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New Report Available: Market Focus: Trends and Developments in the Confectionery Sector in South Korea

New Food market report from Canadean: "Market Focus: Trends and Developments in the Confectionery Sector in South Korea"

 

Boston, MA -- (SBWIRE) -- 08/29/2014 -- This report brings together consumer insight and market data to provide a comprehensive brief of the South Korean Confectionery sector. This allows for the rapid identification of key growth opportunities across major Confectionery categories and their packaging.

Key Findings:

- The Confectionery market in South Korea will register moderate growth during 2013-2014, driven by its large young and affluent population.

- Though Sugar Confectionery has large volume sales, the overall growth in the market will be driven by the growing popularity of Chocolate Confectionery.

- South Korean Consumers seek out Confectionery products which offer healthy indulgence and have low sugar content or functional benefits.

- Hypermarkets and Supermarkets are the most preferred retail channel for purchasing Confectionery in South Korea, followed by Convenience Stores.

- Domestic manufacturers lead the Confectionery market as consumers prefer local tastes and flavors

View Full Report Details and Table of Contents

The Confectionery market in South Korea will register moderate growth during 2013-2018 and Chocolate Confectionery will register the highest growth. As the age structure of South Korea is evolving, Confectioners will need to cater to the needs of aging population who have indulgent needs. The rising pollution and sore throat concerns will also drive sales of Medicate Confectionery. While there is a growing popularity of South Korean Chocolates with functional ingredients among foreign consumers, marketers will have to improve labelling and packaging to appeal to the growing consumer base.

Reasons to Get This Report:

Companies Mentioned in this Report: Lotte Co., Ltd., Mars, Incorporated, Crown Confectionery Co., Ltd., Lotte Co., Ltd., Orion Confectionery Co, Ltd., Bupuro, Crown Confectionery Co., Ltd., Tiger Brands, Haitai Confectionery and Foods Co., Ltd, Jeju, The Hershey Company, E-mart, Home plus, Family Mart, GS retail

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