South Korea Food Gifting Market Research Report, 2029

The tradition of food gifting in South Korea is deeply rooted in the country’s rich cultural heritage and social customs. Historically, food has played a significant role in expressing gratitude, respect, and goodwill among individuals and families. One of the oldest forms of food gifting is the practice of “jeong”, which embodies the warmth and affection shared through food. During the Goryeo Dynasty (918–1392), the act of presenting food items, especially rice and grains, as gifts was commonplace, symbolizing abundance and prosperity. As Confucian values permeated Korean society, food gifting became intertwined with rituals and ceremonies, particularly during significant events like weddings, birthdays, and the Lunar New Year. Over the years, the emergence of modernity and globalization has further transformed food gifting practices in South Korea. The 20th century saw a shift towards more commercialized forms of gifting, particularly with the rise of department stores and specialty shops offering beautifully packaged food products. The popularity of “gift sets,” particularly during holidays and special occasions, became a common practice. These sets often include a variety of traditional snacks, teas, and health products. As the nation embraced technological advancements in the 21st century, online platforms began to play a pivotal role in food gifting, making it easier for consumers to purchase and send gifts to loved ones. Today, food gifting in South Korea is a dynamic blend of traditional values and contemporary trends, reflecting both the country’s culinary heritage and the evolving preferences of modern consumers. According to the research report "South Korea Food Gifting Market Research Report, 2029," published by Actual Market Research, the South Korea Food Gifting market was valued at more than USD 620 Million in 2023. The market dynamics are influenced by various factors, including the growing trend of gifting as a social practice, particularly during holidays and special occasions. Seasonal gifting, especially during the Chuseok (Korean Thanksgiving) and Seollal (Lunar New Year), sees a significant surge in demand for premium food products that reflect cultural traditions. Additionally, the rise of e-commerce and online grocery shopping has revolutionized the food gifting landscape, allowing consumers to easily access a wide range of products and customize their gifts. This shift has been further accelerated by the COVID-19 pandemic, which prompted more people to seek convenient online options for gifting. Furthermore, an increasing focus on health and wellness among South Korean consumers has spurred the demand for organic, low-sugar, and functional food gifts that align with modern dietary preferences. As companies respond to these trends by offering innovative and premium food gifting options, the market is poised for continued growth, making food gifting a meaningful and popular choice among South Koreans across various demographics.

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Consumer tastes and preferences in the South Korean food gifting market are heavily influenced by cultural values, health consciousness, and the desire for premium quality. South Koreans place a high value on the aesthetics of food presentation, which is evident in the popularity of beautifully packaged gift sets that include an array of high-quality items. Traditional foods, such as “hanbang” (herbal medicine) products, dried fish, and specialty teas, are highly sought after during festive seasons, reflecting the country’s culinary heritage and cultural significance. In recent years, there has been a noticeable shift towards healthier food options, with consumers increasingly favoring organic, low-calorie, and functional foods that offer health benefits. This trend aligns with the growing awareness of health and wellness in South Korea, prompting food gifting companies to innovate and diversify their product offerings. Additionally, personalization has emerged as a key driver in consumer preferences, with many seeking customized gift options that reflect the recipient's tastes and dietary restrictions. This demand for tailored experiences is facilitated by advancements in e-commerce platforms that allow for easy customization of food gifts. Furthermore, younger consumers are more inclined to experiment with unique and international flavors, expanding their palate beyond traditional offerings. The South Korean food gifting market can be segmented into several distinct categories, each catering to specific occasions and consumer preferences. One of the most prominent segments is seasonal gifting, which peaks during traditional holidays such as Chuseok and Seollal. During these periods, food gifts often include a variety of traditional items, such as rice cakes (tteok), dried fruits, and health supplements, symbolizing respect and appreciation for family and ancestors. Corporate gifting also represents a significant segment of the market, with businesses frequently selecting premium food gifts for clients and employees as tokens of gratitude. This segment often features high-quality gift sets, including luxury snacks, wines, and health-oriented products, reinforcing professional relationships. Additionally, personal celebrations such as birthdays, weddings, and anniversaries contribute to the food gifting market, with consumers seeking special treats that resonate with the recipient’s tastes. This segment often includes a mix of traditional and contemporary food items, catering to diverse preferences. Another growing segment includes health-conscious food gifts, where products such as organic snacks, low-sugar treats, and functional foods are increasingly in demand. The rise of online retail channels has also allowed for the emergence of niche markets, including vegan and gluten-free food gifting options, appealing to a broader audience. Considered in this report • Geography: Global • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Kripa Shah

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Aspects covered in this report • Global Food Gifting Market with its value and forecast along with its segments • Region & country wise Food Gifting market analysis • Application wise Food Gifting distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product type • Confectionery • Fresh & Dried Fruits (Healthy and Organic Foods) • Bakery & Pastry/sweets Products • Beverages (Wines, Tea, Coffee, etc) • Others By Occasion • Festive/seasonal Gifting • Corporate Gifting • Birthday & Anniversaries • Others

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By Distribution Channel • Offline • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.