Regular readers of
this blog know we have visited, worked-in, and discussed grocerant growth from France, Great Britain, Germany, Italy, Japan, China, Korea, and
the Philippines without doubt Ready-2-Eat and Heat-N-Eat fresh prepared
grocerant niche food is driving success globally according to our own Grocerant Guru®.
Koreans are cooking
less at home and focusing on healthy living as production of health food
products and home meal replacements rose significantly in 2016, according to
the Korean Food and Drug Safety Ministry, products in the home meal replacement
category rose in production across the board.
They reported that production of ready-to-cook and ready-to-eat products rose from 1.04 trillion won ($920.5 million) to 1.55 trillion won, while boxed meals like those sold at convenience stores rose from 765 billion won to 972.6 billion won. Those are big numbers my friends.
They reported that production of ready-to-cook and ready-to-eat products rose from 1.04 trillion won ($920.5 million) to 1.55 trillion won, while boxed meals like those sold at convenience stores rose from 765 billion won to 972.6 billion won. Those are big numbers my friends.
Interestingly the
Korean Food Safety Ministry attributed these increases to the “rising numbers
of one-person households and double-income households,” which have been
accompanied by fewer people choosing to cook at home.
Rising demand for delivery food such as pizza, chicken and steamed pigs’ feet, or jokbal, contributed to a rise in sauce and seasoning production, which rose from 1.8 trillion won to 2.7 trillion won. Combine that with a continued drop in birth rate in Korea, which means lower demand for baby formula, caused production of processed dairy products to fall, from 335.8 billion won in 2015 to 265.3 billion won last year.
Production rose most sharply on-year in the health food category, which rose by 29.9 percent on-year to reach 1.47 trillion won in 2016. This kind of growth drove food sales from every sector of retail including Shinsegae Department Store's main branch in Seoul and 7-Eleven’s and everywhere in-between.
Rising demand for delivery food such as pizza, chicken and steamed pigs’ feet, or jokbal, contributed to a rise in sauce and seasoning production, which rose from 1.8 trillion won to 2.7 trillion won. Combine that with a continued drop in birth rate in Korea, which means lower demand for baby formula, caused production of processed dairy products to fall, from 335.8 billion won in 2015 to 265.3 billion won last year.
Production rose most sharply on-year in the health food category, which rose by 29.9 percent on-year to reach 1.47 trillion won in 2016. This kind of growth drove food sales from every sector of retail including Shinsegae Department Store's main branch in Seoul and 7-Eleven’s and everywhere in-between.
For
international corporate presentations, educational forums, or keynotes contact:
Steve@FoodserviceSolutions.us the Grocerant Guru® at Tacoma, WA based
Foodservice Solutions®. His extensive
experience as a multi-unit restaurant operator, consultant, brand / product
positioning expert and public speaking will leave success clues for all. Visit:
www.FoodserviceSolutions.us for more
information
No comments:
Post a Comment