The condiments and sauces market in South Korea was estimated at USD 2,555 million in 2023 and is expected to hit USD 2,928 million by 2029, registering a CAGR of 2.3% from 2024 to 2029 as per the latest market estimates. Busy lifestyles and the desire for quick meal solutions have led to a growing preference for convenient, ready-to-use condiments and sauces. Products that simplify cooking processes, such as pre-made marinades, cooking sauces, and meal kits, are highly sought after. These products allow consumers to prepare flavorful meals with minimal effort and time.
This report presents a detailed overview of the South Korea condiments and sauces industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product, and distribution channel. This detailed analysis supports the identification of growth opportunities within the condiments and sauces industry.
Market Segmentation
The condiments and sauces market in South Korea is structured as follows:
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 condiments and sauces market is segmented on the basis of product, and distribution channel. By product, the condiments and sauces market in South Korea has been segmented into 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. Based upon distribution channel, the condiments and sauces market in South Korea is categorized into convenience stores, supermarkets and hypermarkets, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The South Korea condiments and sauces market is highly competitive. The key players in the condiments and sauces market 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, CJ Corporation.
This report provides a thorough assessment of the South Korea condiments and sauces market, examining the performance of leading players from 2019 to 2023. The analysis offers critical information on market share dynamics, pinpointing dominant incumbents as well as rising challengers. Leveraging this data enables companies to refine their strategies, seize growth opportunities, and sustain competitive advantage in an increasingly dynamic market environment.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea condiments and sauces market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea condiments and sauces market.
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Anticipate the future trajectory of the South Korea condiments and sauces market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSouth 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.
…
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)