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