Biscuits in South Korea - New Study Released
Biscuits saw retail value growth of 1% in spite of negative volume growth, to reach sales of Won966 billion in 2013. Overall biscuits has shown negative volume growth since 2012 due to the falling growth of savoury biscuits and crackers, cookies and sandwich biscuits. Retail value sales of savoury biscuits and crackers showed a decline of 1% in 2013, as local consumers prefer sweet biscuits for snacks. Moreover, manufacturers rarely develop new products in the category, since it is hard...
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