South Korea Confectionery Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Confectionery in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). 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 2021 annual average exchange rates.
- The South Korean Confectionery market had total revenues of $1,327.0m in 2021, representing a compound annual growth rate (CAGR) of 1.5% between 2016 and 2021.
- Market production volumes declined with a CAGR of -0.5% between 2016 and 2021, to reach a total of 95.1 million kilograms in 2021.
- The performance of the market is forecast to follow a similar pattern with an anticipated CAGR of 1.4% for the five-year period 2021 - 2026, which is expected to drive the market to a value of $1,424.7m by the end of 2026.
- 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
- What was the size of the South Korea confectionery market by value in 2021?
- What will be the size of the South Korea confectionery market in 2026?
- What factors are affecting the strength of competition in the South Korea confectionery market?
- How has the market performed over the last five years?
- How large is South Korea’s confectionery market in relation to its regional counterparts?
- 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 hot drinks market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2016-2021)?
- 7.4. Which companies’ market shares have suffered over the same period?
- 7.5. What are the most popular brands in the market?
- 8 Company Profiles
- 8.1. Lotte Confectionery Co., Ltd.
- 8.2. Orion Holdings Corporation
- 8.3. Ferrero Group
- 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, 2016-21
- Table 2: South Korea confectionery market volume: million Kilograms, 2016-21
- Table 3: South Korea confectionery market category segmentation: % share, by value, 2016-2021
- Table 4: South Korea confectionery market category segmentation: $ million, 2016-2021
- Table 5: South Korea confectionery market geography segmentation: $ million, 2021
- Table 6: South Korea confectionery market distribution: % share, by value, 2021
- Table 7: South Korea confectionery market value forecast: $ million, 2021-26
- Table 8: South Korea confectionery market volume forecast: million Kilograms, 2021-26
- Table 9: South Korea confectionery market share: % share, by value, 2021
- Table 10: Lotte Confectionery Co., Ltd.: key facts
- Table 11: Lotte Confectionery Co., Ltd.: Annual Financial Ratios
- Table 12: Lotte Confectionery Co., Ltd.: Key Employees
- Table 13: Orion Holdings Corporation: key facts
- Table 14: Orion Holdings Corporation: Annual Financial Ratios
- Table 15: Orion Holdings Corporation: Key Employees
- Table 16: Ferrero Group: key facts
- Table 17: Ferrero Group: Key Employees
- Table 18: South Korea size of population (million), 2017-21
- Table 19: South Korea gdp (constant 2005 prices, $ billion), 2017-21
- Table 20: South Korea gdp (current prices, $ billion), 2017-21
- Table 21: South Korea inflation, 2017-21
- Table 22: South Korea consumer price index (absolute), 2017-21
- Table 23: South Korea exchange rate, 2017-21
- List of Figures
- Figure 1: South Korea confectionery market value: $ million, 2016-21
- Figure 2: South Korea confectionery market volume: million Kilograms, 2016-21
- Figure 3: South Korea confectionery market category segmentation: $ million, 2016-2021
- Figure 4: South Korea confectionery market geography segmentation: % share, by value, 2021
- Figure 5: South Korea confectionery market distribution: % share, by value, 2021
- Figure 6: South Korea confectionery market value forecast: $ million, 2021-26
- Figure 7: South Korea confectionery market volume forecast: million Kilograms, 2021-26
- Figure 8: Forces driving competition in the confectionery market in South Korea, 2021
- Figure 9: Drivers of buyer power in the confectionery market in South Korea, 2021
- Figure 10: Drivers of supplier power in the confectionery market in South Korea, 2021
- Figure 11: Factors influencing the likelihood of new entrants in the confectionery market in South Korea, 2021
- Figure 12: Factors influencing the threat of substitutes in the confectionery market in South Korea, 2021
- Figure 13: Drivers of degree of rivalry in the confectionery market in South Korea, 2021
- Figure 14: South Korea confectionery market share: % share, by value, 2021
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook