South Korea Desserts Market was valued at USD 5 Billion in 2022 and is projected to reach USD 6.5 Billion by 2030, growing at a CAGR of 3.0% from 2024 to 2030.
The South Korea desserts market is rapidly growing as both locals and tourists indulge in a wide variety of sweet treats. From traditional desserts like bingsu (shaved ice) to modern creations, South Korea's dessert scene has evolved significantly, catering to the increasing demand for diverse and unique flavors. In recent years, industry experts have noticed a surge in the preference for healthy, innovative desserts that align with the global trend of mindful eating. This market has seen the rise of new players and the transformation of traditional items, which have been reimagined to suit modern tastes. As the demand for high-quality desserts grows, businesses are keen on incorporating new techniques and healthier ingredients into their products.
One of the key driving forces behind the booming South Korean dessert market is its strong cultural influence. Traditional sweets, like tteok (rice cakes), have deep roots in the country's heritage, and they continue to play a significant role in the food scene. However, the younger generation is increasingly drawn to fusion desserts and international influences. For instance, pastries, ice creams, and cakes inspired by Western flavors are becoming mainstream, especially in urban areas like Seoul. The rise of global food chains and independent dessert cafes has also contributed to the industry's growth, with more dessert options available at different price points.
From an industry perspective, the demand for innovation is a critical requirement. Dessert businesses are constantly adapting to evolving consumer preferences and experimenting with new ingredients, textures, and presentation styles. The South Korean desserts market requires a keen understanding of local tastes while balancing the influx of international influences. Additionally, there's a noticeable shift towards healthier alternatives, including organic ingredients, reduced sugar options, and plant-based alternatives. Furthermore, as the demand for premium and customized desserts rises, many businesses are focusing on creating experiences rather than just food. The integration of technology for better customer experiences, like ordering via apps and delivering desserts to your doorsteps, is becoming increasingly important.
In conclusion, South Korea's dessert market is thriving due to the blend of tradition, innovation, and a shift in consumer demands. Industry players are capitalizing on these trends by offering more options, experimenting with flavors, and focusing on healthier and personalized desserts. With its diverse and growing customer base, the desserts market is expected to continue expanding in the coming years.
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General Mills Inc
Unilever Group
Baskin Robbins LLC
Vadilal Industries
Zomato
Nestle SA
ConAgra Foods
Herdez
Blue Bell Creameries
London Dairy
Group Danone
Amul
Ben and Jerrys
Mother Dairy
Cocoberry
Britannia Industries
Ferrero SpA
Mars Inc
RJ Corp
Pinkberry
Bulla dairy foods
Ezaki Glico
Meji Co
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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 Desserts Market
Cakes
Cookies
Puddings & Custards
Ice Cream & Frozen Desserts
Pastries
Chocolate
Vanilla
Fruit Flavors
Caramel
Nut-Based Flavors
Traditional Ingredients
Organic Ingredients
Gluten-Free Ingredients
Dairy-Free Ingredients
Vegan Ingredients
Bulk Packaging
Single Serve Packaging
Gift Packs
Family Packs
Premium Packaging
Supermarkets/Hypermarkets
Specialty Stores
Online Retailers
Convenience Stores
Foodservice & HoReCa
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Desserts 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 Desserts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Desserts Market, By Type
6. South Korea Desserts Market, By Application
7. South Korea Desserts Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Desserts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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