Search
Local experts, global insights
Home  >  Press Releases  > Urban Lifestyles to Drive Growth for Bakery & Cereals in South Korea to 2017

Urban Lifestyles to Drive Growth for Bakery & Cereals in South Korea to 2017

25 September 2013

According to Canadean, health concerns and customer convenience are expected to drive growth in the Bakery & Cereals industry in South Korea up to 2017.  The industry will grow at a Compounded Annual Growth Rate (CAGR) of 4.1% by value and 3.4% by volume for the same time period.  

Urban Lifestyles to Drive Growth for Bakery & Cereals in South Korea to 2017

Convenience drives the growth of Energy Bars and Cereal Bars

An on-the-go lifestyle is aiding the growth of Energy Bars in South Korea. The category will display the highest growth in volume at a CAGR of 4.8% up to 2017. Energy Bars is second only to the staple Bread & Rolls category and will grow at a CAGR of 5.1% by value up to 2017.

Convenience is a large factor for the young middle class of South Korea. This consumer segment has busy lives and they require products that can be consumed quickly and easily. Cereal Bars are therefore a popular choice for individuals with a fast paced lifestyle. The category is expected to grow at a CAGR of 4.9% by value and 4.7% by volume up to 2017.

Health concerns slow the growth of the Cookies category

In keeping with the healthy lifestyle trend, Cookies will show the least growth over the next five years, with value and volume CAGRs of 3.0% and 2.8% respectively, to 2017.

The Canadean report: ‘The Bakery & Cereals Sector in South Korea, to 2017’ was published in September 2013.

For further information

Please contact the Canadean press office

Email: press@canadean.com

Telephone: +44 (0) 2032 200 818

Make sure to follow us on Twitter @Canadean

 

 

Press Releases

Press Inquiries
E: press@canadean.com
T: +44 161 359 5822