South Korea Foodservice Market Summary, Competitive Analysis and Forecast to 2027
Summary
Foodservice in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Foodservice is defined as the value of all food and drink, including on-trade drinks not drunk with food, for immediate consumption on the premises or in designated eating areas shared with other foodservice operators, or in the case of takeaway transactions, freshly prepared food for immediate consumption. Foodservice is restricted to the sales of food and drink in specific foodservice channels defined below and excludes vending machines.
The South Korean foodservice industry had total revenues of $99.0 billion in 2022, representing a compound annual growth rate (CAGR) of 0.5% between 2017 and 2022.
Industry consumption volumes declined with a negative CAGR of 1.5% between 2017 and 2022, to reach a total of 17 billion transactions in 2022.
South Korea captured a 6.8% share of the South American foodservice industry value in 2022.
Scope
Save time carrying out entry-level research by identifying the size, growth, and leading players in the foodservice market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the foodservice market in South Korea
Leading company profiles reveal details of key foodservice market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Korea foodservice market with five year forecasts by both value and volume
Reasons to Buy
What was the size of the South Korea foodservice market by value in 2022?
What will be the size of the South Korea foodservice market in 2027?
What factors are affecting the strength of competition in the South Korea foodservice market?
How has the market performed over the last five years?
How large is South Korea’s foodservice 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 rivalry
1.8. 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
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. Who are the leading players?
7.2. What are the strengths of leading players in the market?
7.3. What strategies do the leading players follow?
7.4. What are the most recent market developments?
8 Company Profiles
8.1. CJ Corp
8.2. McDonald's Corp
8.3. DSEN Inc
8.4. Domino's Pizza, Inc.
8.5. Starbucks Corporation
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 foodservice industry value: $ million, 2017–22
Table 2: South Korea foodservice industry volume: million transactions, 2017–22
Table 3: South Korea foodservice industry category segmentation: % share, by value, 2017–2022
Table 4: South Korea foodservice industry category segmentation: $ million, 2017-2022
Table 5: South Korea foodservice industry geography segmentation: $ million, 2022
Table 6: South Korea foodservice industry value forecast: $ million, 2022–27
Table 7: South Korea foodservice industry volume forecast: million transactions, 2022–27