South Korea Premium Chocolate Market Size, Share, and COVID-19 Impact Analysis, By Product (Dark Chocolate and White Chocolate), By Type (Chocolate Bars and Assortments), and South Korea Premium Chocolate Market, Industry Trend, Forecasts to 2035

South Korea Premium Chocolate Market Insights Forecasts to 2035

• The South Korea Premium Chocolate Market Size Was Estimated at USD 187.0 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.52% from 2025 to 2035
• The South Korea Premium Chocolate Market Size is Expected to Reach USD 459.6 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, The South Korea Premium Chocolate Market Size is anticipated to Reach USD 459.6 Million by 2035, Growing at a CAGR of 8.52% from 2025 to 2035. Continuous product innovation by producers pushes the envelope toward a variety of new flavors to attract consumers, which is the main driver driving the rise of premium product ranges.

Market Overview

High-end chocolate goods that are characterized by exceptional ingredients, distinctive flavors, and frequently artisanal production techniques are included in the premium chocolate industry.  These chocolates may have complex flavor profiles, use organic and socially produced ingredients, and usually have a higher percentage of cocoa.  They are frequently marketed as a luxury good, attracting customers looking for decadent and elegant confections.  Antioxidants found in premium dark chocolate with a high cocoa content can help shield the body from cell damage.  Cocoas flavonols can reduce blood pressure and enhance blood vessel health.  Customers are prepared to pay more for premium chocolate produced using ethical production practices and traceable ingredients. A devoted following is being drawn to artisanal companies that emphasize distinctive taste combinations, limited-edition products, and gripping brand narratives.  To encourage the use of sustainable methods like agroforestry and integrated pest management, governments might provide cocoa growers with financial incentives or technical support.  This solves environmental issues and guarantees a consistent supply of premium cocoa beans for the manufacturing of premium chocolate.

Report Coverage

This research report categorizes the market for South Korea premium chocolate market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea premium chocolate 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 South Korea premium chocolate market.

Driving Factors

Consumers are increasingly seeking indulgent yet healthier options, leading to a surge in demand for dark chocolate varieties known for their antioxidant properties and lower sugar content. Additionally, the growing preference for ethically sourced and organic ingredients has prompted brands to adopt sustainable practices and certifications like Fair Trade and Rainforest Alliance.

Restraining Factors

High production costs driven by expensive raw materials like cocoa and specialty ingredients, which increase retail prices and limit consumer affordability. Additionally, fluctuating cocoa supply due to climate change and geopolitical issues creates price volatility. Health concerns over sugar and calorie content may reduce consumption among health-conscious consumers.

Market Segmentation

The South Korea premium chocolate market share is classified into product and type.

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

The South Korea premium chocolate market is segmented by product into dark chocolate and white chocolate. Among these, the dark chocolate segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Dark chocolate has more cocoa and less sugar than milk chocolate, it is frequently promoted as a healthy option. Customers are becoming more conscious of its health advantages, which include its high antioxidant content, heart-healthy effects, and stress-relieving properties.

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

The South Korea premium chocolate market is segmented by type into chocolate bars and assortments. Among these, the chocolate bars segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Supermarkets and hypermarkets provide a one-stop shopping experience, allowing customers to conveniently buy high-quality chocolates in addition to their usual grocery products.  These retail outlets accessibility makes it simple for customers to incorporate purchases of luxury chocolate into their regular shopping excursions.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea premium chocolate 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 elaborate analysis focusing on the companies current news and developments, including 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

• Crown Confectionery Co., Ltd.
• Orion Confectionery Co., Ltd.
• Lotte Corporation
• Mars, Incorporated
• Ferrero International S.A.
• Haitai Confectionery & Foods Co., Ltd.
• SPC Group
• Meiji Holdings Co., Ltd.
• Perfetti Van Melle Group
• Mondelez International, Inc.
• 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 premium chocolate market based on the below-mentioned segments:

South Korea Premium Chocolate Market, By Product

• Dark Chocolate
• White Chocolate

South Korea Premium Chocolate Market, By Type

• Chocolate Bars
• Assortments