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South Korea Alcoholic Beverages Market Share, Size, Growth: By Packaging Type: Beer, Traditional Spirits, Whiskey, White Spirits, Wine, Rum, Tequila and Mescal, Liqueurs, Brandy and Cognac; By End Use: Pub, Bars, and Restaurants, Retail; By Distribution Channel: Hypermarkets and Supermarkets, Others; Competitive Landscape; 2024-2032

South Korea Alcoholic Beverages Market Growth

The demand for alcoholic beverages in South Korea is propelled by the increase in the production of flavoured and functional beverages, ready-to-drink options, and beverages made with alternative ingredients such as plant-based milk substitutes. Manufacturers are developing single-serve and portable packaging formats, such as cans, pouches, and bottles, that are suitable for consumption anywhere, anytime.

 

Moreover, beverage companies use technology to improve product development, streamline manufacturing processes, and optimise distribution channels, further driving the demand for beverages. According to the Government of Canada, in 2022, South Korea's beer market ranked as the 10th largest globally, with beer sales totalling US$11.0 billion.

 

South Korea Alcoholic Beverages Market Report Snapshots

South Korea Alcoholic Beverages Market Size

South Korea Alcoholic Beverages Market Growth

South Korea Alcoholic Beverages Market Trends

South Korea Alcoholic Beverages Market Share

South Korea Alcoholic Beverages Manufacturers

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface      
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

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    South Korea Alcoholic Beverages Market Overview

    8.1    Key Industry Highlights
    8.2    South Korea Alcoholic Beverages Historical Market (2018-2023) 
    8.3    South Korea Alcoholic Beverages Market Forecast (2024-2032)
9    South Korea Alcoholic Beverages Market by Packaging Type
    9.1    Beer
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Packaging Type
            9.1.3.1    Bottle
            9.1.3.2    Can
    9.2    Traditional Spirits
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Type
            9.2.3.1    Shochu/soju
            9.2.3.2    Maesilju
            9.2.3.3    Others
    9.3    Whiskey
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    White Spirits
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Type
            9.4.3.1    Vodka
            9.4.3.2    Gin
    9.5    Wine
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Type
            9.5.3.1    Red Wine
            9.5.3.2    White Wine
            9.5.3.3    Sparkling Wine
    9.6    Rum
        9.6.1    Historical Trend (2018-2023)
        9.6.2    Forecast Trend (2024-2032)
    9.7    Tequila and Mescal
        9.7.1    Historical Trend (2018-2023)
        9.7.2    Forecast Trend (2024-2032)
    9.8    Liqueurs
        9.8.1    Historical Trend (2018-2023)
        9.8.2    Forecast Trend (2024-2032)
    9.9    Brandy and Cognac
        9.9.1    Historical Trend (2018-2023)
        9.9.2    Forecast Trend (2024-2032)
10    South Korea Alcoholic Beverages Market by End Use
    10.1    Pub, Bars, and Restaurants
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Retail
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    South Korea Alcoholic Beverages Market by Distribution Channel
    11.1    Hypermarkets and Supermarkets
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Convenience Stores
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Speciality Stores
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Department Stores
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Others
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyer’s Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    Key Indicators for Demand
    12.4    Key Indicators for Price
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Anheuser-Busch InBev NV
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    HiteJinro Co., Ltd
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Heineken NV
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Oriental Brewery Co.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Lotte Chilsung Beverage Co., Ltd
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Casillero del Diablo
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Anheuser-Busch InBev SA/NV
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Carlsberg A/S
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    Jeju Beer Co., Ltd.
            13.2.9.1    Company Overview
            13.2.9.2    Product Portfolio
            13.2.9.3    Demographic Reach and Achievements
            13.2.9.4    Certifications
        13.2.10    Beam Suntory Inc
            13.2.10.1    Company Overview
            13.2.10.2    Product Portfolio
            13.2.10.3    Demographic Reach and Achievements
            13.2.10.4    Certifications
        13.2.11    Muhak Co Ltd
            13.2.11.1    Company Overview
            13.2.11.2    Product Portfolio
            13.2.11.3    Demographic Reach and Achievements
            13.2.11.4    Certifications
        13.2.12    Diageo Plc
            13.2.12.1    Company Overview
            13.2.12.2    Product Portfolio
            13.2.12.3    Demographic Reach and Achievements
            13.2.12.4    Certifications
        13.2.13    Molson Coors Beverage Company
            13.2.13.1    Company Overview
            13.2.13.2    Product Portfolio
            13.2.13.3    Demographic Reach and Achievements
            13.2.13.4    Certifications
        13.2.14    Pernod Richard S.A.
            13.2.14.1    Company Overview
            13.2.14.2    Product Portfolio
            13.2.14.3    Demographic Reach and Achievements
            13.2.14.4    Certifications
        13.2.15    Asahi Group Holdings Ltd
            13.2.15.1    Company Overview
            13.2.15.2    Product Portfolio
            13.2.15.3    Demographic Reach and Achievements
            13.2.15.4    Certifications
        13.2.16    Others
14    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    South Korea Alcoholic Beverages Market: Key Industry Highlights, 2018 and 2032
2.    South Korea Alcoholic Beverages Historical Market: Breakup by Type (USD Million), 2018-2023
3.    South Korea Alcoholic Beverages Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    South Korea Alcoholic Beverages Historical Market: Breakup by End Use (USD Million), 2018-2023
5.    South Korea Alcoholic Beverages Market Forecast: Breakup by End Use (USD Million), 2024-2032
6.    South Korea Alcoholic Beverages Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7.    South Korea Alcoholic Beverages Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8.    South Korea Alcoholic Beverages Market Structure

Key Questions Answered in the Report

The market was valued at USD 26.42 billion in 2023.

The market is projected to grow at a CAGR of 4.8 % between 2024 and 2032.

The revenue generated from the South Korea alcoholic beverages market is expected to reach USD 40.31 billion in 2032.

The market is categorised according to the type, which includes beer, traditional spirits, whiskey, white spirits, wine, rum, tequila and mescal, liqueurs, and brandy and cognac.

The market key players are Diageo Plc, Lotte Chilsung Beverage Co., Ltd., Casillero del Diablo, Pernod Richard S.A., Anheuser-Busch InBev NV, HiteJinro Co., Ltd, Heineken NV, Oriental Brewery Co., Anheuser-Busch InBev SA/NV, Carlsberg A/S, Jeju Beer Co., Ltd., Beam Suntory Inc, Muhak Co Ltd, Molson Coors Beverage Company, and Asahi Group Holdings Ltd, among others.

Based on the end-use, the market is divided into pubs, bars, restaurants, and retail.

Based on the distribution channel, the market is divided into hypermarkets and supermarkets, convenience stores, speciality stores, department stores and others.

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