South Korea Ready-to-Drink Coffee Market to Grow at a CAGR of 5.90% During 2026-2035, Aided by Changing Consumer Preferences and Hectic Lifestyles

With the hectic schedules and growing demand for tasty and convenient beverages, there's a growing demand for ready-to-drink options like coffee. This trend aligns with the broader shift towards convenient, packaged foods, making ready-to-drink coffee an appealing alternative to sugary soft drinks. Its availability in various retail outlets further contributes to its widespread adoption among consumers seeking convenient beverage options, thereby aiding the South Korea ready-to-drink coffee market development.

The significant increase in coffee imports in South Korea highlights the increasing consumption of coffee in the country. According to the International Trade Center (ITC), the import of coffee increased by 67.9% from 2019 to 2023. In 2023, coffee imports accounted for USD 1.11 billion, which was only USD 0.66 billion in 2019.

South Korea Coffee Import, in USD Billion, 2019-2023

In addition, changing consumer preferences are supporting the market demand for ready-to-drink coffee. There is a rise in demand for plant-based ready-to-drink coffee from consumers who cannot consume dairy products due to certain health condition or those who lead a vegan lifestyle. This is encouraging manufacturers to diversify products and make them available in supermarkets and convenience stores.

Korean consumers seek diverse flavours in grab-and-go coffee, supported by increasing disposable income and improved living standards. The rising eco-consciousness among consumers is driving the adoption of sustainable packaging. New brands enter the market, spurred by technological advancements, competition, and innovative products. In December 2022, Nuzee, a provider of coffee packaging and private labels, launched its Coldpresso line of ready-to-drink coffee in South Korea through online retailer Market Kurly. This move is part of the company's strategy to broaden its product range for Korean consumers and capitalise on the nation's preference for cold beverages, particularly among younger consumers.

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Market Breakup by Packaging and Distribution Channels:

• The market is segmented based on packaging into bottles, cans, and others. 
• Based on distribution channels, the market can be divided into supermarkets and hypermarkets, convenience stores, specialty stores, and online stores, among others.

Key Findings of the Report:

• Increasing disposable income and improved living standards are supporting the demand for ready-to-drink coffee.
• Increasing demand for coffee in South Korea is favouring the ready-to-drink coffee market. According to ITC, coffee imports in the country increased by 67.9% from 2019 to 2023. 
• The shift in consumer preferences is shaping the market dynamics, adding to the demand for plant-based options and sustainable packaging.
• The market benefits from the introduction of new products, with several companies launching innovative products to meet the evolving customer demand.

Key Offerings of the Report:

• The EMR report gives an overview of the South Korea ready-to-drink coffee market for the periods (2019-2025) and (2026-2035).
• The report also offers historical (2019-2025) and forecast (2026-2035) market information for the packaging and distribution channel of ready-to-drink coffee.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Top Players

• Nestle SA
• Dongsuh Companies Inc.
• Lotte Chilsung Beverage Co.,Ltd
• Namyang Dairy Products CO.,LTD
• Maeil Co.Ltd
• Others

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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