South Korea Beer Market 2024

Description

Anticipated growth in the South Korea beer market stands at USD 3.4 billion, with an expected compound annual growth rate (CAGR) of approximately 4.7% during the period spanning 2024 to 2029. South Korea’s beer market is seeing a shift towards premium and craft beer as consumers, particularly in urban areas, embrace more sophisticated beer options. The younger, affluent demographic is leading this change, with an increasing demand for imported beers and innovative flavors. Moreover, the booming popularity of social drinking, especially among millennials and Gen Z, continues to contribute to growth in the sector.

The report delivers an in-depth analysis of the South Korea beer industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, category, packaging and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the beer market.

Market Segmentation

The following outlines the segmentation of the South Korea beer market:
Product type: weissbier, lager, no-/low-alcohol beer, stout
Category: craft, non-craft
Packaging: glass bottles, aluminum cans, others
Distribution channel: convenience stores, supermarkets and hypermarkets, warehouse clubs, grocery stores, bars and HoReCa, others

The beer market in South Korea is segmented across product type, category, packaging and distribution channel. By product type, the market is categorized into weissbier, lager, no-/low-alcohol beer, and stout. Category categories include craft, and non-craft. Packaging segments are categorized into glass bottles, aluminum cans, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, warehouse clubs, grocery stores, bars and HoReCa, and others.

Competitive Landscape

Prominent companies operating within the market comprise Tsingtao Brewery Co. Ltd., Sapporo Holdings Limited, Lotte Corporation, Kirin Holdings Co. Ltd., Jeju Beer Company, HITEJINRO CO. LTD., Heineken N.V., Diageo plc, Carlsberg A/S, Asahi Group Holdings Ltd. and AB InBev.

This report delivers an in-depth examination of leading companies in the beer sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.

Why Buy This Report?

Obtain precise statistical data and forecasts for the South Korea beer market.
Gain in-depth analysis and forecasts for the key segments of the South Korea beer market: product type, category, packaging 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 beer market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea beer market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Beer Market – Product Type Analysis
South Korea Beer Market – Category Analysis
South Korea Beer Market – Packaging Analysis
South Korea Beer Market – Distribution Channel Analysis
Key Players and Market Share
– Tsingtao Brewery Co., Ltd.
– Sapporo Holdings Limited
– Lotte Corporation
– Kirin Holdings Co., Ltd.
– Jeju Beer Company
– HITEJINRO CO., LTD.
– Heineken N.V.
– Diageo plc
– Carlsberg A/S
…
Macroeconomic Data and Forecast
Disclaimer

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

Companies Mentioned

Tsingtao Brewery Co., Ltd.
Sapporo Holdings Limited
Lotte Corporation
Kirin Holdings Co., Ltd.
Jeju Beer Company
HITEJINRO CO., LTD.
Heineken N.V.
Diageo plc
Carlsberg A/S
Asahi Group Holdings, Ltd.
AB InBev