South Korea Prepared Meals Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026
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The prepared meals market in South Korea was valued at KRW798.1 billion in 2021. The market is projected to grow at a CAGR of more than 4% during the forecast period. In 2021, the South Korean prepared meals market was led by the ready meals category in both value and volume terms. Furthermore, the ready meals category is forecasted to register the fastest value and volume growth during 2021-2026.
The South Korea prepared meals market report on the prepared meals sector in South Korea provides insights on high-growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data, and companies’ market shares.
South Korea prepared meals market overview
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What is the city-level outlook of the South Korea prepared meals sector?
The top seven cities in the South Korean prepared meals sector are Seoul, Busan, Incheon, Daegu, Daejeon, Ulsan, and Gwangju. Seoul emerged as the largest prepared meals market in South Korea in 2021, followed by Busan and Incheon.
Prepared meals market in South Korea, by cities
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What are the key categories in the South Korea prepared meals market?
The key categories in the South Korean prepared meals market are meal kits, pizza, and ready meals. Ready meals led the South Korean prepared meals sector in 2021 followed by pizza and meal kits.
Meal kits market in South Korea
The meal kits category can be further segmented into ambient meal kits, chilled meal kits, and frozen meal kits. The chilled meal kits segment had the highest market share in the meal kits category in 2021.
Pizza market in South Korea
The pizza category can be further segmented into chilled pizza and frozen pizza. The chilled pizza segment had the highest market share in the pizza category in 2021.
Ready meals market in South Korea
The ready meals category can be further segmented into ambient ready meals, chilled ready meals, dried ready meals, and frozen ready meals. The ambient ready meals segment had the highest market share in the ready meals category in 2021.
Prepared meals market in South Korea, by category
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What are the key distribution channels in the South Korea prepared meals market?
The key distribution channels in the South Korean prepared meals market are convenience stores, hypermarkets & supermarkets, food & drinks specialists, E-retailers, cash & carries & warehouse clubs, and others. Hypermarkets & supermarkets is the leading distribution channel in the South Korean prepared meals sector followed by convenience stores and food & drinks specialists.
Prepared meals market in South Korea, by distribution channel
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Which are the key companies in the South Korean prepared meals market?
The key companies in the South Korean prepared meals market are Cj Group, Ottogi Co Ltd, Dongwon F&B, Pulmuone Co. Ltd., Nongshim Co Ltd, Private Labels, and others.
Prepared meals market in South Korea, by companies
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Market report scope
Market size (Year – 2021) | KRW798.1 billion |
Growth rate (CAGR) | >4% |
Forecast period | 2021-2026 |
Key cities | Seoul, Busan, Incheon, Daegu, Daejeon, Ulsan, and Gwangju |
Key categories | Meal Kits, Pizza, and Ready Meals |
Key distribution channels | Convenience Stores, Hypermarkets & Supermarkets, Food & Drinks Specialists, E-retailers, Cash & Carries & Warehouse Clubs, and Others |
Key companies | Cj Group, Ottogi Co Ltd, Dongwon F&B, Pulmuone Co. Ltd., Nongshim Co Ltd, and Private Labels |
Scope
- Per capita consumption and per capita expenditure of prepared meals were higher in South Korea than both the global and regional levels in 2021
- Hypermarkets & supermarkets were the leading distribution channel in the Russian prepared meals sector in 2021
- Percentage of sales within each category through distribution channels
- Consumption breakdown for package materials and pack types in each category, in terms of percentage share of the number of units sold.
- Overall sector value and volume data with growth analysis for 2016-2026
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 company share analysis to plan effective market positioning
- Our team of analysts has 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 an economic summary of the country along with the labor market and demographic trends.
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Frequently asked questions
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What was the South Korea prepared meals market size in 2021?
The South Korean prepared meals sector was valued at KRW798.1 billion in 2021.
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What is the South Korea prepared meals sector growth rate?
The South Korean prepared meals sector is projected to grow at a CAGR of more than 4% during the forecast period.
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Which are the key cities in the South Korea prepared meals market?
The top seven cities in the South Korean prepared meals sector are Seoul, Busan, Incheon, Daegu, Daejeon, Ulsan, and Gwangju.
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What are the key categories in the South Korea prepared meals market?
The key categories in the South Korean prepared meals sector are meal kits, pizza, and ready meals.
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What are the key distribution channels in the South Korea prepared meals market?
The key distribution channels in the South Korean prepared meals sector are convenience stores, hypermarkets & supermarkets, food & drinks specialists, E-retailers, cash & carries & warehouse clubs, and others.
-
Which are the key companies in the South Korea prepared meals market?
The key companies in the South Korean prepared meals sector are Cj Group, Ottogi Co Ltd, Dongwon F&B, Pulmuone Co. Ltd., Nongshim Co Ltd, Private Labels, and Others.
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