New market study, "South Korea Food & Drink Report Q3 2010", has been published

July 1, 2010 - PRLog -- The South Korean economy continues to strengthen and as such we have revised our 2010 real GDP growth forecast to 5.5% from 4.6% previously. This would represent the fastest economic expansion in the country since 2002. Encouraged by such a positive outlook a number of the country's food and drink producers as well as its retailers have announced expansion plans in Q210 and many have also witnessed strong financial results, as discussed in BMI's recently published South Korea Food and Drink Report for Q310.

One company posting particularly impressive results is South Korean food producer CJ Cheiljedang who saw profits grow a phenomenal 953.9% year-on-year (y-o-y) to reach KRW267.7bn (US$230mn) in Q409. Overall sales for the period increased by 9.8% y-o-y to reach KRW3,838.7bn (US$3.3bn). Such strong figures suggest consumer confidence is growing in line with the improving economy.

Elsewhere, South Korea's Lotte Group remains focused on acquisitions and in May 2010, the group's confectionery arm, Lotte Confectionery, announced that it was looking at about 20 companies both domestically and overseas with a view to acquiring. These acquisitions are aimed at driving sales up and ultimately increasing the company's global market share. Meanwhile, the Group's retail arm, Lotte Shopping acquired the department and discount store businesses of rival firm GS Retail for KRW1.34trn (US$1.15bn). This purchase will add approximately KRW1.37trn (US$1.18bn) to Lotte Shopping's KRW12.8trn (US$11.0bn) annual revenues.

South Korea's mass grocery retail (MGR) sector continues its swift process of change, with hypermarkets, discount stores and convenience stores all expanding rapidly, mostly at the expense of wet markets and traditional grocery outlets and value sales through MGR stores are expected to rise 36.7% to reach KRW87.6trn in 2014. The country's leading retailers are all keen to take advantage of this forecast growth and in late March 2010, Tesco Samsung, South Korea's third largest retailer announced that for FY11 it aims to increase sales to KRW10.8trn from KRW9.8trn in FY10. The retailer plans to open a further eight stores in the country to help it meet this aim.

Activity in Q210 continues to demonstrate the appeal of South Korea's food, beverage and MGR sectors even as they reach maturity.

For more information or to purchase this report, go to:
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Partial Table of Contents:

Executive Summary
SWOT Analysis
- South Korea Food Industry SWOT
- South Korea Drink Industry SWOT
- South Korea Mass Grocery Retail Industry SWOT
Business Environment
- BMI's Core Global Industry Views
- Table: BMI's Core Views For The Food & Drink Industry
- Asia Pacific Business Environment Ratings
- Table: Asia Pacific Food & Drink Business Environment Ratings Q310
- South Korea Food & Drink Business Environment Rating
- Macroeconomic Outlook
- Table: South Korea - Economic Activity
Food
- Industry Forecast Scenario
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts
- Canned Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts
- Confectionery
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts
- Trade
- Table: South Korea Food & Drink Trade Indicators - Historical Data & Forecasts
- Industry Developments
- Market Overview
- Agriculture
- Organics
- Food-Processing
Drink
- Industry Forecast Scenario
- Hot Drinks
- Table: Hot Drink Value Sales - Historical Data & Forecasts
- Alcoholic Drinks
- Table: Alcoholic Drink Value/Volume Sales - Historical Data & Forecasts
- Soft Drinks
- Table: Soft Drink Value Sales - Historical Data & Forecasts
- Industry Developments
- Market Overview
- Alcoholic Drinks
- Soft Drinks
Mass Grocery Retail
- Industry Forecast Scenario
- Table: South Korea MGR Sales by Format - Historical Data & Forecasts
- Table: Grocery Retail Sales by Format - Historical Data & Forecasts
- Industry Developments
- Market Overview
- Table: Structure of South Korea's Mass Grocery Retail Market by Estimated Number of Outlets
- Table: Structure of South Korea's Mass Grocery Retail Market - Sales Value by Format (US$bn)
- Table: Structure of South Korea's Mass Grocery Retail Market - Sales Value by Format (KRWbn)
- Table: Average Sales per Outlet by Format - 2008
Competitive Landscape
- Table: Key Players in South Korea's Food & Drink Sector
- Table: Key Players in South Korea's Mass Grocery Retail Sector
- Company Analysis
- Food
- Maeil Dairy Industry
- Nong Shim Co Ltd
- Drink
- Hite Brewery
- Oriental Brewery
- Mass Grocery Retail
- Lotte Shopping
- Samsung Tesco HomePlus
South Korea Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education and Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market and Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2000-2012
BMI Food & Drink Methodology
- Food & Drink Business Environment Ratings
- Ratings Methodology
- Ratings Overview
- Ratings System
- Indicators
- Limits Of Potential Returns
- Risks To Realisation Of Potential Returns
- Weighting
- Table: Weighting
- BMI Food & Drink Industry Glossary
- Food & Drink
- Mass Grocery Retail
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7157...

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