South Korea Foodservice Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The South Korea Foodservice Market is Segmented by Type (Full-service Restaurants, Self-service Restaurants, Fast Food Restaurants, Street Stalls and Kiosks, Cafes and Bars, and 100% Home Delivery Restaurants); and Structure (Independent Consumer Foodservice and Chained Consumer Foodservice). The report offers market size and values in (USD million) during the forecasted years for the above segments.

South Korea Foodservice Market Size

South Korea Foodservice Market Summary
Study Period: 2017-2027
CAGR: 4.63 %

Major Players

South Korea Foodservice Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and it's growth?

South Korea Foodservice Market Analysis

The South Korean foodservice market is projected to register a CAGR of 4.63% over the next five years.

Over the long term, the increasing Western influence is expected to prompt South Korean consumers to opt for fusion foods and exotic blends of cuisine. Restaurants and cafes have quickly captured this trend and modified their offerings to suit consumers’ evolving palates. The restaurant sector in the country includes a wide variety of operators, ranging from American-style fast food chains to more traditional, family-owned, single-outlet restaurants. Tourism in South Korea has also increased since the pandemic. People have been traveling and visiting Korea for business trips, higher studies, and some just for tourism. According to Trade Economics data for 2022, South Korea's tourism revenue in February 2022 is USD 7,48,100 million.These factors are also driving the market, as tourists always try unique Korean dishes like kimbap, ramyeon, jajangmyeon, and many more.

Quick-service chain operators are well-represented in the channel. In the QSR channel, both domestic and international operators hold a significant market share. A large proportion of channel visitors indicated brand familiarity and habit as critical drivers for their choice of store, in addition to convenience-based factors. South Korea has one of the most vibrant coffee scenes in the world, with its capital, Seoul, boasting over 18,000 cafes. Thus, the cafes and bars segment is projected to witness significant growth during the forecast period.

South Korea Foodservice Industry Segmentation

Foodservice market means the business or companies that prepare meals outside the home. The South Korean foodservice market is segmented by type and structure. By type, the market is segmented into full-service restaurants, self-service restaurants, fast food restaurants, street stalls and kiosks, cafes and bars, and 100% home delivery restaurants. By structure, the market is segmented into independent consumer foodservice and chained consumer foodservice. For each segment, the market sizing and forecasts have been done based on value (in USD million).

Full-service Restaurants
Shelf-service Restaurants
Fast Food Restaurants
Street Stalls and Kiosks
Cafes and Bars
100% Home Delivery Restaurants
Independent Consumer Foodservice
Chained Consumer Foodservice

Report scope can be customized per your requirements. Click here.

South Korea Foodservice Market Trends

This section covers the major market trends shaping the South Korea Foodservice Market according to our research experts:

Growing Demand for Online Delivery Services of Meals

Convenience remains an important factor driving the eating habits of South Koreans with busy lifestyles. Hence, foodservice operators and other food manufacturers are developing more convenient and healthier food delivery options via online delivery. Moreover, the COVID-19 pandemic-induced restrictions accelerated the demand for online food delivery. Such evolving factors led to the emergence of several food delivery applications in the country as consumers registered burgeoning demand for online delivery of meals at their respective workplaces or homes. This trend created great opportunities for online food delivery applications to provide a differentiated order experience to consumers by adopting various strategies, such as offering discounts. The food delivery app market in South Korea is dominated by Woowa Brothers, followed by Delivery Hero. The food delivery apps are expanding their services as a part of their marketing strategy to penetrate the digital food market and capitalize on their position.

South Korea Foodservice Market: Average Monthly Household Expenditure on Food Delivery Services (%), South Korea, 2021

Surge in Demand for Fast Food Among Consumers

The fast-food restaurant segment was recorded as one of the fastest-growing segments in the South Korean foodservice market. The increased demand in the fast-food restaurant segment is highly associated with convenience. As Koreans are working longer hours, they are increasingly valuing the convenience of fast food while also incorporating healthy eating habits. The school-going students and kids are also busy with school; therefore, fast food is the best option for them during meal times. The fast food outlets in South Korea and other quick foodservice restaurants that offer a diverse range of menus at lower prices registered faster sales growth than other consumer foodservice outlets. The South Korean foodservice market is growing due to fast food operators actively launching set-meal menus at competitive prices and constantly offering diverse promotional discounts throughout the year. The expansion of international chains in the country is influencing more young consumers, inclined toward Western trends, to visit the outlets.

South Korea Foodservice Market: Consumption of Fast Food by High School Students (%), South Korea, 2018-2021

South Korea Foodservice Industry Overview

The South Korean foodservice market is highly competitive, with independent restaurants dominating by volume as they offer local cuisine. Local restaurants are trying to expand their presence by opening chain restaurants, where global players also hold a significant market share by value, in order to gain a competitive advantage by increasing the number of restaurants. Furthermore, to attract a higher number of consumers, an increasing number of foodservice providers are actively developing new products and launching innovative services, like online food ordering and customizing meal options. McDonald’s Corporation, SPC Group, Starbucks Corporation, and Lotte Group are some of the prominent players in the market studied.

South Korea Foodservice Market Leaders

  1. Domino’s Pizza

  2. Starbucks Corp.

  3. McDonald's Corp.

  4. Yum! Brands Inc.

  5. Restaurant Brands International Inc. 

*Disclaimer: Major Players sorted in no particular order

South Korea Foodservice Market Concentration

South Korea Foodservice Market News

  • January 2022: Burger King South Korea launched an "Angry Truffle Whopper" that reflects the tastes of domestic consumers. The new launch marks the start of the company’s plans to aggressively launch a new menu.
  • December 2021: Genesis BBQ Group announced that it had enhanced its app (the BBQ app) by adding a new feature for using Gift Icons (e-coupons).
  • December 2021: Domino’s started offering a three-course meal in the form of a pizza with its new Master Triple Course Pizza in South Korea. The new item consists of three sections: the appetizer section has tomato compote with white balsamic sauce and ricotta cheese; the main entree section consists of shrimp and flower squid; and the dessert portion is small cubes of cheesecake with sweet potatoes and Fromage Blanc cream cheese mousse.

South Korea Foodservice Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Full-service Restaurants

      2. 5.1.2 Shelf-service Restaurants

      3. 5.1.3 Fast Food Restaurants

      4. 5.1.4 Street Stalls and Kiosks

      5. 5.1.5 Cafes and Bars

      6. 5.1.6 100% Home Delivery Restaurants

    2. 5.2 Structure

      1. 5.2.1 Independent Consumer Foodservice

      2. 5.2.2 Chained Consumer Foodservice


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Yum! Brands Inc.

      2. 6.3.2 Starbucks Corporation

      3. 6.3.3 McDonald's Corporation

      4. 6.3.4 Domino's Pizza Inc.

      5. 6.3.5 Restaurant Brands International Inc.

      6. 6.3.6 Balwoo Gongyang

      7. 6.3.7 CJ Group

      8. 6.3.8 Bloomin' Brands

      9. 6.3.9 SPC Group

      10. 6.3.10 Genesis BBQ Group

      11. 6.3.11 Lotte Group

    4. *List Not Exhaustive

**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

South Korea Foodservice Market Research FAQs

The South Korea Foodservice Market is studied from 2017 - 2027.

The South Korea Foodservice Market is growing at a CAGR of 4.63% over the next 5 years.

Domino’s Pizza, Starbucks Corp., McDonald's Corp., Yum! Brands Inc., Restaurant Brands International Inc. are the major companies operating in South Korea Foodservice Market.

South Korea Foodservice Industry Report

Statistics for the 2023 South Korea Foodservice market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Foodservice analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!