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Solid Fats (Oils and Fats) Market in South Korea – Outlook to 2025; Market Size, Growth and Forecast Analytics

The solid fats market in South Korea was valued at KRW394.14 billion in 2020. The market is projected to grow at a CAGR of more than 3% during the forecast period. In 2020, compound cooking fats (CCF) accounted for a major share of the market, followed by lard. Lard is also expected to be the fastest-growing segment of the solid fats market in the forecast period while shortening is the weakest performing segment. In 2020, the largest segment of the solid fats market in volume terms was compound cooking fats (CCF) with lard in the second position.

The South Korea solid fats 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 solid fats and its variants compound cooking fats (CCF), ghee, lard, other solid fats, and shortening.

South Korea solid fats market overview

South Korea solid fats market overview

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What are the key segments in the South Korea solid fats market?

The key segments in the solid fats market in South Korea are compound cooking fats (CCF), lard, other solid fats, shortening, and ghee. In 2020, compound cooking fats (CCF) was the largest segment in the market in terms of value and volume. Lard was the fastest-growing segment during the review period.

South Korea solid fats market, by segments

South Korea solid fats market, by segments

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What are the key distribution channels in the South Korea solid fats market?

The key distribution channels in the solid fats 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 solid fats market, by distribution channel

South Korea solid fats market, by distribution channel

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Which are the key brands in the South Korea solid fats market?

Some of the key brands in the South Korea solid fats market are Cj, Ottogi, and Haepyo. In 2020, Cj led the South Korea solid fats market both by value and by volume. Haepyo has shown the fastest growth during the review period by value and Cj has shown the fastest growth during the review period by volume.

Market report scope

Market size (Year – 2020) KRW394.14 billion
Growth rate CAGR of >3%
Forecast period 2020-2025
Key segments Compound Cooking Fats (CCF), Lard, Other Solid Fats, Shortening, Ghee
Key distribution channels Hypermarkets and Supermarkets, Convenience Stores, and Food and Drinks Specialists
Key brands Cj, Ottogi, and Haepyo

This report provides:

  • Overall solid fats (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 solid fats (oils and fats) market and fill in the gaps in understanding 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.

Table of Contents

1 Solid Fats Market Overview

2 South Korea Solid Fats Market Analytics, 2015–25

2.1 Solid Fats Value Analytics, 2015–25

2.1.1 Solid Fats Market by Value, 2015–25

2.1.2 Solid Fats Market Value by Segments, 2015–25

2.2 Solid Fats Volume Analytics, 2015–25

2.2.1 Solid Fats Market by Volume, 2015–25

2.2.2 Solid Fats Market Volume by Segments, 2015–25

3 South Korea Solid Fats Market Analytics, by Segment 2015–25

3.1 Compound Cooking Fats (CCF) Analytics, 2015–25

3.1.1 Compound Cooking Fats (CCF) Market by Value, 2015–25

3.1.2 Compound Cooking Fats (CCF) Market by Volume, 2015–25

3.2 Ghee Analytics, 2015–25

3.2.1 Ghee Market by Value, 2015–25

3.2.2 Ghee Market by Volume, 2015–25

3.3 Lard Analytics, 2015–25

3.3.1 Lard Market by Value, 2015–25

3.3.2 Lard Market by Volume, 2015–25

3.4 Shortening Analytics, 2015–25

3.4.1 Shortening Market by Value, 2015–25

3.4.2 Shortening Market by Volume, 2015–25

3.5 Other Solid Fats Analytics, 2015–25

3.5.1 Other Solid Fats Market by Value, 2015–25

3.5.2 Other Solid Fats Market by Volume, 2015–25

4 South Korea Solid Fats Brand Analytics, 2017–20

4.1 Solid Fats Brand Analytics by Value, 2017–20

4.2 Solid Fats Brand Analytics by Volume, 2017–20

5 South Korea Solid Fats Distribution Channel Analytics by Value,2017–20

5.1 Solid Fats Distribution Channel Analytics by Value, 2017–20

6 Appendix

6.1 Definitions

6.1.1 Category Definitions

6.1.2 Distribution Channel Definitions

6.1.3 Volume Units and Aggregations

6.1.4 CAGR Definition and Calculation

6.1.5 Graphical representation of Brands

6.1.6 Exchange Rates

6.1.7 Methodology Summary

6.2 About GlobalData

6.3 Disclaimer

List of Tables

Table 1: South Korea Solid Fats Market Value (KRW m) and Growth (Y-o-Y), 2015–20

Table 2: South Korea Solid Fats Market Value (KRW m) and Growth (Y-o-Y), 2021–25

Table 3: South Korea Solid Fats Market Value (USD m) and Growth (Y-o-Y), 2015–25

Table 4: South Korea Solid Fats Market Value (KRW m) by Segments, 2015–20

Table 5: South Korea Solid Fats Market Value (KRW m) by Segments, 2020–25

Table 6: South Korea Solid Fats Market Value (USD m) by Segments, 2015–20

Table 7: South Korea Solid Fats Market Value (USD m) by Segments, 2020–25

Table 8: South Korea Solid Fats Market Volume (Kg m) and Growth (Y-o-Y), 2015–25

Table 9: South Korea Solid Fats Market Volume (Kg m) by Segments, 2015–20

Table 10: South Korea Solid Fats Market Volume (Kg m) by Segments, 2020–25

Table 11: South Korea Compound Cooking Fats (CCF) Market by Value (KRW m), 2015–20

Table 12: South Korea Compound Cooking Fats (CCF) Market by Value (KRW m), 2021–25

Table 13: South Korea Compound Cooking Fats (CCF) Market by Value (USD m), 2015–25

Table 14: South Korea Compound Cooking Fats (CCF) Market by Volume (Kg m), 2015–25

Table 15: South Korea Ghee Market by Value (KRW m), 2015–25

Table 16: South Korea Ghee Market by Value (USD m), 2015–25

Table 17: South Korea Ghee Market by Volume (Kg m), 2015–25

Table 18: South Korea Lard Market by Value (KRW m), 2015–20

Table 19: South Korea Lard Market by Value (KRW m), 2021–25

Table 20: South Korea Lard Market by Value (USD m), 2015–25

Table 21: South Korea Lard Market by Volume (Kg m), 2015–25

Table 22: South Korea Shortening Market by Value (KRW m), 2015–20

Table 23: South Korea Shortening Market by Value (KRW m), 2021–25

Table 24: South Korea Shortening Market by Value (USD m), 2015–25

Table 25: South Korea Shortening Market by Volume (Kg m), 2015–25

Table 26: South Korea Other Solid Fats Market by Value (KRW m), 2015–20

Table 27: South Korea Other Solid Fats Market by Value (KRW m), 2021–25

Table 28: South Korea Other Solid Fats Market by Value (USD m), 2015–25

Table 29: South Korea Other Solid Fats Market by Volume (Kg m), 2015–25

Table 30: South Korea Solid Fats Market Value by Brands (KRW m), 2017–20

Table 31: South Korea Solid Fats Market Value by Brands (USD m), 2017–20

Table 32: South Korea Solid Fats Market Volume by Brands (Kg m), 2017–20

Table 33: South Korea Solid Fats Market Value by Distribution Channel (KRW m), 2017–20

Table 34: South Korea Solid Fats Market Value by Distribution Channel (USD m), 2017–20

Table 35: Category Definitions – Solid Fats Market

Table 36: Distribution Channel Definitions Solid Fats Market

Table 37: Volume Units for Solid Fats Market

Table 38: South Korea Exchange Rate KRW – USD (Annual Average), 2015 – 2020

Table 39: South Korea Exchange Rate KRW – USD (Annual Average), 2021 – 2025 Forecast

List of Figures

Figure 1: South Korea Solid Fats Market Value (KRW m) and Growth (Y-o-Y), 2015–25

Figure 2: South Korea Solid Fats Market Value (KRW m) by Segments, 2015–25

Figure 3: South Korea Solid Fats Market Volume (Kg m) and Growth (Y-o-Y), 2015–25

Figure 4: South Korea Solid Fats Market Volume (Kg m) by Segments, 2015–25

Figure 5: South Korea Compound Cooking Fats (CCF) Market by Value (KRW m), 2015–25

Figure 6: South Korea Compound Cooking Fats (CCF) Market by Volume (Kg m), 2015–25

Figure 7: South Korea Ghee Market by Value (KRW m), 2015–25

Figure 8: South Korea Ghee Market by Volume (Kg m), 2015–25

Figure 9: South Korea Lard Market by Value (KRW m), 2015–25

Figure 10: South Korea Lard Market by Volume (Kg m), 2015–25

Figure 11: South Korea Shortening Market by Value (KRW m), 2015–25

Figure 12: South Korea Shortening Market by Volume (Kg m), 2015–25

Figure 13: South Korea Other Solid Fats Market by Value (KRW m), 2015–25

Figure 14: South Korea Other Solid Fats Market by Volume (Kg m), 2015–25

Figure 15: South Korea Solid Fats Market Value by Brands (KRW m), 2017–20

Figure 16: South Korea Solid Fats Market Volume by Brands (kgm), 2017–20

Figure 17: South Korea Solid Fats Market Value by Distribution Channel (KRW m), 2017–20

Frequently Asked Questions

The solid fats market in South Korea was valued at KRW394.14 billion in 2020.

 

 

 

 

The solid fats market in South Korea is projected to grow at a CAGR of more than 3% during the forecast period.

The key segments in the South Korean solid fats market are compound cooking fats (CCF), lard, other solid fats, shortening, and ghee.

The key distribution channels in the South Korean solid fats market are hypermarkets and supermarkets, convenience stores, and food and drinks specialists.

Some of the key brands in the South Korean solid fats market are Cj, Ottogi, and Haepyo.

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