Mashed Taro Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 9.5% from 2026 to 2033.
The Mashed Taro Market in South Korea is experiencing notable growth, driven by evolving consumer preferences and industry demands. Taro, traditionally used in Korean cuisine, is now being incorporated into various modern food products, reflecting a blend of tradition and innovation.
Key industries contributing to this surge include:
Food and Beverage Sector: Taro's unique flavor and nutritional benefits make it a popular ingredient in desserts, beverages, and snacks.
Health and Wellness Industry: With a growing focus on healthy eating, taro's high fiber content and low glycemic index appeal to health-conscious consumers.
Export Market: South Korea's taro products are gaining popularity in international markets, leading to increased production and export activities.
Recent trends indicate a diversification in taro-based products, including:
Ready-to-Eat Meals: Convenience foods incorporating mashed taro cater to busy lifestyles.
Plant-Based Alternatives: Taro serves as a substitute in vegan and vegetarian dishes, aligning with global dietary trends.
Functional Foods: Products enhanced with taro for added health benefits are entering the market.
Industry requirements to sustain and enhance this growth encompass:
Quality Control: Ensuring consistent quality of taro products to meet consumer expectations.
Research and Development: Innovating new taro-based products to diversify offerings.
Sustainable Farming Practices: Implementing eco-friendly cultivation methods to meet environmental standards.
Having explored the local markets and engaged with industry professionals, it's evident that the mashed taro sector in South Korea is poised for continued expansion. The fusion of traditional uses with modern applications positions taro as a versatile and valuable commodity in the food industry.
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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 Mashed Taro Market
Food & Beverage Industry
Cosmetics & Personal Care Products
Pharmaceuticals
Mashed Taro Puree
Mashed Taro Powder
Ready-to-Eat Mashed Taro
Online Retailers
Supermarkets & Hypermarkets
Specialty Stores
Commercial Use
Household Use
Fresh Mashed Taro
Frozen Mashed Taro
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Mashed Taro 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 Mashed Taro Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Mashed Taro Market, By Type
6. South Korea Mashed Taro Market, By Application
7. South Korea Mashed Taro Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Mashed Taro Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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