Sales of tortilla in Korea are expected to be worth US$ 344.4 million in 2023. The perception of tortilla as a healthier alternative to traditional Korean carbohydrate-rich dishes has significantly contributed to industry expansion at a CAGR of 8.6% through 2023.
Demand for tortilla in Korea is poised for rapid growth, with sales surpassing US$ 789.3 million by 2033. The increasing adoption of vegetarian and vegan diets among specific segments of the Korean population has fueled the demand for tortilla. Tortilla products are anticipated to witness swift adoption due to their suitability for creating plant-based and meat-free meal alternatives that align with evolving dietary preferences and lifestyles.
Attributes | Details |
---|---|
Industry Size for Korea in 2023 | US$ 344.4 million |
Expected Industry Size for Korea by 2033 | US$ 789.3 million |
Forecasted CAGR between 2023 to 2033 | 8.6% |
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The increasing popularity of plant-based diets and the growing awareness of the benefits of incorporating more plant-based foods into one's diet have contributed to the surge in demand for tortilla. This is because they serve as a versatile base for creating diverse and flavorful vegetarian and vegan dishes.
The flourishing street food culture in Korea has led to heightened demand for portable and handheld meal options. Tortilla has emerged as a favored choice for street vendors and food trucks to create an array of delicious and convenient on-the-go snacks and meals.
The influence of culinary tourism, with an increasing number of Koreans exploring international cuisines during their travels abroad, has fueled the demand for tortilla upon their return. They seek to replicate the flavors and experiences they encountered during their culinary adventures.
The growing trend of home cooking and do-it-yourself (DIY) culinary projects has contributed to the increased demand for tortilla. Korean consumers actively seek out versatile and easy-to-use ingredients to recreate their favorite international dishes in the comfort of their own kitchens.
The influence of celebrity chefs and popular cooking shows featuring international cuisines has heightened consumer interest in experimenting with different culinary styles and flavors. This has driven the demand for tortilla as an essential component in creating diverse and innovative dishes inspired by global culinary trends.
The section provides an analysis of the rising demand for tortilla in Korea based on different product and process types. This segment presents crucial data on the industry share of flour tortilla and the adoption of tortilla in Korea by various process types. Through this analysis, companies can gain valuable insights into the specific product and process preferences in Korea.
Demand for Tortilla in Korea Based on Product Type | Flour Tortilla |
---|---|
Industry Share in 2023 | 46.10% |
Flour tortilla holds a dominant share of 46.10% in 2023, highlighting their widespread preference and prevalence in Korean cuisine.
Adoption of Tortilla in Korea by Process Type | Fresh |
---|---|
Industry Share in 2023 | 63.70% |
Fresh tortilla commands a substantial share of 63.70% in Korea as of 2023, signifying the strong consumer preference for freshly made tortilla products in the local industry.
The tortilla industry in Korea is highly competitive, with companies offering a wide range of tortilla products, including corn tortilla, flour tortilla, and whole wheat tortilla. They also offer a variety of flavors and seasonings to meet the diverse tastes of Korean consumers.
Key Players' Strategies:
Key players in the tortilla industry in Korea are using a variety of strategies to stay ahead of the competition. These strategies include,
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There are several investment opportunities for new entrants in the tortilla industry in Korea. The industry is growing rapidly, with a growing demand for tortilla products. New entrants can focus on developing niche products or targeting specific consumer segments. For example, a company could develop a line of tortilla products made with organic ingredients or a line of tortilla products that are specifically designed for children. New entrants and leading players can also focus on developing innovative technologies to improve the production and distribution of tortilla products. For example, a company could develop a new type of tortilla that is more durable and less likely to break.
Recent Developments by Companies Offering Tortilla in Korea
Attribute | Details |
---|---|
Estimated Industry Size in 2023 | US$ 344.4 million |
Projected Industry Size by 2033 | US$ 789.3 million |
Anticipated CAGR between 2023 to 2033 | 8.6% CAGR |
Historical Analysis of Demand for Tortilla in Korea | 2018 to 2022 |
Demand Forecast for Tortilla in Korea | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Tortilla in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
Key Companies Profiled |
|
The industry size of tortilla in Korea is valued at US$ 344.4 million in 2023.
Tortilla sales are forecasted to expand at a CAGR of 8.6% through 2033 in Korea.
The primary drivers of the demand for tortilla in Korea include culinary fusion and convenience-oriented meal options
The key cities covered in the sales analysis tortilla in Korea include South Gyeongsang, North Jeolla, South Jeolla, and Jeju.
Supermarkets are likely to be the top distribution channels for tortilla sales in Korea.
Some key players in Korea's tortilla industry include CJ CheilJedang, Ottogi, and Pulmuone.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Corn
5.3.2. Flour
5.3.3. Tortills Chips
5.3.4. Wraps
5.3.5. Soup
5.3.6. Taco Shell
5.3.7. Tostadas
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Nature, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Nature, 2023 to 2033
6.3.1. Organic
6.3.2. Conventional
6.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Source Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Source Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Source Type, 2023 to 2033
7.3.1. Corn
7.3.2. Wheat
7.4. Y-o-Y Growth Trend Analysis By Source Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Source Type, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Process Type
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Process Type, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Process Type, 2023 to 2033
8.3.1. Fresh
8.3.2. Frozen
8.4. Y-o-Y Growth Trend Analysis By Process Type, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Process Type, 2023 to 2033
9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Sales Channel, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Sales Channel, 2023 to 2033
9.3.1. B2B
9.3.2. Retail Sales
9.3.2.1. Hypermarket/Supermarkets
9.3.2.2. Convenience Stores
9.3.2.3. Discount Stores
9.3.2.4. Traditional Grocery Retailers
9.3.2.5. Food & Drink Specialty Stores
9.3.2.6. Independent Small Groceries
9.3.2.7. Online Retailing
9.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Region, 2018 to 2022
10.3. Current Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Region, 2023 to 2033
10.3.1. South Gyeongsang
10.3.2. North Jeolla
10.3.3. South Jeolla
10.3.4. Jeju
10.3.5. Rest of Korea
10.4. Market Attractiveness Analysis By Region
11. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Product Type
11.2.2. By Nature
11.2.3. By Source Type
11.2.4. By Process Type
11.2.5. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Product Type
11.3.2. By Nature
11.3.3. By Source Type
11.3.4. By Process Type
11.3.5. By Sales Channel
11.4. Key Takeaways
12. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Product Type
12.2.2. By Nature
12.2.3. By Source Type
12.2.4. By Process Type
12.2.5. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Product Type
12.3.2. By Nature
12.3.3. By Source Type
12.3.4. By Process Type
12.3.5. By Sales Channel
12.4. Key Takeaways
13. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Product Type
13.2.2. By Nature
13.2.3. By Source Type
13.2.4. By Process Type
13.2.5. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Product Type
13.3.2. By Nature
13.3.3. By Source Type
13.3.4. By Process Type
13.3.5. By Sales Channel
13.4. Key Takeaways
14. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Product Type
14.2.2. By Nature
14.2.3. By Source Type
14.2.4. By Process Type
14.2.5. By Sales Channel
14.3. Market Attractiveness Analysis
14.3.1. By Product Type
14.3.2. By Nature
14.3.3. By Source Type
14.3.4. By Process Type
14.3.5. By Sales Channel
14.4. Key Takeaways
15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
15.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Product Type
15.2.2. By Nature
15.2.3. By Source Type
15.2.4. By Process Type
15.2.5. By Sales Channel
15.3. Market Attractiveness Analysis
15.3.1. By Product Type
15.3.2. By Nature
15.3.3. By Source Type
15.3.4. By Process Type
15.3.5. By Sales Channel
15.4. Key Takeaways
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product Type
16.3.3. By Nature
16.3.4. By Source Type
16.3.5. By Process Type
16.3.6. By Sales Channel
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. NONGSHIM CO., LTD
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Paldo Co., Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Grupo Bimbo SAB de CV
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. General Mills
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Aranda's Company Inc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Ole Mexican Foods Inc
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Easy Foods Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Gruma SAB de CV
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. GRUMA
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. La Factory
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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