South Korean economy has made high level structural changes, post 2000 in the areas of agriculture, industry and urbanization.
With these having a hold in the market, more agricultural engineering complexes have been built along with facilities for processing of agricultural and fisheries output.
Although the food industry in Korea has contributed sufficiently to national income and created job opportunities it is now encountering problems such as lack of funding and competition from Korean and Chinese products.There were around 6,350 firms in South Korea’s food processing sector in 2003.
These firms valued their shipment to about $34 billion in 2005 which is further expected to increase by 5 percent before 2007.
Household expenditure on processed food continue to increase spreading to convenience-food stores and demand for ready-to-eat food items so popular among the younger generation.
This has boosted an increase in suppliers.RNCOS’ market research report “Food Processing Industry – South Korea (2005)” discusses how the availability of raw materials, changing lifestyles and flexible trade regulations has pushed the industry’s growth in the region.
The report also analyzes the improvements in demand and supply by the country in terms of unit sales while talking about the obstacles to growth opportunities for traders.REPORT HIGHLIGHTS– A comparative study of Asian food processing market vis-à-vis South Korea.
– A country wise estimate for processed food and beverages (2004/05).
– Assessment of changes in food and agricultural import regulations and standards, among the leading South Korean states.– Statistical summation of total import and export carried within the region and analysis of the regulatory changes involved.
– Identification of the market drivers of food processing industry in South Korea.– Analyzing the overall investment opportunities and sectors of South Korea.WHO SHOULD BUY THE REPORT?RNCOS’ present market research report is aimed to reach strategic planners, international marketing executives and export managers who are concerned with food processing machines and parts, in the global market.
The report provides an assessment for supporting new international strategies and developments of marketing plans confined to South Korean food processing.
It provides statistical inputs to support business environment, economy and trade balance of the South Korean food processing industry with respect to other countries.REPORT FEATURESThe market research report includes in its various sections a comprehensive coverage of the different business segments within the food processing industry accompanied with statistics, trends and legal framework and regulations that govern it.During the progress of its chapters the report begins with a profile of processed food and beverage sector in South Korea in 2005 followed by chapter 3 making a comparative study of the market in South Korea vis-à-vis Asia Pacific.
Chapter 4 deals with demand, production and supply of food processing of dairy products, animal products, oil and oil seeds and beverages.
Chapter 5 talks about the drivers of the industry.
Chapter 6 talks about the burgeoning workforce and on-farm employment limits.
Chapter 7 gives a study of South Korean food law; chapter 8 tells about the impact of South Korean food processing on the economy.
Chapter 9 talks about agro-processing industries and employment trends during 2000-05; chapter 10 gives SWOT analysis of the market.
Chapter 11 deals with issues affecting agro-processing industries and chapter 12 gives company profiles of top ten South Korean food processing firms.It also covers the profile of key players in the sector that includes brief profile, recent financials (wherever available), key management profiles, and company's strategic moves/press coverage's for overall market estimation and trend analysis.