The ‘South Korea Bakery Premixes Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the South Korea bakery premixes market, assessing the market on the basis of its segments like products and applications.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
South Korea Bakery Premixes Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.5%
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The increasingly hectic lifestyle of the working population in South Korea has propelled the need for convenience food items, favouring the South Korea bakery premixes market expansion.
Premixes for bakery products offer several advantages, such as superior product texture, a decreased risk of inaccurate weighing of raw materials, as well as lowered labour and inventory costs. Small bakeries and home bakers in the country are increasingly using premixes to create customised baked goods with longer shelf lives.
One of the key South Korea bakery premixes market trends is an increase in the demand for gluten-free bakery products amid rising incidences of celiac disease and gluten intolerance. Gluten-free foods are perceived to be healthier than conventional food products, boosting the demand for gluten-free bakery premixes.
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South Korea Bakery Premixes Market Industry Definition and Major Segments
Bakery premixes are a mixture of ingredients that are frequently utilised by commercial bakeries and home bakers. These are available in the market in various forms such as ready-to-use mixes, bases, concentrates, or improvers. They aid in simplifying the baking process by eliminating the need to measure and combine several components while ensuring the consistency and uniformity of the finished product and making the whole process more time efficient.
The South Korea bakery premixes market, based on product, can be divided into:
• Complete Mix
• Dough-based Mix
• Dough Concentrates
Based on application, the market can be segmented into:
• Bread Products
• Bakery Products
South Korea Bakery Premixes Market Trends
The rising demand for organic and natural ingredients is one of the major trends in the South Korea bakery premixes market. Health-conscious consumers are seeking baked goods that do not contain artificial flavours, colours, or preservatives.
The increasing sale of bakery premixes on e-commerce platforms is another market trend. Since they are more convenient and provide a greater selection of items, consumers are now buying bakery premixes through online channels. E-commerce platforms are also assisting small and medium-sized manufacturers of bakery premixes to expand their consumer base and reach a wider audience.
With the expansion of cafes and restaurant chains in the country, the demand for bakery products, especially premium varieties, has significantly increased. Moreover, the surging demand for premium baked goods like croissants, the growing popularity of baking at home, and the launch of innovative products with excellent nutritional profiles by key players are likely to aid the market in the coming years.
Key Market Players
The major players in the South Korea bakery premixes market report include
• Hanmi F3 Co., Ltd
• Puratos Group, and
• Archer-Daniels-Midland Company
• others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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