South Korea Shredded Cheese Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 5.7% from 2024 to 2030.
The South Korean shredded cheese market is experiencing rapid growth, driven by increasing demand across various industries, including foodservice, retail, and manufacturing. This market caters to a wide range of needs, from culinary applications to industrial uses. As consumer preferences evolve and international cuisines gain popularity, the demand for shredded cheese in South Korea continues to rise steadily. Shredded cheese is used in everything from pizzas and pastas to sandwiches and baked goods, and its versatile nature makes it an essential ingredient in both professional kitchens and households alike.
Industries such as fast food chains, pizza parlors, and restaurants are particularly prominent in their demand for shredded cheese. The fast-paced lifestyle of South Koreans has also contributed to the increasing popularity of ready-to-eat meals, which often require shredded cheese as a topping or filling. Moreover, with the growing awareness of Western diets and food trends, shredded cheese is being increasingly incorporated into local Korean dishes like kimchi pizza and cheese-filled tteokbokki, further boosting the market.
The rise in demand for shredded cheese has also been observed in the retail sector, with supermarkets and grocery stores expanding their dairy sections to accommodate a variety of shredded cheese options. Consumers, especially younger generations, are becoming more adventurous in their food choices, seeking out products that allow them to recreate global cuisine at home. This shift in consumer behavior is driving the growth of the shredded cheese market in South Korea.
Additionally, the need for shredded cheese extends beyond consumer-driven industries. The food manufacturing industry uses shredded cheese as an ingredient in processed foods, including snacks and frozen products. As the food processing industry grows, so does the demand for shredded cheese as a key component in mass-produced food items.
Shredded cheese manufacturers are increasingly focusing on product innovation to cater to the specific tastes and preferences of South Korean consumers. From reduced-fat versions to cheese blends and specialty flavors, manufacturers are diversifying their offerings to meet the varied requirements of the market. This, in turn, is ensuring a competitive and sustainable future for the shredded cheese market in South Korea.
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Hormel Foods
Daiya Foods
Tillamook
Borden Cheese (Dairy Farmers of America
Inc.)
Associated Milk Producers
Sargento Foods
Lisanatti Foods
Galaxy Nutritional Foods (GreenSpace Brands)
Winona Foods
Kerrygold USA
Masters Gallery Foods
Dutch Farms
Hunter Walton & Company
Leprino Foods Company
BelGioioso Cheese
Saputo Cheese
Granarolo S.p.A
Boulder Brands
Pacific Cheese
Devondale
Bega Cheese
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Shredded Cheese Market
Grated Cheese
Shredded Cheese
Cow Milk
Buffalo Milk
Goat Milk
Full-Fat
Low-Fat
Fat-Free
Food & Beverage
Processed Foods
Ready-to-Eat Meals
Vacuum Packs
Resealable Pouches
Plastic Containers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Shredded Cheese Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Shredded Cheese Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Shredded Cheese Market, By Type
6. South Korea Shredded Cheese Market, By Application
7. South Korea Shredded Cheese Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Shredded Cheese Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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