Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

South Korea Coffee Market Size

The coffee market in South Korea reached a value of about USD 12.46 billion during 2018-2023. The industry is further expected to grow at a CAGR of about 9.7% in the forecast period of 2024-2032, to reach a value of USD 28.7 billion in 2032.

 

South Korea Coffee Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 12.46
Market Size 2032 USD Billion 28.7
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 9.7%
CAGR 2024-2032 - Market by Distribution Channels Online 13.2%
CAGR 2024-2032 - Market by End Use Retail 10.3%
Market Share 2023 - Market by Distribution Channels Online 15.4%

 

South Korea Coffee Report Snapshots

South Korea Coffee Market Size

South Korea Coffee Market Growth

South Korea Coffee Market Trends

South Korea Coffee Market Analysis

South Korea Coffee Companies

 

*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.*

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Key Questions Answered in the Report

During 2018-2023, the coffee market attained a value of nearly USD 12.46 billion.

The South Korea coffee market is projected to grow at a CAGR of 9.7% between 2024 and 2032.

Busy lifestyles, increasing health awareness, celebrity influence, social media, and access to ready-to-drink coffee are the major drivers.

The inclination toward organic and sustainable coffee and technological innovation are the key industry trends.

The dominant type of coffee in the industry are Arabica and Robusta.

The leading distribution channels in the market are Hypermarkets/Supermarkets, convenience Stores, speciality stores, and online stores among others.

The major players in the South Korea coffee industry are Dong Suh Companies Inc., Namyang Dairy Products Co. Ltd, LOTTE-Nestlé Korea Co., Ltd, Starbucks Corporation, Ediya Co., Ltd., and LUIGI LAVAZZA SPA among others.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 28.7 billion by 2032.

COVID-19 slowed down the growth of the market.

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