Consumer Foodservice in South Korea

Despite optimistic expectations of rapid recovery in consumer consumption following the COVID-19 pandemic, transaction growth in overall consumer foodservice in South Korea experienced a slowdown in 2023, exacerbated by prolonged inflation.

The Consumer Foodservice in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides foodservice sales, the number of outlets and the number of transactions by sector, allowing you to identify the foodservice sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they eating habits, lifestyle changes, tourism spending or legislative issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Consumer Foodservice by Fulfillment, Consumer Foodservice by Location, Consumer Foodservice by Ordering Platform, Consumer Foodservice by Type.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Consumer Foodservice market;
Pinpoint growth sectors and identify factors driving change;
Understand the competitive environment, the market’s major players and leading brands;
Use five-year forecasts to assess how the market is predicted to develop.

CONSUMER FOODSERVICE IN SOUTH KOREA

EXECUTIVE SUMMARY

Consumer foodservice in 2023: The big picture
2023 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?

MARKET DATA

Table 1 Units, Transactions and Value Sales in Consumer Foodservice 2018-2023
Table 2 Units, Transactions and Value Sales in Consumer Foodservice: % Growth 2018-2023
Table 3 Consumer Foodservice by Independent vs Chained by Type: Units/Outlets 2023
Table 4 Consumer Foodservice by Independent vs Chained: % Foodservice Value 2018-2023
Table 5 Sales in Consumer Foodservice by Food vs Drink Split: % Foodservice Value 2018-2023
Table 6 Sales in Consumer Foodservice by Food vs Drink Split by Type: % Foodservice Value 2023
Table 7 Sales in Consumer Foodservice by Location: % Foodservice Value 2018-2023
Table 8 GBO Company Shares in Chained Consumer Foodservice: % Foodservice Value 2019-2023
Table 9 GBN Brand Shares in Chained Consumer Foodservice: % Foodservice Value 2020-2023
Table 10 GBN Brand Shares in Chained Consumer Foodservice: Units/Outlets 2023
Table 11 Forecast Units, Transactions and Value Sales in Consumer Foodservice 2023-2028
Table 12 Forecast Units, Transactions and Value Sales in Consumer Foodservice: % Growth 2023-2028

DISCLAIMER

SOURCES

Summary 1 Research Sources

LIMITED-SERVICE RESTAURANTS IN SOUTH KOREAKEY DATA FINDINGS

2023 DEVELOPMENTS

Impact of prolonged inflation on pizza, chicken, and bakery limited-service restaurants
Burger limited-service restaurants satisfies consumers with simplicity and novelty
Convenience stores limited-service restaurants solidifies its position as a key category within consumer foodservice

PROSPECTS AND OPPORTUNITIES

Food tech will play a key role in maximising operational efficiencies and avoiding further price increases by minimising expenses
New entrants and diversification will lead to fierce competition between categories in limited-service restaurants
Third-party delivery platforms will maintain their position, while first-party delivery apps will continue to grow and improve

CATEGORY DATA

Table 13 Limited-Service Restaurants by Category: Units/Outlets 2018-2023
Table 14 Sales in Limited-Service Restaurants by Category: Number of Transactions 2018-2023
Table 15 Sales in Limited-Service Restaurants by Category: Foodservice Value 2018-2023
Table 16 Limited-Service Restaurants by Category: % Units/Outlets Growth 2018-2023
Table 17 Sales in Limited-Service Restaurants by Category: % Transaction Growth 2018-2023
Table 18 Sales in Limited-Service Restaurants by Category: % Foodservice Value Growth 2018-2023
Table 19 GBO Company Shares in Chained Limited-Service Restaurants: % Foodservice Value 2019-2023
Table 20 GBN Brand Shares in Chained Limited-Service Restaurants: % Foodservice Value 2020-2023
Table 21 Forecast Limited-Service Restaurants by Category: Units/Outlets 2023-2028
Table 22 Forecast Sales in Limited-Service Restaurants by Category: Number of Transactions 2023-2028
Table 23 Forecast Sales in Limited-Service Restaurants by Category: Foodservice Value 2023-2028
Table 24 Forecast Limited-Service Restaurants by Category: % Units/Outlets Growth 2023-2028
Table 25 Forecast Sales in Limited-Service Restaurants by Category: % Transaction Growth 2023-2028
Table 26 Forecast Sales in Limited-Service Restaurants by Category: % Foodservice Value Growth 2023-2028

CAFÉS/BARS IN SOUTH KOREAKEY DATA FINDINGS

2023 DEVELOPMENTS

Specialist coffee and tea shops is mature in South Korea, but continues to grow
Weakening downwards trend for juice/smoothie bars thanks to semi-captive outlets
Slow recovery of bars/pubs due to drinking culture established during COVID-19

PROSPECTS AND OPPORTUNITIES

Accepting the new alcohol drinking culture will be essential to speed the recovery of bars/pubs
The forecast evolutionary direction of chained specialist coffee and tea shops

CATEGORY DATA

Table 27 Cafés/Bars by Category: Units/Outlets 2018-2023
Table 28 Sales in Cafés/Bars by Category: Number of Transactions 2018-2023
Table 29 Sales in Cafés/Bars by Category: Foodservice Value 2018-2023
Table 30 Cafés/Bars by Category: % Units/Outlets Growth 2018-2023
Table 31 Sales in Cafés/Bars by Category: % Transaction Growth 2018-2023
Table 32 Sales in Cafés/Bars by Category: % Foodservice Value Growth 2018-2023
Table 33 GBO Company Shares in Chained Cafés/Bars: % Foodservice Value 2019-2023
Table 34 GBN Brand Shares in Chained Cafés/Bars: % Foodservice Value 2020-2023
Table 35 Forecast Cafés/Bars by Category: Units/Outlets 2023-2028
Table 36 Forecast Sales in Cafés/Bars by Category: Number of Transactions 2023-2028
Table 37 Forecast Sales in Cafés/Bars by Category: Foodservice Value 2023-2028
Table 38 Forecast Cafés/Bars by Category: % Units/Outlets Growth 2023-2028
Table 39 Forecast Sales in Cafés/Bars by Category: % Transaction Growth 2023-2028
Table 40 Forecast Sales in Cafés/Bars by Category: % Foodservice Value Growth 2023-2028

FULL-SERVICE RESTAURANTS IN SOUTH KOREAKEY DATA FINDINGS

2023 DEVELOPMENTS

Double-digit growth for buffet-style family restaurants due to inflation
A shift from consumption-driven to experience-driven through store renovations
Increased takeaway and eat-in for full-service restaurants

PROSPECTS AND OPPORTUNITIES

Proliferation of food tech expected in full-service restaurants
Development of spatial and historical dimensions to highlight offline competitiveness
The delivery of new cuisines will be essential for the fast recovery of full-service restaurants

CATEGORY DATA

Table 41 Full-Service Restaurants by Category: Units/Outlets 2018-2023
Table 42 Sales in Full-Service Restaurants by Category: Number of Transactions 2018-2023
Table 43 Sales in Full-Service Restaurants by Category: Foodservice Value 2018-2023
Table 44 Full-Service Restaurants by Category: % Units/Outlets Growth 2018-2023
Table 45 Sales in Full-Service Restaurants by Category: % Transaction Growth 2018-2023
Table 46 Sales in Full-Service Restaurants by Category: % Foodservice Value Growth 2018-2023
Table 47 GBO Company Shares in Chained Full-Service Restaurants: % Foodservice Value 2019-2023
Table 48 GBN Brand Shares in Chained Full-Service Restaurants: % Foodservice Value 2020-2023
Table 49 Forecast Full-Service Restaurants by Category: Units/Outlets 2023-2028
Table 50 Forecast Sales in Full-Service Restaurants by Category: Number of Transactions 2023-2028
Table 51 Forecast Sales in Full-Service Restaurants by Category: Foodservice Value 2023-2028
Table 52 Forecast Full-Service Restaurants by Category: % Units/Outlets Growth 2023-2028
Table 53 Forecast Sales in Full-Service Restaurants by Category: % Transaction Growth 2023-2028
Table 54 Forecast Sales in Full-Service Restaurants by Category: % Foodservice Value Growth 2023-2028

SELF-SERVICE CAFETERIAS IN SOUTH KOREAKEY DATA FINDINGS

2023 DEVELOPMENTS

Independent self-service cafeterias shows double-digit retail value growth
Ikea Restaurant shows a substantial decline in retail value sales and transactions
Growth is observed in B2B self-service cafeterias

PROSPECTS AND OPPORTUNITIES

Independent self-service cafeterias set to grow in retail value terms, but not in outlet numbers
Sluggish growth forecast for chained self-service cafeterias
Potential entry of B2B businesses into B2C if high inflation lasts longer than expected

CATEGORY DATA

Table 55 Self-Service Cafeterias: Units/Outlets 2018-2023
Table 56 Sales in Self-Service Cafeterias: Number of Transactions 2018-2023
Table 57 Sales in Self-Service Cafeterias: Foodservice Value 2018-2023
Table 58 Sales in Self-Service Cafeterias: % Units/Outlets Growth 2018-2023
Table 59 Sales in Self-Service Cafeterias: % Transaction Growth 2018-2023
Table 60 Sales in Self-Service Cafeterias: % Foodservice Value Growth 2018-2023
Table 61 GBO Company Shares in Chained Self-Service Cafeterias: % Foodservice Value 2019-2023
Table 62 GBN Brand Shares in Chained Self-Service Cafeterias: % Foodservice Value 2020-2023
Table 63 Forecast Self-Service Cafeterias: Units/Outlets 2023-2028
Table 64 Forecast Sales in Self-Service Cafeterias: Number of Transactions 2023-2028
Table 65 Forecast Sales in Self-Service Cafeterias: Foodservice Value 2023-2028
Table 66 Forecast Self-Service Cafeterias: % Units/Outlets Growth 2023-2028
Table 67 Forecast Sales in Self-Service Cafeterias: % Transaction Growth 2023-2028
Table 68 Forecast Sales in Self-Service Cafeterias: % Foodservice Value Growth 2023-2028

STREET STALLS/KIOSKS IN SOUTH KOREAKEY DATA FINDINGS

2023 DEVELOPMENTS

Tanghulu dominates amongst South Korean Millennials and Generation Z in 2023
Temporary revitalisation of traditional and street food due to the media effect and tanghulu trend
Rapid changes in street stalls/kiosks due to low start-up costs

PROSPECTS AND OPPORTUNITIES

Falling popularity of tanghulu is expected in the forecast period
Expectation of a trickle-up effect through the frequent emergence of new desserts
Street food in traditional markets shows pontential for growth in value and volume transactions, while food trucks may be difficult to revitalise

CATEGORY DATA

Table 69 Street Stalls/Kiosks: Units/Outlets 2018-2023
Table 70 Sales in Street Stalls/Kiosks: Number of Transactions 2018-2023
Table 71 Sales in Street Stalls/Kiosks: Foodservice Value 2018-2023
Table 72 Street Stalls/Kiosks: % Units/Outlets Growth 2018-2023
Table 73 Sales in Street Stalls/Kiosks: % Transaction Growth 2018-2023
Table 74 Sales in Street Stalls/Kiosks: % Foodservice Value Growth 2018-2023
Table 75 GBO Company Shares in Chained Street Stalls/Kiosks: % Foodservice Value 2019-2023
Table 76 GBN Brand Shares in Chained Street Stalls/Kiosks: % Foodservice Value 2020-2023
Table 77 Forecast Street Stalls/Kiosks: Units/Outlets 2023-2028
Table 78 Forecast Sales in Street Stalls/Kiosks: Number of Transactions 2023-2028
Table 79 Forecast Sales in Street Stalls/Kiosks: Foodservice Value 2023-2028
Table 80 Forecast Street Stalls/Kiosks: % Units/Outlets Growth 2023-2028
Table 81 Forecast Sales in Street Stalls/Kiosks: % Transaction Growth 2023-2028
Table 82 Forecast Sales in Street Stalls/Kiosks: % Foodservice Value Growth 2023-2028

CONSUMER FOODSERVICE BY LOCATION IN SOUTH KOREAKEY DATA FINDINGS

2023 DEVELOPMENTS

The rise of consumer mobility drives stronger increases for non-standalone outlets
Double-digit growth for takeaway online ordering and eat-in value, due to burden of rising delivery fees on consumers

PROSPECTS AND OPPORTUNITIES

Continued development of takeaway is expected in 2024
Considering profitability and stability by opening up new outlets

CATEGORY DATA

Table 83 Consumer Foodservice by Location: Units/Outlets 2018-2023
Table 84 Sales in Consumer Foodservice by Location: Number of Transactions 2018-2023
Table 85 Sales in Consumer Foodservice by Location: Foodservice Value 2018-2023
Table 86 Consumer Foodservice by Location: % Units/Outlets Growth 2018-2023
Table 87 Sales in Consumer Foodservice by Location: % Transaction Growth 2018-2023
Table 88 Sales in Consumer Foodservice by Location: % Foodservice Value Growth 2018-2023
Table 89 Consumer Foodservice through Standalone: Units/Outlets 2018-2023
Table 90 Sales in Consumer Foodservice through Standalone: Number of Transactions 2018-2023
Table 91 Sales in Consumer Foodservice through Standalone: Foodservice Value 2018-2023
Table 92 Consumer Foodservice through Standalone: % Units/Outlets Growth 2018-2023
Table 93 Sales in Consumer Foodservice through Standalone: % Transaction Growth 2018-2023
Table 94 Sales in Consumer Foodservice through Standalone: % Foodservice Value Growth 2018-2023
Table 95 Consumer Foodservice through Leisure: Units/Outlets 2018-2023
Table 96 Sales in Consumer Foodservice through Leisure: Number of Transactions 2018-2023
Table 97 Sales in Consumer Foodservice through Leisure: Foodservice Value 2018-2023
Table 98 Consumer Foodservice through Leisure: % Units/Outlets Growth 2018-2023
Table 99 Sales in Consumer Foodservice through Leisure: % Transaction Growth 2018-2023
Table 100 Sales in Consumer Foodservice through Leisure: % Foodservice Value Growth 2018-2023
Table 101 Consumer Foodservice through Retail: Units/Outlets 2018-2023
Table 102 Sales in Consumer Foodservice through Retail: Number of Transactions 2018-2023
Table 103 Sales in Consumer Foodservice through Retail: Foodservice Value 2018-2023
Table 104 Consumer Foodservice through Retail: % Units/Outlets Growth 2018-2023
Table 105 Sales in Consumer Foodservice through Retail: % Transaction Growth 2018-2023
Table 106 Sales in Consumer Foodservice through Retail: % Foodservice Value Growth 2018-2023
Table 107 Consumer Foodservice through Lodging: Units/Outlets 2018-2023
Table 108 Sales in Consumer Foodservice through Lodging: Number of Transactions 2018-2023
Table 109 Sales in Consumer Foodservice through Lodging: Foodservice Value 2018-2023
Table 110 Consumer Foodservice through Lodging: % Units/Outlets Growth 2018-2023
Table 111 Sales in Consumer Foodservice through Lodging: % Transaction Growth 2018-2023
Table 112 Sales in Consumer Foodservice through Lodging: % Foodservice Value Growth 2018-2023
Table 113 Consumer Foodservice through Travel: Units/Outlets 2018-2023
Table 114 Sales in Consumer Foodservice through Travel: Number of Transactions 2018-2023
Table 115 Sales in Consumer Foodservice through Travel: Foodservice Value 2018-2023
Table 116 Consumer Foodservice through Travel: % Units/Outlets Growth 2018-2023
Table 117 Sales in Consumer Foodservice through Travel: % Transaction Growth 2018-2023
Table 118 Sales in Consumer Foodservice through Travel: % Foodservice Value Growth 2018-2023
Table 119 Forecast Consumer Foodservice by Location: Units/Outlets 2023-2028
Table 120 Forecast Sales in Consumer Foodservice by Location: Number of Transactions 2023-2028
Table 121 Forecast Sales in Consumer Foodservice by Location: Foodservice Value 2023-2028
Table 122 Forecast Consumer Foodservice by Location: % Units/Outlets Growth 2023-2028
Table 123 Forecast Sales in Consumer Foodservice by Location: % Transaction Growth 2023-2028
Table 124 Forecast Sales in Consumer Foodservice by Location: % Foodservice Value Growth 2023-2028
Table 125 Forecast Consumer Foodservice through Standalone: Units/Outlets 2023-2028
Table 126 Forecast Sales in Consumer Foodservice through Standalone: Number of Transactions 2023-2028
Table 127 Forecast Sales in Consumer Foodservice through Standalone: Foodservice Value 2023-2028
Table 128 Forecast Consumer Foodservice through Standalone: % Units/Outlets Growth 2023-2028
Table 129 Forecast Sales in Consumer Foodservice through Standalone: % Transaction Growth 2023-2028
Table 130 Forecast Sales in Consumer Foodservice through Standalone: % Foodservice Value Growth 2023-2028
Table 131 Forecast Consumer Foodservice through Leisure: Units/Outlets 2023-2028
Table 132 Forecast Sales in Consumer Foodservice through Leisure: Number of Transactions 2023-2028
Table 133 Forecast Sales in Consumer Foodservice through Leisure: Foodservice Value 2023-2028
Table 134 Forecast Consumer Foodservice through Leisure: % Units/Outlets Growth 2023-2028
Table 135 Forecast Sales in Consumer Foodservice through Leisure: % Transaction Growth 2023-2028
Table 136 Forecast Sales in Consumer Foodservice through Leisure: % Foodservice Value Growth 2023-2028
Table 137 Forecast Consumer Foodservice through Retail: Units/Outlets 2023-2028
Table 138 Forecast Sales in Consumer Foodservice through Retail: Number of Transactions 2023-2028
Table 139 Forecast Sales in Consumer Foodservice through Retail: Foodservice Value 2023-2028
Table 140 Forecast Consumer Foodservice through Retail: % Units/Outlets Growth 2023-2028
Table 141 Forecast Sales in Consumer Foodservice through Retail: % Transaction Growth 2023-2028
Table 142 Forecast Sales in Consumer Foodservice through Retail: % Foodservice Value Growth 2023-2028
Table 143 Forecast Consumer Foodservice through Lodging: Units/Outlets 2023-2028
Table 144 Forecast Sales in Consumer Foodservice through Lodging: Number of Transactions 2023-2028
Table 145 Forecast Sales in Consumer Foodservice through Lodging: Foodservice Value 2023-2028
Table 146 Forecast Consumer Foodservice through Lodging: % Units/Outlets Growth 2023-2028
Table 147 Forecast Sales in Consumer Foodservice through Lodging: % Transaction Growth 2023-2028
Table 148 Forecast Sales in Consumer Foodservice through Lodging: % Foodservice Value Growth 2023-2028
Table 149 Forecast Consumer Foodservice through Travel: Units/Outlets 2023-2028
Table 150 Forecast Sales in Consumer Foodservice through Travel: Number of Transactions 2023-2028
Table 151 Forecast Sales in Consumer Foodservice through Travel: Foodservice Value 2023-2028
Table 152 Forecast Consumer Foodservice through Travel: % Units/Outlets Growth 2023-2028
Table 153 Forecast Sales in Consumer Foodservice through Travel: % Transaction Growth 2023-2028
Table 154 Forecast Sales in Consumer Foodservice through Travel: % Foodservice Value Growth 2023-2028

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