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Wine contributes to the South Korea alcoholic beverages market growth as wine is progressively intertwining with South Korean social and dining customs, shaped by the emergence of wine-focused dining venues and wine festivals.
The demand for premium and high-quality wines is on the rise among South Korean consumers, who are willing to invest more for exceptional flavour and genuine quality. Moreover, wine is seen as a healthier option compared to other alcoholic drinks because of its lower alcohol content and potential health advantages, like the presence of antioxidants in red wine.
Traditional spirits like soju and makgeolli possess deep cultural significance in South Korea. Despite their traditional origins, there have been advancements in both the production and marketing of traditional spirits to accommodate shifting consumer preferences.
Pubs, bars, and restaurants drive growth in the South Korea alcoholic beverages market share by offering a diverse range of alcoholic beverages, including local and international beers, wines, spirits, and cocktails.
Numerous pubs, bars, and restaurants organise promotions, happy hours, and special events focused on alcoholic beverages. These activities draw in customers, boost foot traffic, and stimulate consumption, resulting in heightened sales and revenue.
Retail outlets offer convenience by providing one-stop shopping for alcoholic beverages along with other grocery and household items. Moreover, retailers seize the premiumization trend by providing a carefully curated array of upscale and speciality alcoholic beverages, catering to consumers seeking quality, craftsmanship, and distinctive drinking encounters.
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
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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