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South Korea Fast Food Market Share, Growth, Size, Forecast: By Product Type: Spicy Rice Cakes, Chicken Cup, Fish Cakes, Kimbap, Blood Sausage, Donuts, Korean Pancakes, Others; By End User: Full-Service Restaurants, Quick Service Restaurants, Caterings, Others; By Provinces: North Chungcheong, Others; Competitive Landscape; 2024-2032
Leading Fast food Chains in the South Korea Fast Food Market
Market players are focused on adding fresh ingredients, finding low-calorie alternatives, and menu innovation to attract customers and stay competitive in the fast food industry
Lotteria Corporation was established in February 1972 in Tokyo, Japan, and later expanded to Seoul, South Korea in 1979. Company’s menu includes popular fast food items such as burgers, French fries, fried chicken, chicken wings, and chicken fingers.
McDonald's Corporation was founded in 1940 and is headquartered in Illinois, United States. The company is a global fast food chain known for its iconic menu items such as Big Macs, Quarter Pounders, Chicken McNuggets, and world-famous French fries. McDonald's also offers a variety of breakfast items, salads, desserts, and beverages.
KFC Corporation was founded in 1930 and is headquartered in Kentucky, United States. KFC's menu includes a variety of chicken products such as original recipe chicken, extra crispy chicken, and kentucky grilled chicken, along with sides like mashed potatoes, coleslaw, and biscuits.
Shake Shack Inc. was founded in July 2004 in New York City, United States, and is headquartered in the same city. The fast casual restaurant chain is known for its hamburgers, hot dogs, French fries, chicken, milkshakes, custards, beer, and wine, with the ShackBurger being its most famous product. Shake Shack is now operating over 400 locations globally.
Other key players occupying significant South Korea fast food market share include Isaac Toast Co., Ltd., Mom’s Touch Global, and Burger King Corporation, among others.
South Korea Fast Food Market Report Snapshots
South Korea Fast Food Market Size
South Korea Fast Food Market Growth
South Korea Fast Food Market Trends
South Korea Fast Food Market Share
South Korea Fast Food Manufacturers
South Korea Fast Food Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Regional
7 Opportunities and Challenges in the Market
8 South Korea Fast Food Market Analysis
8.1 Key Industry Highlights
8.2 South Korea Fast Food Historical Market (2018-2023)
8.3 South Korea Fast Food Market Forecast (2024-2032)
8.4 South Korea Fast Food Market by Product Type
8.4.1 Spicy Rice Cakes
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Chicken Cup
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fish Cakes
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Kimbap
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Blood Sausage
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Donuts
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Korean Pancakes
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Others
8.5 South Korea Fast Food Market by End User
8.5.1 Full-Service Restaurants
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Quick Service Restaurants
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Caterings
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 South Korea Fast Food Market by Provinces
8.6.1 North Chungcheong
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 South Chungcheong
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Gangwon
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Gyeonggi
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 North Gyeongsang
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 South Gyeongsang
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 North Jeolla
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 South Jeolla
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Jeju Special Self-Governing Province
8.6.9.1 Historical Trend (2018-2023)
8.6.9.2 Forecast Trend (2024-2032)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Mom’s Touch Global
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Lotteria Corporation
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Mc Donald’s Corporation
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 KFC Corporation
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 Isaac Toast Co., Ltd.
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 Burger King Corporation
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 Shake Shack Inc.
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
10.2.7.4 Certifications
10.2.8 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Fast Food Market: Key Industry Highlights, 2018 and 2032
2. South Korea Fast Food Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. South Korea Fast Food Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. South Korea Fast Food Historical Market: Breakup by End User (USD Million), 2018-2023
5. South Korea Fast Food Market Forecast: Breakup by End User (USD Million), 2024-2032
6. South Korea Fast Food Historical Market: Breakup by Provinces (USD Million), 2018-2023
7. South Korea Fast Food Market Forecast: Breakup by Provinces (USD Million), 2024-2032
8. South Korea Fast Food Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The surge of western fast-food chains, the increasing trend of "honjok" and "honbap" lifestyles, the growing number of restaurants, increased use of social media and e-commerce are the major industry drivers.
The rising disposable income, the emergence of coffee culture, busy lifestyles, the prevalence of online transactions and doorstep delivery are the key trends aiding market expansion.
Fast food is popular due to its convenience, affordability, and quick service, catering to busy lifestyles and offering a wide variety of flavourful options.
Provinces considered in the market are North Chungcheong, South Chungcheong, Gangwon, Gyeonggi, North Gyeongsang, South Gyeongsang, North Jeolla, South Jeolla, and Jeju Special Self-Governing Province.
Based on end user, the market is divided into full-service restaurants, quick service restaurants, caterings, and others.
The different type of fast food in the industry are spicy rice cakes, chicken cup, fish cakes, kimbap, blood sausage, donuts, and Korean pancakes, among others.
Key players in the market are Mom’s Touch Global, Lotteria Corporation, Mc Donald’s Corporation, KFC Corporation, Isaac Toast Co., Ltd., Burger King Corporation, and Shake Shack Inc., among others.
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