Incremental growth of USD 0.8 billion is anticipated in the South Korea ice cream market, which will expand at a CAGR of approximately 4.1% over the forecast period spanning 2024 to 2029. In South Korea, the ice cream market is buoyed by a strong preference for innovative and premium offerings, with consumers eager to try unique and limited-edition flavors. A growing emphasis on health is leading to a rise in low-calorie and functional ice creams, including options enriched with probiotics. Additionally, the popularity of convenience stores plays a significant role, as they serve as key distribution channels for ice cream.
This report presents a detailed overview of the South Korea ice cream industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like type, product type, ingredient and distribution channel. This detailed analysis supports the identification of growth opportunities within the ice cream industry.
Market Segmentation
The South Korea ice cream market is structured as follows:
Type: dairy ice cream, water ice cream, others
Product type: frozen yoghurt, impulse ice creams, plant-based ice creams, take-home ice creams
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: convenience stores, supermarkets and hypermarkets, warehouse clubs, food & drinks stores, grocery stores, foodservice channels, e-commerce, others
The South Korea ice cream market is segmented by type, product type, ingredient and distribution channel. The categorization of the market by type includes dairy ice cream, water ice cream, and others. Product type segments are divided into frozen yoghurt, impulse ice creams, plant-based ice creams, and take-home ice creams. Ingredient segments consist of fats and oils, milk, sweeteners, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, warehouse clubs, food & drinks stores, grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
Within the competitive landscape, significant companies profiled in the report include Unilever PLC, Lotte Corporation, Lara Sweet Co. Ltd., General Mills Inc. and Binggrae Co. Ltd. The report provides a detailed assessment of prominent companies within the ice cream market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea ice cream market.
Gain in-depth analysis and forecasts for the key segments of the South Korea ice cream market: type, product type, ingredient 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 ice cream market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea ice cream 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 Ice Cream Market – Type Analysis
South Korea Ice Cream Market – Product Type Analysis
South Korea Ice Cream Market – Ingredient Analysis
South Korea Ice Cream Market – Distribution Channel Analysis
Key Players and Market Share
– Unilever PLC
– Lotte Corporation
– Lara Sweet Co., Ltd.
– General Mills, Inc.
– Binggrae Co., Ltd.
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Ice Cream Market 2019-2029
Chart South Korea Ice Cream Market, Net Growth, 2019-2029
Chart South Korea Ice Cream Market, Growth Rates, 2019-2029
Table South Korea Ice Cream Market by Type, 2019-2029
Chart South Korea Ice Cream Market by Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Ice Cream Market by Type, 2019-2029
Table South Korea Ice Cream Market by Product Type, 2019-2029
Chart South Korea Ice Cream Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Ice Cream Market by Product Type, 2019-2029
Table South Korea Ice Cream Market by Ingredient, 2019-2029
Chart South Korea Ice Cream Market by Ingredient, CAGR Historic and Forecast, 2019-2029
Chart South Korea Ice Cream Market by Ingredient, 2019-2029
Table South Korea Ice Cream Market by Distribution Channel, 2019-2029
Chart South Korea Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Ice Cream Market by Distribution Channel, 2019-2029
Table South Korea Ice Cream Market Share (%), by Companies, 2019-2023
Chart South Korea Ice Cream Market, by Companies, 2023
Table South Korea Ice Cream Market Share (%), by Brands, 2019-2023
Chart South Korea Ice Cream 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 Ice Cream Market: Spend as a Proportion of GDP (%)
Table South Korea Ice Cream Market: Consumption per Capita (Population)
Companies Mentioned
Unilever PLC
Lotte Corporation
Lara Sweet Co., Ltd.
General Mills, Inc.
Binggrae Co., Ltd.