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South Korea Sugar Free Beverages Market Share, Size, Trends, Growth, Analysis, Forecast: By Type: Energy Drinks, Fruit and Vegetable Juices, Ready-to-Go Drinks, Carbonated Soft Drinks, Alcoholic Beverages, Others; By Distribution Channels: Supermarkets and Hypermarkets, Convenience Stores, Others; Competitive Landscape; 2023-2028

South Korea Sugar Free Beverages Market Outlook

The South Korea sugar free beverages market size reached a value of more than USD 63.1 billion in 2022. The South Korea sugar-free beverages industry is expected to grow at a CAGR of 12.4% between 2023 and 2028, reaching a value of USD 624.1 million by 2028.

 

Key Trends in the South Korea Sugar Free Beverages Market

Technically, sugar-free refers to varieties of beverages that have been artificially sweetened and contain little or no calories. It essentially indicates that the drinks have less than 0.5 grammes of sugar, both naturally occurring and added. Those beverages that contain less than 0.5 g of sugar per 100 ml or 100 g are regarded as sugar-free. Contrarily, "no added sugar" denotes the absence of sugar as a component in the product. Therefore, it solely includes sugar that occurs naturally.

 

Drinks With No-Sugar May Reduce Diabetes Risk, Help People Lose Weight, and Support the Growth of the Sugar free Beverages Industry of South Korea

Low-calorie and no-calorie beverages have similar effects on weight and metabolism as water. According to some studies, there is a slight reduction in weight, BMI, and diabetes risk  when non-calorie or low-calorie beverages were substituted for drinks with added sugar. It is uncertain how non-nutritive sweeteners (NNSs), which include stevia, aspartame, and sucralose, may affect metabolism and weight in the long run. Artificially sweetened beverages may help you consume less calories, but they might also slow down your metabolism and make weight reduction more difficult. As per some studies, using NNSs like sucralose and aspartame is linked to both type 2 diabetes and increased body weight.

 

Non-Alcoholic and Sugar-Free Beer Gaining Traction Among the Young South Korean Population

In the liquor industry, non-alcoholic and sugar-free zero-calorie beverages are becoming more and more well-liked as the so-called "healthy pleasure" lifestyle, in which individuals maintain their health by engaging in activities they like, becoming more and more popular. In August 2022, sales of the alcohol-free Hite Zero 0.00 beer from Hite Jinro Co. surpassed 100 million cans . With only 4kcal per 100mL, it almost has no calories. In just two months after its September 2022 release, the sugar-free soju produced by Lotte Chilsung Beverage Co. has sold approximately 14 million bottles of the traditional Korean distilled beer. A crucial component of intuitive eating, which places an emphasis on pleasure, mindfulness, and an awareness of the five senses, is eating for satisfaction. It entails selecting meals one loves and making the effort to consume them slowly and gently. This trend is being adopted by diet-conscious people who prefer eating healthily and judiciously. This factor is boosting the growth of the sugar free beverages market in South Korea.

 

Growing Preference for Sustainable Items is compelling Manufacturers to Shift to Eco-Friendly Packaging

In an attempt to support the circular economy, LOTTE Group intends to decrease the usage of unneeded disposables and boost the use of eco-friendly packaging. For this purpose, the company has established a council that will oversee the creation and use of eco-friendly packaging across all the subsidiaries. By concentrating on making food-grade containers lightweight, integrating materials, and researching biodegradable vinyl materials, the business intends to explore the creation of eco-friendly delivery boxes and the building of a box recovery and recycling system in order to increase LOTTE Group stores' use of eco-friendly recycled packaging to 50% by 2025. These environmentally friendly packaging solutions encourage consumers to shift to eco-friendly options available in the market, thereby augmenting the sugar free beverages market of South Korea.

 

Market Analysis

Based on type, the South Korea sugar free beverages market is segmented into energy drinks, fruit and vegetable juices, ready-to-go drinks, carbonated soft drinks, and alcoholic drinks, among others. Based on distribution channels, the sugar free beverages market of South Korea is divided into supermarkets/ hypermarkets, convenience stores, and online, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea sugar free beverages market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • The Coca-Cola Company
  • Lotte Chilsung Beverage Co., Ltd.
  • The Kraft Heinz Company
  • PepsiCo, Inc.
  • Red Bull GmbH
  • Hitejinro Co.,Ltd.
  • Others

 

Market Share by Type

Manufacturing operations were shut down entirely or in part as a result of the COVID-19 outbreak. Only necessary commodities could be transported, and there were travel restrictions that interfered with the supply chains. However, the sales of carbonated drinks without sugar were not severely impacted. At-home consumption of sugar free carbonated soft drinks, alcoholic drinks, and juices quickly increased in the market. The market is seeing an increase in demand for healthier beverages as a result of growing concerns about obesity and diabetes and widespread knowledge of these issues.

 

Market Share by Distribution Channels

With excellent internet penetration and prevalence of e-commerce in the country, online retail stores are steadily growing which is giving competition to offline stores such as supermarkets/ hypermarkets and convenience stores, among others. Fast food chains, cloud kitchens, quick service restaurants, meal delivery services, and restaurant chains all contribute to the expansion of the market for sugar free carbonated beverages. The market for sugar-free carbonated beverages does confront certain challenges, though. These include rising raw material costs, seasonality, and a drop in the use of drinks with carbonation, which restrains sugar free beverages market expansion.

 

Competitive Landscape

The Kraft Heinz Company- With eight brands worth $1 billion or more and annual global sales of almost $25 billion, The Kraft Heinz Company is one of the biggest food and beverages firms in the world. They have been a reputable manufacturer of high-quality, delicious, and nutrient-rich meals for more than 150 years. Despite having joint headquarters in Chicago and Pittsburgh, Kraft Heinz's brands are genuinely international, with goods being made and sold in more than 40 nations. In a portfolio of more than 200 historic and growing brands, these well-liked goods include cheese and dairy, condiments and sauces, meats, coffee, refreshment beverages, nutrition and baby products, as well as several other supermarket items.

 

Hitejinro Co.,Ltd.- Hite Jinro Co Ltd (Hite Jinro) is an alcoholic beverage manufacturer, marketer, and distributor. Beverages offered by the corporation include beer, soju, whisky, sake, and wine. The firm sells its goods both nationally and abroad, including in Japan, North America, China, Mongolia, and other nations. The business is headquartered in Seoul, South Korea. In 1954, Hite Jinro Co., Ltd. was established.

 

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:

  • Type
  • Distribution Channels
Breakup by Type
  • Energy Drinks
  • Fruit and Vegetable Juices
  • Ready- to- Go Drinks
  • Carbonated Soft Drinks
  • Alcoholic Beverages
  • Others
Breakup by Distribution Channels
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Sales
  • 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
  • The Coca-Cola Company
  • Lotte Chilsung Beverage Co., Ltd.
  • The Kraft Heinz Company
  • PepsiCo, Inc.
  • Red Bull GmbH
  • Hitejinro 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 Sugar Free Beverages Market Analysis

    8.1    Key Industry Highlights
    8.2    South Korea Sugar Free Beverages Historical Market (2018-2022) 
    8.3    South Korea Sugar Free Beverages Market Forecast (2023-2028)
    8.4    South Korea Sugar Free Beverages Market by Type
        8.4.1    Energy Drinks 
            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    Fruit and Vegetable Juices
            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    Ready- to- Go Drinks
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Carbonated Soft Drinks
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Alcoholic Beverages
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    South Korea Sugar Free Beverages 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 Stores
            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    Online Sales 
            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    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    Competitive Landscape
    10.1    Market Structure
    10.2    Company Profiles
        10.2.1    The Coca-Cola Company
            10.2.1.1    Company Overview
            10.2.1.2    Product Portfolio
            10.2.1.3    Demographic Reach and Achievements
            10.2.1.4    Certifications
        10.2.2    Lotte Chilsung Beverage Co., Ltd.
            10.2.2.1    Company Overview
            10.2.2.2    Product Portfolio
            10.2.2.3    Demographic Reach and Achievements
            10.2.2.4    Certifications
        10.2.3    The Kraft Heinz Company
            10.2.3.1    Company Overview
            10.2.3.2    Product Portfolio
            10.2.3.3    Demographic Reach and Achievements
            10.2.3.4    Certifications
        10.2.4    PepsiCo, Inc.
            10.2.4.1    Company Overview
            10.2.4.2    Product Portfolio
            10.2.4.3    Demographic Reach and Achievements
            10.2.4.4    Certifications
        10.2.5    Red Bull GmbH
            10.2.5.1    Company Overview
            10.2.5.2    Product Portfolio
            10.2.5.3    Demographic Reach and Achievements
            10.2.5.4    Certifications
        10.2.6    Hitejinro Co.,Ltd.
            10.2.6.1    Company Overview
            10.2.6.2    Product Portfolio
            10.2.6.3    Demographic Reach and Achievements
            10.2.6.4    Certifications
        10.2.7    Others
11    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    South Korea Sugar Free Beverages Market: Key Industry Highlights, 2018 and 2028
2.    South Korea Sugar Free Beverages Historical Market: Breakup by Type (USD Million), 2018-2022
3.    South Korea Sugar Free Beverages Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    South Korea Sugar Free Beverages Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
5.    South Korea Sugar Free Beverages Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
6.    South Korea Sugar Free Beverages Market Structure

Key Questions Answered in the Report

In 2022, the South Korea sugar-free beverage market attained a value of nearly USD 237.4 million.

The market is projected to grow at a CAGR of 18.5% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 624.1 million by 2028.

Sugar free beverages reduce the chances of developing diabetes, high disposable income, consumer awareness, a high standard of living, and high demand among young and diet-conscious people are the major drivers.

The growing preference for sustainable products and eco-friendly packaging are the key trends of the sugar free beverage market in South Korea.

The dominant type of sugar-free beverage in the industry are energy drinks, fruit and vegetable juices, ready-to-go drinks, carbonated soft drinks, and alcoholic drinks, among others.

The leading distribution channels in the market are supermarkets/ hypermarkets, convenience stores, and online, among others.

The major players in the industry are The Coca-Cola Company, Lotte Chilsung Beverage Co., Ltd., The Kraft Heinz Company, PepsiCo, Inc., Red Bull GmbH, and Hitejinro Co.,Ltd., among others.

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