Saturday, October 28, 2017

Globally Grocerant Meals Garnering Growth


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.
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.

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


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