The latest estimates indicate that the South Korea food preparation appliances market is expected to experience modest growth, with an incremental increase of USD 15.5 million. This growth is projected to occur at a compound annual growth rate (CAGR) of approximately 1.3% during the forecast period from 2024 to 2029. In South Korea, the food preparation appliances market is thriving due to the country’s growing interest in health-conscious eating and convenience in the kitchen. Busy urban lifestyles are leading consumers to seek appliances that save time and effort in meal preparation, such as food processors and blenders. Additionally, there is a rising preference for multifunctional appliances, including air fryers and juicers, as South Koreans become more focused on home cooking and healthy meal options. The increasing popularity of cooking at home, bolstered by social media and food influencers, is also contributing to the growth of the market.
The report delivers an in-depth analysis of the South Korea food preparation appliances industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the food preparation appliances market.
Market Segmentation
The following outlines the segmentation of the South Korea food preparation appliances market:
Product type: blenders, food processors, juice extractors, centrifugal juicers, slow juicers, mixers, others
Distribution channel: supermarkets and hypermarkets, general merchant stores, electronics and appliance stores, e-commerce, others
The food preparation appliances market in South Korea is segmented based on product type and distribution channel. In terms of product type, the market is segmented into blenders, food processors, juice extractors, centrifugal juicers, slow juicers, mixers, and others. Distribution channel segmentation comprises supermarkets and hypermarkets, general merchant stores, electronics and appliance stores, e-commerce, and others.
Competitive Landscape
The food preparation appliances market is dominated by key players, including Yangil Industry Co. Ltd., Whirlpool Corporation, Versuni Holding B.V., SK Magic Co. Ltd., Shinil Electronics Co. Ltd., Printec Corp., NUC Electronics Co. Ltd., Hurom Group Corp., Happycall Co. Ltd., Hanil Group, Groupe SEB, Electrolux AB, De’Longhi S.p.A. and Angel Electronics Co. Ltd.
This report delivers an in-depth examination of leading companies in the food preparation appliances sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea food preparation appliances market.
Gain in-depth analysis and forecasts for the key segments of the South Korea food preparation appliances market: product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea food preparation appliances market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea food preparation appliances 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 Food Preparation Appliances Market – Product Type Analysis
South Korea Food Preparation Appliances Market – Distribution Channel Analysis
Key Players and Market Share
– Yangil Industry Co., Ltd.
– Whirlpool Corporation
– Versuni Holding B.V.
– SK Magic Co., Ltd.
– Shinil Electronics Co., Ltd.
– Printec Corp.
– NUC Electronics Co., Ltd.
– Hurom Group Corp.
– Happycall Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Food Preparation Appliances Market 2019-2029
Chart South Korea Food Preparation Appliances Market, Net Growth, 2019-2029
Chart South Korea Food Preparation Appliances Market, Growth Rates, 2019-2029
Table South Korea Food Preparation Appliances Market by Product Type, 2019-2029
Chart South Korea Food Preparation Appliances Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Food Preparation Appliances Market by Product Type, 2019-2029
Table South Korea Food Preparation Appliances Market by Distribution Channel, 2019-2029
Chart South Korea Food Preparation Appliances Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Food Preparation Appliances Market by Distribution Channel, 2019-2029
Table South Korea Food Preparation Appliances Market Share (%), by Companies, 2019-2023
Chart South Korea Food Preparation Appliances Market, by Companies, 2023
Table South Korea Food Preparation Appliances Market Share (%), by Brands, 2019-2023
Chart South Korea Food Preparation Appliances 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 Food Preparation Appliances Market: Spend as a Proportion of GDP (%)
Table South Korea Food Preparation Appliances Market: Consumption per Capita (Population)
Companies Mentioned
Yangil Industry Co., Ltd.
Whirlpool Corporation
Versuni Holding B.V.
SK Magic Co., Ltd.
Shinil Electronics Co., Ltd.
Printec Corp.
NUC Electronics Co., Ltd.
Hurom Group Corp.
Happycall Co., Ltd.
Hanil Group
Groupe SEB
Electrolux AB
De’Longhi S.p.A.
Angel Electronics Co., Ltd.