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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
South Korea Fast Food Market Analysis by Provinces
Jeonju leads the market as it as a well-known location for the popular Korean dish ‘bibimbap’
Based on provinces, the market is divided into some major regions, such as North Chungcheong, South Chungcheong, Gangwon, Gyeonggi, North Gyeongsang, South Gyeongsang, North Jeolla, and South Jeolla, and Jeju Special Self-Governing Province.
The most well-known location for the popular Korean dish bibimbap is Jeonju. Both Jinju and Jeonju are highly recognised for their bibimbap variations. High-quality ingredients from the northern Jeolla area combined with Sunchang gochujang, exceptional cooking methods, and skillful food preparation give bibimbap its distinctive flavour. The palatability of the same food differs from region to region.
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.*
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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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