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Report Overview
The South Korea alcoholic beverages market reached a value of approximately USD 27.69 Billion in 2025. The market is projected to grow at a CAGR of 4.80% between 2026 and 2035, reaching a value of around USD 44.25 Billion by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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The functional food and beverages experienced a growth of a CAGR of 1.9% between 2018 and 2022.
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In 2022, soft drinks accounted for 84% of the FF beverages market, totalling USD 498.4 million.
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According to NZTE, between 2018 and 2024, South Korea's food and beverages sector experienced steady growth, with a CAGR of 4%.
Leading Manufacturers in the South Korea Alcoholic Beverages Market
The beverage companies produce and offer various beverages including vodka, rum, beer, wine, liqueurs, and others of different brands.
Diageo Plc: Founded in 1997 and is a North America-based company. The company offers various brand products including scotch whiskey, vodka, tequila, gin, rum, beer, wine, liqueurs, and no and low alcohol.
Lotte Chilsung Beverage Co., Ltd: Established in 1950 and is headquartered in Seoul, South Korea. The company offers beverages and liquor products under various brands including Chilsung Cider, Pepsi-Cola, Del Monte, Milkis, and others.
Casillero del Diablo: Founded in 2009 and epitomizes the excellence of the Chilean wine sector, consistently delivering quality since its inception. The wine brands offered by the company include Reserva, Red Blend, Devil’s Carnaval, and others.
Pernod Richard S.A.: Established in 1975 and is a Paris, Ile-de-France-based company. The company is the world's premier provider of high-quality spirits, distributing favourite beverage brands to over 160 countries.
Other South Korea alcoholic beverages market key players are Anheuser-Busch InBev NV, HiteJinro Co., Ltd, Heineken NV, Oriental Brewery Co., Anheuser-Busch InBev SA/NV, Carlsberg A/S, Jeju Beer Co., Ltd., Beam Suntory Inc, Muhak Co Ltd, Molson Coors Beverage Company, and Asahi Group Holdings Ltd, among others.
South Korea Alcoholic Beverages Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 27.69 Billion in 2025.
The market is projected to grow at a CAGR of 4.80% between 2026 and 2035.
The revenue generated from the South Korea alcoholic beverages market is expected to reach USD 44.25 Billion in 2035.
The market is categorised according to the type, which includes beer, traditional spirits, whiskey, white spirits, wine, rum, tequila and mescal, liqueurs, and brandy and cognac.
The market key players are Diageo Plc, Lotte Chilsung Beverage Co., Ltd., Casillero del Diablo, Pernod Richard S.A., Anheuser-Busch InBev NV, HiteJinro Co., Ltd, Heineken NV, Oriental Brewery Co., Carlsberg A/S, Jeju Beer Co., Ltd., Beam Suntory Inc, Muhak Co Ltd, Molson Coors Beverage Company, and Asahi Group Holdings Ltd, among others.
Based on the end-use, the market is divided into pubs, bars, restaurants, and retail.
Based on the distribution channel, the market is divided into hypermarkets and supermarkets, convenience stores, speciality stores, department stores and others.
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