The dehydrated vegetable market in Korea is experiencing substantial growth, with sales projected to surge at an impressive 11.8% CAGR through 2033. The market’s value is anticipated to cross US$ 1.245 billion by 2033, marking a significant increase from US$ 408 million in 2023. This growth is driven by various factors, including the shift toward locally sourced and unique food items, the versatility of dehydrated veggies in different food products, and the expansion of eCommerce facilitating distribution.
In Korea, the demand for dehydrated vegetables is rising due to consumer preferences for healthy and convenient meal options. Factors such as the appeal of locally sourced products, the incorporation of dehydrated veggies into snacks and ready-to-eat meals, and the availability of user-friendly packaging are driving market demand. Subscription box services, co-branding initiatives, and cross-promotional strategies are also contributing to increased consumer interest in dehydrated vegetables.
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Growing Factor:
- Locally Sourced and Unique Food Items: Consumers in Korea are increasingly seeking locally sourced and unique food items, including dehydrated vegetables made using traditional processes or sourced locally.
- Product Versatility: Dehydrated vegetables can be incorporated into various food products, enhancing their nutritional and functional qualities. This versatility appeals to consumers looking for healthy and convenient meal options.
- eCommerce Expansion: The expansion of eCommerce has created new distribution channels for dehydrated vegetables in Korea, making them more accessible to consumers through online platforms and delivery services.
Key Takeaway:
The dehydrated vegetable market in Korea presents lucrative investment opportunities, with a projected CAGR of 11.8% and a forecasted valuation of US$ 1.245 billion by 2033. Key drivers of market growth include the demand for locally sourced and unique food items, the versatility of dehydrated veggies in different food products, and the expansion of eCommerce facilitating distribution. Investors looking to capitalize on this growth should focus on brands prioritizing product innovation, sustainability, and market expansion strategies targeting health-conscious Korean consumers.
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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.
Some of the Key Players in Dehydrated Vegetable in Korea
- 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
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Key Segments
By Product Type:
- Carrot
- Onions
- Potatoes
- Broccoli
- Beans
- Peas
- Cabbage
- Mushrooms
- Tomatoes
By Form:
- Minced & Chopped
- Powder & Granules
- Flakes
- Slice & Cubes
- Others
By Nature:
- Organic
- Conventional
- By End Use
- Food Manufacturers
- Foodservice
- Retail
By Drying Method:
- Air Drying
- Spray Drying
- Freeze Drying
- Drum Drying
- Vacuum Drying
By Distribution Channel:
- Store-based retailing
- Hypermarkets/ Supermarkets
- Convenience Stores
- Food and Drink Specialty Stores
- Online retail
Key Cities/Provinces:
- South Gyeongsang
- North Jeolla
- South Jeolla
- Jeju
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