Expected to see substantial growth, the South Korea RTD tea market is anticipated to move from USD 1,391.0 million in 2023 to USD 2,244.4 million by 2029, corresponding to a CAGR of 8.3%. In South Korea, the RTD tea market is expanding, fueled by a shift toward healthier beverages and the growing preference for convenient options. South Korean consumers are increasingly turning to RTD tea as a substitute for sugary soft drinks, with green tea, barley tea, and other traditional varieties in high demand. The wellness trend, combined with rising health awareness, has led to a surge in demand for RTD tea products that offer functional benefits, such as antioxidants and weight management properties. Additionally, RTD tea fits into the busy, urban lifestyle in South Korea, where on-the-go consumption is prevalent.
The report provides a comprehensive analysis of the South Korea RTD tea 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, product type and distribution channel. The insights gained from this evaluation help reveal the growth potential within the RTD tea sector.
Market Segmentation
The segmentation of the South Korea RTD tea market is outlined below:
Product type: RTD sparkling tea, still RTD tea
Product type: regular RTD tea, no/low-sugar RTD tea
Distribution channel: convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, grocery stores, e-commerce, bars & HoReCa, others
The RTD tea market in South Korea is segmented based on product type, product type and distribution channel. In terms of product type, the market is segmented into RTD sparkling tea, and still RTD tea. Product type segmentation includes regular RTD tea, and no/low-sugar RTD tea. Distribution channel segments cover convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, grocery stores, e-commerce, bars & HoReCa, and others.
Competitive Landscape
The RTD tea market is dominated by key players, including Woongjin Foods Co. Ltd., Unilever PLC, The Coca-Cola Company, Namyang Dairy Products Co. Ltd., Lotte Corporation, Kwang Dong Pharmaceutical Co. Ltd., Ito En Ltd., HITEJINRO CO. LTD. and CJ Corporation.
This report presents an extensive analysis of major entities in the RTD tea market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea RTD tea market.
Gain in-depth analysis and forecasts for the key segments of the South Korea RTD tea market: product type, product type and distribution channel.
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Gain deep insights into the dynamics of the South Korea RTD tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea RTD tea market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea RTD Tea Market – Product Type Analysis
South Korea RTD Tea Market – Product Type Analysis
South Korea RTD Tea Market – Distribution Channel Analysis
Key Players and Market Share
– Woongjin Foods Co., Ltd.
– Unilever PLC
– The Coca-Cola Company
– Namyang Dairy Products Co., Ltd.
– Lotte Corporation
– Kwang Dong Pharmaceutical Co., Ltd.
– Ito En, Ltd.
– HITEJINRO CO., LTD.
– CJ Corporation
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea RTD Tea Market 2019-2029
Chart South Korea RTD Tea Market, Net Growth, 2019-2029
Chart South Korea RTD Tea Market, Growth Rates, 2019-2029
Table South Korea RTD Tea Market by Product Type, 2019-2029
Chart South Korea RTD Tea Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea RTD Tea Market by Product Type, 2019-2029
Table South Korea RTD Tea Market by Product Type, 2019-2029
Chart South Korea RTD Tea Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea RTD Tea Market by Product Type, 2019-2029
Table South Korea RTD Tea Market by Distribution Channel, 2019-2029
Chart South Korea RTD Tea Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea RTD Tea Market by Distribution Channel, 2019-2029
Table South Korea RTD Tea Market Share (%), by Companies, 2019-2023
Chart South Korea RTD Tea Market, by Companies, 2023
Table South Korea RTD Tea Market Share (%), by Brands, 2019-2023
Chart South Korea RTD Tea 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 RTD Tea Market: Spend as a Proportion of GDP (%)
Table South Korea RTD Tea Market: Consumption per Capita (Population)
Companies Mentioned
Woongjin Foods Co., Ltd.
Unilever PLC
The Coca-Cola Company
Namyang Dairy Products Co., Ltd.
Lotte Corporation
Kwang Dong Pharmaceutical Co., Ltd.
Ito En, Ltd.
HITEJINRO CO., LTD.
CJ Corporation