Breakfast cereals in South Korea is expected to see a static retail volume CAGR in the forecast period, accompanied by a low retail current value CAGR. However, performances are projected to differ across categories.
Breakfast cereals is set to remain relatively stagnant in retail volume terms in the forecast period. This indicates that the category has reached between the maturity and decline stage, primarily due to the lack of distinctive points of differentiation which would allow breakfast cereals to outshine alternatives which also target the breakfast market.
Hot cereals saw exceptional retail volume and current value growth in South Korea in the review period, albeit from a low base, and this category is expected to continue to see the strongest rates of increase within breakfast cereals in the forecast period. The concept of hot cereals was challenging to many South Korean consumers when initially released, because breakfast cereals are traditionally consumed with chilled milk in this market.
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Understand the latest market trends and future growth opportunities for the Breakfast Cereals 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 Breakfast Cereals 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.
Breakfast Cereals
This is the aggregation of ready-to-eat (RTE) and hot cereals.
See All of Our DefinitionsThis report originates from Passport, our Breakfast Cereals research and analysis database.
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