2012-07-30 01:42:25 - South Korean Foodservice: The Future of Foodservice in South Korea to 2016 - a new market research report on companiesandmarkets.com

The South Korean foodservice industry finds itself in a much better position as disposable income increased considerably over the review period. The increase was from KRW898,070 billion in 2008 to KRW1,076,609.7 billion in 2011, at a CAGR of 6.2%. Additionally, rapid economic development has led to drastic changes in the lifestyle of consumers, who are now more willing to spend more money on eating out.

South Koreans are adopting healthy food habits mainly due to an increasing ageing population and growing health awareness. As people are becoming more aware about obesity and other health issues, the demand for healthier food products has risen.

In order to keep check on the incessant wastage of food at restaurants, a new technology named "swipe card

 

 

technology" has been created, according to which a consumer has to pay for the amount of food that they may have wasted.

The number of mobile subscribers has shown a significant increase, from 40.2 million users in 2006 to 52.3 million users in 2011. This increase has been mainly because of the widespread use of smart-phones in the country. Smart-phones provide an easy mode of choosing restaurants, bars, clubs, and other dining locations.

South Koreans are highly conscious of their health and are therefore very careful about their food, with a considerable population having resorted to vegetarian food completely.

Report Scope

This report provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies.

This report is the result of extensive market and company research covering the South Korean foodservice industry. It provides detailed analysis of both historic and forecast foodservice industry values at channel level, analysis of the leading companies in the industry, and South Korea´s business environment and landscape."South Korean Foodservice: The Future of Foodservice in South Korea to 2016" provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the South Korean foodservice value chain, and for new companies considering entering the market.

Key Features and Benefits

- This report provides readers with unparalleled levels of detail and insight into the development of the foodservice sector within South Korea.
- This report provides readers with in-depth data on the valuation and development of both the profit and cost sectors in the South Korean foodservice market.
- This report provides details on the number of outlets, transactions, average price, foodservice sales, sales per outlet, and transactions per outlet per week, across nearly 50 sub-channels.
- This report provides highly granular future forecasts and historic market data to aid market and strategic planning.
- This report will help you to assess the impact of economic recession and recovery on foodservice market growth.

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