South Korea Spirits Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

South Korea Spirits Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

Summary

GlobalData’s Country Profile report on the spirits in the 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 spirits sector was led by the specialty spirits category in value terms in 2021. The flavored alcoholic beverages category is forecast to register the fastest value growth during 2021-2026. Food & drinks specialists was the leading channel in distribution of spirits sector in the country. Glass was the most commonly used pack material in the South Korean spirits sector. Hite Jinro Co., Ltd, LOTTE CHILSUNG BEVERAGE CO.,LTD., and Muhak Co.,Ltd. are the leading companies in the country.

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 brandy, flavored alcoholic beverages, gin & genever, liqueurs, rum, specialty spirits, tequila & mezcal, vodka and whiskey 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 companies (in value terms) and private labels (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, vending machines, drug stores & pharmacies, health & beauty stores and 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, and rigid metal; pack type for: bottle, can, closure type for: screw top, and stopper, primary outer types for: carton - folding.

• Per capita consumption and per capita expenditure of spirits were higher in the South Korea than both the global and regional levels in 2021
• The per capita consumption of Specialty spirits was higher than other spirits categories in the South Korea, in 2021
• Food & drinks specialists is the leading distribution channel in the South Korea spirits sector
• Specialty spirits, recorded highest volume sales across leading cities in the South Korea
• “Older young adults” represent the largest subset of the spirits sector in the 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.