Wine in South Korea
Summary
Wine 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 wine market consists of the sale of still wine, sparkling wine and fortified wine. 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 Wine market had total revenues of $2,993.3 million in 2023, representing a compound annual growth rate (CAGR) of 6.4% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 4.2% between 2018 and 2023, to reach a total of 53.8 million liters in 2023.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 5.3% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $3,882.1 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 wine market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the wine market in South Korea
- Leading company profiles reveal details of key wine market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea wine market with five year forecasts
- What was the size of the South Korea wine market by value in 2023?
- What will be the size of the South Korea wine market in 2028?
- What factors are affecting the strength of competition in the South Korea wine market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's wine 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 wine market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2018-2023)?
- 7.4. Which companies market shares have suffered over the same period?
- 7.5. What are the most popular brands in the South Korean wine market?
- 8 Company Profiles
- 8.1. F.W. Langguth Erben GmbH & Co. KG
- 8.2. Keumyang Intenational Co
- 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 wine market value: $ million, 2018-23
- Table 2: South Korea wine market volume: million liters, 2018-23
- Table 3: South Korea wine market category segmentation: % share, by value, 2018-2023
- Table 4: South Korea wine market category segmentation: $ million, 2018-2023
- Table 5: South Korea wine market geography segmentation: $ million, 2023
- Table 6: South Korea wine market distribution: % share, by volume, 2023
- Table 7: South Korea wine market value forecast: $ million, 2023-28
- Table 8: South Korea wine market volume forecast: million liters, 2023-28
- Table 9: South Korea wine market share: % share, by volume, 2023
- Table 10: F.W. Langguth Erben GmbH & Co. KG: key facts
- Table 11: Keumyang Intenational Co: key facts
- Table 12: South Korea size of population (million), 2019-23
- Table 13: South Korea gdp (constant 2005 prices, $ billion), 2019-23
- Table 14: South Korea gdp (current prices, $ billion), 2019-23
- Table 15: South Korea inflation, 2019-23
- Table 16: South Korea consumer price index (absolute), 2019-23
- Table 17: South Korea exchange rate, 2019-23
- List of Figures
- Figure 1: South Korea wine market value: $ million, 2018-23
- Figure 2: South Korea wine market volume: million liters, 2018-23
- Figure 3: South Korea wine market category segmentation: $ million, 2018-2023
- Figure 4: South Korea wine market geography segmentation: % share, by value, 2023
- Figure 5: South Korea wine market distribution: % share, by volume, 2023
- Figure 6: South Korea wine market value forecast: $ million, 2023-28
- Figure 7: South Korea wine market volume forecast: million liters, 2023-28
- Figure 8: Forces driving competition in the wine market in South Korea, 2023
- Figure 9: Drivers of buyer power in the wine market in South Korea, 2023
- Figure 10: Drivers of supplier power in the wine market in South Korea, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the wine market in South Korea, 2023
- Figure 12: Factors influencing the threat of substitutes in the wine market in South Korea, 2023
- Figure 13: Drivers of degree of rivalry in the wine market in South Korea, 2023
- Figure 14: South Korea wine market share: % share, by volume, 2023
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