Prepared Baby Food - South Korea

South Korea

Revenue in the Prepared Baby Food market amounts to €8.31m in 2024. The market is expected to grow annually by 5.15% (CAGR 2024-2029).
In global comparison, most revenue is generated in Russia (€2,623m in 2024).
In relation to total population figures, per person revenues of €0.16 are generated in 2024.
In the Prepared Baby Food market, volume is expected to amount to 0.81m kg by 2029. The Prepared Baby Food market is expected to show a volume growth of 3.4% in 2025.
The average volume per person in the Prepared Baby Food market is expected to amount to 0.0kg in 2024.

Key regions: United States, United Kingdom, South Korea, India, Russia

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Región

Comparación de regiones

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Analyst Opinion

The Prepared Baby Food Market in South Korea is experiencing minimal growth, influenced by factors such as changing consumer preferences and the increasing availability of homemade options. Despite this, the market is still driven by the convenience and health benefits of prepared baby food products.

Customer preferences: In South Korea, there has been a growing demand for natural and organic baby food options, as parents become more health-conscious and seek out higher quality products for their children. This trend is also influenced by the rising number of working mothers, who are looking for convenient and nutritious options for their babies. Additionally, there has been a shift towards more diverse and international flavors in prepared baby food, reflecting the country's increasingly globalized and diverse population.

Trends in the market: In South Korea, the Prepared Baby Food Market within the Baby Food Market is experiencing a surge in demand for organic and natural baby food products. This trend is driven by the increasing awareness among parents about the benefits of feeding their babies with healthy and nutritious food. As a result, companies are investing in research and development to introduce new and innovative organic baby food options. This trend is expected to continue in the coming years, offering opportunities for industry stakeholders to tap into the growing demand for healthier baby food products. Additionally, the rise of e-commerce platforms and digital marketing strategies is helping companies reach a wider consumer base and cater to the needs of busy, tech-savvy parents. This trend is expected to shape the future of the Prepared Baby Food Market in South Korea, with potential implications for companies to adapt to changing consumer preferences and invest in digital marketing strategies to stay competitive.

Local special circumstances: In South Korea, the Prepared Baby Food Market is heavily influenced by the country's strong emphasis on health and wellness. With a high level of awareness and demand for organic and non-GMO products, the market is seeing a shift towards cleaner and more natural ingredients. Additionally, cultural factors such as the traditional practice of cooking and preparing meals at home for infants also play a role in shaping the market. Furthermore, the government's strict regulations on food safety and labeling also impact the market, with consumers placing a high value on trust and transparency in the products they purchase for their babies.

Underlying macroeconomic factors: The Prepared Baby Food Market of the Baby Food Market within The Food market is influenced by macroeconomic factors such as consumer spending, population demographics, and government policies. In South Korea, the growing population of working mothers and rising disposable income are driving the demand for convenient and nutritious baby food products. Additionally, the government's investments in healthcare and nutrition programs are promoting the adoption of healthy eating habits, further boosting the market growth. Furthermore, the country's stable economy and strong consumer confidence are creating a favorable environment for the growth of the Prepared Baby Food Market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.