South Korea Bakery Premixes Market Size Expands at Significant CAGR to Touch USD 9.10 Billion & 5,200 Tons by 2030

Published | 03 May 2024

South Korea Bakery Premixes Market is flourishing because of the consistent efforts to maintain product quality, rapid urbanization, and a spurring demand for convenience foods.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Korea Bakery Premixes Market size at USD 7.85 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the South Korea Bakery Premixes Market size to expand at a CAGR of 5.21% reaching a value of USD 9.09 billion by 2030. By volume, BlueWeave estimated the South Korea Bakery Premixes Market size at 3.9 thousand tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the South Korea Bakery Premixes Market size to expand at a CAGR of 5.57% reaching the volume of 5.2 thousand tons by 2030. The introduction of bakery premixes composed of nutritious components, such as ancient grains, and the growing desire for convenient foods are two of the key growth drivers for the South Korea Bakery Premix Market. Moreover, over the period in analysis, the South Korea Bakery Premixes Market is expected to grow as a result of expanding e-commerce sector.

Opportunity: Easy accessibility through e-commerce platforms

The expanding e-commerce is providing lucrative growth opportunities to the major players in the South Korea Bakery Premixes Market by increasing and improving accessibility to bakery premixes through grocery platforms, such as Coupang, Emart, and Gmart.

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South Korea Bakery Premixes Market

Segmental Coverage

South Korea Bakery Premixes Market – By Application

Based on application, the South Korea Bakery Premixes Market is bifurcated into bread products & bakery products segments. The bread products segment dominates the South Korea Bakery Premixes Market. The market for bread premixes is influenced by the rising demand for specialty and premium breads as well as the substantial need for bread as a necessary breakfast item. Bread is a versatile and easily consumable food item that may be prepared in many different ways. Because of this, bread is in high demand among Korean customers, especially among working adults with hectic lifestyles.

Competitive Landscape

Major players operating in the South Korea Bakery Premixes Market include Hanmi F3 Co., Ltd, Puratos Group, Archer-Daniels-Midland Company, CJ CheilJedang Corp., DongA One Corporation, Samlip General Foods, SPC Group, Nongshim Co., Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the South Korea Bakery Premixes Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the South Korea Bakery Premixes Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the South Korea Bakery Premixes Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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