South Korea Ready Meals (Prepared Meals) Market Size, Growth and Forecast Analytics, 2021-2026

South Korea Ready Meals (Prepared Meals) Market Size, Growth and Forecast Analytics, 2021-2026

Summary

South Korea Ready Meals (Prepared Meals) Market Size, Growth and Forecast Analytics, 2021-2026 is a broad level market review of Ready Meals market in South Korea.

Ready Meals - all types of complete meals which only require heating before being served, regardless of whether they are frozen, chilled, shelf-stable (i.e. in cans or shelf-stable packs) or are dried. Includes noodle-based, rice-based and pasta-based dishes as well meat-based, vegetable-based or meat-substitute based dishes. Further, this includes main meat, fish and vegetable meal centres which require minimal accompaniments - e.g. tinned chilli con carne, cassoulet in jars etc. Includes Pot Noodle type products.

Ready Meals market in South Korea registered a positive compound annual growth rate (CAGR) of 5.92% during the period 2016 to 2021 with a sales value of KRW 456,029.77 Million in 2021, an increase of 5.48% over 2020. The market achieved its strongest performance in 2020, when it grew by 7.42% over its previous year and its weakest performance in 2019, when it increased by 5.07% over 2018.

The research handbook provides up-to-date market size data for period 2016-2021 and illustrative forecast to 2026 premised on Covid-19 hit, covering key market aspects like Sales Value and Volume for Ready Meals and its variants Ambient Ready Meals, Dried Ready Meals, Chilled Ready Meals & Frozen Ready Meals.

Furthermore, the research handbook details out Sales Value and Volume for top brands for the year 2018 to 2021 and overall market sales by Distribution Channel (Dollar Stores, Variety Store & General Merchandise Retailers, Cash & Carries and Warehouse Clubs, Convenience Stores & Gas Stations, Department Stores, Drug Stores & Pharmacies, Chemists/Pharmacies, Parapharmacies/Drugstores, eRetailers, Food & Drinks Specialists, Health & Beauty Stores, Hypermarkets & Supermarkets, Direct Sellers, Others, On Trade, Vending Machines, Other Specialist Retailers, Tobacco Specialists) where ever applicable.

Due to on going large scale uncertainties in the market due to COVID-19 pandemic, the research handbook acts as an essential tool for companies active or planning to venture in to South Korea's Ready Meals (Prepared Meals) market. The comprehensive statistics within the research handbook provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting.

Sales Values in the handbook are depicted in USD ($) and local currency of country and Volumes are represented in M Kilograms.

*Note: Certain content / sections in the research handbook may be removed or altered based on the availability and relevance of data.

Scope

• Overall Ready Meals (Prepared Meals) market value and volume analytics with growth analysis from 2016 to 2026.
• Value and Volume terms for the top brands.
• Distribution channel sales analytics from 2018-2021.

• Get access to authoritative and granular data on the Ready Meals (Prepared Meals) market and fill in the gaps in understanding of trends and the components of change behind them.
• Enhance your understanding of the market to update your strategic and tactical plans based on volume and value changes, brand dynamics and distribution trends.
• Analyze the components of change in the market by looking at historic and future growth patterns.
• Use the data to understand future patterns of the market trends from winners and losers to category dynamics and thereby quickly and easily identify the key areas in which you want to compete in the future.