Boston, MA -- (SBWIRE) -- 07/25/2014 -- This report brings together consumer insight and market data to provide a comprehensive brief of the South Korean Bakery and Cereals sector. This allows for the rapid identification of key growth opportunities across major Bakery and Cereals categories and their packaging.

Key Findings

- The Bakery and Cereals market in South Korea will register moderate growth during 2013-2018, as a result of increasing popularity of Western Cuisine among the Korean consumers.

- Bread and Rolls is the largest category by value and will register the highest growth during 2013-2018.

- Indulgence and age specific needs are the leading motivational factors influencing Bakery and Cereals consumption in South Korea.

- A young population, with a high disposable income and rapid economic development in the past decade, favor the growth of modern retail formats in South Korea.

- Domestic companies dominate the Bakery and Cereals market in South Korea and their brands are also popular in international markets.

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Growing urbanization and busy lifestyles have led South Korean consumers to purchase more Bakery and Cereals products. The market will register moderate growth during 2013-2018, with Bread and Rolls category registering the highest category growth. Innovative product launches, especially products with local flavours and those suiting Korean taste and preference, across categories will drive sales of Bakery and Cereals while a young South Korean population with high disposable income will drive the demand for premium products.

Reasons to Get This Report

Companies Mentioned in this Report: SPC Group, Shilla Myunggua, Patissier Kim Young Mo, Crown Confectionery Co., Ltd., Lotte Co., Ltd., Haitai Confectionery and Foods, Mondel?z Inc., Haitai Confectionery and Foods, Crown Confectionery, TheKelloggCompany, Post Foods, LLC., Samyang Genex Corp., CJ Group, Daehan Flour Mills Co., Ltd., Chung Jung Won, Beksul, Ottogi, Kashi Company, Weetabix Limited, Nice And Natural, Ssial Food, Cheong Woo Confectionery Co., Ltd, E-mart, Home plus, 7-Eleven, Family Mart, GS retail

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