South Korea Alcoholic Beverages Market 2024

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The South Korea alcoholic beverages market is anticipated to witness significant growth, with an expected uptick of USD 16.1 billion, equating to a compound annual growth rate (CAGR) of about 6.1% in the coming years. In South Korea, the alcoholic beverages market is experiencing steady growth, with beer, soju, and whiskey being the most consumed alcoholic beverages. The younger population’s preference for premium and imported spirits is driving demand, while the growing popularity of social drinking and karaoke culture is encouraging regular alcohol consumption. Additionally, health-conscious trends are influencing the growth of low-alcohol and functional beverages.

This report presents a detailed overview of the South Korea alcoholic beverages industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product, packaging type and distribution channel. This detailed analysis supports the identification of growth opportunities within the alcoholic beverages industry.

The South Korea alcoholic beverages market is structured as follows:
Product: beer, RTDs, spirits, wine
Packaging type: glass bottles, metal cans, others
Distribution channel: convenience stores, supermarkets and hypermarkets, food & drinks specialty stores, grocery stores, bars & HoReCa, e-commerce, others

The alcoholic beverages market in South Korea is segmented based on product, packaging type and distribution channel. By product, the market features beer, RTDs, spirits, and wine. Packaging type segmentation includes glass bottles, metal cans, and others. Distribution channel segments consist of convenience stores, supermarkets and hypermarkets, food & drinks specialty stores, grocery stores, bars & HoReCa, e-commerce, and others.

Competitive Landscape

Top players featured in the South Korea alcoholic beverages market study include Tsingtao Brewery Co. Ltd., Seoul Takju Manufacturers Association, Pusan Takju Association, Muhak Co. Ltd., Lotte Corporation, Kumbokju Co. Ltd., Kooksoondang Brewery Co. Ltd., HITEJINRO CO. LTD., Heineken N.V., Daesun Distilling Co. Ltd., Bohae Brewery Co. Ltd., Asahi Group Holdings Ltd. and AB InBev.

The report provides a detailed assessment of prominent companies within the alcoholic beverages market, tracking their performance from 2019 to 2023. 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 alcoholic beverages market.
Gain in-depth analysis and forecasts for the key segments of the South Korea alcoholic beverages market: product, packaging type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea alcoholic beverages market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea alcoholic beverages 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
Report Scope
Research Methodology
Market Overview
South Korea Alcoholic Beverages Market – Product Analysis
South Korea Alcoholic Beverages Market – Packaging Type Analysis
South Korea Alcoholic Beverages Market – Distribution Channel Analysis
Key Players and Market Share
– Tsingtao Brewery Co., Ltd.
– Seoul Takju Manufacturers Association
– Pusan Takju Association
– Muhak Co., Ltd.
– Lotte Corporation
– Kumbokju Co., Ltd.
– Kooksoondang Brewery Co., Ltd.
– HITEJINRO CO., LTD.
– Heineken N.V.
…
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table South Korea Alcoholic Beverages Market 2019-2029
Chart South Korea Alcoholic Beverages Market, Net Growth, 2019-2029
Chart South Korea Alcoholic Beverages Market, Growth Rates, 2019-2029
Table South Korea Alcoholic Beverages Market by Product, 2019-2029
Chart South Korea Alcoholic Beverages Market by Product, CAGR Historic and Forecast, 2019-2029
Chart South Korea Alcoholic Beverages Market by Product, 2019-2029
Table South Korea Alcoholic Beverages Market by Packaging Type, 2019-2029
Chart South Korea Alcoholic Beverages Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Alcoholic Beverages Market by Packaging Type, 2019-2029
Table South Korea Alcoholic Beverages Market by Distribution Channel, 2019-2029
Chart South Korea Alcoholic Beverages Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Alcoholic Beverages Market by Distribution Channel, 2019-2029
Table South Korea Alcoholic Beverages Market Share (%), by Companies, 2019-2023
Chart South Korea Alcoholic Beverages Market, by Companies, 2023
Table South Korea Alcoholic Beverages Market Share (%), by Brands, 2019-2023
Chart South Korea Alcoholic Beverages Market, by Brands, 2023
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 Alcoholic Beverages Market: Spend as a Proportion of GDP (%)
Table South Korea Alcoholic Beverages Market: Consumption per Capita (Population)

Companies Mentioned

Tsingtao Brewery Co., Ltd.
Seoul Takju Manufacturers Association
Pusan Takju Association
Muhak Co., Ltd.
Lotte Corporation
Kumbokju Co., Ltd.
Kooksoondang Brewery Co., Ltd.
HITEJINRO CO., LTD.
Heineken N.V.
Daesun Distilling Co., Ltd.
Bohae Brewery Co., Ltd.
Asahi Group Holdings, Ltd.
AB InBev

Product Type

Industry Statistics
Region

Asia Pacific
Published Date

2024
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