Consumer and Market Insights: Ice Cream in South Korea
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The South Korean Ice Cream market is led by the ‘Impulse Ice Cream – Single Serve’ category in Off-trade sales while Artisanal Ice Cream leads the On-trade sales. The Artisanal Ice Cream category is forecast to register fastest growth in both Off-trade and On-trade market in value terms during 2015-2020. Hypermarkets & Supermarkets leads the distribution in the South Korean Ice Cream market. Dunkin` Brands Group, Inc is the leading player in the market. Private label products in the ‘Take-Home and Bulk Ice Cream’ category registered fastest growth in the market.
Scope
– The Ice Cream market in South Korea is forecast to grow at a CAGR of 1.1% in value terms during 2015-2020.
– The ‘Impulse Ice Cream – Single Serve’ category accounts for the highest Off-trade volume consumption in South Korea.
– The Artisanal Ice Cream category is forecast to witness the fastest growth in volume terms during 2015-2020.
– Hypermarkets & Supermarkets channel accounts for nearly two-fifth of the distribution share in the South Korean Ice Cream market.
– Private labels are gaining market share from brands in the South Korean Ice Cream market.
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 brand share analysis to plan effective market positioning
Binggrae Co. Ltd.
Chuchu Bar
Coo & Coo
General Mills Inc.
Haitai Confectionery & Foods Co. Ltd
Lotte Co. Ltd.
iZAC
Dunkin` Brands Group Inc.
General Mills Inc.
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