0 items USD 0.00Leading Pasta and Noodle Companies in South Korea
Table of Contents
The South Korean pasta and noodles market comprise the retail sale of dried pasta, dried and instant noodles, chilled pasta, chilled noodles, ambient pasta, and ambient noodles. Dried pasta category is expected to register the fastest value growth at a CGAR of 8% during 2018-2023.
1 . Top Pasta and Noodle Companies in South Korea
- Nong Shim Co Ltd
- Ottogi Foods Co Ltd
- CJ Cheiljedang Corp
- Sam Yang Foods Co Ltd
- Paldo Co Ltd
- E-Mart Inc.
The South Korean pasta & noodles sector is expected to grow at a CAGR of 3.4% by value during 2017-2023 Dried & instant noodles is the largest category in both the value and volume terms in the South Korean pasta & noodles sector. Value-wise the South Korean pasta and noodles market generated total revenues of USD 2.12 billion in 2017 and to reach USD 2.6 billion in 2023. Volume-wise the South Korean pasta and noodles market registered 432.9 million kg in 2017 and to reach 493.2 million kg in 2023.
Hypermarkets & supermarkets are the largest distribution channel with a value share of 81%. Consumption of pasta & noodles is higher among males than females in South Korea. Increasing busy lifestyles due to longer working hours and large commute times imply their readiness to opt for foods which take less cooking time. Flexible packaging accounted for a share of 99.8% in the South Korean pasta & noodles sector.
2 . Browse Related Reports
1. Nong Shim Co Ltd
Nongshim Co. Ltd. was formerly known as Lotte Food Industrial Company, is a South Korean food and beverage company headquartered in Seoul, South Korea. Nongshim was founded in 1965 under the name Lotte Food Industrial Company. The company is into Instant Noodles (brands like dried shrimp Ramyun, Beef Flovours Noodles etc.), Snacks (brands like Baked Cuttle fish snack, Banana Kick etc) and Bottled water (Baeksan Artesian Water).
2. Ottogi Foods Co Ltd
Ottogi Co, Ltd. is a South Korean food company with its headquartered in Daechi-dong, Gangnam-gu, Seoul, and Pyeongchon-dong, Dongan-gu, Anyang, Gyeonggi-do. The company was founded in 1969 by Ham Tae-ho. It was the first Korean food company to commercialize Japanese curry in South Korea and became one of the most successful firms in the South Korean market as a component of the KOSPI 200. The company is into the following products: Sauce/vinegar/Ketchup. Mayo, Powder/ Dehydrated Foods, Instant Foods, Grain Foods, Agriculture/Livestock/fishery products, Tea, Edible oils, Noodle, Ramen, etc. The company's "3 Minute" line of cooking products, curry, sesame oil, and ramen, make up a large percentage of their sales.
3. CJ Cheiljedang Corp
CJ Cheil Jedang is a South Korean food company based in Seoul that manufactures food ingredients, food, pharmaceuticals and biotechnology. Its brands include Beksul, Bibigo, CJ Hat Kimchi, DASIDA and Haechandle etc.
4. Sam Yang Foods Co Ltd
Samyang Foods, Inc., established in 1961, is an international South Korean food manufacturer. The first ramen company in South Korea. Their product includes Samyang ramen (Hot Chicken Flavor Ramen), Samyang bowl & cup noodles, Samyang snacks, Dairy products, sauces and Refined sugar.
5. Paldo Co Ltd
Paldo is the global food company started in 1963, with instant noodle business, then slowly diversified into the beverage business and logistics business in 1995. Their main products are instant noodles, Beverage, snack, Seaweed, Frozen foods etc.
6. E-Mart Inc.
e-mart is the largest retailer in South Korea, established in 1993. They operate a total of 158 branch locations in Korea (including Emart Traders) as of December 2018. In addition, by 2023, they plan to expand their presence throughout the projected 200 store locations of more, while penetrating into overseas markets in Vietnam and Mongolia.
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