Due to the high penetration rate in local households, overall growth in volume demand for food preparation appliances is expected to be stable but very slow in the forecast period. Blenders is expected to remain a key sales driver within food preparation appliances.
Manufacturers are expected to increasingly use the marketing claim of “low noise” in order to speak to consumers’ concerns about noise. Noisy neighbours continue to be a serious social issue in the country.
Traditional multinational companies are set to maintain their strong leadership of food preparation appliances, such as overall leader Groupe SEB, and second-placed Philips Korea. However, local players within food preparation appliances are likely to continue to invest in research and development over the forecast period.
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Understand the latest market trends and future growth opportunities for the Food Preparation Appliances 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.
If you're in the Food Preparation Appliances 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.
Food Preparation Appliances
Food preparation appliances includes food processors, blenders, mixers, juice extractors, citrus pressers, other food preparation appliances (eg pasta makers, electric mincers, smoothie makers, grinders and electric whisks)See All of Our Definitions
This report originates from Passport, our Food Preparation Appliances research and analysis database.
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