South Korea Hot Drinks Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026

South Korea Hot Drinks Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026

Summary

GlobalData’s Country Profile report on the hot drinks sector in South Korea provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

The South Korean hot drinks sector is led by the hot coffee category in both value and volume terms in 2021. The hot tea category is forecast to register the fastest value and volume growth and ‘during 2021-2026. Convenience stores is the leading channel in the distribution of hot drinks in the country. The Kraft Heinz Company, Nestlé, and Namyang Dairy Products Co are the top three companies in the South Korean hot drinks sector. Flexible packaging is the most commonly used pack material in the South Korean hot drinks sector.

What else is contained?

• Sector data: Overall sector value and volume data with growth analysis for 2016-2026
• Category coverage: Value and growth analysis for hot coffee, hot tea, other Hot drinks with inputs on individual segment share within each category and the change in their market share forecast for 2021-2026
• Leading players: Market share of compaines (in value terms) in 2021
• Distribution data: Percentage of sales within each category through distribution channels such as cash & carries & warehouse clubs, convenience stores, department stores, food & drinks specialists, hypermarkets & supermarkets, e-retailers, “dollar stores”, variety stores & general merchandise retailers other general retailers
• Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, rigid plastics, paper & board and rigid metal; pack type for: jar, bag/sachet, tub, speciality container, stand up pouch, carton - folding, can, pod and other pack type, closure type for: flip/snap top, screw top, prize off, twist off, plastic tie and other closure types, primary outer types for: carton - folding, bag, sleeve and shrink wrap.

• The per capita consumption and expenditure of hot drinks in South Korea was higher than both the global and the regional levels in 2021
• The per capita consumption of hot coffee was higher in South Korea than other categories in 2021
• The Kraft Heinz Company, Nestlé, and Namyang Dairy Products Co are the top three companies in the South Korean hot drinks sector.
• Hot coffee, was the most sold category in volume terms across leading cities in South Korea
• “Older young adults” represent the largest subset of the hot drinks sector in South Korea

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.