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South Korea Bakery Premixes Market
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South Korea Bakery Premixes Market

Home Food And Beverages South Korea Bakery Premixes Market

South Korea Bakery Premixes Market, By Type (Complete Mix, Dough Base Mix, Dough Concentrates); By Application (Bread Products, Bakery Products), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: May 2024
  • Report ID: BWC24334
  • Available Format: PDF
  • Page: 200

Report Overview

A spurring demand convenience food products with consistent quality driven by rapid urbanization and changing life style is expected to boost the growth of South Korea Bakery Premixes Market during the forecast period between 2024 and 2030.

South Korea Bakery Premixes Market - Industry Trends & Forecast Report, 2030

The South Korea Bakery Premixes Market size was estimated to be worth USD 7.85 billion in 2023. During the forecast period between 2024 and 2030, the South Korea Bakery Premixes Market size is projected to grow at a CAGR of 5.21%, reaching a value of USD 9.09 billion by 2030.

South Korea Bakery Premixes Market

By volume, the South Korea Bakery Premixes Market size was estimated at 3,900 tons in 2023. During the forecast period between 2024 and 2030, the South Korea Bakery Premixes Market size is expected to expand at a CAGR of 5.57% reaching a volume of 5,200 tons by 2030. Major growth factors for the South Korea Bakery Premixes Market include rising demand for convenient food products and the launch of bakery premixes made of healthy ingredients, such as ancient grains. Furthermore, expanding e-commerce sector growth is anticipated to provide a lucrative growth opportunity to the South Korea Bakery Premixes Market during the forecast period.

Bakery Premixes – Overview

A bakery premix is a dry mixture containing all the ingredients needed to make bakery goods, such as cake flour, sugar, milk powder, starch, baking powder, baking soda, emulsifier, salt, flavor, color, and whey protein. There are many various types of premixes, including ones for pastries, muffins, cookies, donuts, pancakes, waffles, and more. The quantity of raw ingredients needed to make the final product is decreased by using mixes and premixes. This reduction in complexity minimizes errors and saves time while utilizing items.

South Korea Bakery Premixes Market

Growth Drivers

Availability of Wide Range of Bakery Premixes

The market for baking premixes is mostly driven by the increasing demand for products with different flavors and tastes among consumers. Over time, the sugar industry has shifted its focus to producing healthier products. The high health consciousness among Korean consumers is boosting the demand for bakery premixes in the market. The growth of organized retail in emerging countries has driven the market for baking premixes.

Challenges

Health Concerns Associated with Bakery Premixes

The overconsumption of bakery products often lead to serious health concerns, which may limit the demand for bakery premixes in South Korea. The most common adverse health effects of bakery goods are diabetes, weight gain, and an elevated risk of heart disease. They tend to be made using refined flour, which has little fiber and might raise blood sugar levels. Products from bakeries are frequently heavy in sugar and calories, which can cause weight gain.

South Korea Bakery Premixes Market

Segmental Coverage

South Korea Bakery Premixes Market – By Type

Based on type, the South Korea Bakery Premixes Market is segmented into complete mix, dough base mix, and dough concentrates. The complete mix segment accounts for the highest market share in the market by type. Complete bakery premixes help the users in saving the preparation time and in removing the need for additional ingredients.

South Korea Bakery Premixes Market – By Application

Based on application, the South Korea Bakery Premixes Market is bifurcated into bread products and bakery products segments. The bread products segment dominates the South Korea 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.

South Korea Bakery Premixes Market Share

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, and 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.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Product/ Service Segmentation

Type, Application

Key Players

Hanmi F3 Co., Ltd, Puratos Group, Archer-Daniels-Midland Company, CJ CheilJedang Corp., DongA One Corporation, Samlip General Foods, SPC Group, Nongshim Co., Ltd

 

By Type

  • Complete Mix

  • Dough Base Mix

  • Dough Concentrates

By Application

  • Bread Products

  • Bakery Products

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. South Korea Bakery Premixes Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Convenience and Time Efficiency
        2. Consistent Product Quality
        3. Reduced Waste
        4. Rising Urbanization and Demand for Convenience Foods
      2. Restraints
        1. Availability of Raw Ingredients
        2. Price Fluctuations of Raw Ingredients
      3. Opportunities
        1. Increasing Health Consciousness
        2. Product Innovation and Introduction of Functional Ingredients
      4. Challenges
        1. Stringent Regulations
        2. Limited Shelf Life
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. South Korea Bakery Premixes Market: Marketing Strategies
  5. South Korea Bakery Premixes Market: Pricing Analysis
  6. South Korea Bakery Premixes Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Thousand Tons)
    2. Market Share & Forecast
      1. By Type
        1. Complete Mix
        2. Dough-Base Mix
        3. Dough Concentrates
      2. By Application
        1. Bread Products
        2. Bakery Products
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. South Korea Bakery Premixes Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  8. Impact of Escalating Geopolitical Tension on South Korea Bakery Premixes Market
  9. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Hanmi F3 Co., Ltd
    2. Puratos Group
    3. Archer-Daniels-Midland Company
    4. CJ CheilJedang Corp.
    5. DongA One Corporation
    6. Samlip General Foods
    7. SPC Group
    8. Nongshim Co., Ltd
    9. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1. Qualitative Research
      1.   Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       South Korea Bakery Premixes Segmentation

Figure 2       South Korea Bakery Premixes Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       South Korea Bakery Premixes Market Size, By Value (USD Billion), 2019-2030

Figure 5       South Korea Bakery Premixes Market Size, By Volume (Thousand Tons), 2019-2030

Figure 6       South Korea Bakery Premixes Market Share, By Type, By Value, 2019-2030

Figure 7       South Korea Bakery Premixes Market Share, By Type, By Volume, 2019-2030

Figure 8       South Korea Bakery Premixes Market Share, By Application, By Value, 2019-2030

Figure 9       South Korea Bakery Premixes Market Share, By Application, By Volume, 2019-2030

 

List of Tables

 

Table 1        South Korea Bakery Premixes Market Size, By Value (USD Billion), 2019-2030

Table 2        South Korea Bakery Premixes Market Size, By Volume (Thousand Tons), 2019-2030

Table 3        South Korea Bakery Premixes Market Size, By Type, By Value, 2019-2030

Table 4        South Korea Bakery Premixes Market Size, By Type, By Volume, 2019-2030

Table 5        South Korea Bakery Premixes Market Size, By Application, By Value, 2019-2030

Table 6        South Korea Bakery Premixes Market Size, By Application, By Volume, 2019-2030

Table 7        Hanmi F3 Co., Ltd Company Overview

Table 8        Hanmi F3 Co., Ltd Financial Overview

Table 9        Puratos Group Company Overview

Table 10      Puratos Group Financial Overview

Table 11      Archer-Daniels-Midland Company: Company Overview

Table 12      Archer-Daniels-Midland Company Financial Overview

Table 13      CJ CheilJedang Corp. Company Overview

Table 14      CJ CheilJedang Corp. Financial Overview

Table 15      DongA One Corporation Company Overview

Table 16      DongA One Corporation Financial Overview

Table 17      Samlip General Foods Company Overview

Table 18      Samlip General Foods Financial Overview

Table 19      SPC Group Company Overview

Table 20      SPC Group Financial Overview

Table 21      Nongshim Co., Ltd Company Overview

Table 22      Nongshim Co., Ltd Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: The South Korea Bakery Premixes Market size was estimated at USD 7.85 billion in 2023.
Ans: The South Korea Bakery Premixes Market size is expected to grow at a CAGR of 5.21% during the forecast period between 2024 and 2030.
Ans: The South Korea Bakery Premixes Market size is forecast to reach a value of USD 9.09 billion by 2030.
Ans: Major factors driving the growth of the South Korea Bakery Premixes Market include consistent product quality and rising urbanization and demand for convenience foods.
Ans: South Korea Bakery Premixes Market size by volume was estimated at 3.9 thousand tons in 2023.
Ans: By volume, South Korea Bakery Premixes Market size is expected to grow at a CAGR of 5.57% during the forecast period between 2024 and 2030.
Ans: South Korea Bakery Premixes Market size by volume is expected to reach 5.2 thousand tons by 2030.
Ans: Key players 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.
Ans: The bread products segment holds a higher market share in the South Korea Bakery Premixes Market by type.
Ans: The bread products segment is expected to grow at a higher CAGR in the South Korea Bakery Premixes Market during the forecast period between 2024 and 2030.