Oils & Fats in South Korea
Summary
Oils & Fats in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oils & fats market consist of the retail sale of edible oils and solid fats. The oils segment consists of cooking sprays, corn oil, olive oil, sunflower oil, vegetable oil, and other edible oils. The solid fats segment consists of compound cooking fats (CCF), ghee, lard, shortening, and other solid fats. The market is valued according to the retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
- The South Korean Oils & Fats market had total revenues of $2,865.3 million in 2023, representing a compound annual growth rate (CAGR) of 5.8% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 2.4% between 2018 and 2023, to reach a total of 527.9 million kilograms in 2023.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.9% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $3,468.3 million by the end of 2028.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oils & fats market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oils & fats market in South Korea
- Leading company profiles reveal details of key oils & fats market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea oils & fats market with five year forecasts
- What was the size of the South Korea oils & fats market by value in 2023?
- What will be the size of the South Korea oils & fats market in 2028?
- What factors are affecting the strength of competition in the South Korea oils & fats market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's oils & fats market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players in the South Korean oils & fats market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2018-2023)?
- 7.4. Which companies market shares have suffered over the same period (2018-2023)?
- 7.5. What are the most popular brands in the South Korean oils & fats market?
- 8 Company Profiles
- 8.1. CJ CheilJedang Corp
- 8.2. Samyang Corp
- 8.3. Ottogi Corp Ltd
- 8.4. SAJOHAEPYO Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea oils & fats market value: $ million, 2018-23
- Table 2: South Korea oils & fats market volume: million kilograms, 2018-23
- Table 3: South Korea oils & fats market category segmentation: % share, by value, 2018-2023
- Table 4: South Korea oils & fats market category segmentation: $ million, 2018-2023
- Table 5: South Korea oils & fats market geography segmentation: $ million, 2023
- Table 6: South Korea oils & fats market distribution: % share, by value, 2023
- Table 7: South Korea oils & fats market value forecast: $ million, 2023-28
- Table 8: South Korea oils & fats market volume forecast: million kilograms, 2023-28
- Table 9: South Korea oils & fats market share: % share, by value, 2023
- Table 10: CJ CheilJedang Corp: key facts
- Table 11: CJ CheilJedang Corp: Annual Financial Ratios
- Table 12: CJ CheilJedang Corp: Key Employees
- Table 13: Samyang Corp: key facts
- Table 14: Samyang Corp: Annual Financial Ratios
- Table 15: Samyang Corp: Key Employees
- Table 16: Ottogi Corp Ltd: key facts
- Table 17: Ottogi Corp Ltd: Annual Financial Ratios
- Table 18: Ottogi Corp Ltd: Key Employees
- Table 19: SAJOHAEPYO Corp: key facts
- Table 20: SAJOHAEPYO Corp: Key Employees
- Table 21: South Korea exchange rate, 2018-23
- List of Figures
- Figure 1: South Korea oils & fats market value: $ million, 2018-23
- Figure 2: South Korea oils & fats market volume: million kilograms, 2018-23
- Figure 3: South Korea oils & fats market category segmentation: $ million, 2018-2023
- Figure 4: South Korea oils & fats market geography segmentation: % share, by value, 2023
- Figure 5: South Korea oils & fats market distribution: % share, by value, 2023
- Figure 6: South Korea oils & fats market value forecast: $ million, 2023-28
- Figure 7: South Korea oils & fats market volume forecast: million kilograms, 2023-28
- Figure 8: Forces driving competition in the oils & fats market in South Korea, 2023
- Figure 9: Drivers of buyer power in the oils & fats market in South Korea, 2023
- Figure 10: Drivers of supplier power in the oils & fats market in South Korea, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the oils & fats market in South Korea, 2023
- Figure 12: Factors influencing the threat of substitutes in the oils & fats market in South Korea, 2023
- Figure 13: Drivers of degree of rivalry in the oils & fats market in South Korea, 2023
- Figure 14: South Korea oils & fats market share: % share, by value, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook