Fermented Meats (Savory and Deli Foods) Market in South Korea – Outlook to 2025; Market Size, Growth and Forecast Analytics
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South Korea Fermented Meats Market Overview
The South Korea fermented meats market was valued at KRW256.56 billion in 2020. The market is projected to grow at a CAGR of more than 2% during the forecast period. In 2020, the pepperoni segment accounted for a major share while chorizo stood in the second position. Other (fermented meats) is expected to be the fastest-growing segment of the market and salami is the weakest in the forecast period. Moreover, the largest segment in volume terms was salami followed by pepperoni. Within the distribution channels, hypermarkets and supermarkets accounted for a majority share of the market while food and drinks specialists was the slowest operating channel.
The South Korea fermented meats 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 fermented meats and its variants chorizo, pepperoni, salami & other (fermented meats).
South Korea fermented meats market overview
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What are the key segments in the South Korea fermented meats market?
The key segments in the fermented meats market in South Korea are pepperoni, chorizo, salami, and other fermented meats. In 2020, pepperoni was the largest segment in terms of value and salami was the largest segment in terms of volume. During the review period, Other fermented meats was the fastest-growing segment by value and chorizo was the fastest-growing segment by volume.
South Korea fermented meats market, by segment
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What are the key distribution channels in the South Korea fermented meats market?
The key distribution channels in the fermented meats market in South Korea are hypermarkets and supermarkets, food and drinks specialists, convenience stores, and cash and carries and warehouse clubs. Hypermarkets and supermarkets dominated the market.
South Korea fermented meats market, by distribution channels
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Market report scope
Market size (Year – 2020) | KRW256.56 billion |
Growth rate | CAGR of >2% |
Forecast period | 2020-2025 |
Key segments | Pepperoni, Chorizo, Salami, and Other Fermented Meats |
Key distribution channels | Hypermarkets and Supermarkets, Food and Drinks Specialists, Convenience Stores, and Cash and Carries and Warehouse Clubs |
This report provides:
- Overall fermented meats (savory & deli foods) market value and volume analytics with growth analysis from 2015 to 2025.
- Distribution channel sales analytics from 2017-2020.
Reasons to Buy
- Get access to authoritative and granular data on the fermented meats (savory & deli foods) 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 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 fermented meats market size in 2020?
The fermented meats market size in South Korea was valued at KRW256.56 billion in 2020.
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What is the South Korea fermented meats market growth rate?
The fermented meats market in South Korea is projected to grow at a CAGR of more than 2% during the forecast period.
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What are the key segments in the South Korea fermented meats market?
The key segments in the fermented meats market in South Korea are pepperoni, chorizo, salami, and other fermented meats.
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What are the key distribution channels in the South Korea fermented meats market?
The key distribution channels in the fermented meats market in South Korea are hypermarkets and supermarkets, food and drinks specialists, convenience stores, cash and carries and warehouse clubs.
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