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South Korea Savory Snacks Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 39 Pages
  • June 2023
  • Region: South Korea
  • MarketLine
  • ID: 5850901
Savory Snacks 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 savory snacks market consists of the retail sale of ethnic/traditional snacks, meat snacks, nuts and seeds, popcorn, potato chips, processed snacks and pretzels products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2022 exchange rates.
  • The South Korean Savory Snacks market had total revenues of $905.5 million in 2022, representing a compound annual growth rate (CAGR) of 1.8% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 0.1% between 2017 and 2022, to reach a total of 97.8 million kilograms in 2022.
  • The performance of the market is forecast to accelerate, with an anticipated CAGR of 2.4% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $1,017.9 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 savory snacks market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the savory snacks market in South Korea
  • Leading company profiles reveal details of key savory snacks market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea savory snacks market with five year forecasts

Reasons to Buy

  • What was the size of the South Korea savory snacks market by value in 2022?
  • What will be the size of the South Korea savory snacks market in 2027?
  • What factors are affecting the strength of competition in the South Korea savory snacks market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's savory snacks 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. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players in the South Korean savory snacks 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 over the same period?
7.5. What are the most popular brands in the South Korean Savory market?
8 Company Profiles
8.1. Nongshim Co Ltd
8.2. Orion Holdings Corporation
8.3. Haitai Confectionery and Foods Co Ltd
8.4. Lotte Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. About
List of Tables
  • Table 1: South Korea savory snacks market value: $ million, 2017-22
  • Table 2: South Korea savory snacks market volume: million kilograms, 2017-22
  • Table 3: South Korea savory snacks market category segmentation: % share, by value, 2017-2022
  • Table 4: South Korea savory snacks market category segmentation: $ million, 2017-2022
  • Table 5: South Korea savory snacks market geography segmentation: $ million, 2022
  • Table 6: South Korea savory snacks market distribution: % share, by value, 2022
  • Table 7: South Korea savory snacks market value forecast: $ million, 2022-27
  • Table 8: South Korea savory snacks market volume forecast: million kilograms, 2022-27
  • Table 9: South Korea savory snacks market share: % share, by value, 2022
  • Table 10: Nongshim Co Ltd: key facts
  • Table 11: Nongshim Co Ltd: Annual Financial Ratios
  • Table 12: Nongshim Co Ltd: Key Employees
  • Table 13: Orion Holdings Corporation: key facts
  • Table 14: Orion Holdings Corporation: Annual Financial Ratios
  • Table 15: Orion Holdings Corporation: Key Employees
  • Table 16: Haitai Confectionery and Foods Co Ltd: key facts
  • Table 17: Haitai Confectionery and Foods Co Ltd: Annual Financial Ratios
  • Table 18: Haitai Confectionery and Foods Co Ltd: Key Employees
  • Table 19: Lotte Co Ltd: key facts
  • Table 20: Lotte Co Ltd: Key Employees
  • Table 21: South Korea size of population (million), 2018-22
  • Table 22: South Korea gdp (constant 2005 prices, $ billion), 2018-22
  • Table 23: South Korea gdp (current prices, $ billion), 2018-22
  • Table 24: South Korea inflation, 2018-22
  • Table 25: South Korea consumer price index (absolute), 2018-22
  • Table 26: South Korea exchange rate, 2018-22
List of Figures
  • Figure 1: South Korea savory snacks market value: $ million, 2017-22
  • Figure 2: South Korea savory snacks market volume: million kilograms, 2017-22
  • Figure 3: South Korea savory snacks market category segmentation: $ million, 2017-2022
  • Figure 4: South Korea savory snacks market geography segmentation: % share, by value, 2022
  • Figure 5: South Korea savory snacks market distribution: % share, by value, 2022
  • Figure 6: South Korea savory snacks market value forecast: $ million, 2022-27
  • Figure 7: South Korea savory snacks market volume forecast: million kilograms, 2022-27
  • Figure 8: Forces driving competition in the savory snacks market in South Korea, 2022
  • Figure 9: Drivers of buyer power in the savory snacks market in South Korea, 2022
  • Figure 10: Drivers of supplier power in the savory snacks market in South Korea, 2022
  • Figure 11: Drivers of degree of rivalry in the savory snacks market in South Korea, 2022
  • Figure 12: South Korea savory snacks market share: % share, by value, 2022

Companies Mentioned (Partial List)

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

  • Nongshim Co Ltd
  • Orion Holdings Corporation
  • Haitai Confectionery and Foods Co Ltd
  • Lotte Co Ltd