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The South Korea Chocolate Market size is forecast to increase by USD 155.52 million, at a CAGR of 4.39% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends and challenges. One notable trend is the increasing demand for premium and high-quality chocolate, with consumers seeking out products made with higher cocoa solids, milk powder, and sugar content. This premiumization trend is reflected in the popularity of milk chocolate and white chocolate segments. Additionally, mental health issues such as depression, anxiety, and stress are leading to a growing interest in the use of chocolate as a comfort food and source of emotional well-being. However, health concerns related to diabetes and obesity are also influencing consumer preferences, driving demand for plant-based and vegan chocolate options. Furthermore, collaborations with celebrities and influencers are increasingly common marketing strategies to boost brand awareness and appeal to younger generations. The flavour profile of chocolate remains a significant factor, with childhood memories and nostalgia playing a role in consumer preferences for certain chocolate bars and liquid chocolate varieties.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Product Type
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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