"South Korea Food & Drink Report Q1 2015" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Jan 28 2015


Total food and drinks consumption in South Korea is expected to increase moderately over the forecast period between 2013 and 2018. The market is relatively mature with per capita spending on food and drinks items already high, which effectively limits the possibilities for more substantial expansion over the coming years. Nonetheless, food consumption growth will be sustained by a stable economic outlook and gradually strengthening consumer spending power, which will offer opportunities for premiumisation.

Headline Industry Data (l ocal c urrency)

* Total food consumption growth year-on-year (y-o-y) in 2014: +2.8%; compound annual growth rate (CAGR) 2013-2018: +4.7%.
* Per capita food consumption growth (y-o-y) in 2014: +2.3%; CAGR 2013-2018: +4.2%.
* Alcoholic drinks value sales growth (y-o-y) in 2014: +2.5%; CAGR 2013-2018: +4.7%.
* Soft drinks value sales growth (y-o-y) in 2014: +4.2%; CAGR 2013-2018: +5.6%.
* Total mass grocery retail sales growth (y-o-y) in 2014: +5.7%; CAGR 2013-2018: +8.4%.

Full Report Details at
- http://www.fastmr.com/prod/944745_south_korea_food_drink_report_q1_2015.aspx?afid=303

Key Industry Trends And Developments

Goldman Sachs Invests In South Korean Start-Up: In late November 2014, a group of investors led by US-based Goldman Sachs plans to invest KRW40bn (USD36.1mn) in South Korea's largest online and mobile food ordering startup Baedal Minjok. The series D investment will enable Baedal Minjok to expand internationally and create new technology. The food delivery service, which processed about 4mn orders from 145,000 registered restaurants in October 2014, is operated by Baedal Minjok's subsidiary Woowa Brothers.

Government Unveils Measures To Curb Cigarette Smoking: The South Korean government has proposed new measures aimed at reducing the consumption of cigarettes in the country. The new measures include a proposed 80% hike in the price of cigarettes, effective from January 1 2015. The government claims that the hike, which is subject to parliament's approval, will help reduce consumption by up to a third and...

The South Korea Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's South Korea Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in South Korea.

Key Benefits

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