In South Korea, food-themed videos on cooking and consumption continue to drive trends across various social media and streaming platforms. Despite the waning impact of the pandemic, there is still a substantial preference among local consumers for home-cooked meals due to the rising cost of dining out in foodservice, a trend reflected in strong retail volume growth of meals and soups in 2023, with further growth potential over the forecast period.
Despite the waning impact of the pandemic and greater mobility outside of the home, the preference for home-cooked meals remains relatively high due to inflationary pressures and the rising cost of dining in foodservice establishments. Notably, meal kits have been playing a significant role in driving retail growth, as they are prominently displayed and sold in major retail channels such as convenience stores, large supermarkets, and department stores.
The continual growth predicted for meal kits over the forecast period can be attributed to the significant influence of large retail channels. During the pandemic, there was a proliferation of small stores specialising in meal kits, but it has been observed that the number of these stores has decreased since COVID-19 measures were lifted in April 2022.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Meals and Soups industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Meals and Soups industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Meals and Soups
This is the aggregation of ready meals, pizza, food kits, prepared salads, and soup. Includes: These are products that have had recipe 'skills' added to them by the manufacturer, resulting in a high degree of readiness, completion and convenience. Food kits is an exception where typically the extent of preparation is much shorter than other meal products; includes meal kits where consumers are to put together pre-portioned ingredients and cook with the guidance of recipe cards. Ready meals are generally accepted to be complete meals that require few or no extra ingredients. However, in the case of shelf stable ready meals, the term also encompasses meal 'centres’; for food kits, they do require a degree of cooking and preparation. As such, some meals may require cooking (ready-to-cook); others may simply need reheating, prior to serving (ready-to-eat). Excludes: Any products sold unpackaged and/or by weight, including food sold from a retail deli counter.
See All of Our DefinitionsThis report originates from Passport, our Meals and Soups research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!