South Korea Ice Cream Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

South Korea Ice Cream Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

Summary

GlobalData’s Country Profile report on the Ice Cream sector in the South Korea provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

The South Korean ice cream sector was led by the impulse ice cream - single serve category in value terms and is also forecast to register fastest value growth during 2021. The impulse ice cream - single serve was the largest category in volume terms. Hypermarkets & supermarkets is the leading channel for distribution in the South Korean ice cream sector in the country. Binggrae Co. Ltd., Lotte Co. Ltd., Inspire Brands, Inc. are the top three companies in the South Korean ice cream sector.

What else is contained?

• Sector data: Overall sector value and volume data with growth analysis for 2016-2026
• Category coverage: Value and growth analysis for butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, fromage frais & quark, milk, soymilk & soy drinks and yogurt with inputs on individual segment share within each category and the change in their market share forecast for 2021-2026
• Leading players: Market share of companies (in value terms) and private labels (in value terms) in 2021
• Distribution data: Percentage of sales within each category through distribution channels such as cash & carries & warehouse clubs, convenience stores, department stores, food & drinks specialists, hypermarkets & supermarkets, e-retailers, “dollar stores”, variety stores & general merchandise retailers, vending machines, drug stores & pharmacies, health & beauty stores and other general retailers.
• Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, rigid plastics, paper & board and rigid metal; pack type for: jar, bag/sachet, tub, stand up pouch, carton - folding, can, carton - liquid, pillow pouch, bottle, cup, aerosol, tube, tray, film, wrapper, clamshell, box, foil and other pack type, closure type for: flip/snap top, screw top, prize off, twist off, plastic tie, foil, sports cap, film, cap, lever closure, crown and other closure types, primary outer types for: carton - folding, bag, sleeve and shrink wrap.

• Per capita consumption and expenditure of ice cream was higher in South Korea than in 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 Korean 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 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

• 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 have 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 on key macro-economic 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 economic summary of the country along with labor market and demographic trends.