South Korea Ice Cream 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 Ice Cream Market Overview
The South Korea ice cream market size was KRW1.4 trillion ($1.2 billion) in 2021. The market is expected to register a negative CAGR of more than 5% during 2021-2026. The South Korea ice cream sector accounted for a value share of more than 1% in the global market in 2021.
The South Korea ice cream 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 ice cream market forecast, download a free report sample
South Korea Ice Cream Market Segmentation by Top Cities
The top cities in the South Korea ice cream market are Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan. Seoul accounted for the largest ice cream market share in South Korea in 2021.
South Korea Ice Cream Market Analysis, by Top Cities
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South Korea Ice Cream Market Segmentation by Category
The key categories in the South Korea ice cream market are impulse ice cream – single serve, artisanal ice cream, and take-home and bulk ice cream. Impulse ice cream – single serve led the South Korea ice cream sector in 2021.
South Korea Ice Cream Market Analysis, by Categories
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South Korea Ice Cream Market Segmentation by Distribution Channel
The key distribution channels in the South Korea ice cream market are hypermarkets and supermarkets, e-retailers, convenience stores, food and drinks specialists, cash & carries and warehouse clubs, and others. Hypermarkets & supermarkets was the leading distribution channel in the South Korea ice cream sector in 2021.
South Korea Ice Cream Market Analysis, by Distribution Channel
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South Korea Ice Cream Market Segmentation by Packaging Material
The key packaging materials in the South Korea ice cream market are flexible packaging, paper and board, and rigid plastics. Flexible packaging was the most used pack material in the South Korea ice cream sector.
South Korea Ice Cream Market Analysis, by Packaging Material
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South Korea Ice Cream Market - Competitive Landscape
Some of the leading players in the South Korea ice cream market are Binggrae Co., Ltd., Lotte Co., Ltd., Inspire Brands, Inc., Artisanal Producers, General Mills, Inc., and others. Binggrae Co. held the highest share of South Korea ice cream sector.
South Korea Ice Cream Market Analysis, by Leading Players
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South Korea Ice Cream Market Overview
| Market Size 2021 | KRW1.4 trillion ($1.2 billion) |
| CAGR (2021-2026) | >(5)% |
| Key Cities | Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan |
| Key Categories | Impulse Ice Cream – Single Serve, Artisanal Ice Cream, and Take-Home and Bulk Ice Cream |
| Key Distribution Channels | Hypermarkets and Supermarkets, E-Retailers, Convenience Stores, Food and Drinks Specialists, Cash & Carries and Warehouse Clubs, and Others |
| Key Packaging Materials | Flexible Packaging, Paper and Board, and Rigid Plastics |
| Key Players | Binggrae Co., Ltd., Lotte Co., Ltd., Inspire Brands, Inc., Artisanal Producers, General Mills, Inc., and Others |
Scope
This report provides:
- Overall sector value and volume data with growth analysis.
- Value and growth analysis for all the categories 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 and expenditure of ice cream were higher in South Korea than at both the global and regional levels in 2021
- The per capita consumption of impulse ice cream – single serve was higher than other ice cream categories in South Korea in 2021
- Private labels and brands are expected to register a decline during 2016-2021 in the South Korea ice cream sector
- The sales of take-home and bulk ice cream with health & wellness attributes and without health & wellness attributes declined during 2016-2021
- Impulse ice cream – single-serve, recorded the highest volume sales across leading cities in South Korea
- “Mid-lifers” represent the largest subset of the ice cream sector in South Korea
- Robust exports boosted South Korea’s GDP growth in 2021
- South Korea’s annual population growth rate will drop rapidly over 2021-2026
- The unemployment rate regained pre-pandemic levels in 2021 and will continue easing through 2026
- The unemployment rate in South Korea fell dramatically in mid-2021, owing to an increase in public sector jobs and part-time employment
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, and population (by age group, gender, rural-urban split, employed people, and unemployment rate). It also includes an economic summary of the country along with the labor market and demographic trends.
Lotte Co. Ltd.
Inspire Brands Inc.
General Mills Inc.
Coo & Coo
Farggi
Chuchu Bar
Unilever
Weis Frozen Foods
Dunkin' Donuts
Haitai Confectionery & Foods Co. Ltd
Table of Contents
Table
Figures
Frequently asked questions
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What was the South Korea ice cream market size in 2021?
The South Korea ice cream market size was KRW1.4 trillion ($1.2 billion) in 2021.
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What is the South Korea ice cream market growth rate?
The South Korea ice cream market is expected to register a negative CAGR of more than 5% during 2021-2026.
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Which are the key cities in the South Korea ice cream market?
The key cities in the South Korean ice cream market are Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan.
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What are the key categories of the South Korea ice cream market?
The key categories in the South Korea ice cream market are impulse ice cream – single serve, artisanal ice cream, and take-home and bulk ice cream.
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What are the key distribution channels of the South Korea ice cream market?
The key distribution channels in the South Korea ice cream market are hypermarkets and supermarkets, e-retailers, convenience stores, food and drinks specialists, cash & carries and warehouse clubs, and others.
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What are the key packaging materials used in the South Korea ice cream market?
The key packaging materials used in the South Korea ice cream market are flexible packaging, paper and board, and rigid plastics.
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Who are the leading players in the South Korea ice cream market?
Some of the leading players in the South Korea ice cream market are Binggrae Co., Ltd., Lotte Co., Ltd., Inspire Brands, Inc., Artisanal Producers, General Mills, Inc., and others.
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