Competitive Landscape
Lotte Wellfood Trims Portfolio as Repeat Purchase Fuels Lead
Ice cream in 2026 remains highly concentrated, with Lotte Wellfood Co Ltd holding a 45% share and Binggrae Co Ltd following at 28%. Haitai Confectionery & Foods Co Ltd takes third place distantly with a 13% share, while all other competitors hold less than 6% individually, reflecting limited competitive disruption and minimal dilution of leadership.
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Overview:
Understand the latest market trends and future growth opportunities for the Ice Cream 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 Ice Cream 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.
The Ice Cream in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Ice Cream in South Korea?
- Which are the leading brands in Ice Cream in South Korea?
- How are products distributed in Ice Cream in South Korea?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Ice Cream?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in South Korea?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Ice Cream in South Korea - Category analysis
Key Data Insights
Ice Cream Summary
Ice Cream Market Records Subdued Growth as Affordability Displaces Premiumisation
Impulse Ice Cream Leads Sales as Plant-Based Ice Cream Show Fastest Growth
Repeat Purchases to Sustain Volumes as Impulse Ice Cream Leads Growth
Health Consciousness and Experience-Led Marketing to Sustain Growth
Retailer Influence to Grow as Convenience Chains Leverage Private Label Products
Lotte Wellfood Trims Portfolio as Repeat Purchase Fuels Lead
Convenience Stores Drive Repeat Purchases with Broad Coverage and Promotions
Offline Channels Reinforce Value as Retail E-Commerce Remains Niche
Experience-Led Consumption Sustains Foodservice as Retail Focuses on Value
Cu and Häagen-Dazs Reposition Value to Boost Repeat Purchases
Merong Bar and Sns Launches Turn Novelty into Short-Term Buzz
Snacks in South Korea - Industry Overview
2026 Developments
Key Data Insights
Snacks Demonstrate Strength as Value-Led Positioning Offsets Constrained Consumer Spending
Savoury Snacks and Chocolate Confectionery Lead as Affordability Redefines Purchasing Decisions
Snack Stapling Redefines Consumption as Meal-Equivalent Formats Gain Ground in South Korea
Convenience Stores to Reshape Snacking as Value and Function Drive Choices
Social Media Set to Amplify Texture and Novelty, Boosting Experiential Snacking
Functional Snacks Expected to Diversify as Adult Wellness Needs Shape Innovation
Top Companies Leverage Brand Strength to Reinforce Leadership
Cj Cheiljedang Drives Innovation with Ingredient-Led Launches
Convenience Stores Target Office Workers with Meal Solutions
Olive Young Differentiates with Protein and Wellness Proposition
Meal Replacements and Price Control Shape Offline and Online Demand
Ingredient Transparency and Health-Oriented Formats Open New Innovation Space
Recent Product Launches Target Meal Replacement and Value Occasions with Precision
Retailer-Led Innovation Reshapes Competitive Dynamics and Snacks Structure
Country Reports Disclaimer
The following categories and subcategories are included:
Ice Cream
- Frozen Yoghurt
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- Single Portion Dairy Ice Cream
- Single Portion Water Ice Cream
- Plant-based Ice Cream
- Unpackaged Ice Cream
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- Bulk Dairy Ice Cream
- Ice Cream Desserts
- Multi-Pack Dairy Ice Cream
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- Bulk Water Ice Cream
- Multi-Pack Water Ice Cream
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Ice Cream
Ice cream is the aggregation of frozen yoghurt, impulse ice cream, plant-based ice cream, unpackaged ice cream and take-home ice cream. Frozen desserts is included in Passport’s Staple Foods research. Please note that soft serve ice cream from ice cream dispensing machines sold at foodservice outlets (e.g. fast food or ice cream parlours) is entirely excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Ice Cream research and analysis database.
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