South Korea Chewy Candy Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korea Chewy Candy Market has seen significant growth over recent years, driven by shifting consumer preferences, an increasing demand for unique flavors, and innovation in candy production. Chewy candies, often regarded for their texture and long-lasting taste, have captured the interest of both young and adult consumers alike, making them an essential segment in the country’s confectionery industry. In particular, the trend towards healthier and more natural candy options has spurred manufacturers to create chewy varieties with reduced sugar content, natural sweeteners, and functional ingredients like vitamins.
From the industrial perspective, South Korea's chewy candy market is increasingly influenced by factors such as consumer demand for novel flavors, dietary preferences, and the growing popularity of confectionery with functional benefits. Companies are also investing in advanced production techniques, such as high-efficiency machinery, to meet the high demand for chewy candies while maintaining product consistency and quality. As consumers become more health-conscious, there is a rising need for products that blend taste with wellness benefits, such as chewy candies fortified with probiotics or vitamins.
Furthermore, the global impact on South Korea’s chewy candy market cannot be underestimated. As international candy brands continue to make inroads into the South Korean market, local manufacturers are adjusting their strategies to offer a diverse range of chewy candy types, including sour, fruity, and even spicy varieties. This diversification is not just for taste, but also to cater to changing demographic preferences. South Korea’s youthful population has a growing appetite for experimenting with bold and unexpected flavors, making the chewy candy market an exciting landscape for innovation.
The demand from industries for chewy candy in South Korea is not just focused on innovation in flavors but also on packaging and sustainability. As consumers become more environmentally conscious, businesses are increasingly investing in biodegradable or recyclable packaging for their chewy candy products. This shift is in line with global sustainability trends and consumer expectations. The industry is also adapting to digital and e-commerce trends, which means there is an increasing need for effective online distribution channels and marketing strategies to capture the attention of digital-savvy consumers.
Overall, the South Korea chewy candy market is evolving rapidly, with growing consumer demand for healthier, innovative products and an increasing focus on sustainability. For businesses in the candy sector, staying ahead of these trends is essential to securing a competitive edge in the marketplace.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Chewy Candy Market
Gummy Candies
Lollipops
Hard Candies
Caramel Candies
Jelly Beans
Fruity
Mint
Chocolate
Caramel
Sour
Individual Packaging
Bulk Packaging
Boxed Packaging
Resealable Bags
Children
Teenagers
Adults
Senior Citizens
Supermarkets
Convenience Stores
Online Retailers
Specialty Stores
Vending Machines
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Chewy Candy Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Chewy Candy Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Chewy Candy Market, By Type
6. South Korea Chewy Candy Market, By Application
7. South Korea Chewy Candy Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Chewy Candy Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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