PROSPECTS AND OPPORTUNITIES
Small cooking appliances with reduced noise levels expected to attract attention
After another year of retail volume decline for small cooking appliances in South Korea, growth is expected to return in the forecast period. In the coming years, a rise in the number of appliances featuring advanced noise reduction technology is expected.
Brands expand customer engagement through experiential pop-up stores
Recently, pop-up stores have been gaining popularity in consumer appliances. These experiential pop-up stores allow consumers to directly interact with and try out products that they may not typically have the chance to experience in person.
Niche demand for premium coffee machines
During the COVID-19 pandemic, demand for coffee machines surged as people opted to brew their own coffee and make desserts at home instead of visiting a café. South Korea, which has one of the highest per capita coffee consumption rates globally, has seen continuously rising expectations when it comes to coffee quality.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Cooking 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 Small Cooking 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 Small Cooking 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 Small Cooking 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?
Small Cooking Appliances in South Korea - Category analysis
KEY DATA FINDINGS
Moderate decline amidst economic slowdown and post-pandemic normalisation
Dongsuh Foods enters coffee machines
Players aim to reduce their reliance on rice cookers as consumer habits change
Small cooking appliances with reduced noise levels expected to attract attention
Brands expand customer engagement through experiential pop-up stores
Niche demand for premium coffee machines
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:
Small Cooking Appliances
- Breadmakers
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- Espresso Coffee Machines
- Filter Coffee Machines
- Other Standard Coffee Machines
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- Hard Pods
- Soft Pods
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- Coffee Mills
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- Air Fryers
- Oil Based Fryers
- Electric Grills
- Electric Steamers
- Freestanding Hobs
- Kettles
- Rice Cookers
- Slow Cookers
- Other Small Cooking Appliances
Small Cooking Appliances
Small cooking appliances includes coffee machines, breadmakers, electric grills, fryers, electric steamers, kettles, coffee mills, slow cookers, and other small cooking appliances.
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 Small Cooking Appliances research and analysis database.
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