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 |
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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 |
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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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