Agribusiness and Information Management
- Volume 3 Issue 2
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- Pages.1-8
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- 2011
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- 2234-3075(pISSN)
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- 2288-7806(eISSN)
The Present and Future of Food Market in the Northeast Asia: Drinks Market
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Moon, Junghoon
(Program in Regional Information College of Agriculture and Life Sciences Seoul National University)
;
- Jeong, Jaeseok (Department of International Business Graduate School of Pan-Pacific International Studies Kyung Hee University)
- Published : 2011.12.30
Abstract
The main goal of this study is to show promising future food market of Northeast Asia countries, including China, Japan, and South Korea. Drinks market, including soft and alcoholic drinks is selected to show global food companies new opportunities for next strategic movements. Market Attractiveness Matrix is developed based on BCG matrix as a main framework for this study. CDI (Category Development Index) is also used. It is found that Asia-pacific has fast-growing markets and it has strong potential for future investment. Northeast Asia countries (China, Japan, and South Korea) turned out to be ones of the most attractive regional markets. However, European drinks market is saturated even though its size is still big. This study suggests that Northeast Asian market be considered a market for the next strategic movement and investment.