South Korea Ice Cream Market Summary, Competitive Analysis and Forecast to 2027
Summary
Ice Cream in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 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
- The ice cream market consists of artisanal ice cream (both dairy and water-based), impulse ice cream (includes single-serve ice cream tubs, packaged cones ice cream sandwiches, and chocolate-coated ice creams) and take-home ice cream (includes multiple-serving ice cream tubs and, ice-cream cakes). The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2022 exchange rates.
- The South Korean Ice Cream market had total revenues of $1,072.6 million in 2022, representing a compound annual growth rate (CAGR) of -6.6% between 2017 and 2022.
- Market consumption volumes declined with a CAGR of -8% between 2017 and 2022, to reach a total of 136.2 million kilograms in 2022.
- The performance of the market is forecast to decline further but at a slower pace, with an anticipated CAGR of -0.9% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $1,023.3 million by the end of 2027.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the ice cream market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the ice cream market in South Korea
- Leading company profiles reveal details of key ice cream market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea ice cream market with five year forecasts
- What was the size of the South Korea ice cream market by value in 2022?
- What will be the size of the South Korea ice cream market in 2027?
- What factors are affecting the strength of competition in the South Korea ice cream market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's ice cream 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 ice cream market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2017-2022)?
- 7.4. Which companies’ market shares have suffered in the last 5 years (2017-2022)?
- 7.5. What are the most popular brands in the South Korean ice cream market ?
- 8 Company Profiles
- 8.1. Binggrae Co Ltd
- 8.2. Lotte Co Ltd
- 8.3. General Mills Inc
- 8.4. Inspire Brands Inc
- 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 ice cream market value: $ million, 2017-22
- Table 2: South Korea ice cream market volume: million kilograms, 2017-22
- Table 3: South Korea ice cream market category segmentation: % share, by value, 2017-2022
- Table 4: South Korea ice cream market category segmentation: $ million, 2017-2022
- Table 5: South Korea ice cream market geography segmentation: $ million, 2022
- Table 6: South Korea ice cream market distribution: % share, by value, 2022
- Table 7: South Korea ice cream market value forecast: $ million, 2022-27
- Table 8: South Korea ice cream market volume forecast: million kilograms, 2022-27
- Table 9: South Korea ice cream market share: % share, by value, 2022
- Table 10: Binggrae Co Ltd: key facts
- Table 11: Binggrae Co Ltd: Annual Financial Ratios
- Table 12: Binggrae Co Ltd: Key Employees
- Table 13: Lotte Co Ltd: key facts
- Table 14: Lotte Co Ltd: Key Employees
- Table 15: General Mills Inc: key facts
- Table 16: General Mills Inc: Annual Financial Ratios
- Table 17: General Mills Inc: Key Employees
- Table 18: Inspire Brands Inc: key facts
- Table 19: Inspire Brands Inc: Key Employees
- Table 20: South Korea size of population (million), 2018-22
- Table 21: South Korea gdp (constant 2005 prices, $ billion), 2018-22
- Table 22: South Korea gdp (current prices, $ billion), 2018-22
- Table 23: South Korea inflation, 2018-22
- Table 24: South Korea consumer price index (absolute), 2018-22
- Table 25: South Korea exchange rate, 2018-22
- List of Figures
- Figure 1: South Korea ice cream market value: $ million, 2017-22
- Figure 2: South Korea ice cream market volume: million kilograms, 2017-22
- Figure 3: South Korea ice cream market category segmentation: $ million, 2017-2022
- Figure 4: South Korea ice cream market geography segmentation: % share, by value, 2022
- Figure 5: South Korea ice cream market distribution: % share, by value, 2022
- Figure 6: South Korea ice cream market value forecast: $ million, 2022-27
- Figure 7: South Korea ice cream market volume forecast: million kilograms, 2022-27
- Figure 8: Forces driving competition in the ice cream market in South Korea, 2022
- Figure 9: Drivers of buyer power in the ice cream market in South Korea, 2022
- Figure 10: Drivers of supplier power in the ice cream market in South Korea, 2022
- Figure 11: Factors influencing the likelihood of new entrants in the ice cream market in South Korea, 2022
- Figure 12: Factors influencing the threat of substitutes in the ice cream market in South Korea, 2022
- Figure 13: Drivers of degree of rivalry in the ice cream market in South Korea, 2022
- Figure 14: South Korea ice cream market share: % share, by value, 2022
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