Research Insights on South Korea Frozen Food Market Size, Forecast and Industry Trends

14 November 2018, South Korea Frozen Food Market is expected to be valued at USD 1,629.3 million by 2024 driven primarily by growing aging population which demands frozen foods with high nutritional value and low preservatives. Time limitations are driving the demand for more timely ways of shopping and convenience products.

Increase in women workforce, single person household and longer working commutes have reduced the time available for home meal preparation and grocery shopping owing to which people are shifting towards frozen processed foods that merely take one step for preparation, for instance, boiling or heating.

The Korean market is primarily influenced by the number of rising number of people adopting western style diet which is expected to boost the demand for popular U.S. and European products. Trending demand for organic and fresh frozen food products has also seen an increase among young professionals and older population who are trying to stay fit. Convenient pricing is further expected to support the growth of frozen food products in the Korean market over the coming years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/south-korea-frozen-food-market

Convenience along with traditional appeal is the new trend when it comes to product innovation. Formal mealtimes which used to take minutes to cook and eat are considered to be past times. Millennials nowadays often consider eating impulsively rather than eating traditional meals. Therefore, manufacturers are expected to focus on innovation of quick and healthy frozen snacks that can be enjoyed depending on different occasion.

Frozen seafood products dominate the market with market revenue share of 44.5% in 2016 followed by ready meal segment. Commonly found recipe’s such as potatoes, ribs, spines and chicken are already boosting the sale of frozen food products in Korean market. Growing acceptance of frozen processed food by chefs across various restaurants and cuisines in South Korea is further expected to drive the demand for frozen products such as ready meals, meat & poultry, seafood, sorbets, and confectionery over the future period.

Hexa Research has segmented the South Korea frozen food market report based on type and distribution channel:

Segmentation by Type
    • Frozen ready meals
    • Frozen Pizza
    • Frozen fish/seafood
    • Frozen meat
    • Frozen potato products
    • Frozen bakery products
    • Others

Segmentation by Distribution Channel
    • Online
    • Offline

Key players analyzed:
    • Dongwon F&B
    • Nestle
    • Hansung Enterprise Co., Ltd.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/food-and-beverages-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website: https://www.hexaresearch.com