Confectionery in South Korea
Summary
Confectionery in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The confectionery market consists of the retail sale of chocolate, gum and sugar confectionery products. The chocolate segment consists of all chocolate based products, including boxed chocolates, chocolate countlines, chocolate straightlines, molded bars and novelties. The gum segment consists of all bubble and chewing gum. Moreover, the sugar confectionery products consists of hard boiled sweets, mints, caramels & toffees, gums and jellies, marshmallows, fudges and medicated throat lozenges. The market is valued according to retail selling price (RSP) and includes any applicable taxes. Any currency conversions used in the creation of this report have been calculated using constant 2023 annual average exchange rates.
- The South Korean Confectionery market had total revenues of $1,295.0 million in 2023, representing a negative compound annual growth rate (CAGR) of 1.6% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 0.1% between 2018 and 2023, to reach a total of 94.8 million kilograms in 2023.
- The performance of the market is forecast to accelerate, with an anticipated CAGR of 2.5% for the five-year period 2023-2028, which is expected to drive the market to a value of $1,464.4 million by the end of 2028.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the confectionery market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the confectionery market in South Korea
- Leading company profiles reveal details of key confectionery market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea confectionery market with five year forecasts by both value and volume
- What was the size of the South Korea confectionery market by value in 2023?
- What will be the size of the South Korea confectionery market in 2028?
- What factors are affecting the strength of competition in the South Korea confectionery market?
- How has the market performed over the last five years?
- Who are the top competitors in South Korea's confectionery market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players in the South Korean confectionery market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2018-2023)?
- 7.4. Which companies market shares have suffered over the same period (2018-2023)?
- 7.5. What are the most popular brands in the South Korean confectionery market?
- 8 Company Profiles
- 8.1. Ferrero Group
- 8.2. Crownhaitai Holdings Co Ltd
- 8.3. Orion Holdings Corporation
- 8.4. Lotte WellFood Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea confectionery market value: $ million, 2018-23
- Table 2: South Korea confectionery market volume: million kilograms, 2018-23
- Table 3: South Korea confectionery market category segmentation: % share, by value, 2018-23
- Table 4: South Korea confectionery market category segmentation: $ million, 2018-23
- Table 5: South Korea confectionery market geography segmentation: $ million, 2023
- Table 6: South Korea confectionery market distribution: % share, by value, 2023
- Table 7: South Korea confectionery market value forecast: $ million, 2023-28
- Table 8: South Korea confectionery market volume forecast: million kilograms, 2023-28
- Table 9: South Korea confectionery market share: % share, by value, 2023
- Table 10: Ferrero Group: Key Facts
- Table 11: Ferrero Group: Key Employees
- Table 12: Crownhaitai Holdings Co Ltd: Key Facts
- Table 13: Crownhaitai Holdings Co Ltd: Annual Financial Ratios
- Table 14: Crownhaitai Holdings Co Ltd: Key Employees
- Table 15: Orion Holdings Corporation: Key Facts
- Table 16: Orion Holdings Corporation: Annual Financial Ratios
- Table 17: Orion Holdings Corporation: Key Employees
- Table 18: Lotte WellFood Co Ltd: Key Facts
- Table 19: Lotte WellFood Co Ltd: Annual Financial Ratios
- Table 20: Lotte WellFood Co Ltd: Key Employees
- Table 21: South Korea Size of Population (million), 2019-23
- Table 22: South Korea Real GDP (constant 2010 prices, $ billion), 2019-23
- Table 23: South Korea GDP (current prices, $ billion), 2019-23
- Table 24: South Korea Inflation, 2019-23
- Table 25: South Korea Consumer Price Index (absolute), 2019-23
- Table 26: South Korea Exchange Rate, 2018-23
- List of Figures
- Figure 1: South Korea confectionery market value: $ million, 2018-23
- Figure 2: South Korea confectionery market volume: million kilograms, 2018-23
- Figure 3: South Korea confectionery market category segmentation: $ million, 2018-23
- Figure 4: South Korea confectionery market geography segmentation: % share, by value, 2023
- Figure 5: South Korea confectionery market distribution: % share, by value, 2023
- Figure 6: South Korea confectionery market value forecast: $ million, 2023-28
- Figure 7: South Korea confectionery market volume forecast: million kilograms, 2023-28
- Figure 8: Forces driving competition in the confectionery market in South Korea, 2023
- Figure 9: Drivers of buyer power in the confectionery market in South Korea, 2023
- Figure 10: Drivers of supplier power in the confectionery market in South Korea, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the confectionery market in South Korea, 2023
- Figure 12: Factors influencing the threat of substitutes in the confectionery market in South Korea, 2023
- Figure 13: Drivers of degree of rivalry in the confectionery market in South Korea, 2023
- Figure 14: South Korea confectionery market share: % share, by value, 2023
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