Food & Beverage Market Research News

Research details developments in South Korea as the future of foodservice to 2021

South Korea The Future of Foodservice to 2021", published by GlobalData provides extensive insight and analysis of the South Korean Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.

- Advertising -

Report: www.orbisresearch.com/contacts/request-sample/396057 

Companies Mentioned:
McDonald's
MPK Group
Mr. Pizza
Jessica's Kitchen
Manoffin
Pelicana
LOTTE
Lotteria
Genesis BBQ
VIPS
Bibigo
Cheijemyunso
China Factory
Seasonstable
T.G.I. Fridays
Pizza Hut
KFC
Taco Bell
Samyang F&B
Seven Springs
Starbucks
Ediya Coffee
Caffe Bene
Hollys Coffee
Angel-us-coffee

Despite an economic dip, South Korea’s foodservice market experienced moderate value growth between 2014 and 2016 at a CAGR of 3.5%.

- Advertising -

Such growth has encouraged a number of international brands to enter the market, resulting in a high degree of consolidation.

This is most evident across the QSR market, in which the top five chain operators generated a combined 73.1% of total channel sales value in 2016. For many, out-of-home foodservices remain an indispensable part of everyday life.

Owing to small living spaces, younger urbanites often utilize foodservice outlets as an extension of their living rooms; this is particularly true of coffee and tea shops.

The report includes
Overview of South Korea's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the South Korean foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR and Coffee & Tea Shops) within the South Korean foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Bulgarian population.
Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.
Case Studies: Learn from examples of recent successes and failures within the South Korean foodservice market.

Browse the complete report at www.orbisresearch.com/reports/inde…odservice-to-2021 

Scope
The increased use of mobile technology has allowed operators to maximize efficiency and value, as well as offering consumers ‘smart experiences’. This is particularly prominent within the QSR market, with operators seeking to target time-poor but tech savvy urbanites.
Low birth rates, combined with longer life expectancies, have boosted the importance of the country’s elderly population.
A ‘Westernization’ of the foodservice market has seen operators increasingly feature steaks, grills and American style pizzas as part of their menus. This trend has been primarily driven by younger generations, with these products being associated with aspirational American ‘lifestyles’.

Reasons to access
Specific forecasts of the foodservice market over the next five years (2016-2021) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR and Coffee & Tea shops) will allow readers understand the wants and needs of their target demographics.
Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the South Korean foodservice market.

Report: www.orbisresearch.com/contacts/396057 

News From

Orbis Research - Rendering Conscientious ResearchOrbis Research
Category: Market Research Publishers and RetailersCompany profile: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have a vast database of reports from the leading publishers and authors across the gl obe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their need, and we produce the perfect requi ...