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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
South Korea Coffee Industry Trends
Product Innovation and Technological Advances to Promote the Growth of the Coffee Market
The coffee industry has expanded largely owing to simpler ordering and payment methods. New levels of standardisation in the coffee industry are now achievable due to modern technologies. Some applications facilitate the measurement procedures, enabling baristas to measure items with greater accuracy, which is a crucial trend in South Korea coffee market. This technique is used by coffee chains to maintain consistency in flavour across all of their outlets. Modern technology has an impact on coffee quality as well. The need for quick service has increased along with the popularity of coffee shops. The coffee shop workers can receive orders from seated clients provided by mobile ordering. This has enhanced the process of receiving and delivering orders. Coffee shops can now effectively manage their customer queues and run their businesses by using self-service kiosks. There is a cafe, known as 'CaFace' where they print customers' coloured photos as latte art on their coffee. Such innovations in coffee preparation, technological advancements, and quick service propel the market growth.
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
*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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