South Korea Individual Quick Frozen Cheese Market Size & Outlook
South Korea individual quick frozen cheese market, 2018-2030 (US$M)
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South Korea individual quick frozen cheese market highlights
- The South Korea individual quick frozen cheese market generated a revenue of USD 157.0 million in 2021 and is expected to reach USD 281.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.7% from 2022 to 2030.
- In terms of segment, mozzarella was the largest revenue generating product in 2021.
- Mozzarella is the most lucrative product segment registering the fastest growth during the forecast period.
Individual quick frozen cheese market data book summary
| Market revenue in 2021 | USD 157.0 million |
| Market revenue in 2030 | USD 281.0 million |
| Growth rate | 6.7% (CAGR from 2021 to 2030) |
| Largest segment | Mozzarella |
| Fastest growing segment | Mozzarella |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mozzarella, Cheddar, Parmesan |
| Key market players worldwide | Procter & Gamble Co, Granarolo, Fonterra Co-operative Group, Leprino Foods, Ornua Ingredients North America, Casa RADICCI |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.2% of the global individual quick frozen cheese market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China individual quick frozen cheese market is projected to lead the regional market in terms of revenue in 2030.
- Philippines is the fastest growing regional market in Asia Pacific and is projected to reach USD 102.5 million by 2030.
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Individual Quick Frozen Cheese Market Scope
Individual Quick Frozen Cheese Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea individual quick frozen cheese 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 individual quick frozen cheese market will help companies and investors design strategic landscapes.
Mozzarella was the largest segment with a revenue share of 61.27% in 2021. Horizon Databook has segmented the South Korea individual quick frozen cheese market based on mozzarella, cheddar, parmesan covering the revenue growth of each sub-segment from 2018 to 2030.
The consumption of fast food in South Korea has undergone a rapid increase in recent years. South Koreans consume seven common Western-style fast food due to the increase in the number of socioeconomic groups, which are most responsible for the rise in fast food consumption.
Cheese imports by the Republic of Korea have been increasing steadily, owing to a sharp increase in the demand for packaged meals with cheese toppings. Moreover, tariff reductions and increased tariffrate quotas have lowered the prices of cheese in the country, which, in turn, is boosting the imports and is likely to drive the IQF cheese market growth in the country.
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Our clientele includes a mix of individual quick frozen cheese market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea individual quick frozen cheese market , including forecasts for subscribers. This country databook contains high-level insights into South Korea individual quick frozen cheese market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea individual quick frozen cheese market size, by product, 2018-2030 (US$M)
South Korea Individual Quick Frozen Cheese Market Outlook Share, 2021 & 2030 (US$M)
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