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South Korea Fast Food Market Size, Share, Industry Trends and Report 2033
South Korea Fast Food Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 17,192.5 Million
Market Forecast in 2033: USD 24,742.7 Million
Market Growth Rate: 4.13% (2025-2033)
South Korea's fast food industry is thriving, driven by dynamic consumer lifestyles and innovative culinary offerings. The market is poised for robust growth, fueled by convenience and evolving food trends. According to the latest report by IMARC Group, South Korea fast food market size reached USD 17,192.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 24,742.7 Million by 2033, exhibiting a growth rate (CAGR) of 4.13% during 2025-2033.
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South Korea Fast Food Industry Trends and Drivers:
The tremendous expansion of the South Korean fast food market is caused by urban lifestyles and convenience-oriented life of the millennial and Gen-Z consumer base. The advanced South Korean fast food market now amounts to over $7 billion (Statista, 2022)and there are a growing number of fast-food chains and concepts including Lotteria, McDonald's, and the new Korean-service restaurants that are heavy fried chicken concept chain stores. The emergence of delivery platforms such as Baedal Minjok and Yogiyo, in addition to a highly penetrated smartphone market has altered consumer behaviors and increased orders online. Increased demand for K-food signature items specifically tteokbokki and bulgogi burgers, has been influenced by a rise in the popularity of K-pop and Hallyu culture.
In addition, health-conscious trends are pushing fast-food chains to develop low-calorie and plant-based menu items. Generally speaking, the highly advanced technology infrastructure and competition to attract market share has led fast food chains to use competitive marketing strategies, take advantage of food delivery and incorporate loyalty apps to enhance customer engagement. The growing trend towards more drive-thru and 24-7 fast-food outlets also draws-in on-the-go consumers. Despite the perception of fast food as unhealthy, the infrastructure and local supply chain have developed quality-based perceived value for consumers, and are creating more on-demand offerings at affordable prices.
South Korea Fast Food Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest south korea fast food market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Product Type Insights:
- Pizza/Pasta
- Burger/Sandwich
- Chicken
- Asian/Latin American Food
- Seafood
- Others
End User Insights:
- Food-Service Restaurants
- Quick Service Restaurants
- Caterings
- Others
Country Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the south korea fast food industry.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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by vishalguptaimarc on 2025-06-24 08:53:30
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