Food & Grocery Retail in South Korea
SummaryFood & Grocery Retail 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 food & grocery retail market is segmented into household products, tobacco, food, and drinks. Market value refers to retail sales.
- The South Korean food & grocery retail market recorded revenues of $119.0 billion in 2023, representing a compound annual growth rate (CAGR) of 0.8% between 2018 and 2023.
- The food segment accounted for the market's largest proportion in 2023, with total revenues of $83.2 billion, equivalent to 70.0% of the market's overall value.
- The South Korean food & grocery retail market is driven by innovative store differentiation strategies, with retailers focusing on creating specialized, experience-oriented shopping environments.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the food & grocery retail market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the food & grocery retail market in South Korea
- Leading company profiles reveal details of key food & grocery retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea food & grocery retail market with five year forecasts
Reasons To Buy
- What was the size of the South Korea food & grocery retail market by value in 2023?
- What will be the size of the South Korea food & grocery retail market in 2028?
- What factors are affecting the strength of competition in the South Korea food & grocery retail market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's food & grocery retail market?
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