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Ice Cream in South Korea

Publisher MarketLine
Published Aug 14, 2025
Length 41 Pages
SKU # MTLN20472858

Description

Ice Cream in South Korea

Summary

Ice Cream 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
  • Ice cream market includes retail sales of impulse ice cream - single serve, artisanal ice cream, and take-home and bulk ice cream. Impulse ice cream - single serve segment covers individually packaged products such as ice cream bars, cones, cups, and sticks intended for immediate consumption. Artisanal ice cream segment includes high-quality, small-batch ice cream crafted using traditional techniques, often incorporating premium or locally sourced ingredients. Take-home and bulk ice cream segment covers larger packaging formats such as tubs, pints, and multi-pack products.
  • The South Korean ice cream market recorded revenues of $1,081.9 million in 2024, representing a compound annual growth rate (CAGR) of 1.4% between 2019-24.
  • Market consumption volume increased with a CAGR of 1.3% between 2019-24, reaching a total of 157.1 million kilograms in 2024.
  • South Korea’s ice cream market exhibited sluggish growth primarily due to demographic shifts, particularly the rapidly aging and contracting population, which eroded the core consumer base.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the ice cream market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the ice cream market in South Korea
  • Leading company profiles reveal details of key ice cream market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea ice cream market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea ice cream market by value in 2024?
  • What will be the size of the South Korea ice cream market in 2029?
  • What factors are affecting the strength of competition in the South Korea ice cream market?
  • How has the market performed over the last five years?
  • How large is South Korea’s ice cream market in relation to its regional counterparts?

Table of Contents

41 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 ice cream market?
7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2019-24)?
7.4. Which companies market shares have suffered in the last 5 years (2019-24)?
7.5. What are the most popular brands in the South Korean ice cream market?
8 Company Profiles
8.1. Binggrae Co Ltd
8.2. General Mills Inc
8.3. Lotte Co Ltd
8.4. Unilever Plc
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 ice cream market value: $ million, 2019-24
Table 2: South Korea ice cream market volume: million kilograms, 2019-24
Table 3: South Korea ice cream market category segmentation: % share, by value, 2019-24
Table 4: South Korea ice cream market category segmentation: $ million, 2019-24
Table 5: South Korea ice cream market geography segmentation: $ million, 2024
Table 6: South Korea ice cream market distribution: % share, by value, 2024
Table 7: South Korea ice cream market value forecast: $ million, 2024-29
Table 8: South Korea ice cream market volume forecast: million kilograms, 2024-29
Table 9: South Korea ice cream market share: % share, by value, 2024
Table 10: Binggrae Co Ltd: Key Facts
Table 11: Binggrae Co Ltd: Annual Financial Ratios
Table 12: Binggrae Co Ltd: Key Employees
Table 13: General Mills Inc: Key Facts
Table 14: General Mills Inc: Annual Financial Ratios
Table 15: General Mills Inc: Key Employees
Table 16: Lotte Co Ltd: Key Facts
Table 17: Lotte Co Ltd: Key Employees
Table 18: Unilever Plc: Key Facts
Table 19: Unilever Plc: Annual Financial Ratios
Table 20: Unilever Plc: Key Employees
Table 21: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea ice cream market value: $ million, 2019-24
Figure 2: South Korea ice cream market volume: million kilograms, 2019-24
Figure 3: South Korea ice cream market category segmentation: $ million, 2019-24
Figure 4: South Korea ice cream market geography segmentation: % share, by value, 2024
Figure 5: South Korea ice cream market distribution: % share, by value, 2024
Figure 6: South Korea ice cream market value forecast: $ million, 2024-29
Figure 7: South Korea ice cream market volume forecast: million kilograms, 2024-29
Figure 8: Forces driving competition in the ice cream market in South Korea, 2024
Figure 9: Drivers of buyer power in the ice cream market in South Korea, 2024
Figure 10: Drivers of supplier power in the ice cream market in South Korea, 2024
Figure 11: Factors influencing the likelihood of new entrants in the ice cream market in South Korea, 2024
Figure 12: Factors influencing the threat of substitutes in the ice cream market in South Korea, 2024
Figure 13: Drivers of degree of rivalry in the ice cream market in South Korea, 2024
Figure 14: South Korea ice cream market share: % share, by value, 2024

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