2008-09-29 17:35:24 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report offering a comprehensive outlook of the food and drinks market in South Korea.

The report 'South Korean Food and Drinks Market: Emerging Opportunities' available at www.reportbuyer.com/go/RCS00486 provides an in-depth study and evaluation of the past, current, and future market trends in the food, beverage and tobacco industry of South Korea.

According to the report, South Korean consumers' expenditure on food, beverages and tobacco reached an estimated US$ 90 Billion in

2007 and is projected to grow at a compound annual growth rate (CAGR) of approx. 9% from 2008 to 2012. Fuelling the growth is an increasing affluence and changing lifestyles which have fostered greater consumption of processed foods and beverages in the country.

Key Findings of the Report include:
- In wealthier markets, environmental concerns have added sustainability to consumer demand for healthy and convenient products.
- Organic food market is forecast to swell at a CAGR of 22.5% during the period 2005 to 2010.
- Despite limited trade liberalisation, the inability of domestic producers to meet the burgeoning demand for variety means prospects for processed product imports are bright over the medium-term.

Evaluating key issues, the report analyses various segments of the South Korean food and drinks industry, including market size, driving factors, key opportunity areas and a brief profiling of major players.

The report 'South Korean Food and Drinks Market: Emerging Opportunities' is available from Report Buyer. Please visit:
www.reportbuyer.com/food_drink/country_overviews_food_drink/sout ..

Report Buyer product ID: RCS00486

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