The outlook for the South Korea wine market indicates a modest growth of USD 0.8 billion, with an expected CAGR of approximately 3.9% over the next five years. South Korea’s wine market is expanding rapidly, driven by increasing disposable incomes and changing dietary habits. With a young and dynamic consumer base, wine has gained popularity as an alternative to traditional alcoholic beverages such as soju and beer. Wine’s association with premium, luxury lifestyles has also led to a rise in demand for imported wines, particularly among affluent consumers. Moreover, wine consumption is gaining momentum in the corporate and social settings, with wine now commonly featured in social gatherings and celebrations.
This report presents a thorough analysis and future outlook for the South Korea wine market, covering historical data from 2020 to 2024 and forecasts up to 2030. It investigates market size, growth patterns, and segmented insights, revealing the trends transforming the industry. By dissecting critical aspects such as product type, pricing, packaging and distribution channel, the report provides a comprehensive toolkit for understanding and capitalizing on market opportunities.
Market Segmentation
The South Korea wine market is structured as follows:
Product type: non-grape wine, sparkling wine (champagne, others), still wine (still red wine, still rosé wine, still white wine)
Pricing: mass, mid-priced, premium
Packaging: glass, metal, others
Distribution channel: convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
The South Korea wine market is categorized by product type, pricing, packaging and distribution channel. The categorization of the market by product type includes non-grape wine, sparkling wine (champagne, others), and still wine (still red wine, still rosé wine, still white wine). Pricing segmentation includes mass, mid-priced, and premium. Packaging segments consist of glass, metal, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
Prominent companies operating within the market comprise Vina Concha Y Toro S.A., Shinsegae L&b Co. Ltd., Seoul Takju Manufacturers Association, Pusan Takju Association, Niigata Hakuryu Ltd., Montes S.A., LVMH Moet Hennessy Louis Vuitton SA (LVMH), Lotte Corporation, Kooksoondang Brewery Co. Ltd., Jipyeong Brewing Co. Ltd., HITEJINRO CO. LTD., Heineken N.V., Gianni Gagliardo, Daegu Takju Association, Compania Cervecerias Unidas S.A., Bohae Brewery Co. Ltd. and Baesangmyun Brewery Co. Ltd.
The report provides a detailed assessment of prominent companies within the wine market, tracking their performance from 2020 to 2024. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea wine market.
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Gain deep insights into the dynamics of the South Korea wine market.
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Anticipate the future trajectory of the South Korea wine market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
South Korea Wine Market – Product Type Analysis
South Korea Wine Market – Pricing Analysis
South Korea Wine Market – Packaging Analysis
South Korea Wine Market – Distribution Channel Analysis
Company Shares Analysis
Vina Concha Y Toro S.A.
Shinsegae L&b Co., Ltd.
Seoul Takju Manufacturers Association
Pusan Takju Association
Niigata Hakuryu Ltd.
Montes S.A.
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lotte Corporation
Kooksoondang Brewery Co., Ltd.
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table South Korea Wine Market 2020-2030
Chart South Korea Wine Market, Net Growth, 2020-2030
Chart South Korea Wine Market, Growth Rates, 2020-2030
Table South Korea Wine Market by Product Type, 2020-2030
Chart South Korea Wine Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart South Korea Wine Market by Product Type, 2020-2030
Table South Korea Wine Market by Pricing, 2020-2030
Chart South Korea Wine Market by Pricing, CAGR Historic and Forecast, 2020-2030
Chart South Korea Wine Market by Pricing, 2020-2030
Table South Korea Wine Market by Packaging, 2020-2030
Chart South Korea Wine Market by Packaging, CAGR Historic and Forecast, 2020-2030
Chart South Korea Wine Market by Packaging, 2020-2030
Table South Korea Wine Market by Distribution Channel, 2020-2030
Chart South Korea Wine Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart South Korea Wine Market by Distribution Channel, 2020-2030
Table South Korea Wine Market Share (%), by Companies, 2020-2024
Chart South Korea Wine Market, by Companies, 2024
Table South Korea Wine Market Share (%), by Brands, 2020-2024
Chart South Korea Wine Market, by Brands, 2024
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Wine Market: Spend as a Proportion of GDP (%)
Table South Korea Wine Market: Consumption per Capita (Population)
Companies Mentioned
Vina Concha Y Toro S.A.
Shinsegae L&b Co., Ltd.
Seoul Takju Manufacturers Association
Pusan Takju Association
Niigata Hakuryu Ltd.
Montes S.A.
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lotte Corporation
Kooksoondang Brewery Co., Ltd.
Jipyeong Brewing Co., Ltd.
HITEJINRO CO., LTD.
Heineken N.V.
Gianni Gagliardo
Daegu Takju Association
Compania Cervecerias Unidas S.A.
Bohae Brewery Co., Ltd.
Baesangmyun Brewery Co., Ltd.