The forecast period from 2024 to 2029 suggests that the South Korea chocolate confectionery market will see a slight growth trajectory, with an anticipated increase of USD 46.4 million and a CAGR of around 1.6%. South Korea’s chocolate confectionery market is expanding as consumers, particularly in urban centers, are embracing premium chocolates and international brands. The younger population, in particular, is driving demand for innovative flavors and product formats, while gifting culture remains a significant driver, particularly during traditional holidays like Chuseok. The increasing popularity of dark chocolate and healthier options also reflects shifting consumer preferences in the market.
The report provides a comprehensive analysis of the South Korea chocolate confectionery industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, type and distribution channel. The insights gained from this evaluation help reveal the growth potential within the chocolate confectionery sector.
Market Segmentation
The segmentation of the South Korea chocolate confectionery market is outlined below:
Product type: boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys, seasonal chocolates, others
Type: regular, sugar-free
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, vending, e-commerce, others
The South Korea chocolate confectionery market is segmented by product type, type and distribution channel. The market is classified by product type into boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys, seasonal chocolates, and others. Type segments are divided into regular, and sugar-free. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, vending, e-commerce, and others.
Competitive Landscape
The chocolate confectionery market remains highly competitive, with major players including The Hershey Company, Orion Group, Nestle S.A., Morinaga & Company Ltd., Mondelez International Inc., Mars Incorporated, Lotte Corporation, Loacker S.p.A., Grupo Arcor S.A., Ferrero International S.A., Crown Confectionery Co. Ltd. and Chocoladefabriken Lindt & Sprungli AG.
This report presents an extensive analysis of major entities in the chocolate confectionery market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea chocolate confectionery market.
Gain in-depth analysis and forecasts for the key segments of the South Korea chocolate confectionery market: product type, type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea chocolate confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea chocolate confectionery market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Chocolate Confectionery Market – Product Type Analysis
South Korea Chocolate Confectionery Market – Type Analysis
South Korea Chocolate Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– The Hershey Company
– Orion Group
– Nestle S.A.
– Morinaga & Company, Ltd.
– Mondelez International Inc.
– Mars, Incorporated
– Lotte Corporation
– Loacker S.p.A.
– Grupo Arcor S.A.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Chocolate Confectionery Market 2019-2029
Chart South Korea Chocolate Confectionery Market, Net Growth, 2019-2029
Chart South Korea Chocolate Confectionery Market, Growth Rates, 2019-2029
Table South Korea Chocolate Confectionery Market by Product Type, 2019-2029
Chart South Korea Chocolate Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Chocolate Confectionery Market by Product Type, 2019-2029
Table South Korea Chocolate Confectionery Market by Type, 2019-2029
Chart South Korea Chocolate Confectionery Market by Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Chocolate Confectionery Market by Type, 2019-2029
Table South Korea Chocolate Confectionery Market by Distribution Channel, 2019-2029
Chart South Korea Chocolate Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Chocolate Confectionery Market by Distribution Channel, 2019-2029
Table South Korea Chocolate Confectionery Market Share (%), by Companies, 2019-2023
Chart South Korea Chocolate Confectionery Market, by Companies, 2023
Table South Korea Chocolate Confectionery Market Share (%), by Brands, 2019-2023
Chart South Korea Chocolate Confectionery Market, by Brands, 2023
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Chocolate Confectionery Market: Spend as a Proportion of GDP (%)
Table South Korea Chocolate Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
The Hershey Company
Orion Group
Nestle S.A.
Morinaga & Company, Ltd.
Mondelez International Inc.
Mars, Incorporated
Lotte Corporation
Loacker S.p.A.
Grupo Arcor S.A.
Ferrero International S.A.
Crown Confectionery Co., Ltd.
Chocoladefabriken Lindt & Sprungli AG