PROSPECTS AND OPPORTUNITIES
Blenders in a ultra high speed performance competition
Food preparation appliances in South Korea is set to return to growth in food preparation appliances in the forecast period, with the strongest growth rate expected to be seen by the largest category, blenders. Various manufacturers of blenders are heavily promoting “ultra high-speed” as a central feature in their marketing strategy, aiming to attract busy, time-conscious modern consumers.
Wireless blenders that maximise convenience expected to continue being released
Consumers in South Korea increasingly prefer wireless appliances, due to the convenience and flexibility they offer. Traditional wired devices often limit mobility, confining users to locations near power outlets, whereas wireless appliances allow for greater freedom and versatility.
Small products designed for single person households expected to continue
Consumers are increasingly seeking small, efficient kitchen appliances that save space while still offering robust functionality. Space efficiency has become a critical factor for modern kitchens, especially as more South Koreans live in compact urban environments.
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Overview:
Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Food Preparation Appliances industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Food Preparation Appliances in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Food Preparation Appliances in South Korea?
- Which are the leading brands in South Korea?
- How are products distributed in South Korea?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Food Preparation Appliances in South Korea - Category analysis
KEY DATA FINDINGS
Another year of decline for food preparation appliances
Increasing number of single-person households negatively impacts sales
Rising demand for multifunctionality in food preparation appliances in South Korea
Blenders in a ultra high speed performance competition
Wireless blenders that maximise convenience expected to continue being released
Small products designed for single person households expected to continue
Consumer Appliances in South Korea - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Food Preparation Appliances
- Blenders
- Food Processors
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- Centrifugal Juicers
- Slow Juicers
- Mixers
- Other Food Preparation Appliances
Food Preparation Appliances
Food preparation appliances includes food processors, blenders, mixers, juice extractors, citrus pressers, other food preparation appliances (eg pasta makers, electric mincers, smoothie makers, grinders and electric whisks)
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Food Preparation Appliances research and analysis database.
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