Beer & Cider in South Korea

Beer & Cider in South Korea

Summary

Beer & Cider in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The beer and cider market consist of the retail sale of beer and cider. The beer segment consists of ale, dark beer, lager, stout, flavored beer, wheat beer, beer mixes and seasonal beer. The cider segment consists of apple cider, flavored cider, pear cider and seasonal cider. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
  • The South Korean beer and cider market had total revenues of $13,778.1 million in 2023, representing a negative compound annual growth rate (CAGR) of 2.4% between 2018 and 2023.
  • Market consumption volume increased with a CAGR of 1.2% between 2018 and 2023, to reach a total of 2,301 million liters in 2023.
  • The performance of the market is forecast to accelerate, with an anticipated CAGR of 1.9% for the five-year period 2023-2028, which is expected to drive the market to a value of $15,152.9 million by the end of 2028.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the beer & cider market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the beer & cider market in South Korea
  • Leading company profiles reveal details of key beer & cider market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea beer & cider market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea beer & cider market by value in 2023?
  • What will be the size of the South Korea beer & cider market in 2028?
  • What factors are affecting the strength of competition in the South Korea beer & cider market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's beer & cider market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players in the South Korean beer and cider market?
7.3. Which companies have been most successful in increasing their market shares between 2018-2023?
7.4. Which companies market shares between 2018-2023?
7.5. What are the most popular brands in the South Korean beer and ciders market?
8 Company Profiles
8.1. Molson Coors Beverage Company
8.2. Hite Jinro Co Ltd
8.3. Lotte Chilsung Beverage Co Ltd
8.4. Asahi Group Holdings Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Korea beer & cider market value: $ million, 2018-23
Table 2: South Korea beer & cider market volume: million liters, 2018-23
Table 3: South Korea beer & cider market category segmentation: % share, by value, 2018-23
Table 4: South Korea beer & cider market category segmentation: $ million, 2018-23
Table 5: South Korea beer & cider market geography segmentation: $ million, 2023
Table 6: South Korea beer & cider market distribution: % share, by volume, 2023
Table 7: South Korea beer & cider market value forecast: $ million, 2023-28
Table 8: South Korea beer & cider market volume forecast: million liters, 2023-28
Table 9: South Korea beer & cider market share: % share, by volume, 2023
Table 10: Molson Coors Beverage Company: Key Facts
Table 11: Molson Coors Beverage Company: Annual Financial Ratios
Table 12: Molson Coors Beverage Company: Key Employees
Table 13: Hite Jinro Co Ltd: Key Facts
Table 14: Hite Jinro Co Ltd: Annual Financial Ratios
Table 15: Hite Jinro Co Ltd: Key Employees
Table 16: Lotte Chilsung Beverage Co Ltd: Key Facts
Table 17: Lotte Chilsung Beverage Co Ltd: Annual Financial Ratios
Table 18: Lotte Chilsung Beverage Co Ltd: Key Employees
Table 19: Asahi Group Holdings Ltd: Key Facts
Table 20: Asahi Group Holdings Ltd: Annual Financial Ratios
Table 21: Asahi Group Holdings Ltd: Key Employees
Table 22: South Korea Size of Population (million), 2019-23
Table 23: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 24: South Korea GDP (Current Prices, $ Billion), 2019-23
Table 25: South Korea Inflation, 2019-23
Table 26: South Korea Consumer Price Index (Absolute), 2019-23
Table 27: South Korea Exchange Rate, 2018-23
List of Figures
Figure 1: South Korea beer & cider market value: $ million, 2018-23
Figure 2: South Korea beer & cider market volume: million liters, 2018-23
Figure 3: South Korea beer & cider market category segmentation: $ million, 2018-23
Figure 4: South Korea beer & cider market geography segmentation: % share, by value, 2023
Figure 5: South Korea beer & cider market distribution: % share, by volume, 2023
Figure 6: South Korea beer & cider market value forecast: $ million, 2023-28
Figure 7: South Korea beer & cider market volume forecast: million liters, 2023-28
Figure 8: Forces driving competition in the beer & cider market in South Korea, 2023
Figure 9: Drivers of buyer power in the beer & cider market in South Korea, 2023
Figure 10: Drivers of supplier power in the beer & cider market in South Korea, 2023
Figure 11: Factors influencing the likelihood of new entrants in the beer & cider market in South Korea, 2023
Figure 12: Factors influencing the threat of substitutes in the beer & cider market in South Korea, 2023
Figure 13: Drivers of degree of rivalry in the beer & cider market in South Korea, 2023
Figure 14: South Korea beer & cider market share: % share, by volume, 2023

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