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South Korea Spirits Market Summary and Forecast

Best Price Guarantee Length Publisher Published Date SKU
from $350 40 Pages MarketLine December, 2023 MTLN18538666
Best Price Guarantee
Price from $350
Length 40 Pages
Publisher MarketLine
Published Date December, 2023
SKU MTLN18538666

South Korea Spirits Market Summary and Forecast


Summary

Spirits in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The spirits market consists of the sale of brandy, gin & genever, liqueurs, rum, specialty spirits, tequila & mezcal, vodka and whiskey. 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 2022 exchange rates.
  • The South Korean Spirits market had total revenues of $8,479.5 million in 2022, representing a compound annual growth rate (CAGR) of -1.9% between 2017 and 2022.
  • Market consumption volumes declined with a CAGR of -0.1% between 2017 and 2022, to reach a total of 1,481 million liters in 2022.
  • The performance of the market is forecast to accelerate, with an anticipated CAGR of 5% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $10,813.7 million by the end of 2027.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spirits market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spirits market in South Korea
  • Leading company profiles reveal details of key spirits market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea spirits market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea spirits market by value in 2022?
  • What will be the size of the South Korea spirits market in 2027?
  • What factors are affecting the strength of competition in the South Korea spirits market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's spirits 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 spirits market?
7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2017-2022)?
7.4. Which companies market shares have suffered in the last 5 years (2017-2022)?
7.5. What are the most popular brands in the South Korean spirits market?
8 Company Profiles
8.1. Hite Jinro Co Ltd
8.2. Lotte Chilsung Beverage Co Ltd
8.3. Muhak Co.,Ltd.
8.4. Country data
9 Appendix
9.1. Methodology
9.2. Industry associations
9.3. Related MarketLine research
9.4. About MarketLine
List of Tables
Table 1: South Korea spirits market value: $ million, 2017–22
Table 2: South Korea spirits market volume: million liters, 2017–22
Table 3: South Korea spirits market category segmentation: % share, by volume, 2017–2022
Table 4: South Korea spirits market category segmentation: million liters, 2017-2022
Table 5: South Korea spirits market geography segmentation: $ million, 2022
Table 6: South Korea spirits market distribution: % share, by volume, 2022
Table 7: South Korea spirits market value forecast: $ million, 2022–27
Table 8: South Korea spirits market volume forecast: million liters, 2022–27
Table 9: South Korea spirits market share: % share, by volume, 2022
Table 10: Hite Jinro Co Ltd: key facts
Table 11: Hite Jinro Co Ltd: Annual Financial Ratios
Table 12: Hite Jinro Co Ltd: Key Employees
Table 13: Lotte Chilsung Beverage Co Ltd: key facts
Table 14: Lotte Chilsung Beverage Co Ltd: Annual Financial Ratios
Table 15: Lotte Chilsung Beverage Co Ltd: Key Employees
Table 16: Kumbokju Co.,Ltd.: key facts
Table 17: Muhak Co.,Ltd.: key facts
Table 18: Muhak Co.,Ltd.: Annual Financial Ratios
Table 19: South Korea size of population (million), 2018–22
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2018–22
Table 21: South Korea gdp (current prices, $ billion), 2018–22
Table 22: South Korea inflation, 2018–22
Table 23: South Korea consumer price index (absolute), 2018–22
Table 24: South Korea exchange rate, 2018–22
List of Figures
Figure 1: South Korea spirits market value: $ million, 2017–22
Figure 2: South Korea spirits market volume: million liters, 2017–22
Figure 3: South Korea spirits market category segmentation: million liters, 2017-2022
Figure 4: South Korea spirits market geography segmentation: % share, by value, 2022
Figure 5: South Korea spirits market distribution: % share, by volume, 2022
Figure 6: South Korea spirits market value forecast: $ million, 2022–27
Figure 7: South Korea spirits market volume forecast: million liters, 2022–27
Figure 8: Forces driving competition in the spirits market in South Korea, 2022
Figure 9: Drivers of buyer power in the spirits market in South Korea, 2022
Figure 10: Drivers of supplier power in the spirits market in South Korea, 2022
Figure 11: Factors influencing the likelihood of new entrants in the spirits market in South Korea, 2022
Figure 12: Factors influencing the threat of substitutes in the spirits market in South Korea, 2022
Figure 13: Drivers of degree of rivalry in the spirits market in South Korea, 2022
Figure 14: South Korea spirits market share: % share, by volume, 2022

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