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Report

South Korea Ice-Cream Market Report and Forecast 2024-2032

Market Report I 2023-11-20 I 150 Pages I EMR Inc.

South Korea Ice-Cream Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the South Korea ice-cream market grew substantially in 2023. Aided by the dynamic shifts in consumer preferences and innovative product introductions by manufacturers, the market is expected to grow significantly by 2032.
Ice cream in South Korea is not merely a dessert; it's an experience. A myriad of flavours, ranging from the traditional vanilla and chocolate to the exotic bingsu-inspired or kimchi-flavoured, provides a sensory adventure to the consumer. With an evolving market, the form of ice cream has also transitioned beyond conventional tubs or cones, delving into novel presentations like ice-cream sandwiches, popsicles, and even mochi ice creams.
One of the predominant factors accentuating the South Korea ice-cream market growth is the consumer's adventurous palate. The continuous appetite for new and unique flavours, coupled with seasonal specials, has spurred manufacturers to invest in R&D, bringing forth products that are not only delightful but also resonating with local tastes and global trends.
Additionally, South Korea's escalating interest in health and wellness has paved the way for a new segment within the ice-cream market. Low-fat, reduced sugar, and dairy-free ice creams are becoming increasingly popular. These health-centric variants address a niche yet growing audience who are calorie-conscious but do not wish to compromise on their occasional indulgence.
Furthermore, the influence of global culinary trends and the fusion of international flavours have significantly enriched the South Korean ice-cream landscape. Flavors inspired by global delicacies, such as matcha, tiramisu, or salted caramel, have found their loyalists in South Korea.
Beyond just the product, the distribution channels play a pivotal role in increasing South Korea ice-cream market size. The omnipresence of convenience stores, specialty ice-cream boutiques, and the burgeoning e-commerce sector ensure that ice cream is within easy reach of consumers, anytime and anywhere. The convenience of ordering a favourite flavour online and having it delivered at home has amplified sales, especially among the tech-savvy youth.
The South Korean entertainment industry, renowned for its K-pop and K-dramas, has seamlessly integrated with the ice-cream market. Collaborative ventures between brands and celebrities, limited edition releases, and thematic promotions also positively influence the South Korea ice-cream market demand.
Market Segmentation
The market can be divided based on flavour, product type, end use, and distribution channels.
Market Breakup by Flavour
- Chocolate
- Vanilla
- Fruit
- Others
Market Breakup by Product Type
- Bar
- Cone
- Cup
- Premium
- Brick
- Others
Market Breakup by End Use
- Retail
- Food Service
Market Breakup by Distribution Channels
- Hypermarkets and Supermarkets
- Convenience Stores
- Ice-Cream Parlors
- Online
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the South Korea ice-cream market. Some of the major players explored in the report by Expert Market Research are as follows:
- Binggrae Co., Ltd
- Lotte Confectionery Co., Ltd.
- Haitai Confectionery and Foods Co., Ltd.
- Unilever plc
- BR IP Holder LLC
- Others
About Us
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 South Korea Ice Cream Market Analysis
8.1 Key Industry Highlights
8.2 South Korea Ice-Cream Historical Market (2018-2023)
8.3 South Korea Ice-Cream Market Forecast (2024-2032)
8.4 South Korea Ice-Cream Market by Flavor
8.4.1 Chocolate
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Vanilla
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Fruit
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 South Korea Ice-Cream Market by Product Type
8.5.1 Bar
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Cone
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Cup
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Premium
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Brick
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 South Korea Ice-Cream Market by End Use
8.6.1 Retail
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Food Service
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 South Korea Ice-Cream Market by Distribution Channels
8.7.1 Hypermarkets and Supermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Convenience Stores
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Ice-Cream Parlors
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Online
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter's Five Forces Analysis
9.2.1 Supplier's Power
9.2.2 Buyer's Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Trade Data Analysis (2105)
11.1 Major Exporting Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Importing Countries
11.2.1 By Value
11.2.2 By Volume
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Binggrae Co., Ltd
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.2 Lotte Confectionery Co., Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Haitai Confectionery and Foods Co., Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Unilever plc
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 BR IP Holder LLC
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. South Korea Ice-Cream Market: Key Industry Highlights, 2017 and 2021
2. South Korea Ice-Cream Historical Market: Breakup by Flavor (USD Million), 2018-2023
3. South Korea Ice-Cream Market Forecast: Breakup by Flavor (USD Million), 2024-2032
4. South Korea Ice-Cream Historical Market: Breakup by Product Type (USD Million), 2018-2023
5. South Korea Ice-Cream Market Forecast: Breakup by Product Type (USD Million), 2024-2032
6. South Korea Ice-Cream Historical Market: Breakup by End Use (USD Million), 2018-2023
7. South Korea Ice-Cream Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. South Korea Ice-Cream Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
9. South Korea Ice-Cream Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
10. Major Importing Countries by Volume
11. Major Exporting Countries by Volume
12. Major Importing Countries by Value
13. Major Exporting Countries by Value
14. South Korea Ice-Cream Market Structure

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