The South Korea wine market is poised for gradual growth, with an expected incremental increase of USD 0.8 billion, reflecting a compound annual growth rate (CAGR) of nearly 3.9% from 2024 to 2029. South Korea’s wine market is expanding rapidly, driven by increasing disposable incomes and changing dietary habits. With a young and dynamic consumer base, wine has gained popularity as an alternative to traditional alcoholic beverages such as soju and beer. Wine’s association with premium, luxury lifestyles has also led to a rise in demand for imported wines, particularly among affluent consumers. Moreover, wine consumption is gaining momentum in the corporate and social settings, with wine now commonly featured in social gatherings and celebrations.
The report offers a comprehensive evaluation of the South Korea wine market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, pricing, packaging and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the wine industry.
Market Segmentation
The South Korea wine market is classified into the following segments:
Product type: non-grape wine, sparkling wine (champagne, others), still wine (still red wine, still rosé wine, still white wine)
Pricing: mass, mid-priced, premium
Packaging: glass, metal, others
Distribution channel: convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
The wine market in the South Korea is segmented by product type, pricing, packaging and distribution channel. By product type, it includes non-grape wine, sparkling wine (champagne, others), and still wine (still red wine, still rosé wine, still white wine). Pricing segments are divided into mass, mid-priced, and premium. Packaging segments comprise glass, metal, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
Leading companies in the wine market comprise Vina Concha Y Toro S.A., Shinsegae L&b Co. Ltd., Seoul Takju Manufacturers Association, Pusan Takju Association, Niigata Hakuryu Ltd., Montes S.A., LVMH Moet Hennessy Louis Vuitton SA (LVMH), Lotte Corporation, Kooksoondang Brewery Co. Ltd., Jipyeong Brewing Co. Ltd., HITEJINRO CO. LTD., Heineken N.V., Gianni Gagliardo, Daegu Takju Association, Compania Cervecerias Unidas S.A., Bohae Brewery Co. Ltd. and Baesangmyun Brewery Co. Ltd.
This analysis offers a comprehensive overview of the main players in the wine market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea wine market.
Gain in-depth analysis and forecasts for the key segments of the South Korea wine market: product type, pricing, 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 wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea wine 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 Wine Market – Product Type Analysis
South Korea Wine Market – Pricing Analysis
South Korea Wine Market – Packaging Analysis
South Korea Wine Market – Distribution Channel Analysis
Key Players and Market Share
– Vina Concha Y Toro S.A.
– Shinsegae L&b Co., Ltd.
– Seoul Takju Manufacturers Association
– Pusan Takju Association
– Niigata Hakuryu Ltd.
– Montes S.A.
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Lotte Corporation
– Kooksoondang Brewery Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Wine Market 2019-2029
Chart South Korea Wine Market, Net Growth, 2019-2029
Chart South Korea Wine Market, Growth Rates, 2019-2029
Table South Korea Wine Market by Product Type, 2019-2029
Chart South Korea Wine Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Wine Market by Product Type, 2019-2029
Table South Korea Wine Market by Pricing, 2019-2029
Chart South Korea Wine Market by Pricing, CAGR Historic and Forecast, 2019-2029
Chart South Korea Wine Market by Pricing, 2019-2029
Table South Korea Wine Market by Packaging, 2019-2029
Chart South Korea Wine Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart South Korea Wine Market by Packaging, 2019-2029
Table South Korea Wine Market by Distribution Channel, 2019-2029
Chart South Korea Wine Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Wine Market by Distribution Channel, 2019-2029
Table South Korea Wine Market Share (%), by Companies, 2019-2023
Chart South Korea Wine Market, by Companies, 2023
Table South Korea Wine Market Share (%), by Brands, 2019-2023
Chart South Korea Wine 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 Wine Market: Spend as a Proportion of GDP (%)
Table South Korea Wine Market: Consumption per Capita (Population)
Companies Mentioned
Vina Concha Y Toro S.A.
Shinsegae L&b Co., Ltd.
Seoul Takju Manufacturers Association
Pusan Takju Association
Niigata Hakuryu Ltd.
Montes S.A.
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lotte Corporation
Kooksoondang Brewery Co., Ltd.
Jipyeong Brewing Co., Ltd.
HITEJINRO CO., LTD.
Heineken N.V.
Gianni Gagliardo
Daegu Takju Association
Compania Cervecerias Unidas S.A.
Bohae Brewery Co., Ltd.
Baesangmyun Brewery Co., Ltd.