South Korea Coffee Market 2024

Description

According to the latest market study results, the coffee market in South Korea stood at around USD 2,543 million in 2023 and is projected to rise to a worth of USD 2,732 million by 2029 end, thereby garnering a CAGR of 1.2% during 2024-2029. There is a noticeable trend towards premium coffee experiences, driven by evolving consumer preferences. This shift is underpinned by a growing appreciation for specialty and gourmet coffee varieties, including single-origin beans, artisanal blends, and unique brewing methods such as pour-over and cold brew. Additionally, health-conscious consumers are seeking coffee products that align with their wellness objectives, leading to increased demand for organic, fair trade, and sustainably sourced options with reduced sugar, fat, or calorie content. Moreover, busy lifestyles are prompting consumers to prioritize convenience, resulting in a preference for single-serve coffee pods and pre-ground coffee.

The report provides a comprehensive analysis of the South Korea coffee industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, package type, and distribution channel. The insights gained from this evaluation help reveal the growth potential within the coffee sector.

Market Segmentation

The segmentation of the coffee market in South Korea is outlined below:
Product type: ground coffee, instant coffee (standard instant coffee, coffee mix), whole bean
Package type: flexible aluminum/plastic, glass, stand-up pouches, others
Distribution channel: bars & HoReCa, convenience stores, e-commerce, forecourt stores, grocery stores, supermarkets and hypermarkets, vending, others

The South Korea coffee market is segmented on the basis of product type, package type, and distribution channel. By product type, the coffee market in South Korea has been segmented into ground coffee, instant coffee (standard instant coffee, coffee mix), and whole bean. Based upon package type, the coffee market in South Korea is categorized into flexible aluminum/plastic, glass, stand-up pouches, and others. On the basis of distribution channel, the coffee market in South Korea has been segmented into bars & HoReCa, convenience stores, e-commerce, forecourt stores, grocery stores, supermarkets and hypermarkets, vending, and others.

Competitive Landscape

The South Korea coffee market is highly competitive. The report also includes the profiles of leading companies such as Dong Suh Foods Corporation, Nestle S.A., JDE Peet’s N.V., Lotte Corporation, Namyang Dairy Products Co. Ltd., Terarosa Coffee Co. Ltd., Daesang Corporation, Korea Mcnulty Co. Ltd.

The report offers a comprehensive review of the South Korea coffee market, focusing on key players’ performance over the 2019-2023 period. The information highlights shifts in market share, identifying both established market leaders and emerging players. By utilizing this data, businesses can enhance their competitive positioning, refining their strategies to better navigate a competitive and evolving market landscape.

Why Buy This Report?

Obtain precise statistical data and forecasts for the South Korea coffee market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea coffee market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea coffee market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSouth Korea coffee market – product type analysis
South Korea coffee market – package type analysis
South Korea coffee market – distribution channel analysis
Key players and market share
– Dong Suh Foods Corporation
– Nestle S.A.
– JDE Peet’s N.V.
– Lotte Corporation
– Namyang Dairy Products Co., Ltd.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table South Korea coffee market 2019-2029
Chart South Korea coffee market, net growth, 2019-2029
Chart South Korea coffee market, growth rates, 2019-2029
Table South Korea coffee market by product type, 2019-2029
Chart South Korea coffee market by product type, CAGR historic and forecast, 2019-2029
Chart South Korea coffee market by product type, 2019-2029
Table South Korea coffee market by package type, 2019-2029
Chart South Korea coffee market by package type, CAGR historic and forecast, 2019-2029
Chart South Korea coffee market by package type, 2019-2029
Table South Korea coffee market by distribution channel, 2019-2029
Chart South Korea coffee market by distribution channel, CAGR historic and forecast, 2019-2029
Chart South Korea coffee market by distribution channel, 2019-2029
Table South Korea coffee market share (%), by companies, 2019-2023
Chart South Korea coffee market, by companies, 2023
Table South Korea coffee market share (%), by brands, 2019-2023
Chart South Korea coffee 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 coffee market: spend as a proportion of GDP (%)
Table South Korea coffee market: consumption per capita (population)