Limited-Service Restaurants in South Korea

Limited-Service Restaurants in South Korea


In alignment with the trends observed in 2022, the majority of limited-service restaurants (LSRs) witnessed a surge in menu prices during 2023, which was attributed to the repercussions of escalating raw materials costs and labour expenses. In 2023, operators faced a challenging landscape, as rising prices once again proved to be a formidable task due to heightened price sensitivity amongst consumers. In an effort to avert a contraction in consumption, many operators endured a decrease in operat...

Euromonitor International's Limited-Service Restaurants in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides foodservice sales, the number of outlets and the number of transactions by sector, allowing you to identify the foodservice sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they eating habits, lifestyle changes, tourism spending or legislative issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Chained Limited-Service Restaurants, Independent Limited-Service Restaurants, Limited-Service Restaurants by Type.

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

Why buy this report?
* Get a detailed picture of the Limited-Service Restaurants 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.


Limited-Service Restaurants in South Korea
Euromonitor International
February 2024
List Of Contents And Tables
LIMITED-SERVICE RESTAURANTS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Impact of prolonged inflation on pizza, chicken, and bakery limited-service restaurants
Burger limited-service restaurants satisfies consumers with simplicity and novelty
Convenience stores limited-service restaurants solidifies its position as a key category within consumer foodservice
PROSPECTS AND OPPORTUNITIES
Food tech will play a key role in maximising operational efficiencies and avoiding further price increases by minimising expenses
New entrants and diversification will lead to fierce competition between categories in limited-service restaurants
Third-party delivery platforms will maintain their position, while first-party delivery apps will continue to grow and improve
CATEGORY DATA
Table 1 Limited-Service Restaurants by Category: Units/Outlets 2018-2023
Table 2 Sales in Limited-Service Restaurants by Category: Number of Transactions 2018-2023
Table 3 Sales in Limited-Service Restaurants by Category: Foodservice Value 2018-2023
Table 4 Limited-Service Restaurants by Category: % Units/Outlets Growth 2018-2023
Table 5 Sales in Limited-Service Restaurants by Category: % Transaction Growth 2018-2023
Table 6 Sales in Limited-Service Restaurants by Category: % Foodservice Value Growth 2018-2023
Table 7 GBO Company Shares in Chained Limited-Service Restaurants: % Foodservice Value 2019-2023
Table 8 GBN Brand Shares in Chained Limited-Service Restaurants: % Foodservice Value 2020-2023
Table 9 Forecast Limited-Service Restaurants by Category: Units/Outlets 2023-2028
Table 10 Forecast Sales in Limited-Service Restaurants by Category: Number of Transactions 2023-2028
Table 11 Forecast Sales in Limited-Service Restaurants by Category: Foodservice Value 2023-2028
Table 12 Forecast Limited-Service Restaurants by Category: % Units/Outlets Growth 2023-2028
Table 13 Forecast Sales in Limited-Service Restaurants by Category: % Transaction Growth 2023-2028
Table 14 Forecast Sales in Limited-Service Restaurants by Category: % Foodservice Value Growth 2023-2028
CONSUMER FOODSERVICE IN SOUTH KOREA
EXECUTIVE SUMMARY
Consumer foodservice in 2023: The big picture
2023 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
MARKET DATA
Table 15 Units, Transactions and Value Sales in Consumer Foodservice 2018-2023
Table 16 Units, Transactions and Value Sales in Consumer Foodservice: % Growth 2018-2023
Table 17 Consumer Foodservice by Independent vs Chained by Type: Units/Outlets 2023
Table 18 Consumer Foodservice by Independent vs Chained: % Foodservice Value 2018-2023
Table 19 Sales in Consumer Foodservice by Food vs Drink Split: % Foodservice Value 2018-2023
Table 20 Sales in Consumer Foodservice by Food vs Drink Split by Type: % Foodservice Value 2023
Table 21 Sales in Consumer Foodservice by Location: % Foodservice Value 2018-2023
Table 22 GBO Company Shares in Chained Consumer Foodservice: % Foodservice Value 2019-2023
Table 23 GBN Brand Shares in Chained Consumer Foodservice: % Foodservice Value 2020-2023
Table 24 GBN Brand Shares in Chained Consumer Foodservice: Units/Outlets 2023
Table 25 Forecast Units, Transactions and Value Sales in Consumer Foodservice 2023-2028
Table 26 Forecast Units, Transactions and Value Sales in Consumer Foodservice: % Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources

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