South Korea Consumer Packaged Goods Market

South Korea Consumer Packaged Goods Market Insights Forecasts to 2035

• The South Korea Consumer Packaged Goods Market Size Was Estimated at USD 101566.6 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 4.28% from 2025 to 2035
• The South Korea Consumer Packaged Goods Market Size is Expected to Reach USD 161093.9 Million by 2035

According to a research report published by Decision Advisors, the South Korea Consumer Packaged Goods Market is anticipated to reach USD 161093.9 million by 2035, growing at a CAGR of 4.28% from 2025 to 2035. The consumer packaged goods market in South Korea is driven by various factors, including rising demand for convenient and ready-to-consume products, increasing disposable income, and product innovation and premiumization trends.

Market Overview

Consumer packaged goods, also known as fast-moving consumer goods. This market includes products that customers use on a daily basis and replace frequently owing to their shelf life or rapid consumption. These products are often low-cost, offered in bulk, and available through retail, supermarkets, and online channels. Consumer packaged goods includes food and beverages, personal care items, cleaning supplies, and household essentials. Urbanization and increasingly busy lifestyles in South Korea are driving strong demand for convenient, ready-to-eat, and on-the-go consumer packaged goods. As more people live in cities and work long hours, they prefer products that save time, offer portability, and fit into fast-paced daily routines, boosting overall market growth. Rising demand for clean-label products is one of the key trends for this market. Rising environmental consciousness provides an opportunity for firms to innovate with recyclable packaging solutions, enhancing sustainability, brand image, and consumer appeal in the South Korean CPG market.

Report Coverage

This research report categorizes the market for the South Korea consumer packaged goods market based on various segments and regions, and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea consumer packaged goods market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea consumer packaged goods market.

Driving Factors

Rising disposable income drives demand for premium, branded, and convenient packaged goods as consumers spend more on quality and lifestyle products. The people are becoming more aware of health and wellness, which raises preferences for organic, functional, and clean-label products, which further drive the market growth. Additionally, digital influence and sustainability focus further drive the market growth.

Restraining Factors

Rising raw material and packaging costs increase production expenses, which further reduce profit margins and restrain growth in South Korea's CPG market. Additionally, strict government regulations further limit the market growth.  

Market Segmentation

The South Korea consumer packaged goods market share is classified into product Type and packaging format.   

• The food and beverage segment held the largest share of the market in 2024 and is expected to grow at a rapid CAGR during the forecast period.    

The South Korea consumer packaged goods market is segmented by product type into cosmetics and personal care products, household care products, healthcare products, food and beverage, and other. Among these, the food and beverage segment held the largest share in 2024 and is anticipated to grow at a rapid CAGR during the forecast period. This is due to rising health awareness, demand for convenience foods, and rapid urbanization. Additionally, product innovations and the expansion of online grocery platforms play a vital role in segmental growth.

• The rigid segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The South Korea consumer packaged goods market is segmented by packaging format into rigid and flexible. Among these, the rigid segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segmental growth is attributed to its durability, product protection, and cost efficiency. Additionally, increasing demand for bottled beverages also drives the segmental growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea consumer packaged goods market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• CJ CheilJedang
• Nongshim
• Ottogi
• Lotte Group
• Dongwon F&B
• Daesang Holdings
• AmorePacific
• Samyang Foods
• Procter & Gamble
• Unilever
• Coca-Cola
• Mondelez International
• Kraft Heinz  
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the South Korea, regional, and country levels from 2020 to 2035. Decision Advisors has segmented the South Korea Consumer Packaged Goods market based on the below-mentioned segments:

South Korea Consumer Packaged Goods Market, By Product Type

• Cosmetics and Personal Care Products
• Household Care Products
• Healthcare Products
• Food and Beverage
• Other

South Korea Consumer Packaged Goods Market, By Packaging Format

• Rigid
• Flexible