Homewares in South Korea is expected to witness decline over the forecast period, partly due to the ongoing economic slowdown, which has led to cautious consumer spending. Consumers are set to remain conservative in their purchasing decisions, only spending on essential items which should impact demand for non-essential goods like homewares.
The decline in consumer demand for stove-top cookware in South Korea is driven by shifts in cooking habits. As modern kitchen appliances like air fryers, induction cookers, and electric pressure cookers gain popularity, consumers are increasingly opting for these more efficient, versatile, and convenient cooking methods that require less manual effort.
In 2024, Corelle Brand Korea introduced the Duranano Collection, a premium line of non-stick stainless steel cookware. This collection utilises a patented nanotechnology that embeds metal powders like titanium and zirconium into the stainless steel surface at high temperatures, creating a durable, eco-friendly non-stick surface without harmful chemicals like PTFE or PFOA.
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Understand the latest market trends and future growth opportunities for the Homewares 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 Homewares 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.
Homewares
Cooking utensils, dishes, tableware, cutlery, drinkware, serving trays and other small articles used in a home. Items must be new when sold to the consumer. Second-hand / used homewares are excluded, as are antique sales. Homewares refers to dining (beverageware, cutlery and dinnerware) and kitchen (cookware and kitchenware).
See all of our definitionsThis report originates from Passport, our Homewares research and analysis database.
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