South Korea Decaffeinated Products Market Forecast 2024-2032
KEY FINDINGS
The South Korea decaffeinated products market is prospected to progress with a CAGR of 8.15% during the forecast period 2024-2032. The market growth is stimulated by several factors, such as lifestyle choices, health and wellness considerations, rising disposable income and local consumption, and varied flavor profiles and product innovations that engage millennials.
MARKET INSIGHTS
The South Korea decaffeinated products market is distinguished by cross-cultural decaffeinated coffee blends, elaborating a fusion of diverse coffee preferences. The rising demand for coffee indicates a shift in consumer behavior towards convenient and consistent access to decaffeinated coffee. The emergence of ‘half-caff’ or ‘lightly caffeinated’ coffees underlines the preferences of individuals seeking a balanced caffeine intake.
The prerequisite for decaffeinated products is sustained by lifestyle choices, health considerations, and an increasing preference for such products due to rising disposable incomes and evolving local consumption patterns. Varied flavor profiles and product innovations seamlessly attract millennials to the market. Hence, these factors are set to encourage the market’s growth in South Korea during the forecast period.
However, challenges such as the impact of raw material price volatility and expensive production costs slow down the overall market growth. It addresses consumer education and navigates health and safety regulations, presenting complex challenges and demanding strategic solutions for sustained progress.
COMPETITIVE INSIGHTS
Some of the eminent companies in the market include Eight O'clock Coffee, JM Smucker Company, PepsiCo Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Scope Of Study
- 2.5. Major Market Findings
- 2.5.1. Rise In Cross-cultural Decaffeinated Coffee Blends
- 2.5.2. Surge In Coffee Subscription
- 2.5.3. Rising Preference For ‘half-caff’ Or ‘lightly Caffeinated’ Coffees
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Lifestyle Choices As Well As Health & Wellness Considerations
- 3.1.2. Rising Disposable Income And Local Consumption
- 3.1.3. Varied Flavour Profiles And Product Innovations Engage Millennials
- 3.2. Key Restraints
- 3.2.1. Raw Material Price Volatility And Expensive Production Costs
- 3.2.2. Consumer Education And Health And Safety Regulations
- 4. Key Analytics
- 4.1. Parent Market Analysis – Coffee Market Analysis
- 4.2. Pest Analysis
- 4.3. Key Market Trends
- 4.3.1. Demand For Functional Decaffeinated Products
- 4.3.2. Easy Availability Of Decaffeinated Products Through Various Sales Channel
- 4.3.3. Emerging Technologies For Decaffeination
- 4.3.4. Surge In Demand For Decaffeinated Coffee Capsules
- 4.4. Porter’s Five Forces Analysis
- 4.4.1. Buyers Power
- 4.4.2. Suppliers Power
- 4.4.3. Substitution
- 4.4.4. New Entrants
- 4.4.5. Industry Rivalry
- 4.5. Growth Prospect Mapping
- 4.5.1. Growth Prospect Mapping For South Korea
- 4.6. Market Maturity Analysis
- 4.7. Value Chain Analysis
- 4.7.1. Raw Material Suppliers
- 4.7.2. Processing, Decaffeination & Roasting
- 4.7.3. Distribution
- 4.7.4. Retailers & Coffee Shops
- 4.7.5. End-user
- 4.8. Key Buying Criteria
- 4.8.1. Cost
- 4.8.2. Product Features
- 4.8.3. Usability
- 4.8.4. Brand Name
- 5. Market By Gender
- 5.1. Male
- 5.2. Female
- 6. Market By Age Group
- 6.1. 18-29 Years
- 6.2. 30-44 Years
- 6.3. 45-64 Years
- 7. Market By Process
- 7.1. Solvent-based Process
- 7.1.1. Direct Solvent Process
- 7.1.2. Indirect Solvent Process
- 7.2. Swiss Water Process
- 7.3. Carbon Dioxide Process
- 8. Market By Product
- 8.1. Decaffeinated Coffee
- 8.1.1. Ground Decaf Coffee
- 8.1.2. Instant Decaf Coffee Mix
- 8.2. Other Decaffeinated Products
- 9. Market By Distribution Channel
- 9.1. On-trade
- 9.2. Off-trade
- 9.2.1. Supermarket & Hypermarket
- 9.2.2. Specialty Store
- 9.2.3. Online Retail
- 9.2.4. Convenience Store
- 9.2.5. Other Distribution Channels
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Mergers & Acquisitions
- 10.1.2. Product Launches
- 10.1.3. Partnerships
- 10.1.4. Business Expansions & Divestitures
- 10.2. Company Profiles
- 10.2.1. Eight O’clock Coffee
- 10.2.1.1. Company Overview
- 10.2.1.2. Product List
- 10.2.2. Pepsico Inc
- 10.2.2.1. Company Overview
- 10.2.2.2. Product List
- 10.2.3. Nestlé Sa
- 10.2.3.1. Company Overview
- 10.2.3.2. Product List
- 10.2.4. Strauss Group Ltd
- 10.2.4.1. Company Overview
- 10.2.4.2. Product List
- 10.2.5. Jm Smucker Company
- 10.2.5.1. Company Overview
- 10.2.5.2. Product List
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