The South Korea savory snacks market is on track for a substantial increase of USD 1.1 billion, indicating a compound annual growth rate (CAGR) of roughly 5.5% during the forecast period from 2024 to 2029. South Korea’s savory snacks market is benefiting from a growing demand for both local and global snack options. The country’s fast-paced lifestyle has made snacking a regular part of daily life, particularly among younger generations. There is also a strong interest in healthier snacks, such as baked chips, nuts, and seaweed snacks, as well as premium, innovative products that cater to the taste preferences of South Korean consumers. The influence of pop culture and global snack trends further boosts demand for trendy snack varieties.
The report delivers an in-depth analysis of the South Korea savory snacks industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, packaging material and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the savory snacks market.
Market Segmentation
The following outlines the segmentation of the South Korea savory snacks market:
Product type: corn and tortilla chips, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, rice snacks, savoury biscuits and crackers, seafood snacks, vegetable and pulse chips, others
Packaging material: flexible packaging, paper and board, rigid plastics, others
Distribution channel: convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, grocery stores, general merchant stores, e-commerce, others
The South Korea savory snacks market is categorized by product type, packaging material and distribution channel. By product type, it includes corn and tortilla chips, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, rice snacks, savoury biscuits and crackers, seafood snacks, vegetable and pulse chips, and others. Packaging material segments are categorized into flexible packaging, paper and board, rigid plastics, and others. Distribution channel segmentation comprises convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, grocery stores, general merchant stores, e-commerce, and others.
Competitive Landscape
Key players in the savory snacks market consist of Winners Co. Ltd., Sempio Foods Company Ltd., Samyang Roundsquare Co. Ltd., Sajo Haepyo Corporation, Ricos Products Co. Inc., PepsiCo Inc., OTTOGI CORPORATION. Ltd., Orion Group, Nongshim Co. Ltd., Murgerbon Co. Ltd., Mountain & Field, Lotte Corporation, Kojubu F&B Co. Ltd., Kellanova, Jinju Ham Co. Ltd., J&E Corporation, Gilim International Co. Ltd., Dongwon Group, Daesang Corporation, Crown Confectionery Co. Ltd. and CJ Corporation.
This report delivers an in-depth examination of leading companies in the savory snacks sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea savory snacks market.
Gain in-depth analysis and forecasts for the key segments of the South Korea savory snacks market: product type, packaging material 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 savory snacks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea savory snacks 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 Savory Snacks Market – Product Type Analysis
South Korea Savory Snacks Market – Packaging Material Analysis
South Korea Savory Snacks Market – Distribution Channel Analysis
Key Players and Market Share
– Winners Co., Ltd.
– Sempio Foods Company Ltd.
– Samyang Roundsquare Co., Ltd.
– Sajo Haepyo Corporation
– Ricos Products Co. Inc.
– PepsiCo, Inc.
– OTTOGI CORPORATION., Ltd.
– Orion Group
– Nongshim Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Savory Snacks Market 2019-2029
Chart South Korea Savory Snacks Market, Net Growth, 2019-2029
Chart South Korea Savory Snacks Market, Growth Rates, 2019-2029
Table South Korea Savory Snacks Market by Product Type, 2019-2029
Chart South Korea Savory Snacks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Savory Snacks Market by Product Type, 2019-2029
Table South Korea Savory Snacks Market by Packaging Material, 2019-2029
Chart South Korea Savory Snacks Market by Packaging Material, CAGR Historic and Forecast, 2019-2029
Chart South Korea Savory Snacks Market by Packaging Material, 2019-2029
Table South Korea Savory Snacks Market by Distribution Channel, 2019-2029
Chart South Korea Savory Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Savory Snacks Market by Distribution Channel, 2019-2029
Table South Korea Savory Snacks Market Share (%), by Companies, 2019-2023
Chart South Korea Savory Snacks Market, by Companies, 2023
Table South Korea Savory Snacks Market Share (%), by Brands, 2019-2023
Chart South Korea Savory Snacks 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 Savory Snacks Market: Spend as a Proportion of GDP (%)
Table South Korea Savory Snacks Market: Consumption per Capita (Population)
Companies Mentioned
Winners Co., Ltd.
Sempio Foods Company Ltd.
Samyang Roundsquare Co., Ltd.
Sajo Haepyo Corporation
Ricos Products Co. Inc.
PepsiCo, Inc.
OTTOGI CORPORATION., Ltd.
Orion Group
Nongshim Co., Ltd.
Murgerbon Co., Ltd.
Mountain & Field
Lotte Corporation
Kojubu F&B Co., Ltd.
Kellanova
Jinju Ham Co., Ltd.
J&E Corporation
Gilim International Co., Ltd.
Dongwon Group
Daesang Corporation
Crown Confectionery Co., Ltd.
CJ Corporation