Spirits in South Korea - Market Summary, Competitive Analysis and Forecast, 2016-2025
Summary
Spirits in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). 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 and genever, liqueurs, rum, specialty spirits, tequila and 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 2020 exchange rates.
- The South Korean spirits market had total revenues of $9.4bn in 2020, representing a compound annual rate of change (CARC) of -1.6% between 2016 and 2020.
- Market consumption volume increased with a compound annual growth rate (CAGR) of 1.3% between 2016-2020, to reach a total of 1,542.2 million litres in 2020.
- The performance of the market is forecast to accelerate, with an anticipated CAGR of 7.2% for the five-year period 2020 - 2025, which is expected to drive the market to a value of $13.3bn by the end of 2025.
- Save time carrying out entry-level research by identifying the size, growth, 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
- What was the size of the South Korea spirits market by value in 2020?
- What will be the size of the South Korea spirits market in 2025?
- What factors are affecting the strength of competition in the South Korea spirits market?
- How has the market performed over the last five years?
- How large is South Korea’s spirits market in relation to its regional counterparts?
Companies Mentioned
Hite Jinro Co Ltd
Lotte Chilsung Beverage Co Ltd
- 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 four years (2016-20)?
- 7.4. Which companies’ market shares have suffered over the same period?
- 7.5. What are the most popular brands in the market?
- 8 Company Profiles
- 8.1. Hite Jinro Co Ltd
- 8.2. Lotte Chilsung Beverage 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: $ billion, 2016-20
- Table 2: South Korea spirits market volume: million liters, 2016-20
- Table 3: South Korea spirits market category segmentation: $ billion, 2020
- Table 4: South Korea spirits market geography segmentation: $ billion, 2020
- Table 5: South Korea spirits market distribution: % share, by volume, 2020
- Table 6: South Korea spirits market value forecast: $ billion, 2020-25
- Table 7: South Korea spirits market volume forecast: million liters, 2020-25
- Table 8: South Korea spirits market share: % share, by volume, 2020
- Table 9: Hite Jinro Co Ltd: key facts
- Table 10: Hite Jinro Co Ltd: Annual Financial Ratios
- Table 11: Hite Jinro Co Ltd: Key Employees
- Table 12: Lotte Chilsung Beverage Co Ltd: key facts
- Table 13: Lotte Chilsung Beverage Co Ltd: Annual Financial Ratios
- Table 14: Lotte Chilsung Beverage Co Ltd: Key Employees
- Table 15: South Korea size of population (million), 2016-20
- Table 16: South Korea gdp (constant 2005 prices, $ billion), 2016-20
- Table 17: South Korea gdp (current prices, $ billion), 2016-20
- Table 18: South Korea inflation, 2016-20
- Table 19: South Korea consumer price index (absolute), 2016-20
- Table 20: South Korea exchange rate, 2016-20
- List of Figures
- Figure 1: South Korea spirits market value: $ billion, 2016-20
- Figure 2: South Korea spirits market volume: million liters, 2016-20
- Figure 3: South Korea spirits market category segmentation: % share, by value, 2020
- Figure 4: South Korea spirits market geography segmentation: % share, by value, 2020
- Figure 5: South Korea spirits market distribution: % share, by volume, 2020
- Figure 6: South Korea spirits market value forecast: $ billion, 2020-25
- Figure 7: South Korea spirits market volume forecast: million liters, 2020-25
- Figure 8: Forces driving competition in the spirits market in South Korea, 2020
- Figure 9: Drivers of buyer power in the spirits market in South Korea, 2020
- Figure 10: Drivers of supplier power in the spirits market in South Korea, 2020
- Figure 11: Factors influencing the likelihood of new entrants in the spirits market in South Korea, 2020
- Figure 12: Factors influencing the threat of substitutes in the spirits market in South Korea, 2020
- Figure 13: Drivers of degree of rivalry in the spirits market in South Korea, 2020
- Figure 14: South Korea spirits market share: % share, by volume, 2020
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