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Wine Market in South Korea 2021
Wine is a fermented beverage produced from grapes and sometimes other fruits. Yeast consumes the sugar in the grapes and converts it to ethanol, carbon dioxide and heat. Wine ABV (alcohol by volume) can range from as low as 5.5% to as much as 23%. The wine market in South Korea in terms of revenue is set to grow by US$ 1 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period, according to data and analytics company StrategyHelix. Rise in number of wineries, increase in wine production, growth in disposable personal income levels and a consumer trend in alcoholic beverages toward premium products, such as wine, and away from beer are the key factors driving market growth.
The report provides up-to-date market size data for period 2017-2020 and forecast to 2027 covering key market aspects like sales value for wine. The South Korea wine market is segmented on the basis of product, distribution channel. By product, it is categorized into fortified wine, fruit wine, sparkling wine, and still wine. The still wine segment held the largest market share in 2020. By distribution channel, the wine market is divided into supermarkets & hypermarkets, food & drink specialists, online retail, and others.
The report has profiled some of the key players of the market such as Bohae Brewery Co. Ltd., Distell Group Limited, Kook Soon Dang Brewery Co. Ltd., LOTTE Group, LVMH Moet Hennessy Louis Vuitton SA, Seoul Takju Manufacturers Association, Shinsegae L&B Co. Ltd..
The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the wine market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
Product: fortified wine, fruit wine, sparkling wine, and still wine
Distribution channel: supermarkets & hypermarkets, food & drink specialists, online retail, and others
Years Considered: this report covers the period 2017 to 2027
Key Benefits for Stakeholders
Get a comprehensive picture of the South Korea wine market
Pinpoint growth sectors and trends for investment
Understand what the future of the wine market in South Korea looks like
Identify the competitive landscape and window of opportunity
Table of Contents
1. Market Definition
2. Research Methodology
3. Market Data & Outlook
3.1 Market Value
3.2 Market Value Forecast
4. Wine Market by Product
4.1 Fortified Wine
4.2 Fruit Wine
4.3 Sparkling Wine
4.4 Still Wine
5. Wine Market by Distribution Channel
5.1 Supermarkets & Hypermarkets
5.2 Food & Drink Specialists
5.3 Online Retail
6. Company Profiles
6.1 Bohae Brewery Co., Ltd.
6.2 Distell Group Limited
6.3 Kook Soon Dang Brewery Co., Ltd.
6.4 LOTTE Group
6.5 LVMH Moet Hennessy Louis Vuitton SA
6.6 Seoul Takju Manufacturers Association
6.7 Shinsegae L&B Co., Ltd.
7.1 About StrategyHelix
25 May 2021