The South Korea spirits sector is poised for a dynamic growth phase, anticipating an increase of USD 4.6 billion and a compound annual growth rate (CAGR) of approximately 5.4% from 2024 to 2029. In South Korea, the spirits market is being propelled by the increasing popularity of Western-style spirits, particularly whiskey, vodka, and gin, which are becoming a staple in the country’s growing cocktail culture. As the younger, more affluent demographic becomes more open to global drinking trends, there is a growing demand for premium and craft spirits. Additionally, South Korea’s increasing interest in mixology and the sophistication of its urban drinking scene is driving innovation in the spirits market. The rise of health-consciousness is also influencing consumer preferences, leading to a demand for lighter, lower-alcohol options in the marketplace.
This report provides a thorough assessment of the South Korea spirits 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 and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the spirits industry.
Market Segmentation
The South Korea spirits market is categorized into the following segments:
Product type: brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, others
Distribution channel: convenience stores, supermarkets and hypermarkets, warehouse clubs, grocery stores, bars and HoReCa, others
In South Korea, the spirits market is segmented by product type and distribution channel. By product type, it includes brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, warehouse clubs, grocery stores, bars and HoReCa, and others.
Competitive Landscape
Leading companies in the spirits market comprise Stuart Brewery, Pernod Ricard Group, Muhak Co. Ltd., Lotte Corporation, Kumbokju Co. Ltd., HITEJINRO CO. LTD., Golden Blue Co. Ltd., Diageo plc, Daesun Distilling Co. Ltd. and Bohae Brewery Co. Ltd.
This comprehensive report analyzes the performance of leading companies in the spirits 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 spirits market.
Gain in-depth analysis and forecasts for the key segments of the South Korea spirits market: product type 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 spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea spirits 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 Spirits Market – Product Type Analysis
South Korea Spirits Market – Distribution Channel Analysis
Key Players and Market Share
– Stuart Brewery
– Pernod Ricard Group
– Muhak Co., Ltd.
– Lotte Corporation
– Kumbokju Co., Ltd.
– HITEJINRO CO., LTD.
– Golden Blue Co., Ltd.
– Diageo plc
– Daesun Distilling Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Spirits Market 2019-2029
Chart South Korea Spirits Market, Net Growth, 2019-2029
Chart South Korea Spirits Market, Growth Rates, 2019-2029
Table South Korea Spirits Market by Product Type, 2019-2029
Chart South Korea Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Spirits Market by Product Type, 2019-2029
Table South Korea Spirits Market by Distribution Channel, 2019-2029
Chart South Korea Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Spirits Market by Distribution Channel, 2019-2029
Table South Korea Spirits Market Share (%), by Companies, 2019-2023
Chart South Korea Spirits Market, by Companies, 2023
Table South Korea Spirits Market Share (%), by Brands, 2019-2023
Chart South Korea Spirits 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 Spirits Market: Spend as a Proportion of GDP (%)
Table South Korea Spirits Market: Consumption per Capita (Population)
Companies Mentioned
Stuart Brewery
Pernod Ricard Group
Muhak Co., Ltd.
Lotte Corporation
Kumbokju Co., Ltd.
HITEJINRO CO., LTD.
Golden Blue Co., Ltd.
Diageo plc
Daesun Distilling Co., Ltd.
Bohae Brewery Co., Ltd.