Although chocolate confectionery in South Korea is expected to maintain retail current value growth in the forecast period, retail volume sales are projected to continue to see a slow and steady decline. The falling birth rate in South Korea is expected to significantly impact sales of chocolate confectionery during the forecast period.
Chocolate confectionery faces significant long-term challenges, due to the adverse effects of climate change, and shifting consumer trends. Climate change has led to rising cocoa prices, placing substantial pressure on manufacturers.
Digital transformation and the growth of e-commerce are expected to play a significant role in shaping the future of chocolate confectionery in South Korea. A large proportion of purchases still take place offline, particularly impulse buys, and convenience stores and chained supermarkets remain preferred channels for consumers.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Chocolate Confectionery
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See All of Our DefinitionsThis report originates from Passport, our Chocolate Confectionery research and analysis database.
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