South Korea Beer and Cider Market Analysis by Category and Segment, Company and Brand, Price, Packaging and Consumer Insights
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South Korea Beer and Cider Market Report Overview
The South Korea beer and cider market size was LCU17.65 trillion in 2022 and the market is expected to register a CAGR of more than 1% during 2023-2028.
South Korea Beer and Cider Market Outlook, 2022-2028 (LCU Trillion)
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The South Korea beer and cider market research report provides detailed data analysis of the beer and cider sector as well as an introduction, category and segment insights, company and brand insights, channel insights, packaging insights, and appendix sections.
Market Size (2022) | LCU17.65 trillion |
CAGR (2023-2028) | >1% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2028 |
Key Distribution Channels | · On-Premise
· Off-Premise |
Key Packaging Materials | · Metal
· Glass · PET |
Key Packaging Types | · Can
· Bottle · Keg |
Leading Brands | · Cass
· Terra (Hite Brewery) · Hite · Filite · Kloud |
Leading Companies | · Oriental Brewery
· Hite Brewery · Lotte Chilsung Beverage · Heineken Korea · Diageo Korea |
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South Korea Beer and Cider Market Segmentation by Distribution Channels
The off-premise channel dominated the market by value and volume in 2022.
The key distribution channels in the South Korea beer and cider market are off-premise and on-premise. Off-premise comprises volumes of beer and cider sold for “subsequent consumption” away from the place of purchase through traditional and modern retail channels, convenience, and discount stores. The convenience sub-channel will post the highest volume CAGR during 2022–28 underpinned by its competitive prices and rising demand for convenience among consumers.
South Korea Beer and Cider Market Analysis by Distribution Channels, 2022 (%)
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South Korea Beer and Cider Market Segmentation by Packaging
Bottle was the most preferred packaging type in 2022.
The key packaging types in the South Korea beer and cider market are can, bottle, and keg. Bottle had the major market volume share in 2022. The key packaging materials in the South Korea beer and cider market are metal, glass, and PET. The metal packaging material had the highest volume in 2022.
South Korea Beer and Cider Market Analysis by Packaging Types, 2022 (%)
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South Korea Beer and Cider Market – Top Brands
Cass was the leading brand with the highest value in 2022.
The report offers the market share and growth in terms of volume and value of the top-performing South Korea beer and cider brands. Some of the leading brands in the South Korea beer and cider market are-
- Cass
- Terra (Hite Brewery)
- Hite
- Filite
- Kloud
South Korea Beer and Cider Market Analysis by Brands, 2022 (%)
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South Korea Beer and Cider Market – Competitive Landscape
Oriental Brewery held the largest South Korea beer and cider market share in 2022.
The report offers the market share and growth in terms of volume and value of the top-performing South Korea beer and cider companies. Some of the leading companies in the South Korea beer and cider market are –
- Oriental Brewery
- Hite Brewery
- Lotte Chilsung Beverage
- Heineken Korea
- Diageo Korea
South Korea Beer and Cider Market Analysis by Companies, 2022 (%)
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Segments Covered in the Report
South Korea Beer and Cider Market Distribution Channel Outlook (Value, LCU Trillion, 2017-2028)
- On-Premise
- Off-Premise
South Korea Beer and Cider Market Packaging Material Outlook (Value, LCU Trillion, 2017-2028)
- Metal
- Glass
- PET
South Korea Beer and Cider Market Packaging Type Outlook (Value, LCU Trillion, 2017-2028)
- Can
- Bottle
- Keg
Scope
a) Amid increasing health consciousness, more South Korean consumers opted for zero- or low-alcohol beer and cider in 2022. This trend undercut sales of products with a high alcohol content. As a result, the strong alcoholic-strength band (ABV>5.5) posted an annual decline of 44.2%. Meanwhile, regular-strength beer and cider posted slower growth than low-/no-alcohol variants.
b) The lifting of public mobility restrictions stimulated economic recovery in 2022. As people left their homes more often, on-premise volumes of beer & cider increased by 38.2% annually. The revival of social gatherings and events also contributed to an increase in consumption.
Reasons to Buy
- Gain an in-depth understanding of the dynamics and structure of the South Korea beer and cider industry, from the latest competitive intelligence of both historical and forecast trends to enhance your corporate strategic planning.
- Evaluate the current emerging trends and future growth opportunities in the South Korea beer and cider market to support your brand development and marketing initiatives.
- Understand volume vs. value trends and identify the key growth opportunities across the super-premium, premium, mainstream, and discount segments to best target profitability.
- Analyze domestic and imported beer brand performance and determine the key trends driving consumption preference to develop a competitive advantage.
- Interrogate the unique granularity of our data to Analyze the market on a variety of levels to make well-informed decisions on future threats and growth prospects in the marketplace for your company.
Hite Brewery Co.
Lotte Chilsung Beverage Co.,Ltd.
Heineken Korea
Diageo Korea
Lotte Asahi Liquor Co Ltd
BK Co Ltd
San Miguel Korea (Sanmi Co)
Table of Contents
Frequently asked questions
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What was the South Korea beer and cider market size in 2022?
The beer and cider market size in South Korea was LCU17.65 trillion in 2022.
-
What is the South Korea beer and cider market growth rate?
The beer and cider market in South Korea is expected to register a CAGR of more than 1% during 2023-2028.
-
Which was the leading distribution channel in terms of value in the South Korea beer and cider market in 2022?
The leading distribution channel in terms of value in the South Korea beer and cider market was off-premise in 2022.
-
Which was the leading packaging material in the South Korea beer and cider market in 2022?
The leading packaging material in the South Korea beer and cider market was metal in 2022.
-
Which was the leading packaging type in the South Korea beer and cider market in 2022?
The leading packaging type in the South Korea beer and cider market was bottle in 2022.
-
Which are the leading brands in the South Korea beer and cider market?
Some of the leading brands in the South Korea beer and cider market are Cass, Terra (Hite Brewery), Hite, Filite, and Kloud among others.
-
Which are the leading companies in the South Korea beer and cider market?
Some of the leading companies in the South Korea beer and cider market are Oriental Brewery, Hite Brewery, Lotte Chilsung Beverage, Heineken Korea, and Diageo Korea among others.
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