South Korea Confectionery Ingredient Market Size, Share, and COVID-19 Impact Analysis, By Type (Cocoa & Chocolate, Dairy Ingredients, Emulsifiers, Stabilizers & Thickeners, Malts, Oils & Shortenings, Sweeteners, and Others), By Application (Chocolate Confectionery, Sugar Confectionery, and Chewing Gums), and South Korea Confectionery Ingredient Market Insights, Industry Trend, Forecasts to 2035

South Korea Confectionery Ingredient Market Insights Forecasts to 2035

• The South Korea Confectionery Ingredient Market size is Expected to Grow at a CAGR of around 3.6% from 2025 to 2035
• The South Korea Confectionery Ingredient Market size is Expected to Hold a Significant Share by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea Confectionery Ingredient Market Size is Anticipated to Grow at a CAGR of 3.6% from 2025 to 2035. The market is driven by rising demand for clean-label, low-sugar, and functional confectionery products. Increased use of premium cocoa, natural sweeteners, and plant-based emulsifiers supports innovation across chocolate, sugar confectionery, and chewing gum applications.

Market Overview

The South Korea confectionery ingredient market includes any ingredient that may include cocoa and chocolate, dairy products, emulsifiers, stabilisers and thickening agents, malt bases, oils and shortening products, sweeteners, and other ingredients included in the manufacture of chocolate confectionery, sugar confectionery and chewing gums. The market is developing steadily, due to rising consumer demand for clean-label, low-sugar, and functional sweets. Increased health consciousness is progressing to a greater accepting of natural sweetening agents, high-quality cocoa products and plant-based emulsifiers. The developments of products such as artisanal chocolate, premium candies, and even product launches that are categorically innovation-driven have created demand for high-performance functional ingredients. Both domestic and international manufacturers are focusing investment into ingredient innovation and developing formulations with regulatory-compliance monitoring, all while striving to keep up with changing consumer expectations. The rapid expansion of the online retailer food sector, growing opportunities in foodservice, and popularity of home-baking has increased consumption for many segments. For these reasons, the South Korea confectionery ingredient market is expected to continue exhibiting strong growth the throughout the duration of the forecast period.

Report Coverage

This research report categorizes the market for the South Korea confectionery ingredient market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea confectionery ingredient market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea confectionery ingredient market.

Driving Factors

The South Korea confectionery ingredient market is experiencing growth due to increased consumer demand for clean-label, low-sugar, and functional confectionery products. Health-conscious consumers are looking for products that utilize clean-label, natural sweeteners, plant-based emulsifiers, and high-quality cocoa. More artisanal and premium confectionery products on the market is allowing for more specialty ingredients to be used, in addition to the improved quality and functional profile of many confectionery ingredients. Additionally, as consumers explore different flavors, textures, and nutritional profiles, the variety of products available to everyone is wide-opening in South Korea. Ultimately, rising disposable incomes, the influence of Western dessert culture, and the increasing reach of e-commerce in the nation is also resulting in an increase in demand for advanced confectionery product ingredient solutions.

Restraining Factors

The South Korea Confectionery Ingredient Market is restrained by the cost of high-end imported ingredient such as organic cocoa, specialty dairy products and natural sweeteners. Regulatory considerations, the volatility of raw material costs, and the limited shelf life of clean-label formulations create challenges for manufacturers, particularly for mass-market and price-sensitive manufacturers.

Market Segmentation

The South Korea Confectionery Ingredient Market share is classified into type and application.

• The cocoa & chocolate segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea confectionery ingredient market is segmented by type into cocoa & chocolate, dairy ingredients, emulsifiers, stabilizers & thickeners, malts, oils & shortenings, sweeteners, and others. Among these, the cocoa & chocolate segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is attributed to the continuous growth in usage of chocolate and sugar confectionery products, demand for premium dark chocolate, and consumer preference for rich, decadent flavors.

• The chocolate confectionery segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea confectionery ingredient market is segmented by application into chocolate confectionery, sugar confectionery, and chewing gums. Among these, the chocolate confectionery segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to increasing consumption of functional and premium chocolates, rising gifting culture, and implementation of high-value ingredients in both artisanal and industrial chocolate.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea confectionery ingredient market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cargill, Incorporated
• Barry Callebaut
• Mars Incorporated
• AAK AB
• DuPont
• Archer Daniels Midland
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea confectionery ingredient market based on the below-mentioned segments:

South Korea Confectionery Ingredient Market, By Type

• Cocoa & Chocolate
• Dairy Ingredients
• Emulsifiers
• Stabilizers & Thickeners
• Malts
• Oils & Shortenings
• Sweeteners
• Others

South Korea Confectionery Ingredient Market, By Application

• Chocolate Confectionery
• Sugar Confectionery
• Chewing Gums