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Which are the key brands in the South Korea cooking oils market?
Some of the key brands in the cooking oils market in South Korea are Beksul, Q.One, Haepyo, Ottogi, Dongwon, Filippo Berio, Olitalia, and Monini. In 2020, Beksul led the market both in terms of value and volume. Olitalia has shown the fastest growth during the review period.
South Korea cooking oils market, by key brands
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Market report scope
Market size (Year – 2020) | KRW 2,645.20 billion |
Growth rate | CAGR of >3% |
Forecast period | 2020-2025 |
Key segments | Vegetable Oil, Other Edible Oils, Olive Oil, Sunflower Oil, Corn Oil, and Cooking Sprays |
Key distribution channels | Hypermarkets and Supermarkets, Convenience Stores, and Food and Drinks Specialists |
Key brands | Beksul, Q.One, Haepyo, Ottogi, Dongwon, Filippo Berio, Olitalia, and Monini |
This report provides:
- Overall cooking oils (oils and fats) market value and volume analytics with growth analysis from 2015 to 2025.
- Value and volume terms for the top brands.
- Distribution channel sales analytics from 2017-2020.
Reasons to Buy
- Get access to authoritative and granular data on the cooking oils (oils and fats) market and fill in the gaps in understanding of trends and the components of change behind them.
- Enhance your understanding of the market to update your strategic and tactical plans based on volume and value changes, brand dynamics, and distribution trends.
- Analyze the components of change in the market by looking at historic and future growth patterns.
- Use the data to understand future patterns of the market trends from winners and losers to category dynamics and thereby quickly and easily identify the key areas in which you want to compete in the future.
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Frequently asked questions
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What was the South Korea cooking oils market size in 2020?
The cooking oils market in South Korea was valued at KRW2,645.20 billion in 2020.
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What is the South Korea cooking oils market growth rate?
The cooking oils market in South Korea is projected to grow at a CAGR of more than 3% during the forecast period.
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What are the key segments in the South Korea cooking oils market?
The key segments in the South Korean cooking oils market are vegetable oil, other edible oils, olive oil, sunflower oil, corn oil, and cooking sprays.
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What are the key distribution channels in the South Korea cooking oils market?
The key distribution channels in the cooking oils market in South Korea are hypermarkets and supermarkets, convenience stores, and food and drinks specialists.
-
What are the key brands in the South Korea cooking oils market?
Some of the key brands in the cooking oils market in South Korea are Beksul, Q.One, Haepyo, Ottogi, Dongwon, Filippo Berio, Olitalia, and Monini.
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