PROSPECTS AND OPPORTUNITIES
Value for money matters for customers of self-service cafeterias
Overall, self-service cafeterias is expected to experience either stagnation or declines over the forecast period. This outlook is largely influenced by changes within independent self-service cafeterias.
Growth potential and risks for self-service cafeterias
Most self-service cafeterias in South Korea operate with a business model focused on eat-in services. However, the share of delivery and takeaway is gradually expanding in overall consumer foodservice with the rise of single-person households and increasing consumer preference for convenience.
Limited expansion potential for chained self-service cafeterias
Ikea Restaurant’s outlet expansion has stalled in South Korea, sitting at just four self-service cafeterias in 2024. Given its underwhelming sales performance towards the end of the review period, the realisation of store expansion remains uncertain.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Self-Service Cafeterias 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.
If you're in the Self-Service Cafeterias 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 Self-Service Cafeterias 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 Self-Service Cafeterias in South Korea?
- Which are the leading brands in Self-Service Cafeterias in South Korea?
- How are multinational and local operators competing and expanding in South Korea?
- How are consumer lifestyle trends and eating habits shaping Self-Service Cafeterias in South Korea?
- How is the Self-Service Cafeterias industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Self-Service Cafeterias in South Korea? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Self-Service Cafeterias in South Korea - Category analysis
KEY DATA FINDINGS
The rise of independent self-service cafeterias continues in 2024
Competition from B2B channel
Plant-based innovation from Ikea Restaurant
Value for money matters for customers of self-service cafeterias
Growth potential and risks for self-service cafeterias
Limited expansion potential for chained self-service cafeterias
Consumer Foodservice in South Korea - Industry Overview
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
The following categories and subcategories are included:
Self-Service Cafeterias
- Chained Self-Service Cafeterias
- Independent Self-Service Cafeterias
Self-Service Cafeterias
Self-service cafeterias are outlets where there is no (or limited) service content. Rather than table service, there are food-serving counters/stalls where customers take the food they require as they walk along, placing it on a tray. In addition, there are often stations where customers order food and wait while it is prepared, particularly for items such as hamburgers or tacos which must be served hot and can be prepared quickly. For some food and drink items, customers collect an empty container, pay at the check-out, and fill the container after check-out. Free second servings are often allowed under this system. For legal purposes (and the consumption patterns of customers), this system is rarely or never used for alcoholic beverages. Self-service cafeterias do not have a cover charge, customers are either charged a flat rate for admission (as in a buffet) or pay at the check-out for each item. Some cafeterias also charge by weight. Self-service cafeterias resemble contract catering self-service cafeterias such as canteens, dining halls and cafeterias located within institutions such as a large office building, school and universities. However, fully captive contract self-service cafeterias are excluded from consumer foodservice. Unlike fast food, self-service cafeterias feature a menu comprising full, regular meals, often with a large choice of first course, main course and desserts. As cafeterias can effectively serve large number of customers with comparatively few employees, they are often found within larger complexes, for example, department stores, shopping malls, travel foodservice (motorways stations, railway stations, airports). Self-service cafeteria examples include: Ciao (Autogrill), Flunch (Agapes Restauration SA), IKEA (Inter Ikea Systems BV)
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 Self-Service Cafeterias research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!