Despite improving demand in 2022, the outlook for milk formula in South Korea is not particularly promising over the forecast period, due to a falling birth rate, which is one of the main constraints that baby food in South Korea has been facing, as an increasing number of couples choose to only have one child or none at all due to delayed marriage. Meanwhile, many local parents are willing to pay more for perceived better quality products for their children, regardless of the price, as smaller household sizes compared to previous generations enable higher expenditure.
As the number of young and dual-career couples increases in South Korea, a variety of services to help raise children is growing. In particular, subscription services are gaining in popularity, offering both milk formula and prepared baby food.
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Understand the latest market trends and future growth opportunities for the Baby Food industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Baby Food industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Baby Food
This is the aggregation of milk formula, prepared, dried and other baby food.
See All of Our DefinitionsThis report originates from Passport, our Baby Food research and analysis database.
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