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The fast food market in South Korea was valued at USD 18.05 billion in 2024. It is projected to expand at a compound annual growth rate (CAGR) of 4.60% from 2025 to 2034, reaching an estimated value of USD 28.30 billion by the end of the forecast period.
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South Korea Fast Food Market Analysis, Growth & Industry Trends Report - Forecast Trends (2025-2034)
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South Korea Fast Food Market Outlook 2025-2034 The South Korea fast food market was valued at USD 18.05 billion in 2024. It is projected to grow at a compound annual growth rate (CAGR) of 4.60% from 2025 to 2034, reaching an estimated value of USD 28.30 billion by 2034.
South Korea Fast Food Market Growth The fast food market in South Korea has been experiencing steady growth, fueled by changing consumer lifestyles and increasing urbanization. As more people seek quick, convenient meal options, fast food chains have expanded their presence across cities and suburban areas. The growing middle class, along with a rising number of working professionals and students, has contributed to higher demand for affordable and diverse fast food offerings. Additionally, the influence of Western food culture combined with local tastes has resulted in a dynamic and evolving market landscape. Convenience, affordability, and taste remain the key factors driving consumer choices in this sector. According to Expert Market Research, the South Korea fast food market is poised for significant expansion over the coming decade. Their analysis highlights key factors such as increasing disposable incomes, the proliferation of food delivery services, and the adoption of digital ordering platforms as major growth drivers. Expert Market Research also emphasizes the role of innovation in menu options, including healthier and premium choices, which are attracting a broader consumer base. Furthermore, the rise of social media and digital marketing has enhanced brand visibility and consumer engagement, creating new opportunities for growth. These insights demonstrate how the market is adapting to shifting consumer preferences and technological advancements, positioning it for sustained growth. Looking ahead, the South Korea fast food market is expected to continue its upward trajectory, with several local and international players investing in new outlets and digital infrastructure. The convenience factor, coupled with evolving consumer expectations around food quality and experience, is encouraging fast food brands to innovate in service delivery and product variety. As the market matures, trends such as plant-based alternatives and sustainable packaging are likely to shape future growth, making the fast food industry in South Korea both dynamic and competitive. Moreover, partnerships with technology providers to enhance delivery speed and customer convenience will further strengthen the market’s potential. 05 This is a sample text. 01 Trade Data Analysis
South Korea Fast Food Market Trends The South Korea fast food market is characterized by rapid innovation and evolving consumer preferences. There is a clear shift towards healthier and more diverse menu options, as consumers become increasingly conscious of nutrition and wellness. Traditional fast food items are being complemented by offerings that cater to dietary restrictions and lifestyle choices, such as vegetarian, vegan, and gluten-free options. This trend reflects a broader global movement toward health-conscious eating, influencing how fast food chains design their menus and marketing strategies. Additionally, the blending of international flavors with local Korean tastes is creating unique fusion dishes that appeal to a wide demographic. Technology is playing a pivotal role in shaping the fast food landscape in South Korea. The integration of digital ordering platforms, mobile apps, and contactless payment systems has significantly enhanced customer convenience. Food delivery services have surged in popularity, driven by urbanization and busy lifestyles, making it easier for consumers to access fast food from a variety of outlets. This technological advancement has also enabled fast food brands to collect data on consumer behavior, allowing for more personalized marketing and improved service efficiency. Moreover, innovations like AI-powered chatbots and automated kitchens are beginning to transform the customer experience. Sustainability is becoming an important consideration within the South Korea fast food market. Consumers are increasingly aware of environmental issues, prompting brands to adopt eco-friendly practices such as sustainable packaging and waste reduction initiatives. There is a growing demand for transparency around sourcing and production processes, encouraging companies to demonstrate their commitment to social and environmental responsibility. This focus on sustainability is not only influencing consumer choices but also driving innovation in product development and operational practices within the industry. Brands that prioritize ethical sourcing and community engagement are gaining favor among socially conscious consumers, further shaping market trends. 05 This is a sample text. 01 Trade Data Analysis
South Korea Fast Food Industry Segmentation Based On the Product Type: • Spicy Rice Cakes • Chicken Cup • Fish Cakes • Kimbap • Blood Sausage • Donuts • Korean Pancakes • Others Based on the End User: • Full-Service Restaurants • Quick Service Restaurants • Caterings • Others 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis
South Korea Fast Food Industry Segmentation Based On the Provinces: • North Chungcheong • South Chungcheong • Gangwon • Gyeonggi • North Gyeongsang • South Gyeongsang • North Jeolla • South Jeolla • Jeju Special Self-Governing Province 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis
Leading Companies in the South Korea Fast Food Market Market players are prioritizing the use of fresh ingredients, exploring low-calorie alternatives, and continuously innovating their menus to attract customers and maintain a competitive edge in the fast food industry. Mom’s Touch Global Mom’s Touch Global is a popular South Korean fast food chain known for its fried chicken and burgers. The brand has built a strong domestic presence by offering generous portions and affordable prices, appealing to local tastes. With its focus on freshly prepared food and Korean-style seasoning, Mom’s Touch has gained a loyal customer base and is also expanding internationally. Lotteria Corporation Lotteria is a major South Korean fast food chain owned by the Lotte Group. It offers a variety of burgers, fried chicken, and Korean-inspired fast food items. Lotteria is known for adapting Western-style fast food to suit Korean preferences and has a wide network of outlets across the country. Its commitment to innovation and menu localization has helped it remain a strong player in the competitive market. McDonald’s Corporation McDonald’s is a global fast food giant with a significant presence in South Korea. The brand is widely recognized for its burgers, fries, and value meals. In the Korean market, McDonald’s has adapted its offerings to include localized items and flavors, catering to regional tastes while maintaining its global standards. Its strong brand reputation, quick service, and convenient locations contribute to its popularity.
Leading Companies in the South Korea Fast Food Market Market players are prioritizing the use of fresh ingredients, exploring low-calorie alternatives, and continuously innovating their menus to attract customers and maintain a competitive edge in the fast food industry. KFC Corporation KFC (Kentucky Fried Chicken) is an international fast food chain that has established a strong foothold in South Korea, primarily through its signature fried chicken. KFC tailors its menu to Korean consumers with localized options and frequent promotions. Its focus on quality chicken and efficient service has helped it remain a top choice among fried chicken enthusiasts in the country. Isaac Toast Co., Ltd. Isaac Toast is a uniquely Korean fast food brand that specializes in toasted sandwiches. Originating as a small street food vendor, it has grown into a successful franchise known for its sweet and savory flavor combinations. Isaac Toast offers a quick and affordable breakfast or snack option, making it a favorite among students and office workers alike. Burger King Corporation Burger King is a well-established global fast food chain that operates extensively in South Korea. Known for its flame-grilled burgers and wide menu selection, Burger King competes by offering premium menu options and combo deals. The brand continues to adapt to local preferences while maintaining its international identity, ensuring a strong presence in the market.
Table of Contents 01 Executive Summary 1.1 Market Size 2024-2025 1.2 Market Growth 2025(F)-2034(F) 1.3 Key Demand Drivers 1.4 Key Players and Competitive Structure 1.5 Industry Best Practices 1.6 Recent Trends and Developments 1.7 Industry Outlook 02 Market Overview and Stakeholder Insights 2.1 Market Trends 2.2 Key Verticals 2.3 Key Regions 2.4 Supplier Power 2.5 Buyer Power 2.6 Key Market Opportunities and Risks 2.7 Key Initiatives by Stakeholders 03 Economic Summary 3.1 GDP Outlook 3.2 GDP Per Capita Growth 3.3 Inflation Trends
Table of Contents 3.4 Democracy Index 3.5 Gross Public Debt Ratios 3.6 Balance of Payment (BoP) Position 3.7 Population Outlook 3.8 Urbanisation Trends 04 Country Risk Profiles 4.1 Country Risk 4.2 Business Climate 05 South Korea Fast Food Market Analysis 5.1 Key Industry Highlights 5.2 South Korea Fast Food Historical Market (2018-2024) 5.3 South Korea Fast Food Market Forecast (2025-2034) 5.4 South Korea Fast Food Market by Product Type 5.4.1 Spicy Rice Cakes 5.4.1.1 Historical Trend (2018-2024) 5.4.1.2 Forecast Trend (2025-2034) 5.4.2 Chicken Cup 5.4.2.1 Historical Trend (2018-2024) 5.4.2.2 Forecast Trend (2025-2034) 5.4.3 Fish Cakes
Table of Contents 5.4.3.1 Historical Trend (2018-2024) 5.4.3.2 Forecast Trend (2025-2034) 5.4.4 Kimbap 5.4.4.1 Historical Trend (2018-2024) 5.4.4.2 Forecast Trend (2025-2034) 5.4.5 Blood Sausage 5.4.5.1 Historical Trend (2018-2024) 5.4.5.2 Forecast Trend (2025-2034) 5.4.6 Donuts 5.4.6.1 Historical Trend (2018-2024) 5.4.6.2 Forecast Trend (2025-2034) 5.4.7 Korean Pancakes 5.4.7.1 Historical Trend (2018-2024) 5.4.7.2 Forecast Trend (2025-2034) 5.4.8 Others 5.5 South Korea Fast Food Market by End User 5.5.1 Full-Service Restaurants 5.5.1.1 Historical Trend (2018-2024) 5.5.1.2 Forecast Trend (2025-2034) 5.5.2 Quick Service Restaurants
Table of Contents 5.5.2.1 Historical Trend (2018-2024) 5.5.2.2 Forecast Trend (2025-2034) 5.5.3 Caterings 5.5.3.1 Historical Trend (2018-2024) 5.5.3.2 Forecast Trend (2025-2034) 5.5.4 Others 5.6 South Korea Fast Food Market by Provinces 5.6.1 North Chungcheong 5.6.1.1 Historical Trend (2018-2024) 5.6.1.2 Forecast Trend (2025-2034) 5.6.2 South Chungcheong 5.6.2.1 Historical Trend (2018-2024) 5.6.2.2 Forecast Trend (2025-2034) 5.6.3 Gangwon 5.6.3.1 Historical Trend (2018-2024) 5.6.3.2 Forecast Trend (2025-2034) 5.6.4 Gyeonggi 5.6.4.1 Historical Trend (2018-2024) 5.6.4.2 Forecast Trend (2025-2034) 5.6.5 North Gyeongsang
Table of Contents 5.6.5.1 Historical Trend (2018-2024) 5.6.5.2 Forecast Trend (2025-2034) 5.6.6 South Gyeongsang 5.6.6.1 Historical Trend (2018-2024) 5.6.6.2 Forecast Trend (2025-2034) 5.6.7 North Jeolla 5.6.7.1 Historical Trend (2018-2024) 5.6.7.2 Forecast Trend (2025-2034) 5.6.8 South Jeolla 5.6.8.1 Historical Trend (2018-2024) 5.6.8.2 Forecast Trend (2025-2034) 5.6.9 Jeju Special Self-Governing Province 5.6.9.1 Historical Trend (2018-2024) 5.6.9.2 Forecast Trend (2025-2034) 06 Market Dynamics 6.1 SWOT Analysis 6.1.1 Strengths 6.1.2 Weaknesses 6.1.3 Opportunities 6.1.4 Threats
Table of Contents 6.2 Porter’s Five Forces Analysis 6.2.1 Supplier’s Power 6.2.2 Buyer’s Power 6.2.3 Threat of New Entrants 6.2.4 Degree of Rivalry 6.2.5 Threat of Substitutes 6.3 Key Indicators for Demand 6.4 Key Indicators for Price 07 Competitive Landscape 7.1 Supplier Selection 7.2 Key Global Players 7.3 Key Regional Players 7.4 Key Player Strategies 7.5 Company Profiles 7.5.1 Mom’s Touch Global 7.5.1.1 Company Overview 7.5.1.2 Product Portfolio 7.5.1.3 Demographic Reach and Achievements 7.5.1.4 Certifications 7.5.2 Lotteria Corporation
Table of Contents 7.5.2.1 Company Overview 7.5.2.2 Product Portfolio 7.5.2.3 Demographic Reach and Achievements 7.5.2.4 Certifications 7.5.3 Mc Donald’s Corporation 7.5.3.1 Company Overview 7.5.3.2 Product Portfolio 7.5.3.3 Demographic Reach and Achievements 7.5.3.4 Certifications 7.5.4 KFC Corporation 7.5.4.1 Company Overview 7.5.4.2 Product Portfolio 7.5.4.3 Demographic Reach and Achievements 7.5.4.4 Certifications 7.5.5 Isaac Toast Co., Ltd. 7.5.5.1 Company Overview 7.5.5.2 Product Portfolio 7.5.5.3 Demographic Reach and Achievements 7.5.5.4 Certifications 7.5.6 Burger King Corporation
Table of Contents 7.5.6.1 Company Overview 7.5.6.2 Product Portfolio 7.5.6.3 Demographic Reach and Achievements 7.5.6.4 Certifications 7.5.7 Shake Shack Inc. 7.5.7.1 Company Overview 7.5.7.2 Product Portfolio 7.5.7.3 Demographic Reach and Achievements 7.5.7.4 Certifications 7.5.8 Others
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