South Korea Wine Market 2024 | Share, Size, Trends and Opportunity 2032 from Market Research's blog

IMARC Group's report titled "South Korea Wine Market Report by Product Type (Still Wine, Sparkling Wine, Fortified Wine and Vermouth), Color (Red Wine, Rose Wine, White Wine), Distribution Channel (Off-Trade, On-Trade), and Region 2024-2032". South Korea wine market sizeis projected to exhibit a growth rate (CAGR) of 3.70% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/south-korea-wine-market/requestsample

The South Korea wine market is experiencing significant growth, primarily due to changing customer preferences and an increasing receptivity to Western dining and drinking traditions. Besides this, the market is seeing diversification as newer generations, especially millennials, show a rising preference for wine over conventional drinks like soju and beer. Additionally, imported wines, especially from regions like Europe and the Americas, are becoming more popular, facilitated by trade agreements that have lowered tariffs and made these options highly accessible and affordable. Meanwhile, the rise of online retail platforms has made a wider variety of wines available to consumers, further fueling the expansion of the South Korea wine market. This ease of access, combined with increased consumer education through wine tastings and sommelier-led events, is cultivating a more knowledgeable and enthusiastic wine-drinking culture in South Korea.

The trend towards health-conscious lifestyles is also playing a crucial role in the advancement of the South Korea wine market, perceived as a healthier alternative to other alcoholic beverages due to its association with moderated drinking and potential health benefits. This health trend complements the growing interest in premium and organic wines, with consumers willing to spend more on products perceived as natural and of higher quality. In addition, the domestic production of wine is also on the rise, with local vineyards gaining recognition for quality improvements and sustainable practices. These factors are anticipated to continue driving the growth of the South Korea wine market, with a strong emphasis on premiumization, quality, and experiential engagement shaping consumer choices in the foreseeable future.

Leading Companies Operating in the South Korea Wine:

  • Accolade Wines
  • Bacardi Limited
  • Pernod Ricard SA

South Korea Wine MarketReport Segmentation:

Product Type Insights:

  • Still Wine
  • Sparkling Wine
  • Fortified Wine and Vermouth

Color Insights:

  • Red Wine
  • Rose Wine
  • White Wine

Distribution Channel Insights:

  • Off-Trade
    • Supermarkets and Hypermarkets
    • Specialty Stores
    • Online Stores
    • Others
  • On-Trade

Regional Insights:

  • Seoul Capital Area
  • Yeongnam (Southeastern Region)
  • Honam (Southwestern Region)
  • Hoseo (Central Region)
  • Others

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group

IMARC Group

Email: [email protected]

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

 


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By Market Research
Added Jun 11

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