South Korea Wine Market Size, Share & Report Analysis 2025-2033
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South Korea Wine Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 9,683.5 Million
Market Forecast in 2033: USD 13,257.4 Million
Market Growth Rate: 3.6% (2025-2033)
South Korea's wine industry is flourishing, driven by growing consumer sophistication and a rising appreciation for diverse varietals. The market is poised for vibrant growth, fueled by cultural shifts and expanding import channels. According to the latest report by IMARC Group, south korea wine market size reached USD 9,683.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 13,257.4 Million by 2033, exhibiting a growth rate (CAGR) of 3.6% during 2025-2033.
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South Korea Wine Industry Trends and Drivers:
The South Korea wine market is readily developing, due to increased interests in wine culture, a shift to quality and variety of varietals, increased disposable incomes, a growing middle class that is consuming more premium imported wines (france, Italy and Chile) and the more widespread establishment of wine bars and formal wine education programmes increasing awareness and consumption interest of the younger demographic. They also have a budding e-commerce wine retail scene that has eased access to wine. And they have a healthy dining scene that extensively promotes food-wine pairing - this has included enhanced consumption of wines in restaurants and cafes.
Furthermore, government policies easing import restrictions and reducing tariffs are positive contributors to the growth of the wine market, as they increase product variety and reduce product prices. Furthermore, rising awareness of and interest in organic & low-alcohol wines among health-conscious consumers may open up new niches of the market. Competition and innovation in wine marketing and distribution are being spurred by both international and domestic producers in South Korea. For example, social media and influencer campaigns that promote wine are becoming more popular, particularly among millennials and Gen Z. Overall, due to cultural shifts, the economy, and changing consumer preferences, the South Korean wine market is positioned for continued growth.
South Korea Wine Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest south korea wine market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Product Type Insights:
- Still Wine
- Sparkling Wine
- Fortified Wine and Vermouth
The report has provided a detailed breakup and analysis of the market based on the product type. This includes still wine, sparkling wine, and fortified wine and vermouth.
Color Insights:
- Red Wine
- Rose Wine
- White Wine
A detailed breakup and analysis of the market based on the color have also been provided in the report. This includes red wine, rose wine, and white wine.
Distribution Channel Insights:
- Off-Trade
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
- On-Trade
Country Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the south korea wine industry.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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