South Korea Food Processing Blades Market Size & Outlook
South Korea food processing blades market, 2017-2028 (US$M)
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South Korea food processing blades market highlights
- The South Korea food processing blades market generated a revenue of USD 18.4 million in 2021 and is expected to reach USD 32.4 million by 2028.
- The South Korea market is expected to grow at a CAGR of 8.4% from 2022 to 2028.
- In terms of segment, circular was the largest revenue generating product in 2021.
- Circular is the most lucrative product segment registering the fastest growth during the forecast period.
Food processing blades market data book summary
| Market revenue in 2021 | USD 18.4 million |
| Market revenue in 2028 | USD 32.4 million |
| Growth rate | 8.4% (CAGR from 2021 to 2028) |
| Largest segment | Circular |
| Fastest growing segment | Circular |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Straight, Curved, Circular |
| Key market players worldwide | Minerva SA ADR, Dorian Drake International, GEA Group AG, John Bean Technologies Corp, Nemco Food Equipment, Marel hf, Baader Bank AG., Bettcher Industries, HALLDE |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global food processing blades market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China food processing blades market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 68.2 million by 2028.
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Food Processing Blades Market Scope
Food Processing Blades Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea food processing blades market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food processing blades market will help companies and investors design strategic landscapes.
Circular was the largest segment with a revenue share of 39.67% in 2021. Horizon Databook has segmented the South Korea food processing blades market based on straight, curved, circular covering the revenue growth of each sub-segment from 2017 to 2028.
According to the U.S. Department of State, South Korea is a lucrative investment destination for foreign players in Asia on account of its political stability, logistics, information, and communication infrastructure. The United States-Korea Free Trade Agreement (KORUS), which came into effect in 2019, has enhanced investment inflow from the U.S. even further.
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Target buyers of South Korea food processing blades market databook
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Our clientele includes a mix of food processing blades market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea food processing blades market, including forecasts for subscribers. This country databook contains high-level insights into South Korea food processing blades market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea food processing blades market size, by product, 2017-2028 (US$M)
South Korea Food Processing Blades Market Share, 2021 & 2028 (US$M)
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