South Korea Confectionery Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026
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South Korea Confectionery Market Overview
The South Korea confectionery market size was valued at KRW1,519.2 billion ($1.33 billion) in 2021. The market is expected to achieve a CAGR of more than 1% during 2021-2026. The South Korean confectionery market was led by the chocolate category in value terms, in 2021. Hypermarkets & supermarkets accounted for the leading share in the distribution of confectionery products while flexible packaging was the most used pack material for confectionery in the country. Seoul emerged as the largest confectionery market in South Korea, followed by Busan and Incheon.
The South Korea confectionery market research report provides insights on high-growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data, and company market shares.
For more insights on the South Korea confectionery market forecast, download a free report sample
South Korea Confectionery Market Segmentation by Top Cities
The top cities in the South Korea confectionery market are Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan. Seoul accounted for the largest confectionery market share in South Korea in 2021.
South Korea Confectionery Market Analysis, by Top Cities
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South Korea Confectionery Market Segmentation by Category
The key categories in the South Korea confectionery market are chocolate, gum, and sugar confectionery. Chocolate category is forecast to register the fastest value growth during 2021-2026.
South Korea Confectionery Market Analysis, by Categories
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South Korea Confectionery Market Segmentation by Distribution Channel
The key distribution channels in the South Korea confectionery market are hypermarkets and supermarkets, e-retailers, convenience stores, food and drinks specialists, and vending machines. Hypermarkets & supermarkets was the leading distribution channel in the South Korea confectionery sector in 2021, followed by e-retailers and convenience stores.
South Korea Confectionery Market Analysis, by Distribution Channel
For more distribution channel insights in the South Korea confectionery market, download a free report sample
South Korea Confectionery Market Segmentation by Packaging Material
The key packaging materials in the South Korea confectionery market are flexible packaging, paper and board, rigid plastics, and rigid metal. Flexible packaging was the most used pack material in the South Korea confectionery sector, followed by paper & board and rigid plastics.
South Korea Confectionery Market Analysis, by Packaging Material
For more packaging material insights in the South Korea confectionery market, download a free report sample
Competitive Landscape
Some of the leading players in the South Korea confectionery market are Lotte Co., Ltd., Orion Confectionery Co, Ltd., Crown Confectionery Co., Ltd., Ferrero S.p.A., and Mars, Incorporated. Lotte Co., Ltd accounted for the largest South Korea confectionery market share by value in 2021.
South Korea Confectionery Market Analysis, by Leading Players
To know more about leading confectionery players in South Korea, download a free report sample
South Korea Confectionery Market Overview
Market Size 2021 | KRW1,519.2 billion ($1.33 billion) |
CAGR (2021-2026) | >1% |
Key Cities | Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan |
Key Categories | Chocolate, Sugar Confectionery, and Gum |
Key Distribution Channels | Hypermarkets and Supermarkets, E-Retailers, Convenience Stores, Food and Drinks Specialists, and Vending Machines |
Key Packaging Materials | Flexible Packaging, Paper and Board, Rigid Plastics, and Rigid Metal |
Key Players | Lotte Co., Ltd., Orion Confectionery Co, Ltd., Crown Confectionery Co., Ltd., Ferrero S.p.A., and Mars, Incorporated |
Scope
This report provides:
- Overall sector value and volume data with growth analysis.
- Value and growth analysis for chocolate, gum, and sugar confectionery with inputs on individual segment share within each category and the change in their market share forecast.
- Market share of companies and private labels.
- Percentage of sales within each category through distribution channels.
- Consumption breakdown for package materials and pack types in each category in terms of percentage share of the number of units sold, pack material data, pack type, closure type, and primary outer type.
Key Highlights
- Per capita consumption of confectionery was higher in South Korea than at the regional and global levels in 2021.
- The per capita consumption of sugar confectionery was higher than other confectionery categories in South Korea in 2021.
- Hypermarkets & supermarkets is the leading distribution channel in the South Korean confectionery sector.
- Flexible packaging accounted for a major share of the South Korean confectionery sector in 2021.
- “Older Consumers” represent the largest subset of the confectionery sector in South Korea.
Reasons to Buy
- Identify high-potential categories and explore further market opportunities based on detailed value and volume analysis.
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
- Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
- The packaging analysis report helps manufacturers in identifying the most commonly used packaging materials in the sector.
- Analysis of key macroeconomic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people, and unemployment rate). It also includes an economic summary of the country along with the labor market and demographic trends.
Orion confectionery Co Ltd
Crown Confectionery Co. Ltd
Ferrero S.p.A.
Mars Incorporated
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Frequently asked questions
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What was the South Korea confectionery market size in 2021?
The confectionery market size in South Korea was valued at KRW1,519.2 billion ($1.33 billion) in 2021.
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What is the South Korea confectionery market growth rate?
The confectionery market in South Korea is expected to achieve a CAGR of more than 1% during 2021-2026.
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Which are the key cities in the South Korea confectionery market?
The key cities in the South Korean confectionery market are Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan.
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What are the key categories of the South Korea confectionery market?
The key categories in the South Korea confectionery market are chocolate, gum, and sugar confectionery.
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What are the key distribution channels of the South Korea confectionery market?
The key distribution channels in the South Korea confectionery market are hypermarkets and supermarkets, e-retailers, convenience stores, food and drinks specialists, and vending machines.
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What are the key packaging materials used in the South Korea confectionery market?
The key packaging materials used in the South Korea confectionery market are flexible packaging, paper and board, rigid plastics, and rigid metal.
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Who are the leading players in the South Korea confectionery market?
Some of the leading players in the South Korea confectionery market are Lotte Co., Ltd., Orion Confectionery Co, Ltd., Crown Confectionery Co., Ltd., Ferrero S.p.A., and Mars, Incorporated.
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