South Korea Baking Ingredients Market Research Report, 2028

A wide variety of local ingredients give South Korea's baking scene a unique flavour. These regional ingredients provide baked items a distinctive flavour that captures the spirit of South Korean cuisine, from the earthy richness of roasted barley tea to the delicate sweetness of omija (Schisandra chinensis) and the delicate floral notes of yuja (citron). The South Korean market for baking supplies encourages innovation and compels bakers to try out novel flavour combinations. There is presence of unexpected flavour combinations, such soy sauce and caramel, black sesame and honey, and matcha (green tea) and red beans. These out-of-the-box combinations result in mouthwatering confections that delight and amaze the palette. The presentational skills of South Korean bakers have elevated baked products into culinary works of art. The market provides an astonishing variety of garnishes and toppings, from colourful candy pearls to delicate gold leaf, brilliant edible flowers, and meticulously crafted sugar art. Every composition becomes a visual and gustatory feast thanks to these eye-catching embellishments. The market for baking ingredients in South Korea caters to bakers who are concerned about their health, in keeping with the global trend towards healthy eating. Expect to find a wide range of substitutions, such as gluten-free flours, natural sweeteners like honey or Korean black sugar, and plant-based alternatives for dairy and eggs. With the help of these choices, bakers can produce tasty delicacies that suit their dietary requirements. According to the research report "South Korea Baking Ingredients Market Research Report, 2028," published by Actual Market Research, The South Korea Baking Ingredients Market is expected to add more than 159 Million by 2023-2028. The baking ingredients market in South Korea offers a remarkable range of flour varieties, including wheat flour, rice flour, corn flour, and even specialty flours like sweet potato flour and chestnut flour. This diversity allows bakers to experiment with different textures and flavors in their baked goods. South Korea embraces an array of unique sweeteners beyond traditional white sugar. Black sugar, known as "honggeopssul," made from unrefined cane sugar, is a popular choice for its rich flavor and distinctive caramel notes. Other sweeteners like honey, rice syrup, and fruit-based sweeteners such as jujube syrup and persimmon syrup add depth and natural sweetness to baked treats. Matcha, powdered green tea, has gained significant popularity in South Korea's baking ingredients market. Bakers incorporate matcha into various baked goods, including cakes, cookies, and pastries, to infuse a vibrant green color and a subtle earthy flavor. Matcha-flavored desserts have become a staple in South Korean bakeries and cafes. Red bean paste, or "pat," is a staple ingredient in South Korean baking. Made from cooked and sweetened azuki beans, it is used as a filling for pastries, buns, and bread. The smooth, velvety texture and sweet taste of red bean paste are deeply ingrained in traditional South Korean desserts and have found their way into modern baked goods as well. South Korea's baking ingredients market embraces an assortment of unique fruit flavors to add a touch of excitement to baked goods. Yuja (citron) and omija (Schisandra chinensis) are two distinctive flavors that infuse cakes, cookies, and bread with their refreshing, aromatic profiles. These exotic fruit flavors lend a distinct Korean twist to traditional Western recipes. South Korean bakers prioritize natural food colorings over artificial ones, leading to a surge in demand for ingredients like purple sweet potato powder, butterfly pea flower extract, and beetroot powder. These natural colorings not only add visual appeal but also align with the growing consumer preference for healthier and more natural options. South Korea's baking ingredients market offers an extensive selection of decorative elements and tools that allow bakers to showcase their creativity. From edible flowers, shimmering sprinkles, and intricate sugar art to character-themed cake molds and piping nozzles, these artistic decorations help transform ordinary baked goods into stunning masterpieces. As the demand for gluten-free options rises, the baking ingredients market in South Korea has responded with a wide range of gluten-free flours, such as rice flour, buckwheat flour, and even specialty flours like millet flour and amaranth flour. These alternatives cater to individuals with gluten sensitivities or dietary preferences, ensuring that everyone can enjoy delicious baked goods. With the increasing interest in plant-based diets, the baking ingredients market in South Korea has witnessed a surge in demand for vegan alternatives. Plant-based milk, egg substitutes, and dairy-free butter have become more readily available, enabling bakers to create vegan-friendly treats without compromising on taste or texture. South Korean baking ingredients market has seen collaborations between renowned celebrities and baking brands. Celebrity-endorsed baking mixes and equipment, inspired by popular K-Pop idols or TV personalities, create excitement among fans and enthusiasts, further driving the growth of the market and infusing baking with elements of popular culture.

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The baking ingredients market in South Korea is home to several leading brands that cater to the diverse needs of both amateur and professional bakers. Some prominent brands in the market are CJ CheilJedang, DongSuh Companies, Ottogi, Haitai Confectionery & Foods, Samyang Corporation, Orion, Lotte Confectionery. South Korean baking ingredients market incorporates traditional medicinal ingredients known for their health benefits. Ingredients like ginseng, black sesame, and jujube (Korean dates) are often used to add nutritional value and promote overall well-being in baked goods. Baking ingredient products in South Korea often feature creative and visually appealing packaging designs. Colorful and eye-catching packaging adds an element of excitement and enhances the overall baking experience for consumers. South Korea's baking ingredients market is complemented by a growing interest in baking education. Baking schools and workshops have gained popularity, offering aspiring bakers the opportunity to learn traditional techniques, experiment with unique ingredients, and refine their skills under the guidance of professional instructors. South Korea has vibrant online baking communities where enthusiasts come together to share recipes, exchange baking tips, and showcase their creations. These communities provide a platform for bakers to connect, inspire one another, and contribute to the ongoing growth and innovation in the baking ingredients market. South Korean television features popular baking shows that showcase talented bakers competing in various challenges. These shows have captured the interest and imagination of viewers, further fueling the enthusiasm for baking and driving the demand for baking ingredients. To cater to the convenience-seeking market, South Korea offers a wide range of do-it-yourself (DIY) baking kits. These kits provide pre-measured ingredients and step-by-step instructions, allowing even novice bakers to create delicious treats with ease. South Korea's baking ingredients market has fueled the growth of baking-themed cafes. These cafes offer a unique experience where customers can not only enjoy delectable baked goods but also witness the baking process firsthand, providing a holistic and immersive environment for baking enthusiasts. South Korea has unique baking traditions associated with festivals and holidays. For instance, during Lunar New Year, the market sees an increased demand for ingredients used in making tteok (rice cakes) and hangwa (traditional Korean sweets), allowing families to bond over the joy of baking and celebrating together. In South Korea, several hypermarkets and supermarkets provide a wide range of baking ingredients to cater to the needs of baking enthusiasts. Some major hypermarket and supermarkets are E-Mart, Homeplus, Lotte Mart, Costco, Mega Mart, Hanaro Mart, AK Plaza, Lotte Department Store. Clear and accurate product labelling is essential in the baking ingredients market to inform consumers about potential allergens and dietary restrictions. Adhering to strict labelling regulations and ensuring proper allergen labelling can be challenging for companies, especially when dealing with complex ingredient compositions and potential cross-contamination risks. The baking ingredients market in South Korea is highly competitive, with numerous local and international brands vying for market share. Companies need to continuously innovate, introduce new products, and differentiate themselves to stand out in the crowded marketplace. Building brand loyalty and maintaining strong distribution networks can be crucial for sustained success. Considered in this report: • Geography: South Korea • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Kripa Shah

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Aspects covered in this report: • South Korea Baking Ingredients Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Baking powder and mixes • Leavening agents • Oils, fats, and shortenings • Emulsifiers • Enzymes • Starch • Fiber • Preservatives • Colors & flavors • Sweetners • Others By Application: • Bread • Cookies & Biscuits • Rolls & Pies • Cakes & Pastries • Others (Waffles, Brownie, Crackers, Tart, Croissants, Pancakes, Donuts, etc)

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By Form: • Dry • Liquid The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to baking ingredients industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.