South Korea Beverages Consumption Trends and Forecasts Tracker, Q3 2024
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South Korea Beverages Market Report Overview
The South Korea beverages market size was 7.31 billion liters (BL) in Q3 2024. The South Korea beverages market research report offers comprehensive consumption volume data across several beverage categories for Q3 2024. Furthermore, the report precisely lists new product launches and highlights the latest beverage industry performance and developments every quarter.
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South Korea Beverages Market Segmentation by Categories
South Korea Beverages Market Analysis by Categories, Q3 2024 (%)
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Soft drinks, hot drinks, alcoholic drinks, and dairy & soy drinks & milk alternatives are the primary South Korea beverages market categories. In Q3 2024, hot drinks accounted for the highest beverage market share in South Korea.
Hot drinks: Hot coffee, hot tea, and other hot drinks are the main sub-categories within the hot drinks sector. Hot coffee was the most consumed sub-category in the South Korea beverages market.
Soft Drinks Beverages Market Analysis by Sub-Categories, Q3 2024 (%)
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Soft drinks: The primary sub-categories are packaged water, carbonates, bulk/HOD water, iced/RTD coffee drinks, and sports drinks, among others. Packaged water accounted for the highest consumption volume in Q3 2024.
Dairy and soy drinks and milk alternatives: The key sub-categories within the dairy and soy drinks and milk alternatives sector are white milk, drinking yogurt, and soymilk, among others. Among the segments, white milk accounted for the highest volume in the South Korean beverages market.
Alcoholic drinks: Beer, specialty spirits, and sparkling wine, among others are the major sub-categories within the alcoholic drinks sector. In Q3 2024, beer was the leading sub-category with the highest consumption volume in the South Korea beverages market.
| Time Period | Q3 2024 |
| Consumption Volume (Q3 2024) | 7.31 billion liters (BL) |
| Key Segments | · Soft Drinks
· Hot Drinks · Alcoholic Drinks · Dairy and Soy Drinks and Milk Alternatives |
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Segments Covered in the Report
South Korea Beverages Market Segments Outlook (Volume, Billion Liters, Q3 2024)
- Soft Drinks
- Packaged Water
- Carbonates
- Bulk/HOD Water
- Iced/RTD Coffee Drinks
- Sports Drinks
- Still Drinks
- Iced/RTD Tea Drinks
- Squash/Syrups
- Nectars
- Energy Drinks
- Juice
- Enhanced Water
- Flavored Water
- Hot Drinks
- Hot Coffee
- Hot Tea
- Other Hot Drinks
- Alcoholic Drinks
- Beer
- Specialty Spirits
- Sparkling Wine
- Still Wine
- Liqueurs
- Fortified Wine
- Rum
- Whisk(e)y
- Cider
- Vodka
- Brandy
- Tequila & Mezcal
- Flavored Alcoholic Beverages
- Gin & Genever
- Sorghum Beer
- Flavored Alcoholic Beverages
- Dairy & Soy Drinks & Milk Alternatives
- White Milk
- Drinking Yogurt
- Soymilk
- Flavored Milk
- Evaporated Milk
- Grain, Nut, Rice and Seed Milk Alternative Drinks
- Fermented Milk
- Condensed Milk
Scope
The report provides:
- Top line consumption volumes for Q3-2024 vs Q3-2023, moving annual totals (MAT), full year 2023 provisional data and 2024 forecasts for all beverage categories.
- Carbonates consumption data for Q3-2024 vs Q3-2023, moving annual totals (MAT), full year 2023 provisional data and 2024 forecasts split by regular vs low calorie, and key flavor.
- An economic mood indicator with an at a glance assessment of industry confidence levels, private label performance vs brands and price trends.
- Insightful and valuable analysis of the drivers behind the latest quarterly trends and assumptions for full year 2024.
Reasons to Buy
- Gain an in-depth understanding of the most up-to-date trends in the South Korea beverage industry to support and enhance your strategic planning.
- Investigate the latest quarterly and emerging annual trends in South Korea to back your marketing initiatives.
- Analyze the latest beverage category 2024 forecast projections to make well-informed decisions on the outlook in the marketplace for your company.
- View a selection of the key quarterly new soft drinks product launches and identify competitor activity.
- Access a quarterly special focus on a current industry ‘hot topic’ offering qualitative insight from local consultants to determine opportunities for product innovation.
Table of Contents
Frequently asked questions
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What was the South Korea beverages market consumption volume in Q3 2024?
The beverage market consumption volume in South Korea was 7.31 billion liters (BL) in Q3 2024.
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What are the key categories in the South Korea beverages market?
The key categories in the South Korea beverages market are soft drinks, hot drinks, alcoholic drinks, and dairy & soy drinks & milk alternatives.
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Which was the leading category in the South Korea beverages market in Q3 2024?
In Q3 2024, hot drinks was the leading category in the South Korea beverages market.
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Which are the primary sub-categories in the South Korean hot drinks market?
The primary sub-categories in the South Korean hot drinks market are hot tea, hot coffee, and other hot drinks.
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