PROSPECTS AND OPPORTUNITIES
Further decline expected for shelf stable fruit and vegetables, especially fruit
Processed fruit and vegetables in South Korea is set to see fairly stable retail volume sales over the forecast period as a whole, while retail current value sales are expected to continue to rise. However, as consumer interest in health continues to grow, retail volume sales of shelf stable fruit and vegetables are expected to continue to decline in the forecast period.
Desserts is the potential breakthrough that could leverage the value of frozen fruit
Fruit-based desserts showed a remarkable performance in the last two years. In 2023, tanghulu emerged as a megatrend in the foodservice industry in South Korea, and by 2024, frozen yoghurt had taken the spotlight.
Potential for growth for frozen processed vegetables, from a low base
Sales of frozen processed vegetables were negligible in South Korea at the end of the forecast period, However, the use of cut or minced vegetables is likely to grow over the forecast period, with further segmentation expected in terms of the products available, such as vegetable mixes for fried rice and for stews. Using cut vegetables enables consumers to save time when cooking, which is important due to increasingly busy, fast-paced lifestyles.
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Overview:
Understand the latest market trends and future growth opportunities for the Processed Fruit and Vegetables 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 Processed Fruit and Vegetables 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.
The Processed Fruit and Vegetables in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Processed Fruit and Vegetables in South Korea?
- Which are the leading brands in Processed Fruit and Vegetables in South Korea?
- How are products distributed in Processed Fruit and Vegetables in South Korea?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Processed Fruit and Vegetables?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in South Korea?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Processed Fruit and Vegetables in South Korea - Category analysis
KEY DATA FINDINGS
Rising demand for frozen fruit amidst price increases and health consciousness
Foodservice retail volumes of frozen fruit also rise
Some categories see retail volume decline due to substitutes
Further decline expected for shelf stable fruit and vegetables, especially fruit
Desserts is the potential breakthrough that could leverage the value of frozen fruit
Potential for growth for frozen processed vegetables, from a low base
Staple Foods in South Korea - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Processed Fruit and Vegetables
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
Processed Fruit and Vegetables
This is the aggregation of processed shelf stable fruit and vegetables and processed frozen fruit and vegetables.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Processed Fruit and Vegetables research and analysis database.
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