Sales of dehydrated vegetable in Korea are poised to surge at an 11.8% CAGR through 2033. The overall demand for dehydrated vegetable in Korea is set to rise considerably, crossing a valuation of USD 408 million in 2023. By 2033, sales projections for dehydrated vegetable in Korea indicate achieving a valuation of USD 1,245 million.
Key Trends to Bolster Revenues through 2033:
| Attributes | Details |
|---|---|
| Industry Size in Korea in 2023 | USD 408 million |
| Expected Industry Size of Korea by 2033 | USD 1,245 million |
| Forecasted CAGR between 2023 to 2033 | 11.8% |
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The sales outlook for dehydrated vegetable in Korea indicates that carrots are the leading product type, accounting for 6.70% of the industry share in 2023.
| Leading Product Type for Dehydrated Vegetable in Korea | Carrot |
|---|---|
| Total Value Share (2023) | 6.70% |
Carrots are widely used in both traditional Korean cuisine and in many international recipes. Their presence in local recipes contributes to their leadership in sales among dried vegetables. Dehydrated carrots are a versatile and highly sought-after product, as they can be consumed as standalone snacks or used as ingredients in a variety of meal preparations, such as soups, stews, salads, and baked goods. Carrots have been associated with various health benefits, including improved eye health, support for the immune system, and digestive assistance. Their popularity aligns with the growing consumer interest in health and well-being.
The demand outlook for dehydrated vegetable in Korea specifies that powders and granules are the prominent form, holding 38.00% of the industry share in 2023.
| Leading Form of Dehydrated Vegetable in Korea | Powder and Granules |
|---|---|
| Total Value Share (2023) | 38.00% |
Powdered and granulated versions are simple to integrate into processed meals like instant noodles, snacks, and spice mixes. Korea's food processing sector is growing, and these forms are significant components in many popular products. Powder and granules allow for the concentration of tastes and the customization of spice mixtures. This is particularly appealing in Korea, known for its diverse and bold flavors, as it allows individuals to tailor spices to their preferences. Additionally, due to their lightweight and compact nature, powder and granulated forms are cost-effective to transport. This benefits both domestic distribution and foreign export, contributing to the growing demand.
Principal Consultant
A dynamic interplay between big domestic firms, smaller local producers, and new overseas rivals characterizes the competitive environment of the dehydrated vegetable industry in Korea. Differentiation via innovation, sustainability, personalization, and successful distribution and branding strategies are the pillars of success in this industry. Competition among the industry's rivals is predicted to remain fierce as customer demand for health-conscious and convenient food alternatives grows.
Recent Development Observed in Dehydrated Vegetable in Korea
O’ Jeju, a Jeju island-based dried products manufacturer that offers a variety of dried fruits, vegetables, and kimchi. The company uses a hygienic zipper pouch that can preserve the original smell of kimchi, and its renowned products include dried mandarin oranges, kimchi, and slices of sweet potatoes.
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 408 million |
| Projected Industry Size by 2033 | USD 1,245 million |
| Anticipated CAGR between 2023 to 2033 | 11.8% CAGR |
| Historical Analysis of Demand for Dehydrated Vegetable in Korea | 2018 to 2022 |
| Demand Forecast for Dehydrated Vegetable in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Dehydrated Vegetable Adoption in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korean Manufacturers |
| Key Cities Analyzed While Studying Opportunities in Dehydrated Vegetable in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Nongshim Co., Ltd.; CJ CheilJedang (CJ Group); Ottogi Corporation; Sempio Foods Company; Sajo Industries Co., Ltd.; Daesang Corporation; Dongwon F&B; Lotte Confectionery; Haitai Confectionery & Foods Co., Ltd.; Orion Corporation |
The expected CAGR for the dehydrated vegetable industry in Korea through 2033 is a remarkable 11.8%.
The demand for dehydrated vegetable in Korea is projected to reach USD 1,245 million by 2033.
Health and wellness trends influence the demand for dehydrated vegetable in Korea.
Dehydrated vegetable providers emphasize product innovation to cater to dynamic consumer preferences.
Carrots are highly preferred in the dehydrated vegetable industry in Korea.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Carrot 5.2. Onions 5.3. Potatoes 5.4. Broccoli 5.5. Beans 5.6. Peas 5.7. Cabbage 5.8. Mushrooms 5.9. Tomatoes 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Minced & Chopped 6.2. Powder & Granules 6.3. Flakes 6.4. Slice & Cubes 6.5. Others 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 7.1. Organic 7.2. Conventional 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Food Manufacturers 8.1.1. Snacks & Savory Products 8.1.2. Infant Foods 8.1.3. Soups 8.1.4. Salads, Dressings & Sauces 8.1.5. Others 8.2. Food Service 8.3. Retail 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Technology 9.1. Air Drying 9.2. Spray Drying 9.3. Freeze Drying 9.4. Drum Drying 9.5. Vacuum Drying 9.6. Others 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 10.1. Direct 10.2. Indirect 10.2.1. Store Based Retailing 10.2.2. Online Retail 11. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. South Gyeongsang 11.2. North Jeolla 11.3. South Jeolla 11.4. Jeju 11.5. Rest of Korea 12. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 16. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 17. Market Structure Analysis 18. Competition Analysis 18.1. Sanmaeul 18.2. Joeun Mushroom Farming Association Co., Ltd 18.3. Yiwang Sangsa Co., Ltd. 18.4. Yongjin Trade Company 18.5. Seobunongsan 19. Assumptions & Acronyms Used 20. Research Methodology
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Demand and Trend Analysis of Dehydrated Vegetable in Korea
