Market Trends of South Korea Kitchen Appliances Industry
The Increasing Number of Households and Disposable Income is Driving Domestic Demand of Korean Kitchen Appliance
The number of households in South Korea is on a constant rise. There were 22 million households in South Korea in 2021. The increasing number of households and disposable income in South Korea is driving the domestic demand for kitchen appliances. As more people have the means to invest in their homes, they are looking to upgrade their kitchens with modern and efficient appliances. This surge in demand is fueled by the desire for convenience, time-saving, and improved cooking experiences. With a growing middle class and changing lifestyles, the South Korea kitchen appliances market is expected to flourish.
Small Kitchen Appliances are Leading the Market in South Korea
Kitchenware and Kitchen appliances companies are paying attention to the small home appliance market as a new food source. This is due to the increase in the number of households with one or two people and the increase in demand for small appliances due to the coronavirus Pandemic. Small home appliances are now seen as a new growth engine, and leading players steadily release new products that can make use of specialties in the kitchen area. Small Kitchen appliances such as vacuum rice bowls and steam air fryers, Multicooker, Mixer, toasters are the most popular small kitchen appliances.
