Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
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.
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.
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.
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.
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.
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.
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.
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.
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.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Distribution Channels||
*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.
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
5.2 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
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
8.4.2 Fruit and Vegetable Juices
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
8.4.3 Ready- to- Go Drinks
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
8.4.4 Carbonated Soft Drinks
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
8.4.5 Alcoholic Beverages
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
8.5 South Korea Sugar Free Beverages Market by Distribution Channels
8.5.1 Supermarkets and Hypermarkets
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
8.5.2 Convenience Stores
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
8.5.3 Online Sales
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
9 Market Dynamics
9.1 SWOT Analysis
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
10.2.2 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
10.2.3 The Kraft Heinz Company
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.4 PepsiCo, Inc.
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.5 Red Bull GmbH
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.6 Hitejinro Co.,Ltd.
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
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
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.
Single User License
Five User License
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.
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.
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.
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.