The South Korea Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

In 2022, the food market size in South Korea amounted to around 209.23 trillion South Korean won, increased from about 188.83 trillion in the previous year. Overall, the size of the food market increased throughout the years.

 Korean food exports worldwide  As Korean culture spills over to other countries via TV shows, music, and more, Korean cuisine also gained popularity, particularly in Asia. In line with the popularity of Korean food worldwide, the value of food exported from South Korea has drastically increased in recent years, which expanded the Korean food market size to global scale. Products that are easy to distribute and access are leading in exports, such as instant noodles, kimchi, and seasoned seaweed.

 Online grocery and food service trends in South Korea   As technology advances, online services are also becoming a huge trend in the grocery and food industry. Its popularity is seen in the growth of the online grocery market as well as increased transaction value of food and beverages in online sales, which both have significantly increased over the last five years. Quick and convenient delivery systems are chosen as the main advantages of online grocery shopping.

The market for health functional foods in South Korea amounted to approximately 5.16 trillion South Korean won in 2023. It has grown significantly over the years, more than doubling the value from around 2.23 trillion won in 2015. Health functional foods refers to specific products made by compacting elements that are beneficial to the human body into easily consumable packages. They are consumed for their promoted health benefits, such as improving eyesight, countering natural aging, and strengthening the immune system. Popularity of health functional foods Korean red ginseng products were the most popular type of health functional foods, accounting for around one third of all sales. Probiotics were also rather popular. Health functional foods have been popular among older Koreans because of the supposed health benefits, with over the majority of Koreans in their 50s and 60s saying they purchased such products in a consumer behavior survey. Certain products are especially attractive to older Koreans, such as plant extracts to maintain one’s eyesight and counter the effects of aging. During the coronavirus pandemic, it is not just older people but Koreans of all ages who are increasingly seeking out health functional foods to bolster their health. The diversity, reasonable pricing, and improved accessibility are also behind the sales growth of these products. Market for health functional foods The total sales value of the Korean market for health functional foods amounted to over four trillion won in 2022. Just as with the market size, the sales value has increased continuously over the past five years. Domestic production of health functional foods also increased rapidly during the last few years. Of this, the majority of products were sold to Korean consumers, while only a small portion were exported. The increase in sales and market size in 2020 is most likely due to the coronavirus and consumers trying to boost their health as best as they can.

The size of the Food Service in Korean Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.60% during the forecast period. The South Korean Food Service industry includes the cooking, promoting, and transporting of food and drinks in different business settings like diners, coffee shops, fast food franchises, and catering companies. This sector is crucial for offering a variety of convenient dining choices to customers. Key segments consist of full-service restaurants, dominating the market share, and cloud kitchens, experiencing rapid growth due to the rise of online food delivery services. Major players such as Starbucks Corporation and smaller local chains control the market with wide-reaching networks and a variety of options. Even though there are obstacles like regulatory issues and intense competition, the market's optimistic future is driven by continuous innovations and changing consumer preferences, underscoring the vital importance of the food service sector in South Korea's economy. Recent developments include: April 2023: Shinsegae Food introduced a 100% plant-based burger called Better Burger. Instead of using animal products like milk and eggs, the burger uses substitute meat, cheese, and buns created from plant-based proteins like soybeans and cashew nuts.March 2023: Yum! Brands Inc. teamed up with a Korean private equity fund to acquire KFC Korea Co.February 2023: McDonald's Korea collaborated with NewJeans and introduced a special crispy chicken sandwich meal.. Key drivers for this market are: Growing Demand for Cocoa Butter Equivalents Among Food Manufacturers, Rising Application in Food Industry. Potential restraints include: Health Concerns Pertaining to the Excessive Consumption of Fats and Oils. Notable trends are: High demand for traditional cuisines and increased spending on dining increase the sales.

South Korea convenience food market size is projected to exhibit a growth rate (CAGR) of 5.50% during 2024-2032. The regional trend towards urbanization, which has led to a rise in the number of people living in urban areas where time constraints and limited cooking facilities enhance the need for convenient food options, is driving the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	5.50%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on type, product, and distribution channel.

The South Korea Organic and Natural Pet Food Market Report is Segmented by Pet Type (Dogs, Cats, and Other Pet Types), Product Type (Dry Pet Foods, Wet Pet Foods, Veterinary Diets, Treats and Snacks, and Other Product Types), and Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online Channels, and Other Distribution Channels). The Report Offers Market Size and Forecasts in Terms of Value (USD) and Volume (Metric Tons) for all the Above Segments.

In 2023, fruit wine was the processed food product with the lowest score on the consumer price index in South Korea at 99.32 points. Cooking oil scored the highest at 163.4 points. The vast majority of processed foods had seen CPI increases compared to 2020.

The market size of the South Korean online grocery and food services amounted to roughly 67 trillion South Korean won. Food and beverages were among the most bought products among in online shopping.

In 2020, the market size of convenience foods which included fish products in South Korea amounted to roughly 34 billion South Korean won. Since 2016, the South Korean market for fish convenience foods has more than doubled in size.

In 2017, McDonald's was the leading foodservice company in South Korea, with a market share of around 1.2 percent based on value sales. In 2018, the overall foodservice sales value in South Korea amounted to around 87.8 billion U.S. dollars. A survey in April 2019 found that more than 36 percent of respondents stated that they were eating out once every two to three days.

Independent vs Chain restaurants

South Korea’s foodservice sector has a large share of smaller, often family owned businesses. While chain franchise restaurants are expected to grow faster than independent restaurants, the sales value of independent restaurants accounted for around two thirds of the total restaurant sales value in 2018. Nevertheless, customers tend to spend more per transaction at chain restaurants than at independent restaurants.

McDonald’s in South Korea

American chain franchise McDonald’s opened their first shop in South Korea in 1988, opening their 100th store only seven years later. Nowadays, more than 400 stores are operating throughout the country. Their delivery service, McDelivery, launched in 2007. The McDelivery app is one of the most downloaded and used food delivery apps in South Korea. One of McDonald’s biggest fast-food focused competitors is South Korean-based franchise Lotteria. The chain first started in Japan in 1972 and started operating in South Korea in 1979. While McDonald’s is dominant on the global market, Lotteria has been able to grow in Asian countries, such as Vietnam, Indonesia, and Cambodia.

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Kimchi Market Size 2025-2029

The kimchi market size is forecast to increase by USD 1.24 billion, at a CAGR of 5.1% between 2024 and 2029.

The market is experiencing significant growth due to the increasing popularity of Korean cuisine in the US and North America. Consumers are drawn to the health benefits of ginger and garlic, key spices in kimchi, which provide antioxidants and dietary fiber. Packaging innovation and e-commerce platforms are driving the market's expansion, making it more convenient for consumers to access these traditional dishes. Kimchi's versatility extends beyond traditional Korean cuisine, with applications in various food categories, including rice cakes and seafood. The market's trends include product launches, expansion of retail channels, and data analytics to improve consumer insights. However, challenges persist, such as product recalls due to contamination concerns and maintaining the authenticity and freshness of kimchi. The market's future growth will depend on addressing these challenges and catering to the evolving preferences of consumers seeking healthy, convenient, and culturally diverse food options.

What will be the Size of the Kimchi Market During the Forecast Period?

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The market encompasses the production, distribution, and consumption of this traditional Korean side dish, renowned for its spicy, tangy, and complex flavors. Kimchi, a staple in the Korean pantry, has gained significant traction in global food trends due to its cultural exchange with various culinary influencers and food bloggers. With a diverse range of varieties, including vegan and sustainable options, kimchi caters to various dietary preferences and food enthusiasts. The market's size is substantial, driven by the growing popularity of Asian food and healthy eating. Kimchi's unique fermentation process, which enhances its probiotic properties, further bolsters its appeal as a nutritious and flavorful food option.
Consumers are increasingly drawn to the authentic Korean experience offered by kimchi, with its rich history and diverse flavors inspiring food photography, food styling, and culinary innovation. Kimchi's versatility extends beyond the Korean table, making it a sought-after ingredient in various international cuisines. The market's direction is positive, with online channels and subscription services making kimchi more accessible to consumers worldwide. Kimchi's health benefits, including its role in gut health and its contribution to a balanced diet, continue to fuel its popularity as a probiotic food and a healthy fermented option.

How is this Kimchi Industry segmented and which is the largest segment?

The kimchi industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Conventional kimchi
  Organic kimchi


Type

  Baechu
  Kkakdugi
  Chonggak


End-user

  Households or retail
  Food service


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa



  South America

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. Kimchi, a traditional Korean fermented vegetable dish, is renowned for its unique taste profile and crunchy texture. The market for kimchi encompasses various types, including napa cabbage kimchi and kkakdugi kimchi, which showcase the versatility of this probiotic food. Kimchi's refreshing flavor and probiotic properties have led to its rising popularity, making it a healthy option for everyday meals and fusion dishes. Offline distribution channels, such as supermarkets, hypermarkets, convenience stores, and specialty stores, dominate the market due to the perishable nature of the product and consumers' preference for inspecting the product before purchasing. Authenticity and quality are crucial factors for many consumers, particularly those with a cultural connection to Korea.

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The offline segment was valued at USD 3.27 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 81% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC region holds a substantial market for kimchi, rooted in its cultural connection to Korea and escalating popul

Global Asian Food Market size is set to expand from $ 156.33 Billion in 2023 to $ 281.1 Billion by 2032, with an anticipated CAGR of 7.61% from 2024 to 2032.

The number one leading food and beverage company in South Korea in 2022 was CJ CheilJedang Corporation, with a sales revenue of approximately 3.7 trillion South Korean won. CJ CheilJedang took the first place on the still growing South Korean food market while most competitors, such as Lotte Chilsung Beverage Co., Ltd., experienced a decline in sales revenue.

Company history

CJ CheilJedang was originally founded in August 1953 as “Cheil Jedang” as part of the South Korean conglomerate Samsung Group. It gained independence in the nineties and is now part of CJ Corporation. As CJ CheilJedang’s sales revenue keeps rising the company is expanding and the number of employees is increasing as well, amounting to over 16,600 employees in 2022. CJ CheilJedang is known for manufacturing some of South Koreas most famous food brands, like Bibigo and Beksul. Notable is also the company’s interest in the foreign market, as they opened Bibigo restaurants overseas and in 2018, acquired American food manufacturing company Kahiki Foods.

Food sector as core business

The CJ CheilJedang’s core businesses are food and related services, bio pharma, entertainment and media, and retail and logistics. Aside from the sales revenue of the food business division, which almost doubled over the past five years, some of the other businesses experienced even higher sales revenues in 2022. The retail and logistics, bio, and food sector were those with the highest operating profit among CJ CheilJedang’s businesses.

According to Cognitive Market Research, the global Gochujang market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.60% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
The Bagged Gochujang held the highest Gochujang market revenue share in 2024.

Market Dynamics of Gochujang Market

Key Drivers of Gochujang Market

Rise of Korean Cuisine to Increase the Demand Globally

Korean food has had a stratospheric rise in popularity worldwide in recent years. Famous foods like kimchi, bulgogi, and bibimbap have crossed cultural barriers to become favorites in the general public, enticing palates with their colorful textures and strong flavors. Gochujang, a fermented chile paste renowned for its deep and nuanced flavor that gives a variety of foods depth, is essential to this culinary revolution. The capacity of Korean food to produce a harmonious blend of spicy, savory, and umami tastes makes it stand out among other culinary treasures that are welcomed throughout countries, especially as customers seek for more diversified and adventurous flavors.

Adventurous Eaters and Spicy Food Trend to Propel Market Growth

Spicy food has become increasingly popular as people who are daring with their food still like to consume things that are fiery and bold. This craving is well-satisfied by gochujang, which has a complex combination of umami, spice, and sweetness. This adaptable Korean condiment has crossed cultural barriers and been incorporated into many different cuisines all around the world. Its rich flavor appeals to individuals who want a thrilling gastronomic experience by giving meals more depth and intensity. Gochujang's robust and dynamic qualities make it a go-to ingredient for home cooks and chefs alike in marinades, sauces, dressings, and dips. This adds to the ongoing infatuation with spicy and experimental flavors in the worldwide gastronomic scene.

Restraint Factors Of Gochujang Market

Spice Tolerance and Cultural Preferences to Limit the Sales

It's true that not all consumers have a high heat tolerance, even if spicy cuisine is becoming more and more popular. Gochujang's high spice may be a deterrent to some people's acceptance of it. Furthermore, some cultural tastes may not be compatible with the strong, intense flavors of Gochujang. In these situations, milder Korean food substitutes or adaptations could be more palatable. But as palates continue to change and culinary lines become less distinct, there is still room for the progressive acceptance and blending of different flavors—like the one Gochujang represents—into different cultural contexts, satisfying a wide range of palates and spice tolerances.

Impact of Covid-19 on the Gochujang Market

The COVID-19 pandemic presented opportunities as well as obstacles for the Gochujang market. Production and distribution were initially impacted by logistical limitations and disruptions in the worldwide supply chain. Sales trends were impacted by changes in eating habits and fluctuating customer demand, which included eating at home more often and eating out less. But during lockdowns, people's desire for gochujang and other adaptable condiments increased as they looked for comfort food and new culinary experiences. Online sales and recipe searches for Gochujang have also increased, indicating a growing interest in cooking and tasting new flavors at home. Even though the pandemic presented challenges, it also brought to light Gochujang's versatility and durability, solidifying its pla...

The demand for non-dairy creamer is expected to reach US$ 181.7 million in 2023 in Korea, up from US$ 169.9 million in 2022. The consumption of non-dairy creamer is expected to progress at a healthy pace over the period from 2023 to 2033, with a CAGR of 8.1%. By 2033, the sales of non-dairy creamer are expected to surpass US$ 396.93 million in Korea.

Attributes	Details
Industry Size for Korea in 2023	US$ 181.7 million
Expected Industry Size for Korea in 2033	US$ 396.93 million
Forecasted CAGR between 2023 to 2033	8.1%

Category-wise Insights

Demand for Non-dairy Creamer in Korea Based on Form	Powder
Industry Share in 2023	58.0%

Demand for Non-dairy Creamer in Korea Based on Base	Vegetable Oil
Industry Share in 2023	55.9%

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	US$ 181.7 million
Projected Industry Size by 2033	US$ 396.93 million
Anticipated CAGR between 2023 to 2033	8.1% CAGR
Historical Analysis of Demand for Non-dairy Creamer in Korea	2018 to 2022
Demand Forecast for Non-dairy Creamer in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Key Insights for Non-dairy Creamer in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Companies Profiled	Hee Chang Dairy And Food Industries Express 21 Korea Inc. J Consol Line Co., Ltd. Kyungseo F&B Co., Ltd. Euro Line Co., Ltd. Dongsuh Foods Alpha Foods Samyang Foods Nestlé S.A. Friesland Campina Kievit BV
Key Provinces Profiled	South Gyeongsang North Jeolla South Jeolla Jeju

Adoption of pea protein in South Korea is to exhibit a compound annual growth rate of 12.1% through 2033. The pea protein industry in South Korea is poised to witness significant opportunities with a US$ 87.0 million valuation in 2023.

Attributes	Details
Industry Size	US$ 87.0 million
Expected Industry Size in 2033	US$ 271.0 million
Forecasted CAGR from 2023 to 2033	12.1%

Category-wise insights

Pea Protein in South Korea based on Product Type	Protein Isolates
Share in % in 2033	45.1%

Pea Protein in South Korea based on Processing	Dry Processing
Share in % in 2033	67.7%

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	US$ 87.0 million
Projected Industry Size in 2033	US$ 271.0 million
Anticipated CAGR from 2023 to 2033	12.1% CAGR
Historical Analysis of Demand for Pea Protein in South Korea	2018 to 2022
Demand Forecast for Pea Protein in South Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Analysis of key factors influencing Pea Protein adoption in South Korea, Insights on Global Players and their Industry Strategy in South Korea, Ecosystem Analysis of South Korean Manufacturers
Key Provinces Analyzed while Studying Opportunities in Pea Protein in South Korea	South Gyeongsang North Jeolla South Jeolla Jeju
Key Companies Profiled	CJ CheilJedang LG Chem KGC Ginseng Corporation Lotte Corporation Samsung SDS Daesang Corporation Ingredion Roquette Emsland Group Nutri-Pea Shandong Jianyuan Foods Shandong Huatai Food

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2023
FORECAST PERIOD	2024-2030
HISTORICAL PERIOD	2017-2022
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Maruchan (Toyo Suisan), Nissin Foods, Mandarin Noodle, Sun Noodle, Yau Kee Noodles Factory, Sakura Noodle, Nona Lim, Pressery, JFC International, American Roland Food Corp., Eskal, Nan Shing Hsinchu, Cali Food, Nature Soy, Ying Yong Food Products, Leong Guan Food Manufacturer, Foodle Noodle, Lieng Tong, L&W Food Corp., Thai Preserved Food Factory
SEGMENTS COVERED	By Product Type - Wide Strip Noodles, Narrow Strip Noodles, Waves Strip Noodles, Others By Application - Household/Retail, Food Service, Food Processing By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

Sales of yogurt powder in Korea are poised to surge at an 8.0% CAGR through 2033. The overall demand for yogurt powder in Korea is set to rise significantly, reaching a valuation of US$ 12.5 million in 2023. By 2033, sales projections for yogurt powder in Korea indicate an expected valuation of US$ 24.3 million.

Attributes	Details
Industry Size in Korea in 2023	US$ 12.5 million
Expected Industry Size of Korea by 2033	US$ 24.3 million
Forecasted CAGR between 2023 to 2033	8.0%

Category-wise insights

Leading Product Type for Yogurt Powder in Korea	Skimmed Yogurt Powder
Total Value Share (2023)	57.2%

Leading Flavor for Yogurt Powder in Korea	Regular
Total Value Share (2023)	75.7%

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	US$ 12.5 million
Projected Industry Size by 2033	US$ 24.3 million
Anticipated CAGR between 2023 to 2033	8.0% CAGR
Historical Analysis of Demand for Yogurt Powder in Korea	2018 to 2022
Demand Forecast for Yogurt Powder in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Analysis of key factors influencing Yogurt Powder Adoption in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korean Manufacturers
Key Cities Analyzed While Studying Opportunities in Yogurt Powder in Korea	South Gyeongsang, North Jeolla, South Jeolla, Jeju
Key Companies Profiled	Binggrae Co., Ltd. Namyang Dairy Products Co., Ltd. Maeil Dairies Co., Ltd. Seoul Dairy Cooperative Lotte Confectionery Co., Ltd. Ottogi Corporation Yonsei Milk Pulmuone Co., Ltd. Dongwon F&B Co., Ltd. Haitai Confectionery & Foods Co., Ltd.

Savory Baked Goods (Savory & Deli Foods) Market in South Korea – Outlook to 2022: Market Size, Growth and Forecast Analytics is a broad level market review of Savory Baked Goods market in South Korea. The research handbook provides up-to-date market size data for period 2012-2017 and illustrative forecast to 2022 covering key market aspects like Sales Value and Volume for Savory Baked Goods and its variants Croque Monsieur, Flans (Savory Baked Goods), Quiches, Tourte, Other (Savory Baked Goods) & Frozen Savory Baked Goods. Read More

In 2023, the total production value of food industry in South Korea accounted for around 3.13 percent of the country's GDP, slightly down from 3.15 percent in the previous year. During the period of consideration, the industry's share in GDP stayed between 2.73 and 3.51 percent.