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South Korea Prepared Meals Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 44 Pages
  • September 2023
  • Region: South Korea
  • MarketLine
  • ID: 5650947
Description Jump to:
Prepared Meals in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The Prepared meals market consists of the retail sale of ready meals, chilled & frozen pizzas and meal kits, which only require heating before serving or provided with prepared ingredients which are then combined to an individual's preference when being cooked. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 exchange rates.
  • The South Korean Prepared Meals market had total revenues of $2,296.6 million in 2022, representing a compound annual growth rate (CAGR) of 5.3% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 3.9% between 2017 and 2022, to reach a total of 130.5 million kilograms in 2022.
  • The performance of the market is forecast to decelerate, with an anticipated CAGR of 4% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $2,795.9 million by the end of 2027.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the prepared meals market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the prepared meals market in South Korea
  • Leading company profiles reveal details of key prepared meals market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea prepared meals market with five year forecasts

Reasons to Buy

  • What was the size of the South Korea prepared meals market by value in 2022?
  • What will be the size of the South Korea prepared meals market in 2027?
  • What factors are affecting the strength of competition in the South Korea prepared meals market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's prepared meals market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players in the South Korean prepared meals market?
7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2017-2022)?
7.4. Which companies market shares have suffered in the last 5 years (2017-2022)?
7.5. What are the most popular brands in the South Korean prepared meals market?
8 Company Profiles
8.1. CJ Corp
8.2. Ottogi Corp Ltd
8.3. Dongwon F&B Co Ltd
8.4. Pulmuone Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: South Korea prepared meals market value: $ million, 2017-22
Table 2: South Korea prepared meals market volume: million kilograms, 2017-22
Table 3: South Korea prepared meals market category segmentation: % share, by value, 2017-2022
Table 4: South Korea prepared meals market category segmentation: $ million, 2017-2022
Table 5: South Korea prepared meals market geography segmentation: $ million, 2022
Table 6: South Korea prepared meals market distribution: % share, by value, 2022
Table 7: South Korea prepared meals market value forecast: $ million, 2022-27
Table 8: South Korea prepared meals market volume forecast: million kilograms, 2022-27
Table 9: South Korea prepared meals market share: % share, by value, 2022
Table 10: CJ Corp: key facts
Table 11: CJ Corp: Annual Financial Ratios
Table 12: CJ Corp: Key Employees
Table 13: Ottogi Corp Ltd: key facts
Table 14: Ottogi Corp Ltd: Annual Financial Ratios
Table 15: Ottogi Corp Ltd: Key Employees
Table 16: Dongwon F&B Co Ltd: key facts
Table 17: Dongwon F&B Co Ltd: Annual Financial Ratios
Table 18: Dongwon F&B Co Ltd: Key Employees
Table 19: Pulmuone Co Ltd: key facts
Table 20: Pulmuone Co Ltd: Annual Financial Ratios
Table 21: Pulmuone Co Ltd: Key Employees
Table 22: South Korea size of population (million), 2018-22
Table 23: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 24: South Korea gdp (current prices, $ billion), 2018-22
Table 25: South Korea inflation, 2018-22
Table 26: South Korea consumer price index (absolute), 2018-22
Table 27: South Korea exchange rate, 2018-22
List of Figures
Figure 1: South Korea prepared meals market value: $ million, 2017-22
Figure 2: South Korea prepared meals market volume: million kilograms, 2017-22
Figure 3: South Korea prepared meals market category segmentation: $ million, 2017-2022
Figure 4: South Korea prepared meals market geography segmentation: % share, by value, 2022
Figure 5: South Korea prepared meals market distribution: % share, by value, 2022
Figure 6: South Korea prepared meals market value forecast: $ million, 2022-27
Figure 7: South Korea prepared meals market volume forecast: million kilograms, 2022-27
Figure 8: Forces driving competition in the prepared meals market in South Korea, 2022
Figure 9: Drivers of buyer power in the prepared meals market in South Korea, 2022
Figure 10: Drivers of supplier power in the prepared meals market in South Korea, 2022
Figure 11: Factors influencing the likelihood of new entrants in the prepared meals market in South Korea, 2022
Figure 12: Factors influencing the threat of substitutes in the prepared meals market in South Korea, 2022
Figure 13: Drivers of degree of rivalry in the prepared meals market in South Korea, 2022
Figure 14: South Korea prepared meals market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • CJ Corp
  • Ottogi Corp Ltd
  • Dongwon F&B Co Ltd
  • Pulmuone Co Ltd

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About the Ready Meal Market

The Ready Meal market is a subset of the Processed Food industry. Ready Meals are pre-prepared meals that are ready to eat or heat up quickly. They are typically sold in supermarkets, convenience stores, and online. Ready Meals are often seen as a convenient alternative to cooking from scratch, as they require minimal preparation and can be eaten quickly. Ready Meals are typically packaged in plastic or cardboard containers, and can be frozen or refrigerated. They are often sold in single-serve portions, but can also be found in larger family-sized packages. Ready Meals are often marketed as a healthier alternative to fast food, as they are typically lower in fat and calories. Ready Meals are popular among busy consumers who are looking for a quick and easy meal solution. They are also popular among those who are looking for a convenient way to enjoy restaurant-style meals at home. Some companies in the Ready Meal market include Nestle, Kraft Heinz, Unilever, McCain Foods, and Conagra Brands. Show Less Read more

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