South Korea Savory Snacks Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics, and Forecast, 2021-2026

South Korea Savory Snacks Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics, and Forecast, 2021-2026

Summary

GlobalData’s Country Profile report on the savory snacks sector in South Korea provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

The South Korean savory snacks sector is led by the processed snacks category in value terms in 2021. The potato chips category is forecast to register the fastest value growth during 2021-2026. Hypermarkets & supermarkets is the leading channel for distribution of savory snacks in the country. Nongshim Co Ltd, Orion Confectionery Co Ltd . KG, and Haitai Confectionery & Foods Co Ltd are the leading companies in the country. Flexible packaging is the most commonly used pack material in the South Korean savory snacks sector.

What else is contained?

• Sector data: Overall sector value and volume data with growth analysis for 2016-2026
• Category coverage: Value and growth analysis for ethnic/traditional snacks, meat snacks, nuts & seeds, popcorn, potato chips, pretzels, and processed snacks with inputs on individual segment share within each category and the change in their market share forecast for 2021-2026
• Leading players: Market share of companies (in value terms) and private labels (in value terms) in 2021
• Distribution data: Percentage of sales within each category through distribution channels such as dollar stores, variety store & general merchandise retailers, cash & carries & warehouse clubs, convenience stores, department stores, drugstores & pharmacies, E-retailers, Food & drinks specialists, hypermarkets & supermarkets, vending machines.
• Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. pack material data for glass, flexible packaging, rigid plastics, paper & board and rigid metal; pack type for: jar, bag/sachet, tub, speciality container, stand up pouch, carton - folding, can, tray, film, foil, wrapper, box, blister pack, tube, sleeve, clamshell, bottle, other pack type, closure type for: flip/snap top, screw top, prize off, plastic tie, film, lever closure, cap, foil and other closure types, primary outer types for: carton - folding, bag, sleeve and shrink wrap.

• Per capita consumption and per capita expenditure of savory snacks was lower in South Korea than both the global and regional levels in 2021
• Processed snacks was the largest category in South Korean savory snacks sector in 2021
• Hypermarkets & supermarkets is the leading distribution channel in the South Korean savory snacks sector
• Flexible packaging is the most used pack material in the South Korean savory snacks sector
• “Kids & babies” represent the largest subset of the savory snacks sector in South Korea

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.