New Study: Grocery Retailers in South Korea

Grocery retailers increased by 1% in current value terms in 2015, to reach Won70,366.0 billion. Modern grocery retailers increased by 3%, whilst traditional grocery retailers declined by 4% in current value terms. The economic downturn led consumer sentiment to stall, and the spread of MERS (Middle East Respiratory Syndrome) encouraged consumers to stay at home and purchase items through internet retailing, leading to the slow growth of grocery retailers.

Competitive Landscape

The supermarket brand E-Mart led grocery retailers with a value share of 16% in 2015. Homeplus was the second biggest brand, with a value share of 11%, followed by Lotte Mart from Lotte Shopping with a value share of 8%. Convenience stores CU from BGF Retail and GS 25 from GS Retail ranked fourth and fifth in 2015, each with a value share of 6%.

Full Report Details at
- http://www.fastmr.com/prod/1127847_grocery_retailers_south_korea.aspx?afid=301

Industry Prospects

Grocery retailers is expected to see a negative value CAGR of 1% at constant 2015 prices during the forecast period. The number of outlets and sales area are also expected to see negligible negative CAGRs. As grocery retailers themselves are also expected to focus more on internet retailing during the forecast period, the number of outlets, sales area and value sales are expected to be negatively affected during the forecast period.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Grocery Retailers industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Grocery Retailers industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Grocery Retailers in South Korea market research report includes:

* Analysis of key supply-side and demand trends
* Detailed market shares for international and locally-based retailers
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* How is grocery retailing performing in South Korea?
* Are consumers switching towards more convenient grocery channels?
* Are independent and family run grocery stores coming under pressure in South Korea?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats

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