Expected to experience modest expansion, the South Korea condiments and sauces market size is forecasted to increase from USD 2,554.5 million in 2023 to USD 2,927.9 million by 2029, achieving a CAGR of 2.3% over the evaluation period. South Korea’s condiments and sauces market is characterized by a high demand for traditional condiments such as gochujang (fermented chili paste) and doenjang (soybean paste). However, the increasing influence of Western fast food culture is spurring growth in sauces like ketchup, mayonnaise, and barbecue sauces. Additionally, the country’s growing health-conscious consumer base is pushing the market towards healthier, low-sodium, and natural sauce options.
The report delivers an in-depth analysis of the South Korea condiments and sauces industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the condiments and sauces market.
Market Segmentation
The following outlines the segmentation of the South Korea condiments and sauces market:
Product: condiments and ingredients (bouillon, monosodium glutamate, others), herbs and spices, sauces (recipe sauces, pasta sauces, table and cooking sauces, ketchup, mayonnaise, mustard sauces, oyster sauces, salad dressings, soy sauces, chili sauces, others), pickles, others
Distribution channel: convenience stores, supermarkets and hypermarkets, warehouse clubs, small grocery stores, foodservice channels, e-commerce, others
The South Korea market for condiments and sauces is divided based on product and distribution channel. By product, the market features condiments and ingredients (bouillon, monosodium glutamate, others), herbs and spices, sauces (recipe sauces, pasta sauces, table and cooking sauces, ketchup, mayonnaise, mustard sauces, oyster sauces, salad dressings, soy sauces, chili sauces, others), pickles, and others. Distribution channel categories include convenience stores, supermarkets and hypermarkets, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
Top players featured in the South Korea condiments and sauces market study include The Kraft Heinz Company, Sempio Foods Company Ltd., Sajo Haepyo Corporation, Pulmuone Co. Ltd., Pastificio Fabianelli S.p.A., OTTOGI CORPORATION. Ltd., Monggo Foods Co. Ltd., McIlhenny Company, Lee Kum Kee Company Limited, Dongwon Group, Daesang Corporation and CJ Corporation.
This report delivers an in-depth examination of leading companies in the condiments and sauces sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
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Anticipate the future trajectory of the South Korea condiments and sauces market with informed projections.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Condiments and Sauces Market – Product Analysis
South Korea Condiments and Sauces Market – Distribution Channel Analysis
Key Players and Market Share
– The Kraft Heinz Company
– Sempio Foods Company Ltd.
– Sajo Haepyo Corporation
– Pulmuone Co., Ltd.
– Pastificio Fabianelli S.p.A.
– OTTOGI CORPORATION., Ltd.
– Monggo Foods Co., Ltd.
– McIlhenny Company
– Lee Kum Kee Company Limited
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Condiments and Sauces Market 2019-2029
Chart South Korea Condiments and Sauces Market, Net Growth, 2019-2029
Chart South Korea Condiments and Sauces Market, Growth Rates, 2019-2029
Table South Korea Condiments and Sauces Market by Product, 2019-2029
Chart South Korea Condiments and Sauces Market by Product, CAGR Historic and Forecast, 2019-2029
Chart South Korea Condiments and Sauces Market by Product, 2019-2029
Table South Korea Condiments and Sauces Market by Distribution Channel, 2019-2029
Chart South Korea Condiments and Sauces Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Condiments and Sauces Market by Distribution Channel, 2019-2029
Table South Korea Condiments and Sauces Market Share (%), by Companies, 2019-2023
Chart South Korea Condiments and Sauces Market, by Companies, 2023
Table South Korea Condiments and Sauces Market Share (%), by Brands, 2019-2023
Chart South Korea Condiments and Sauces Market, by Brands, 2023
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Condiments and Sauces Market: Spend as a Proportion of GDP (%)
Table South Korea Condiments and Sauces Market: Consumption per Capita (Population)
Companies Mentioned
The Kraft Heinz Company
Sempio Foods Company Ltd.
Sajo Haepyo Corporation
Pulmuone Co., Ltd.
Pastificio Fabianelli S.p.A.
OTTOGI CORPORATION., Ltd.
Monggo Foods Co., Ltd.
McIlhenny Company
Lee Kum Kee Company Limited
Dongwon Group
Daesang Corporation
CJ Corporation