South Korea Confectionery Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 3.8 Billion
Market Forecast in 2033: USD 4.7 Billion
Market Growth Rate: 2.3%(2025-2033)
According to the latest report by IMARC Group, the South Korea confectionery market size reached USD 3.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.7 Billion by 2033, exhibiting a growth rate (CAGR) of 2.3% during 2025-2033.
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South Korea Confectionery Industry Trends and Drivers:
South Korea's confectionery market is buzzing with excitement as premium treats take center stage, appealing to those with a penchant for luxury. Consumers are indulging in the quality of chocolates, handmade candy, and gourmet sweets made with single origin cocoa, organic nuts, and real flavors. This trend reveals a desire for unique, decadent experiences either as individual indulgences or thoughtful gifts. Artisanal brands, almost exclusively local, produce small batches with attention to detail and a pleasing tension of textures and rich flavors that transforms the act of snacking into art. South Koreans appreciate a premium snack food made stylish with beautiful packages or simply "upmarket" and carry it everywhere we go, providing them with a more discerning level of flavor. In turn, the confectionery market will steadily improve in the direction of sweetness and sophistication.
The artisanal craze is sweeping the nation, melding tradition with innovation in Korea. Chocolatiers and confectionery makers are infusing local flavors into their product lines—think green tea, red bean, or yuzu—as truffles, gummies, or chewy candies, all with a specific nod in their product lines to Korean identity and heritage. These premium products shine in boutique stores and department stores, often catching the eye of the buyer due to stunning visuals and credible stories. All consumers, young and old, love the personalized touch of an artisanal product, whether it's handmade fudge or uniquely shapped sweets, especially for holiday or special occasions. Producers are focused on sourcing sustainable ingredients for high quality products, resonating with mindful eaters. The artisanal, high-end confectionery craze is creating buzz with buzz-worthy products and movement in the industry as South Koreans embrace a "real" sweet that embodies craftsmanship, culture, and a little decadence.
South Korea Confectionery Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest South Korea Confectionery Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments
The report has segmented the market into the following categories:
Product Type Insights:
- Hard-boiled Sweets
- Mints
- Gums and Jellies
- Chocolate
- Caramels and Toffees
- Medicated Confectionery
- Fine Bakery Wares
- Others
Age Group Insights:
- Children
- Adult
- Geriatric
Price Point Insights:
- Economy
- Mid-range
- Luxury
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmaceutical and Drug Stores
- Online Stores
- Others
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the South Korea Confectionery industry.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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