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South Korea Ready-To-Drink Coffee Market Share, Size, Insights, Trends, Growth, Analysis, Forecast: By Packaging: Bottles, Cans, Other; By Distribution Channels: Supermarkets and Hypermarkets, Convenience Store, Specialty Stores, Online Stores, Others; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2023-2028

South Korea Ready-to-Drink Coffee Market Outlook

The South Korea ready-to-drink coffee market reached a value of about USD 1.35 billion in 2021. The industry is further anticipated to grow at a CAGR of about 5.9% in the forecast period of 2023-2028 to reach a value of around USD1.90 billion by 2027. 

 

The Thriving Popularity of Ready-To-Drink Coffee Among Fitness-Conscious People and Enhanced Preference for Convenience Foods Among the Korean Population

Ready-to-drink coffee is gaining popularity among young and middle-aged working people since it is an excellent source of instant energy. Furthermore, the increased awareness regarding health and fitness has pushed more young people to participate in sports, gyms, and physical activities, thus increasing the need and demand for more Ready-to-Drink supplements and beverages. Ready-to-Drink coffee has long been promoted as a healthy pre-and post-workout beverage, with many brands using the coffee's naturally occurring antioxidant content. Cans and cartons of Ready-to-Drink coffee can be purchased in places where normal coffee drinks are unavailable, such as supermarkets and vending machines.

 

The ready-to-drink coffee market is expanding rapidly due to a rapid shift in consumer preference for convenience meals combined with packaged foods. Ready-to-Drink coffee can be utilised to appeal to consumers trying to give up carbonated soft drinks in favour of healthier options. For people who don't prefer energy drinks, ready-to-drink coffee is a popular alternative to continue receiving their daily dose of liquid energy.

 

Market Segmentations

By packaging, the South Korea Ready-to-Drink coffee market can be segmented into:

  • Bottles
  • Cans
  • Others

 

By distribution channel, the South Korea Ready-to-Drink coffee market can be divided into:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online Retail
  • Others

 

The Availability of Dairy-Free and Plant-Based Ready-To-Drink Coffee and improved and Convenient Packaging Augment the Ready-to-Drink Coffee Market 

As hospitality establishments were temporarily closed due to the Covid-19 outbreak, more consumers started ordering coffee online. As a result, there is a significant increase in the amount of coffee consumed at home, which helped the Ready-to-Drink coffee market expand.

 

Plant-based Ready-to-Drink coffee  offer a growing variety of options and flexibility to a rising number of consumers seeking opportunities to consume dairy-free coffee beverages. As a result, supermarkets and convenience stores are gradually making more room for these plant-based goods, and new brands making their way onto the market. The pressure to innovate is being increased by advancing technology, rising costs, shortened product lifecycles, and competition. The industry is shaped by the growing demand for non-GMO and organic coffee, or functional formulations boosted with all-natural tastes and nutrients.

 

To promote sales, most key players have improved the packaging of their Ready-to-Drink coffees. Additionally, packaging in varied quantities is made accessible for ease of use. Both glass and PET bottles are frequently used, and modern technology makes it possible for pet bottles to do more than just carry liquids. In addition to being offered in affordable sizes, these bottles help extend the shelf life and preserve the drink. 

 

Korean consumers demand exceptional and varied flavours from grab-and-go coffee. The single use Ready-to-Drink coffee represents a convergence of convenience and quality that appeals to Koreans' fast-paced technology-led way of life. Increasing disposable income, improving the standard of living, and demand for eco-friendly Ready-to-Drink coffee and packaging are majorly driving the market.

 

Physical and Mental Well-Being Benefits Offered by Ready-to-Drink Coffee and the Burgeoning Trend of Halal Certification

Ready-to-Drink coffee contains several antioxidants , promotes brain health, is anti-inflammatory, and has extra probiotics or/and protein. Regular coffee drinking is associated with happier, more pleasant emotions like friendliness, affection, and friendship. Additionally, some research suggests that women who regularly drink coffee have a lower risk of depression. Chlorogenic acid, a crucial plant-based antioxidant found in coffee helps to reduce inflammation and lower blood pressure.

 

Athletes tend to perform better when drinking coffee because it decreases their pain threshold and enables them to exercise more intensely and quickly. It has also been demonstrated to increase endurance and lessen muscle soreness.

 

Celebrity influence also bolsters the market of Ready-to-Drink coffee in the country. BTS collaborated with USA Barista champion Charles Babinsky and launched three flavours of the ready-to-drink premium 'BTS Hy' coffee. Big brands are also trying to get halal certification to reach out to more people. 'BTS Hy Cold Brew' got halal certification from the Korea Muslim Federation (KMF) . Food prepared and processed in line with Islamic law is given the designation ‘halal’. The coffee packaging featuring BTS gained attention from both Korean and international markets.

 

Key Players in the South Korea Ready-To-Drink Coffee Market

The report gives a detailed analysis of the following key players in the South Korean ready-to-drink coffee market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

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

 

The comprehensive EMR report provides an in-depth assessment of the South Korea Ready-to-Drink coffee market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Packaging
  • Distribution Channels
Breakup by Packaging
  • Bottles
  • Cans
  • Other
Breakup by Distribution Channels
  • Supermarkets and Hypermarkets
  • Convenience Store
  • Specialty Stores
  • Online Stores
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nestle SA
  • Dongsuh Companies Inc.
  • Lotte Chilsung Beverage Co.,Ltd
  • Namyang Dairy Products CO.,LTD
  • Maeil Co.Ltd
  • Others

 

*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    Industry Opportunities and Challenges
8    South Korea Ready-to-Drink
Coffee Market Analysis
    8.1    Key Industry Highlights
    8.2    South Korea Ready-to-Drink Coffee Historical Market (2018-2022) 
    8.3    South Korea Ready-to-Drink Coffee Market Forecast (2023-2028)
    8.4    South Korea Ready-to-Drink Coffee Market by Packaging
        8.4.1    Bottles
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Cans
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Other
    8.5    South Korea Ready-to-Drink Coffee Market by Distribution Channels
        8.5.1    Supermarkets and Hypermarkets
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Convenience Store
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Specialty Stores
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Online Stores
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    Key Indicators for Demand
    9.4    Key Indicators for Price
10    Value Chain Analysis
11    Competitive Landscape

    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Nestle SA
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Dongsuh Companies Inc.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Lotte Chilsung Beverage Co.,Ltd
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Namyang Dairy Products CO.,LTD
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Maeil Co.Ltd
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    South Korea Ready-to-Drink Coffee Market: Key Industry Highlights, 2017 and 2021
2.    South Korea Ready-to-Drink Coffee Historical Market: Breakup by Packaging (USD Million), 2018-2022
3.    South Korea Ready-to-Drink Coffee Market Forecast: Breakup by Packaging (USD Million), 2023-2028
4.    South Korea Ready-to-Drink Coffee Historical Market: Breakup by Product Type (USD Million), 2018-2022
5.    South Korea Ready-to-Drink Coffee Market Forecast: Breakup by Product Type (USD Million), 2023-2028
6.    South Korea Ready-to-Drink Coffee Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
7.    South Korea Ready-to-Drink Coffee Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
8.    South Korea Ready-to-Drink Coffee Market Structure

Key Questions Answered in the Report

In 2021, the South Korean ready-to-drink coffee market attained a value of nearly USD 1.35 billion.

The South Korea RTD coffee market is projected to grow at a CAGR of 5.9% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 1.90 billion by 2027.

Increased disposable income, improved standard of living, inclination toward healthy lifestyle, high demand of convenience food, celebrity influence, and health benefits are the industry drivers.

Inclusion of dairy- free and plant-based RTD coffee, improved packaging, and getting religious approvals like ‘halal’ certification are the key industry trends.

The dominant packaging types in the industry are cans and bottles, among others.

The leading distribution channels are supermarkets/hypermarkets, convenience stores, speciality stores, online, and retail, among others.

The major players in the industry are Nestle SA, Dongsuh Companies Inc., Lotte Chilsung Beverage Co.Ltd, Namyang Dairy Products CO.LTD, and Maeil Co.Ltd., among others.

The price of RTD coffee has the biggest impact on young consumers. Taste and convenience also motivate people to buy RTD coffee.

Analyst Review

The South Korean ready-to-drink coffee market attained a value of USD 1.35 billion in 2021, driven by plant-based and dairy-free ready-to-drink coffee. Aided by the growing awareness regarding fitness and health, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.9%. The market is projected to reach USD 1.90 billion by 2027.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro components of the industry. Based on packaging, the ready-to-drink coffee industry can be segmented into bottles and cans, among others. On the basis of distribution channels, the supermarket/hypermarket, convenience stores, specialty stores, and online stores, among others. The key players in the above market include Nestle SA, Dongsuh Companies Inc., Lotte Chilsung Beverage Co.Ltd, Namyang Dairy Products CO.LTD, Maeil Co.Ltd, Dongsuh Food Corp., and Maeil Dairies Co., among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly skilled and accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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