South Korea Chocolate Market Size, Share, Growth | Outlook 2025-2033
vishal imarc
South Korea Chocolate Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 3.2 Billion
Market Forecast in 2033: USD 4.1 Billion
Market Growth Rate: 2.86% (2025-2033)
South Korea's chocolate industry is thriving, driven by innovative flavors and rising consumer indulgence. The market is poised for vibrant growth, fueled by premium trends and cultural appeal. According to the latest report by IMARC Group, The south korea chocolate market size reached USD 3.2 billion in 2024. Looking ahead, IMARC Group projects that the market will reach USD 4.1 billion by 2033, growing at a compound annual growth rate (CAGR) of 2.86% from 2025 to 2033.
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South Korea Chocolate Industry Trends and Drivers:
The South Korea chocolate market is currently thriving as consumer interest in premium and unique traditions for chocolate are on the rise. In 2022, the South Korea chocolate market size was over $1 Billion and continues to grow, fuelled by a strong food culture, and higher levels of disposable income. Leading brands in South Korea, such as Lotte Confectionery and Orion, provide unique chocolate offerings such as green tea chocolates and red bean chocolates that resonate well with millennial and Gen Z kids who are eager to try new products. In addition, convenience stores (CU, GS25), and e-commerce platforms (Coupang), continuously increasing access to chocolate brands in South Korea as many stores and websites have many branches available. The chocolate sector is also boosted by Hallyu and the role of several social platforms like Instagram creating viral chocolate trends for consumers to experience.
Furthermore, a growing awareness of health among consumers is increasingly driving demand for dark chocolate, sugar free, organic chocolate, and even snacks. All of these channels expand the product supply chain in South Korea. But really, everything is working so well in South Korea because of their modern retail environment, vast wholesale distribution channels to facilitate efficiency, sustainability and reliability across the entire supply chain, and even the larger gifting traditions for chocolate (e.g. Valentine's Day and White Day) drive pattern complexity in higher expenditure during those times. In this intense chocolate market, local and global chocolate companies (Mars Company) offer better competition with better pricing and collaboration with lower pricing. Export markets in Asia are growing and allow for more revenue streams. In summary, there is still significant room to grow in the South Korea chocolate market, there are trends embedded in cultural, innovation, accessibility and distribution systems growing total capacity for retention.
South Korea Chocolate Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest south korea chocolate 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:
Type Insights:
- Milk/White Chocolate
- dark chocolate
Product Type Insights:
- Softline/Selfline
- Box type assortment
- count line
- seasonal chocolate
- Molded Chocolate
Distribution Channel Insights:
- Supermarkets and hypermarkets
- Specialty Retailer
- Convenience store/grocery store
- Online retail store
Country 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 chocolate 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
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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