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Confectionery in South Korea

Publisher MarketLine
Published Jul 31, 2025
Length 40 Pages
SKU # MTLN20472853

Description

Confectionery in South Korea

Summary

Confectionery in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Confectionery market includes retail sales of chocolate, sugar confectionery, and gum products. Chocolate segment includes all chocolate based products, including boxed chocolates, chocolate countlines, chocolate straightlines, molded bars and novelties. Sugar confectionery segment includes caramels and toffees, gums and jellies, hard boiled sweets, liquorice, lollipops, medicated confectionery and mints. Gum segment covers all bubble and chewing gum. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
  • The South Korean confectionery market recorded revenues of $1,321 million in 2024, representing a negative compound annual growth rate (CAGR) of 1.4% between 2019 and 2024.
  • Market consumption volumes declined with a negative CAGR of 0.7% between 2019 and 2024, reaching a total of 90.2 million kilograms in 2024.
  • The South Korean confectionery market experienced a contraction during the review period (2019-24), primarily due to shifting consumer preferences toward healthier snacking options, heightened concerns about sugar intake, and demographic changes such as a declining birth rate and aging population, which reduced demand for traditional sweets.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the confectionery market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the confectionery market in South Korea
  • Leading company profiles reveal details of key confectionery market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea confectionery market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea confectionery market by value in 2024?
  • What will be the size of the South Korea confectionery market in 2029?
  • What factors are affecting the strength of competition in the South Korea confectionery market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's confectionery market?

Table of Contents

40 Pages
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 confectionery market?
7.3. Which companies have been most successful in increasing their market shares during 2019-24?
7.4. Which companies market shares have suffered over the same period (2019-24)?
7.5. What are the most popular brands in the South Korean confectionery market?
8 Company Profiles
8.1. Lotte Co Ltd
8.2. Crownhaitai Holdings Co Ltd
8.3. Mars Inc
8.4. Ferrero International SA
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 confectionery market value: $ million, 2019-24
Table 2: South Korea confectionery market volume: million kilograms, 2019-24
Table 3: South Korea confectionery market category segmentation: % share, by value, 2019-24
Table 4: South Korea confectionery market category segmentation: $ million, 2019-24
Table 5: South Korea confectionery market geography segmentation: $ million, 2024
Table 6: South Korea confectionery market distribution: % share, by value, 2024
Table 7: South Korea confectionery market value forecast: $ million, 2024-29
Table 8: South Korea confectionery market volume forecast: million kilograms, 2024-29
Table 9: South Korea confectionery market share: % share, by value, 2024
Table 10: Lotte Co Ltd: Key Facts
Table 11: Lotte Co Ltd: Key Employees
Table 12: Crownhaitai Holdings Co Ltd: Key Facts
Table 13: Crownhaitai Holdings Co Ltd: Annual Financial Ratios
Table 14: Crownhaitai Holdings Co Ltd: Key Employees
Table 15: Mars Inc: Key Facts
Table 16: Mars Inc: Key Employees
Table 17: Mars Inc: Key Employees Continued
Table 18: Ferrero International SA: Key Facts
Table 19: Ferrero International SA: Key Employees
Table 20: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea confectionery market value: $ million, 2019-24
Figure 2: South Korea confectionery market volume: million kilograms, 2019-24
Figure 3: South Korea confectionery market category segmentation: $ million, 2019-24
Figure 4: South Korea confectionery market geography segmentation: % share, by value, 2024
Figure 5: South Korea confectionery market distribution: % share, by value, 2024
Figure 6: South Korea confectionery market value forecast: $ million, 2024-29
Figure 7: South Korea confectionery market volume forecast: million kilograms, 2024-29
Figure 8: Forces driving competition in the confectionery market in South Korea, 2024
Figure 9: Drivers of buyer power in the confectionery market in South Korea, 2024
Figure 10: Drivers of supplier power in the confectionery market in South Korea, 2024
Figure 11: Factors influencing the likelihood of new entrants in the confectionery market in South Korea, 2024
Figure 12: Factors influencing the threat of substitutes in the confectionery market in South Korea, 2024
Figure 13: Drivers of degree of rivalry in the confectionery market in South Korea, 2024
Figure 14: South Korea confectionery market share: % share, by value, 2024

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