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Vending in South Korea

South Korea vending market: -8% CAGR decline forecast between 2012-17


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2014-02-11 05:31:02 - Vending in South Korea - a new market research report on companiesandmarkets.com

Lotte Chilsung Beverage Co Ltd led the South Korea vending market in 2012 with a 17% value share and managed to maintain the leading position thanks to the strong growth rates being recorded in soft drinks vending in the country. Coca-Cola Beverages Co recorded a 6% value share in vending in South Korea in 2012, a marginal increase on its position in 2011. These two leading players in vending each continued to benefit from the rising popularity of functional drinks such as Vitamin Water and Hot6. Dong-A Otsuka Co Ltd and Haitai Beverage Co Ltd each maintained their respective value shares of 3% and 2% in 2012.

Vending in South Korea declined in value by 7% in 2011. Packaged drinks vending

 

 

and packaged food vending were the only categories to record positive growth during the year, rising in value by 7% and 4% respectively, while other products vending recorded the highest value decline.

Vending in South Korea is expected to decline in constant value at a CAGR of -8% over the forecast period. Although there are new vending concepts being continuously introduced during the forecast period, it appears increasingly likely that vending will face stronger competition from other retailing channels, compromising the ability of the channel to make significant progress during the forecast period.

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