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South Korea frozen food market was estimated to be worth USD 1,313.0 million in the year 2016. The market for frozen food products is growing fast in South Korea owing to new social trend in which people are choosing to live and eat alone.
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Your Catalyst To a Lucrative Business South Korea Frozen Food Market Size, Share, Analysis, Growth, Trends, Outlook and Forecasts to 2024 | Hexa Research “South Korea frozen food market is expected to be valued at USD 1,629.3 million by 2024 driven primarily by growing aging population which demands frozen foods with high nutritional value and low preservatives.” 1 November 2018, South Korea Frozen Food Market is expected to be valued at USD 1,629.3 million by 2024 driven primarily by growing aging population which demands frozen foods with high nutritional value and low preservatives. Time limitations are driving the demand for more timely ways of shopping and convenience products. Increase in women workforce, single person household and longer working commutes have reduced the time available for home meal preparation and grocery shopping owing to which people are shifting towards frozen processed foods that merely take one step for preparation, for instance, boiling or heating. The Korean market is primarily influenced by the number of rising number of people adopting western style diet which is expected to boost the demand for popular U.S. and European products. Trending demand for organic and fresh frozen food products has also seen an increase among young professionals and older population who are trying to stay fit. Convenient pricing is further expected to support the growth of frozen food products in the Korean market over the coming years. Convenience along with traditional appeal is the new trend when it comes to product innovation. Formal mealtimes which used to take minutes to cook and eat are considered to be past times. Millennials nowadays often consider eating impulsively rather than eating traditional meals. Therefore, manufacturers are expected to focus on innovation of quick and healthy frozen snacks that can be enjoyed depending on different occasion. Browse Details of Report @ https://www.hexaresearch.com/research-report/south-korea-frozen-food- market Follow Us:
Your Catalyst To a Lucrative Business Frozen seafood products dominate the market with market revenue share of 44.5% in 2016 followed by ready meal segment. Commonly found recipe’s such as potatoes, ribs, spines and chicken are already boosting the sale of frozen food products in Korean market. Growing acceptance of frozen processed food by chefs across various restaurants and cuisines in South Korea is further expected to drive the demand for frozen products such as ready meals, meat & poultry, seafood, sorbets, and confectionery over the future period. Hexa Research has segmented the South Korea frozen food market report based on type and distribution channel: Segmentation by Type • Frozen ready meals • Frozen Pizza • Frozen fish/seafood • Frozen meat • Frozen potato products • Frozen bakery products • Others Segmentation by Distribution Channel • Online • Offline Key players analyzed: • Dongwon F&B • Nestle • Hansung Enterprise Co., Ltd. Browse Related Category Market Reports@https://www.hexaresearch.com/research-category/food-and- beverages-industry Follow Us:
Your Catalyst To a Lucrative Business Table of Content of South Korea Frozen Food Market Chapter 1. Market Summary 1.1. Market trends & movement Chapter 2. South Korea Frozen Food Market Trends: Drivers & Opportunities 2.1. Introduction 2.2. Key industry trends 2.2.1. Market drivers 2.2.2. Market restraints 2.3. Porter's Five Forces analysis 2.4. Supply chain analysis Chapter 3. South Korea Frozen Food Market, By Food Type 3.1. South Korea Frozen Food movement, by food-type, 2016 & 2024 3.1.1. Frozen ready meals 3.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Million) 3.1.2. Frozen Pizza 3.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Million) 3.1.3. Frozen fish/seafood 3.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Million) 3.1.4. Frozen meat 3.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Million) 3.1.5. Frozen potato products 3.1.5.1. Market estimates and forecast, 2014 - 2024 (USD Million) 3.1.6. Frozen bakery products 3.1.6.1. Market estimates and forecast, 2014 - 2024 (USD Million) 3.1.7. Others 3.1.7.1. Market estimates and forecast, 2014 - 2024 (USD Million) Chapter 4. South Korea Frozen Food Market, By Distribution Channel 4.1. South Korea Frozen Food movement, by Distribution Channel, 2016 4.1.1. Online 4.1.2. Offline Chapter 5. Competitive Landscape 5.1. Competitive landscape analysis, 2014 5.2. Strategic framework 5.3. Company profiles 5.3.1. Dongwon F&B Co., Ltd. Follow Us:
Your Catalyst To a Lucrative Business 5.3.1.1. Company Overview 5.3.1.2. Product Benchmarking 5.3.1.3. Financial Performance 5.3.1.4. Recent Initiatives 5.3.2. Hansung Enterprise Co., Ltd. 5.3.2.1. Company Overview 5.3.2.2. Product Benchmarking 5.3.2.3. Financial Performance 5.3.2.4. Recent Initiatives 5.3.3. Nestlé 5.3.3.1. Company Overview 5.3.3.2. Product Benchmarking 5.3.3.3. Financial Performance 5.3.3.4. Recent Initiatives 5.3.4. Hansung Enterprise Co., Ltd. 5.3.4.1. Company Overview 5.3.4.2. Product Benchmarking 5.3.4.3. Financial Performance 5.3.4.4. Recent Initiatives Follow Us:
Your Catalyst To a Lucrative Business About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - https://www.hexaresearch.com Follow Us:
