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South Korea Soups Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 44 Pages
  • October 2023
  • Region: South Korea
  • MarketLine
  • ID: 5659808
Description Jump to:
Soups in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-22, 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 soups market consists of the retail sale of ambient soup, dried soup (mixes), chilled soup, UHT soup and frozen soup 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 Soups market had total revenues of $99.5 million in 2022, representing a compound annual growth rate (CAGR) of 9.1% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 6.3% between 2017 and 2022, to reach a total of 3.4 million kilograms in 2022.
  • The performance of the market is forecast to decelerate, with an anticipated CAGR of 4.5% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $124.1 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 soups market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the soups market in South Korea
  • Leading company profiles reveal details of key soups market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea soups market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the South Korea soups market by value in 2022?
  • What will be the size of the South Korea soups market in 2027?
  • What factors are affecting the strength of competition in the South Korea soups market?
  • How has the market performed over the last five years?
  • Who are the top competitors in South Korea's soups 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 soups 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 soups market?
8 Company Profiles
8.1. Ottogi Corp Ltd
8.2. Ajinomoto AGF Inc
8.3. Sempio Foods Company
8.4. Daesang Corporation
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 soups market value: $ million, 2017-22
Table 2: South Korea soups market volume: million kilograms, 2017-22
Table 3: South Korea soups market category segmentation: % share, by value, 2017-2022
Table 4: South Korea soups market category segmentation: $ million, 2017-2022
Table 5: South Korea soups market geography segmentation: $ million, 2022
Table 6: South Korea soups market distribution: % share, by value, 2022
Table 7: South Korea soups market value forecast: $ million, 2022-27
Table 8: South Korea soups market volume forecast: million kilograms, 2022-27
Table 9: South Korea soups market share: % share, by value, 2022
Table 10: Ottogi Corp Ltd: key facts
Table 11: Ottogi Corp Ltd: Annual Financial Ratios
Table 12: Ottogi Corp Ltd: Key Employees
Table 13: Ajinomoto AGF Inc: key facts
Table 14: Ajinomoto AGF Inc: Key Employees
Table 15: Sempio Foods Company: key facts
Table 16: Sempio Foods Company: Annual Financial Ratios
Table 17: Sempio Foods Company: Key Employees
Table 18: Daesang Corporation: key facts
Table 19: Daesang Corporation: Annual Financial Ratios
Table 20: Daesang Corporation: Key Employees
Table 21: Daesang Corporation: Key Employees Continued
Table 22: Daesang Corporation: Key Employees Continued
Table 23: South Korea size of population (million), 2018-22
Table 24: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 25: South Korea gdp (current prices, $ billion), 2018-22
Table 26: South Korea inflation, 2018-22
Table 27: South Korea consumer price index (absolute), 2018-22
Table 28: South Korea exchange rate, 2018-22
List of Figures
Figure 1: South Korea soups market value: $ million, 2017-22
Figure 2: South Korea soups market volume: million kilograms, 2017-22
Figure 3: South Korea soups market category segmentation: $ million, 2017-2022
Figure 4: South Korea soups market geography segmentation: % share, by value, 2022
Figure 5: South Korea soups market distribution: % share, by value, 2022
Figure 6: South Korea soups market value forecast: $ million, 2022-27
Figure 7: South Korea soups market volume forecast: million kilograms, 2022-27
Figure 8: Forces driving competition in the soups market in South Korea, 2022
Figure 9: Drivers of buyer power in the soups market in South Korea, 2022
Figure 10: Drivers of supplier power in the soups market in South Korea, 2022
Figure 11: Factors influencing the likelihood of new entrants in the soups market in South Korea, 2022
Figure 12: Factors influencing the threat of substitutes in the soups market in South Korea, 2022
Figure 13: Drivers of degree of rivalry in the soups market in South Korea, 2022
Figure 14: South Korea soups market share: % share, by value, 2022

Companies Mentioned (Partial List)

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

  • Ottogi Corp Ltd
  • Ajinomoto AGF Inc
  • Sempio Foods Company
  • Daesang Corporation

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About the Soup Market

The Soup market is a segment of the food industry that focuses on the production and sale of soups. Soup is a liquid food that is typically made by combining ingredients such as vegetables, meat, fish, and spices in a stock or broth. It is often served as a starter or main course, and can be served hot or cold. The Soup market is a highly competitive industry, with many companies vying for a share of the market. Some of the major players in the Soup market include Campbell Soup Company, Nestle, Unilever, Conagra Brands, and General Mills. These companies produce a wide variety of soups, ranging from traditional recipes to more innovative flavors. Additionally, many of these companies have invested in research and development to create new products and flavors. Other companies in the Soup market include Amy's Kitchen, Progresso, Pacific Foods, and Wolfgang Puck. These companies specialize in organic and natural soups, as well as vegan and vegetarian options. Additionally, many of these companies offer a variety of flavors and varieties, such as chunky, creamy, and broth-based soups. Show Less Read more

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