The South Korea soft drinks sector is poised for a dynamic growth phase, anticipating an increase of USD 4.7 billion and a compound annual growth rate (CAGR) of approximately 6.9% from 2024 to 2029. South Korea’s soft drinks market is shaped by the increasing demand for both traditional and innovative beverages. The popularity of carbonated drinks, particularly cola and citrus-based sodas, remains strong, but there is also a growing trend towards health-conscious consumption, with functional drinks such as probiotic beverages, green teas, and vitamin waters becoming more popular. South Korea’s younger population is particularly receptive to new, trendy drink options, such as plant-based beverages and low-sugar alternatives, contributing to diversification in the market.
This report provides a thorough assessment of the South Korea soft drinks industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, type, packaging and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the soft drinks industry.
Market Segmentation
The South Korea soft drinks market is categorized into the following segments:
Product type: bottled water, carbonated soft drinks, concentrates, juices, RTD coffee, RTD tea, energy drinks, sports drinks, others
Type: regular, low- and no-sugar soft drinks
Packaging: flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, others
Distribution channel: convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, grocery stores, bars and HoReCa, e-commerce, others
The soft drinks market in South Korea is segmented based on product type, type, packaging and distribution channel. In terms of product type, the market is segmented into bottled water, carbonated soft drinks, concentrates, juices, RTD coffee, RTD tea, energy drinks, sports drinks, and others. Type segmentation includes regular, and low- and no-sugar soft drinks. Packaging segments encompass flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, grocery stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
Within the competitive landscape, significant companies profiled in the report include Woongjin Foods Co. Ltd., The Coca-Cola Company, Starbucks Corporation, Sparkle Co. Ltd., Pulmuone Co. Ltd., PepsiCo Inc., Paldo Co. Ltd., Otsuka Holdings Co. Ltd., Nongshim Co. Ltd., Monster Beverage Corporation, Maeil Dairies Co. Ltd., Lotte Corporation, Kwang Dong Pharmaceutical Co. Ltd., Kikkoman Corporation, Jeju Province Development Corporation, HITEJINRO CO. LTD., Dongwon Group, Dong Suh Co. Ltd. and Binggrae Co. Ltd.
This comprehensive report analyzes the performance of leading companies in the soft drinks sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea soft drinks market.
Gain in-depth analysis and forecasts for the key segments of the South Korea soft drinks market: product type, type, packaging and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea soft drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea soft drinks 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 Soft Drinks Market – Product Type Analysis
South Korea Soft Drinks Market – Type Analysis
South Korea Soft Drinks Market – Packaging Analysis
South Korea Soft Drinks Market – Distribution Channel Analysis
Key Players and Market Share
– Woongjin Foods Co., Ltd.
– The Coca-Cola Company
– Starbucks Corporation
– Sparkle Co., Ltd.
– Pulmuone Co., Ltd.
– PepsiCo, Inc.
– Paldo Co., Ltd.
– Otsuka Holdings Co. Ltd.
– Nongshim Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Soft Drinks Market 2019-2029
Chart South Korea Soft Drinks Market, Net Growth, 2019-2029
Chart South Korea Soft Drinks Market, Growth Rates, 2019-2029
Table South Korea Soft Drinks Market by Product Type, 2019-2029
Chart South Korea Soft Drinks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Soft Drinks Market by Product Type, 2019-2029
Table South Korea Soft Drinks Market by Type, 2019-2029
Chart South Korea Soft Drinks Market by Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Soft Drinks Market by Type, 2019-2029
Table South Korea Soft Drinks Market by Packaging, 2019-2029
Chart South Korea Soft Drinks Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart South Korea Soft Drinks Market by Packaging, 2019-2029
Table South Korea Soft Drinks Market by Distribution Channel, 2019-2029
Chart South Korea Soft Drinks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Soft Drinks Market by Distribution Channel, 2019-2029
Table South Korea Soft Drinks Market Share (%), by Companies, 2019-2023
Chart South Korea Soft Drinks Market, by Companies, 2023
Table South Korea Soft Drinks Market Share (%), by Brands, 2019-2023
Chart South Korea Soft Drinks 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 Soft Drinks Market: Spend as a Proportion of GDP (%)
Table South Korea Soft Drinks Market: Consumption per Capita (Population)
Companies Mentioned
Woongjin Foods Co., Ltd.
The Coca-Cola Company
Starbucks Corporation
Sparkle Co., Ltd.
Pulmuone Co., Ltd.
PepsiCo, Inc.
Paldo Co., Ltd.
Otsuka Holdings Co. Ltd.
Nongshim Co., Ltd.
Monster Beverage Corporation
Maeil Dairies Co., Ltd.
Lotte Corporation
Kwang Dong Pharmaceutical Co., Ltd.
Kikkoman Corporation
Jeju Province Development Corporation
HITEJINRO CO., LTD.
Dongwon Group
Dong Suh Co., Ltd.
Binggrae Co., Ltd.