Expected growth in the South Korea baby food market is projected at USD 84.5 million, reflecting a compound annual growth rate (CAGR) of approximately 3.5% during the upcoming 2024 to 2029 period. South Korea’s baby food market is largely driven by the rising number of working mothers and the country’s increasing focus on child nutrition. With more women joining the workforce, there is a heightened demand for convenient, nutritious baby food options that fit into the modern family lifestyle. Additionally, South Korea’s growing trend of health-conscious consumption has led to increased interest in organic, fortified, and functional baby foods. Furthermore, the country’s innovative approach to product development, with an emphasis on high-quality ingredients and safety, has contributed to a strong preference for premium baby food products.
This report provides a thorough assessment of the South Korea baby food industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, category and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the baby food industry.
Market Segmentation
The South Korea baby food market is categorized into the following segments:
Product type: dried baby food, prepared baby food, milk formula (standard formula, follow-on formula, growing-up milk, special milks), other baby food
Category: conventional, organic
Distribution channel: supermarkets and hypermarkets, warehouse clubs, small grocery stores, health and beauty stores, e-commerce, others
The South Korea market for baby food is divided based on product type, category and distribution channel. By product type, the market features dried baby food, prepared baby food, milk formula (standard formula, follow-on formula, growing-up milk, special milks), and other baby food. Category categories include conventional, and organic. Distribution channel segmentation comprises supermarkets and hypermarkets, warehouse clubs, small grocery stores, health and beauty stores, e-commerce, and others.
Competitive Landscape
Within the competitive landscape, significant companies profiled in the report include United Pharmaceuticals S.A., NZ Nutritional Goat Co., Nestle S.A., Namyang Dairy Products Co. Ltd., Maeil Dairies Co. Ltd., Lotte Corporation, Ildong Pharmaceutical Co. Ltd., HiPP GmbH & Company Vertrieb KG, Health Balance Corp., Ercohs Agricultural Corp Co. Ltd., Danone S.A. and Bebecook Co. Ltd.
This comprehensive report analyzes the performance of leading companies in the baby food sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea baby food market.
Gain in-depth analysis and forecasts for the key segments of the South Korea baby food market: product type, category and distribution channel.
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Gain deep insights into the dynamics of the South Korea baby food market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea baby food market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Baby Food Market – Product Type Analysis
South Korea Baby Food Market – Category Analysis
South Korea Baby Food Market – Distribution Channel Analysis
Key Players and Market Share
– United Pharmaceuticals S.A.
– NZ Nutritional Goat Co.
– Nestle S.A.
– Namyang Dairy Products Co., Ltd.
– Maeil Dairies Co., Ltd.
– Lotte Corporation
– Ildong Pharmaceutical Co., Ltd.
– HiPP GmbH & Company Vertrieb KG
– Health Balance Corp.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Baby Food Market 2019-2029
Chart South Korea Baby Food Market, Net Growth, 2019-2029
Chart South Korea Baby Food Market, Growth Rates, 2019-2029
Table South Korea Baby Food Market by Product Type, 2019-2029
Chart South Korea Baby Food Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Baby Food Market by Product Type, 2019-2029
Table South Korea Baby Food Market by Category, 2019-2029
Chart South Korea Baby Food Market by Category, CAGR Historic and Forecast, 2019-2029
Chart South Korea Baby Food Market by Category, 2019-2029
Table South Korea Baby Food Market by Distribution Channel, 2019-2029
Chart South Korea Baby Food Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Baby Food Market by Distribution Channel, 2019-2029
Table South Korea Baby Food Market Share (%), by Companies, 2019-2023
Chart South Korea Baby Food Market, by Companies, 2023
Table South Korea Baby Food Market Share (%), by Brands, 2019-2023
Chart South Korea Baby Food Market, by Brands, 2023
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Baby Food Market: Spend as a Proportion of GDP (%)
Table South Korea Baby Food Market: Consumption per Capita (Population)
Companies Mentioned
United Pharmaceuticals S.A.
NZ Nutritional Goat Co.
Nestle S.A.
Namyang Dairy Products Co., Ltd.
Maeil Dairies Co., Ltd.
Lotte Corporation
Ildong Pharmaceutical Co., Ltd.
HiPP GmbH & Company Vertrieb KG
Health Balance Corp.
Ercohs Agricultural Corp Co., Ltd.
Danone S.A.
Bebecook Co., Ltd.