Meal deals and combinations is the leading food category constituting the majority of market share by the number of menu items offered in restaurants, followed by the meat dishes and salads & sides categories, according to GlobalData’s menu intelligence database. According to GlobalData’s menu analysis of the meal deals and combinations category in South Korea report, the meal deals and combinations category constitutes a 59% share among all restaurant types in South Korea foodservice market. The report analyses 19,795 menu items from different foodservice outlets in South Korea and provides an overview of the food categories available across its foodservice channel. Buy the report here.
Smarter leaders trust GlobalData
Beef was found to be the most-used ingredient in the meal deals and combinations category, featuring in 45% of menu items, followed by salad vegetables and cheese. Nuts & seeds and pickles were also significant ingredients.
An analysis of the annual price change between 2023 and H1 2024 indicates that the average menu prices in the meal deals and combinations category have risen by 3702%. As on-premises dining gains momentum following the COVID-19 pandemic, the meal deals and combinations category in South Korea is expected to experience overall growth.
Different categories exhibited mixed price movements within South Korea foodservice market between 2023 and H1 2024. Food categories in South Korea witnessed price increase in their food offerings in the mentioned timeline. Out of these, meal deals and combinations category saw highest price increase.
An in-depth analysis of the meal deals and combinations category price trend by location reveals consumption trends of each region. The graph below represents the change in meal deals and combinations category menu prices during 2022-2024 across the top five locations. As seen below, meal deals and combinations category menu items in Busan became more affordable as compared to Pyeongtaek-si and Seoul(South Korea).
While consumers become more price conscious, operators look for ways to optimize their costs to retain margin and market share. In South Korea market, restaurants operators rely on innovation as a crucial tactic to appeal to customers as well as optimize costs. As increasing number of consumers seek novel experiences, foodservice operators must continuously innovate their menu choices, providing superior taste and quality along with a diverse selection of dishes. Operators should highlight the distinctive tastes and flavours of their food and beverage offerings in a convenient format to enhance customer engagement.
To further understand and explore GlobalData’s insight into South Korea category menu, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Online Menu Intelligence is a database of cost and profit foodservice operators on menus within Foodservice Intelligence Center. The tool’s several search options, such as cuisine, category, menu item, ingredient, and restaurant, help users to conduct focused searches in terms of price analysis (average price and change in prices), menu item claims, popular categories, cuisine/ingredient penetration levels, etc.
