South Korea Spirits Market 2025$425.0
Projections for the South Korea spirits market suggest a promising growth trajectory, with an anticipated rise of USD 4.6 billion and a CAGR nearing 5.4% over the next five years. 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.
Providing a holistic view of the South Korea spirits market, this report analyzes historical performance from 2020 to 2024 and projects trends through 2030. It evaluates market size, growth rates, and key segments, uncovering the forces driving change in the sector. With a focus on product type and distribution channel, the report delivers a detailed analysis to inform strategic planning and market positioning.
Market Segmentation
The South Korea spirits market is structured as follows:
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
The spirits market in South Korea is segmented across product type and distribution channel. In terms of product type, the market is segmented into 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
Key players in the spirits market consist of 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.
The report provides a detailed assessment of prominent companies within the spirits market, tracking their performance from 2020 to 2024. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
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.
A single unlimited user license within the same organization, with no additional charges for extra users.
Table of Contents
TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
South Korea Spirits Market – Product Type Analysis
South Korea Spirits Market – Distribution Channel Analysis
Company Shares Analysis
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
Research Methodology
Disclaimer
FIGURES AND TABLES
Table South Korea Spirits Market 2020-2030
Chart South Korea Spirits Market, Net Growth, 2020-2030
Chart South Korea Spirits Market, Growth Rates, 2020-2030
Table South Korea Spirits Market by Product Type, 2020-2030
Chart South Korea Spirits Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart South Korea Spirits Market by Product Type, 2020-2030
Table South Korea Spirits Market by Distribution Channel, 2020-2030
Chart South Korea Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart South Korea Spirits Market by Distribution Channel, 2020-2030
Table South Korea Spirits Market Share (%), by Companies, 2020-2024
Chart South Korea Spirits Market, by Companies, 2024
Table South Korea Spirits Market Share (%), by Brands, 2020-2024
Chart South Korea Spirits Market, by Brands, 2024
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.
$425.0
What's Inside?
→ Market Estimates, Forecasts & Historical Data
→ Critical Performance Data and Rankings
→ Emerging Trends, Market Changes
→ PDF Report and Excel Datasheet
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