South Korea Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast, 2022-2026

South Korea Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast, 2022-2026

Summary

This databook uses data from GlobalData’s Retail database showing the trends in the market and sectors by value. It also reveals the major retailers by market share in 2021 in each of the sectors. All data includes the impact COVID-19 has had on sales in 2021 (forecasted at the date of publication).

This databook provides both the historic and forecast market data of total retail sales in South Korea. It illustrates the data with charts, graphs and tables summarizing the value trends, with individual sector details in overall retail. The forecasts include the impact of COVID-19 on growth. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2021.

Scope

• The overall retail industry in South Korea is forecast to grow at a CAGR of 6.0% between 2021 and 2026 to reach KRW 560,401 bn.
• Food & Grocery is the dominating sector with KRW 187,865 bn in 2021 but Health and beauty is the fastest growing sector, which will grow at 11.6% CAGR between 2021-2026 to reach KRW 94,334 bn.

• Gain a comprehensive view of the retail industry and forecasts to 2026
• Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of COVID-19 on the retail market
• Investigate current and forecast trends in retail sectors to identify the opportunities offering the most potential
• Understand who the main competitors are in the sectors and their price positioning