South Korea Reduced Sugar Food & Beverages Market Size & Outlook

The reduced sugar food & beverages market in South Korea is expected to reach a projected revenue of US$ 1,568.7 million by 2030. A compound annual growth rate of 11.2% is expected of South Korea reduced sugar food & beverages market from 2024 to 2030.
Revenue, 2023 (US$M)
$747.3
Forecast, 2030 (US$M)
$1,568.7
CAGR, 2024 - 2030
11.2%
Report Coverage
South Korea

South Korea reduced sugar food & beverages market highlights

  • The South Korea reduced sugar food & beverages market generated a revenue of USD 747.3 million in 2023 and is expected to reach USD 1,568.7 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
  • In terms of segment, beverages was the largest revenue generating product in 2023.
  • Snacks is the most lucrative product segment registering the fastest growth during the forecast period.


Reduced sugar food & beverages market data book summary

Market revenue in 2023USD 747.3 million
Market revenue in 2030USD 1,568.7 million
Growth rate11.2% (CAGR from 2023 to 2030)
Largest segmentBeverages
Fastest growing segmentSnacks
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBakery, Beverages, Confectionery, Dairy, Snacks
Key market players worldwideJM Smucker Co, Bayer AG, Nestle SA, The Hain Celestial Group Inc, Unilever PLC, NOW Foods, Givaudan SA, Cargill, The Coca-Cola Company, PepsiCo Inc, Danone SA, Mondelez International Inc Class A, Alchemy Foodtech


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.4% of the global reduced sugar food & beverages market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China reduced sugar food & beverages market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,765.3 million by 2030.

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Reduced Sugar Food & Beverages Market Companies

Name Profile # Employees HQ Website

South Korea reduced sugar food & beverages market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to reduced sugar food & beverages market will help companies and investors design strategic landscapes.


Beverages was the largest segment with a revenue share of 43.45% in 2023. Horizon Databook has segmented the South Korea reduced sugar food & beverages market based on bakery, beverages, confectionery, dairy, snacks covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea reduced sugar food & beverages market databook

  • Our clientele includes a mix of reduced sugar food & beverages market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea reduced sugar food & beverages market , including forecasts for subscribers. This country databook contains high-level insights into South Korea reduced sugar food & beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea reduced sugar food & beverages market size, by product, 2018-2030 (US$M)

South Korea Reduced Sugar Food & Beverages Market Outlook Share, 2023 & 2030 (US$M)

South Korea reduced sugar food & beverages market size, by product, 2018-2030 (US$M)

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