Meals and Soups in South Korea

Abstract
Amidst the rising price of restaurant dishes in foodservice outlets resulting from inflation, where KRW10,000 is becoming a normal price to pay for a meal, the landscape of lunchtime has been changing. This soaring financial burden for lunch even created a new term, “Lunch-flation”, a combination of the words “Lunch” and “Inflation”, which reflects mounting complaints, especially amongst office workers, about rising prices. In this context, as ordering dishes in foodservice outlets is becoming t...

Euromonitor International's Meals and Soups in South Korea report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Food Kits, Pizza, Prepared Salads, Ready Meals, Soup.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Meals and Soups market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Content
Meals and Soups in South Korea
January 2023

List Of Contents And Tables

MEALS AND SOUPS IN SOUTH KOREA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Convenience stores take advantage of inflation by offering cost-effectiveness
Overheated competition in meals and soups hinders growth of frozen ready meals
Soup continues to grow on the back of Korean-style soup
PROSPECTS AND OPPORTUNITIES
Strong demand to continue for meal kits, with enhanced convenience and quality
Ready meals are diversifying to meet fragmented consumer needs
Continued growth expected in soup, but with different patterns at a category level
CATEGORY DATA
Table 1 Sales of Meals and Soups by Category: Volume 2017-2022
Table 2 Sales of Meals and Soups by Category: Value 2017-2022
Table 3 Sales of Meals and Soups by Category: % Volume Growth 2017-2022
Table 4 Sales of Meals and Soups by Category: % Value Growth 2017-2022
Table 5 Sales of Chilled Ready Meals by Ethnicity: % Value 2017-2022
Table 6 Sales of Frozen Ready Meals by Ethnicity: % Value 2017-2022
Table 7 Sales of Soup by Leading Flavours: Rankings 2017-2022
Table 8 NBO Company Shares of Meals and Soups: % Value 2018-2022
Table 9 LBN Brand Shares of Meals and Soups: % Value 2019-2022
Table 10 Distribution of Meals and Soups by Format: % Value 2017-2022
Table 11 Forecast Sales of Meals and Soups by Category: Volume 2022-2027
Table 12 Forecast Sales of Meals and Soups by Category: Value 2022-2027
Table 13 Forecast Sales of Meals and Soups by Category: % Volume Growth 2022-2027
Table 14 Forecast Sales of Meals and Soups by Category: % Value Growth 2022-2027
COOKING INGREDIENTS AND MEALS IN SOUTH KOREA
EXECUTIVE SUMMARY
Cooking ingredients and meals in 2022: The big picture
Key trends in 2022
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
MARKET DATA
Table 15 Sales of Cooking Ingredients and Meals by Category: Volume 2017-2022
Table 16 Sales of Cooking Ingredients and Meals by Category: Value 2017-2022
Table 17 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2017-2022
Table 18 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2017-2022
Table 19 NBO Company Shares of Cooking Ingredients and Meals: % Value 2018-2022
Table 20 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2019-2022
Table 21 Penetration of Private Label by Category: % Value 2017-2022
Table 22 Distribution of Cooking Ingredients and Meals by Format: % Value 2017-2022
Table 23 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2022-2027
Table 24 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2022-2027
Table 25 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2022-2027
Table 26 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources