Reports
Reports
Sale
The South Korea alcoholic beverages market size reached a value of more than USD 25.21 billion in 2023. The South Korea alcoholic beverages industry is expected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of USD 33.42 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Any fermented beverage that contains the intoxicating ingredient ethanol (CH3CH2OH), such as beer, wine, or distilled spirits, is considered to be an alcoholic beverage. Drinking, or the intake of alcoholic beverages, has a significant social significance in Korean culture.
The rise in the number of young adults throughout the world, the rise in disposable income, high living standards, and the rise in demand for a premium or high-end alcoholic beverages are what are fueling the expansion of the alcoholic beverage market in South Korea. Furthermore, millennials and generation Z consumers try to taste and experience new flavours and unique products which will also aid the market growth. The market development is anticipated to be constrained by the growing demand for non-alcoholic drinks, which is driven by rising health concerns.
The rising popularity of craft beer has led to the emergence of numerous craft breweries in the country, offering a wide range of styles and flavours to customers. Many international players have also entered the market, making the alcoholic beverage market quite competitive in South Korea. Apart from beer, one of the most consumed alcoholic beverages in South Korea is soju, a traditional Korean alcohol that is widely consumed by the old generation as well as the young generation. Variants such as fruit-flavoured soju and low-alcohol beer are also gaining traction in the country.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on type, the South Korea alcoholic beverages market is segmented into beer, traditional spirits, whiskey, white spirits, wine, rum, tequila and mescal, liqueurs, and brandy and cognac. The traditional spirits segment is sub segmented into Shochu/soju and maesilju, among others. The white spirits segment is sub-divided into vodka and gin. The wine segment if further classified into red wine, white wine, and sparkling wine. On the basis of distribution channel, the alcoholic beverages market is bifurcated into hypermarkets and supermarkets, convenience stores, specialty stores, and department stores, among others.
The increasing disposable income, government regulations, and changing consumer behaviour are shaping the alcoholic drinks market in South Korea. The demand for unique, flavoured, premium and healthier variants will continue to propel during the forecast period. Soju, which is a distilled spirit, has alcoholic content ranging from 16%-53% and holds a significant market share followed by beer. Some of the most prominent brands are Hite, OB, and Cass, among others. Other alcoholic drinks such as brandy, whiskey, and wine are also available in South Korea but they're very costly and less popular than beer and soju. However, bars and restaurants offer various mixed drinks and cocktails which are also in vogue among the young generation in South Korea.
Alcohol is easily available at offline retail stores such as supermarkets, convenience stores, department stores, among others. Several producers of sell the alcoholic beverages directly to the consumers via their offline and online stores. Existing alcoholic beverage businesses are continuously developing plans to either introduce their own craft beer line or buy out rival brands or labels. They now have access to various marketing strategies and small brewers' distribution networks. Producers of alcoholic beverages are enhancing their sales and distribution methods, including online and retail shops. This has a large positive impact on the market for alcoholic beverages.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Heineken NV- Dutch brewing business Heineken N.V. is headquartered in Amsterdam. Heineken is the world's second-largest beer manufacturer and Gerard Adriaan founded it in the year 1864. Around 170 beer brands, including Heineken, Tiger Beer, Strongbow, Amstel, Zagorka, and Dos Equis, are owned by Heineken International.
Asahi Group Holdings Ltd- The Osaka Beer Company, the predecessor to Asahi, was established in Osaka in 1889. Alcoholic beverages, soft drinks, and food items are produced, marketed, and sold by Asahi Group Holdings Ltd. Whiskey, tea, spirits, wine, ready-to-drink (RTD) beverages, coffee, beer, water, carbonated drinks, and fruit drinks are among the company's product offerings. The business sells its goods both domestically and abroad.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by End Use |
|
Breakup by Distribution Channel |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South Korea Alcoholic Beverages Market Overview
8.1 Key Industry Highlights
8.2 South Korea Alcoholic Beverages Historical Market (2018-2023)
8.3 South Korea Alcoholic Beverages Market Forecast (2024-2032)
9 South Korea Alcoholic Beverages Market by Type
9.1 Beer
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.1.4 Breakup by Packaging Type
9.1.4.1 Bottle
9.1.4.2 Can
9.2 Traditional Spirits
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
9.2.4 Breakup by Type
9.2.4.1 Shochu/soju
9.2.4.2 Maesilju
9.2.4.3 Others
9.3 Whiskey
9.3.1 Market Share
9.3.2 Historical Trend (2018-2023)
9.3.3 Forecast Trend (2024-2032)
9.4 White Spirits
9.4.1 Market Share
9.4.2 Historical Trend (2018-2023)
9.4.3 Forecast Trend (2024-2032)
9.4.4 Breakup by Type
9.4.4.1 Vodka
9.4.4.2 Gin
9.5 Wine
9.5.1 Market Share
9.5.2 Historical Trend (2018-2023)
9.5.3 Forecast Trend (2024-2032)
9.5.4 Breakup by Type
9.5.4.1 Red Wine
9.5.4.2 White Wine
9.5.4.3 Sparkling Wine
9.6 Rum
9.6.1 Market Share
9.6.2 Historical Trend (2018-2023)
9.6.3 Forecast Trend (2024-2032)
9.7 Tequila and Mescal
9.7.1 Market Share
9.7.2 Historical Trend (2018-2023)
9.7.3 Forecast Trend (2024-2032)
9.8 Liqueurs
9.8.1 Market Share
9.8.2 Historical Trend (2018-2023)
9.8.3 Forecast Trend (2024-2032)
9.9 Brandy and Cognac
9.9.1 Market Share
9.9.2 Historical Trend (2018-2023)
9.9.3 Forecast Trend (2024-2032)
10 South Korea Alcoholic Beverages Market by End Use
10.1 Pub, Bars, and Restaurants
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Retail
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
11 South Korea Alcoholic Beverages Market by Distribution Channel
11.1 Hypermarkets and Supermarkets
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 Speciality Stores
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 Department Stores
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Anheuser-Busch InBev NV
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 HiteJinro Co., Ltd
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Heineken NV
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Oriental Brewery Co.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Lotte Chilsung Beverage Co., Ltd
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Casillero del Diablo
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Anheuser-Busch InBev SA/NV
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Carlsberg A/S
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Jeju Beer Co., Ltd.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Beam Suntory Inc
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Muhak Co Ltd
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 Diageo Plc
13.2.12.1 Company Overview
13.2.12.2 Product Portfolio
13.2.12.3 Demographic Reach and Achievements
13.2.12.4 Certifications
13.2.13 Molson Coors Beverage Company
13.2.13.1 Company Overview
13.2.13.2 Product Portfolio
13.2.13.3 Demographic Reach and Achievements
13.2.13.4 Certifications
13.2.14 Pernod Richard S.A.
13.2.14.1 Company Overview
13.2.14.2 Product Portfolio
13.2.14.3 Demographic Reach and Achievements
13.2.14.4 Certifications
13.2.15 Asahi Group Holdings Ltd
13.2.15.1 Company Overview
13.2.15.2 Product Portfolio
13.2.15.3 Demographic Reach and Achievements
13.2.15.4 Certifications
13.2.16 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Alcoholic Beverages Market: Key Industry Highlights, 2018 and 2032
2. South Korea Alcoholic Beverages Historical Market: Breakup by Type (USD Million), 2018-2023
3. South Korea Alcoholic Beverages Market Forecast: Breakup by Type (USD Million), 2024-2032
4. South Korea Alcoholic Beverages Historical Market: Breakup by End Use (USD Million), 2018-2023
5. South Korea Alcoholic Beverages Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. South Korea Alcoholic Beverages Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. South Korea Alcoholic Beverages Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. South Korea Alcoholic Beverages Market Structure
In 2023, the South Korea alcoholic beverages market attained a value of nearly USD 25.21 billion.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 33.42 billion by 2032.
The increasing disposable income, changing consumer behaviour, high living standards, government regulations, and the launch of new flavours and unique products are the major industry drivers.
The rising popularity of craft beer, rise in demand for a premium or high-end alcoholic beverages, and high preference for soju and beer are the key trends of the South Korea alcoholic beverages market.
The dominant type of alcoholic beverages in the industry are beer, traditional spirits, whiskey, white spirits, wine, rum, tequila and mescal, liqueurs, and brandy and cognac.
The leading distribution channels in the market are hypermarkets and supermarkets, convenience stores, specialty stores, and department stores, among others.
The major players in the industry are Anheuser-Busch InBev NV, HiteJinro Co., Ltd., Heineken NV, Oriental Brewery Co., Lotte Chilsung Beverage Co., Ltd., Casillero del Diablo, Anheuser-Busch InBev SA/NV, Carlsberg A/S, Jeju Beer Co., Ltd., Beam Suntory Inc., Muhak Co Ltd, Diageo Plc, Molson Coors Beverage Company, Pernod Richard S.A., and Asahi Group Holdings Ltd, among others.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.