South Korea Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027
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The South Korea baby food market size was valued at KRW572.3 billion ($500.2 million) in 2021 and is expected to decline at a CAGR of 1% during 2021-2027. In 2021, Maeil Dairies led the baby food sector. Furthermore, the leading distribution channel was hypermarkets & supermarkets in the South Korean baby food space.
The South Korea baby food market research report provides extensive and highly detailed current and future market trends in the South Korean market.
South Korea Baby Food Market Outlook
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South Korea Baby Food Market Segmentation by Category
The key categories in the South Korea baby food market are baby milks, baby cereals & dry meals, baby wet meals & other, baby finger food, and baby drinks. The baby milk category led the market in 2021, followed by baby wet meals & other. Mead Johnson (Reckitt Benckiser), Danone, and Abbott Laboratories offered premium powdered baby milks.
South Korea Baby Food Market Analysis, by Categories
For more category insights into the South Korea baby food market, download a free report sample
South Korea Baby Food Market Segmentation by Distribution Channel
The key distribution channels in the South Korea baby food market are hypermarkets & supermarkets, e-retailers, convenience stores, and drugstores & pharmacies. In 2021, hypermarkets & supermarkets was the leading distribution channel in the South Korea baby market, followed by e-retailers.
South Korea Baby Food Market Analysis, by Distribution Channels
For more distribution channel insights into the South Korea baby food market, download a free report sample
South Korea Baby Food Market - Competitive Landscape
Some of the leading manufacturers in the South Korea baby food market are Maeil Dairies, Namyang Dairy, Ildong Foodis, Lotte, and Nestlé. In 2021, Maeil Dairies led the South Korean baby food sector in both value and volume terms.
South Korea Baby Food Market Analysis, by Leading Manufacturers
To know more about leading baby food players in South Korea, download a free report sample
South Korea Baby Food Market Overview
Market Size 2021 | KRW572.3 billion ($500.2 million) |
CAGR (2021-2027) | (1)% |
Key Categories | Baby Milks, Baby Cereals & Dry Meals, Baby Wet Meals & Other, Baby Finger Food, and Baby Drinks |
Key Distribution Channels | Hypermarkets & Supermarkets, E-Retailers, Convenience Stores, and Drugstores & Pharmacies |
Leading Manufacturers | Maeil Dairies, Namyang Dairy, Ildong Foodis, Lotte, and Nestlé |
Scope
This report provides:
- Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
- Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
- Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
- Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
- Future projections considering various trends which are likely to affect the industry.
Key Highlights
- Value sales of baby milks decreased in 2015-21, declining at a negative CAGR during this period.
- Volume sales of the baby cereals & dry meals category fell in 2015-21, contracting at a negative CAGR during this period.
- Value sales of the baby wet meals & other category grew in 2015 to 2021.
- In volume terms, the baby finger food category rose slightly in 2015-21.
- During 2015-21, per capita expenditure on baby drinks increased in current as well as constant price terms.
Reasons to Buy
- Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
- Analyze current and forecast behavior trends in each category to identify the best opportunities to exploit.
- Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
- Investigates which categories are performing the best and how this is changing market dynamics.
Table of Contents
Table
Figures
Frequently asked questions
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What was the South Korea baby food market size in 2021?
The baby food market size in South Korea was valued at KRW572.3 billion ($500.2 million) in 2021.
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What is the South Korea baby food market growth rate?
The baby food market in South Korea is expected to decline at a CAGR of 1% during 2021-2027.
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What are the key categories of the South Korea baby food market?
The key categories in the South Korea baby food market are baby milks, baby cereals & dry meals, baby wet meals & other, baby finger food, and baby drinks.
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What are the key distribution channels of the South Korea baby food market?
The key distribution channels in the South Korean baby food market are hypermarkets & supermarkets, e-retailers, convenience stores, and drugstores & pharmacies.
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Who are the leading manufacturers in the South Korea baby food market?
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