Spirits in South Korea
Summary
Spirits in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 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 2023 exchange rates.
- The South Korean Spirits market had total revenues of $8,999.4 million in 2023, representing a negative compound annual growth rate (CAGR) of 4.2% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 0.1% between 2018 and 2023, to reach a total of 1,510.9 million liters in 2023.
- The performance of the market is forecast to accelerate, with an anticipated CAGR of 5.1% for the five-year period 2023-28, which is expected to drive the market to a value of $11,541.0 million by the end of 2028.
- 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 by both value and volume
- What was the size of the South Korea spirits market by value in 2023?
- What will be the size of the South Korea spirits market in 2028?
- What factors are affecting the strength of competition in the South Korea spirits market?
- How has the market performed over the last five years?
- Who are the top competitors in 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 (2018-23)?
- 7.4. Which companies market shares have suffered in the last 5 years (2018-23)?
- 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. Kumbokju Co.,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 spirits market value: $ million, 2018-23
- Table 2: South Korea spirits market volume: million liters, 2018-23
- Table 3: South Korea spirits market category segmentation: % share, by value, 2018-23
- Table 4: South Korea spirits market category segmentation: $ million, 2018-23
- Table 5: South Korea spirits market geography segmentation: $ million, 2023
- Table 6: South Korea spirits market distribution: % share, by volume, 2023
- Table 7: South Korea spirits market value forecast: $ million, 2023-28
- Table 8: South Korea spirits market volume forecast: million liters, 2023-28
- Table 9: South Korea spirits market share: % share, by volume, 2023
- 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: Muhak Co.,Ltd.: Key Facts
- Table 17: Muhak Co.,Ltd.: Annual Financial Ratios
- Table 18: Kumbokju Co.,Ltd.: Key Facts
- Table 19: South Korea Exchange Rate, 2018-23
- List of Figures
- Figure 1: 220 Laboratories Inc: Deal Activity by Deal Type - Volume (2020 - YTD*2024)
- Figure 2: 220 Laboratories Inc: Private Equity and Ownership Volume and Value Trend (2020 - YTD*2024)
- Figure 3: 220 Laboratories Inc: Private Equity and Ownership Volume by Deal Type (2020 - YTD*2024)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook