South Korea Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast to 2027

South Korea Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast to 2027
Summary

This report 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 2022 in each of the sectors.

This report provides both the historical and forecast market data of total retail sales in the South Korea. It illustrates the data with charts, graphs and tables summarizing the value trends, with individual sector details in overall retail. The report also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.

Scope

• The overall retail industry in South Korea is forecast to grow at a CAGR of 5.5% between 2022 and 2027 to reach KRW 575.0 tn.
• Food & Grocery is the dominating sector with KRW 154.8 tn in 2022 but health & beauty is the fastest growing sector, which will grow at 8.0% CAGR between 2022-2027 to reach KRW 91.0 tn.
• Online is the leading channel, but Duty-free retail channel is expected to see the maximum growth during the forecast period, registering a CAGR of 19.6% between 2022-2027 to reach KRW 39.7 bn.
• The South Korea retail industry is dominated by mass market players

• Gain a comprehensive view of the South Korea retail industry and forecasts to 2027
• Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market in South Korea
• Investigate current and forecast trends in the South Korea retail sectors to identify the opportunities offering the most potential
• Understand who the main competitors are in the sectors and their price positioning