Ice cream is made from dairy products or dairy alternatives and is flavored with a sweetener, either sugar or an alternative, and a spice, such as cocoa or vanilla, or with fruit such as strawberries or peaches. The ice cream market in South Korea comprises the take-home, impulse, and frozen yoghurt. Impulse ice creams are sold in individual packages or without packaging, purchased mostly under the influence of emotion and desire. Take-home ice creams are multi-serving ice cream tubs, ice cream cakes, and sorbet tubs sold for take-home and bulk consumption. Gen Consulting Company predicts the ice cream market in South Korea will grow from USD 1,506 million in 2021 to USD 1,683 million by 2028, achieving a compound annual growth rate (CAGR) of 1.6 percent.
This industry report offers market estimates of the South Korea market, followed by a detailed analysis of the product, and distribution channel. The South Korea market data on ice cream can be segmented by product: impulse ice cream, take-home ice cream, frozen yoghurt, others. In South Korea, the take-home ice cream segment made up the largest share of the ice cream market. Ice cream market is further segmented by distribution channel: convenience stores, supermarkets and hypermarkets, online retail, others.
The impulse ice cream market is further segmented into single portion dairy ice cream, single portion water ice cream. Furthermore, the take-home ice cream market has been categorized into take-home dairy ice cream, take-home water ice cream.
The prominent players operating in the South Korea ice cream market include Binggrae Co. Ltd., General Mills Inc., Lotte Corporation, Unilever plc.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.
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– Get a detailed picture of the South Korea Ice Cream Market
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 2.2% |
| Pages | 20 |
| Key Players | Binggrae Co. Ltd., General Mills Inc., Nestle S.A., Thai Beverage Public Company Limited (ThaiBev), Unilever plc |
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