Food & Beverages

Market Focus: Trends and Developments in the Dairy Food Sector in South Korea

  • CAN94269
  • 46 Pages
  • April 2014
  • Food & Beverages

Synopsis
This report brings together consumer insight and market data to provide a comprehensive brief of the South Korean Dairy Food sector. This allows for the rapid identification of key growth opportunities across major Dairy Food categories and their packaging.
Scope
South Koreans enjoy a high standard of living with high per capita income; South Korea is one of the wealthiest nations in Asia. A young population with high disposable income is driving the growth of the Dairy Food market in South Korea. Products that help maintain health and cater to age-specific needs are very popular in South Korea. There will be an increase in sales of organic Dairy Food products and Yogurt will continue to be the most popular Dairy category, growing at the fastest rate during 20132018.
Summary
Milk is most mature Dairy Food product category in South Korea; it has the largest share of value and volume sales
Health and experience seeking are the key trends that are driving the growth of Dairy Food products in South Korea
The share of private label products is growing in the South Korean Dairy Food market. Domestic brands dominate the Dairy Food market in South Korea
Hypermarkets & Supermarkets account for the largest share in South Koreas Dairy Food sales. These modern retail formats are using advanced technology such as virtual supermarkets to increase their sales
Rigid Plastics is the most commonly used packaging material for Dairy food products in South Korea
ReasonsToBuy
This overview of the consumer and market dynamics of the South Korean Dairy sector allows new entrants and established companies to gain rapid and comprehensive insight into the current state of the market and identify the key trends that will drive growth in the coming years.
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