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Hot Drinks in South Korea

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Description

The emergence of COVID-19 in South Korea has had a major impact on certain categories within hot drinks in 2020 as a result of the country's efforts to slow the spread of the virus, including social distancing measures, and travel restrictions. While overall, retail volume sales are set to benefit from work and study from home measures as encouraged by the government, demand for hot drinks through foodservice has notably declined; although many establishments were permitted to remain open, socia...

Euromonitor International's Hot Drinks in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2015-2019, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they legislative, distribution or pricing issues. Forecasts to 2024 illustrate how the market is set to change.

Product coverage: Coffee, Other Hot Drinks, Tea.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Hot Drinks market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: HDKR

TABLE OF CONTENTS

List OF CONTENTS AND TABLES

EXECUTIVE SUMMARY

COVID-19 impact on hot drinks

COVID-19 country impact

Company response

Retailing shift

Foodservice vs retail split

What next for hot drinks?

CHART 1 Hot Drinks Value Sales Growth Scenarios: 2018-2025

CHART 2 Hot Drinks Impact of Drivers on Value Sales: 2017-2025

MARKET DATA

Table 1 Sales of Hot Drinks by Retail vs Foodservice: % Volume Breakdown 2015-2020 Table 2 Sales of Hot Drinks by Retail vs Foodservice: % Volume Growth 2015-2020 Table 3 Retail Sales of Hot Drinks by Category: Volume 2015-2020 Table 4 Retail Sales of Hot Drinks by Category: Value 2015-2020 Table 5 Retail Sales of Hot Drinks by Category: % Volume Growth 2015-2020 Table 6 Retail Sales of Hot Drinks by Category: % Value Growth 2015-2020 Table 7 Foodservice Sales of Hot Drinks by Category: Volume 2015-2020 Table 8 Foodservice Sales of Hot Drinks by Category: % Volume Growth 2015-2020 Table 9 Total Sales of Hot Drinks by Category: Total Volume 2015-2020 Table 10 Total Sales of Hot Drinks by Category: % Total Volume Growth 2015-2020 Table 11 NBO Company Shares of Hot Drinks: % Retail Value 2016-2020 Table 12 LBN Brand Shares of Hot Drinks: % Retail Value 2017-2020 Table 13 Penetration of Private Label in Hot Drinks by Category: % Retail Value 2015-2020 Table 14 Retail Distribution of Hot Drinks by Format: % Volume 2015-2020 Table 15 Retail Distribution of Hot Drinks by Format and Category: % Volume 2020 Table 16 Forecast Sales of Hot Drinks by Retail vs Foodservice: % Volume Breakdown 2020-2025 Table 17 Forecast Sales of Hot Drinks by Retail vs Foodservice: % Volume Growth 2020-2025 Table 18 Forecast Retail Sales of Hot Drinks by Category: Volume 2020-2025 Table 19 Forecast Retail Sales of Hot Drinks by Category: Value 2020-2025 Table 20 Forecast Retail Sales of Hot Drinks by Category: % Volume Growth 2020-2025 Table 21 Forecast Retail Sales of Hot Drinks by Category: % Value Growth 2020-2025 Table 22 Forecast Foodservice Sales of Hot Drinks by Category: Volume 2020-2025 Table 23 Forecast Foodservice Sales of Hot Drinks by Category: % Volume Growth 2020-2025 Table 24 Forecast Total Sales of Hot Drinks by Category: Total Volume 2020-2025 Table 25 Forecast Total Sales of Hot Drinks by Category: % Total Volume Growth 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Summary 1 Research Sources

KEY DATA FINDINGS

2020 IMPACT

Increasing demand for fresh coffee through retail due to social distancing measures and rising trend of the "Home Cafe"

Sales of coffee through foodservice cushioned by "working-from-coffee shop" consumers

Dongsuh Foods remains leading coffee player but Nestle is dynamic within fresh ground coffee pods

RECOVERY AND OPPORTUNITIES

Fresh coffee has potential for further growth but is set to experience low dip in demand with return to foodservice in 2021

Decaffeinated coffee set to expand in both retail and foodservice over the forecast period

Brand collaborations between retailers and specialist coffee shops

CATEGORY DATA

Table 26 Retail Sales of Coffee by Category: Volume 2015-2020 Table 27 Retail Sales of Coffee by Category: Value 2015-2020 Table 28 Retail Sales of Coffee by Category: % Volume Growth 2015-2020 Table 29 Retail Sales of Coffee by Category: % Value Growth 2015-2020 Table 30 Retail Sales of Fresh Ground Coffee Pods by Hard vs Soft: % Volume 2015-2020 Table 31 NBO Company Shares of Coffee: % Retail Value 2016-2020 Table 32 LBN Brand Shares of Coffee: % Retail Value 2017-2020 Table 33 Forecast Retail Sales of Coffee by Category: Volume 2020-2025 Table 34 Forecast Retail Sales of Coffee by Category: Value 2020-2025 Table 35 Forecast Retail Sales of Coffee by Category: % Volume Growth 2020-2025 Table 36 Forecast Retail Sales of Coffee by Category: % Value Growth 2020-2025

KEY DATA FINDINGS

2020 IMPACT

Tea benefits from demand for perceived healthy beverages

Larger formats see opportunities for expansion

Dongsuh Foods retains overall leadership of tea in 2020 but continues to lose share to competitors

RECOVERY AND OPPORTUNITIES

Functional ingredients will remain important factor in driving demand for more premium options

Players seek to attract consumers with milk tea variation

Consumers increasingly move online

CATEGORY DATA

Table 37 Retail Sales of Tea by Category: Volume 2015-2020 Table 38 Retail Sales of Tea by Category: Value 2015-2020 Table 39 Retail Sales of Tea by Category: % Volume Growth 2015-2020 Table 40 Retail Sales of Tea by Category: % Value Growth 2015-2020 Table 41 NBO Company Shares of Tea: % Retail Value 2016-2020 Table 42 LBN Brand Shares of Tea: % Retail Value 2017-2020 Table 43 Forecast Retail Sales of Tea by Category: Volume 2020-2025 Table 44 Forecast Retail Sales of Tea by Category: Value 2020-2025 Table 45 Forecast Retail Sales of Tea by Category: % Volume Growth 2020-2025 Table 46 Forecast Retail Sales of Tea by Category: % Value Growth 2020-2025

KEY DATA FINDINGS

2020 IMPACT

Marginal reprieve for other hot drinks in 2020 due to stay at home measures

Social media and "Home Cafe" trend drive experimentation in 2020

Dongsuh Foods remains leading other hot drinks producer

RECOVERY AND OPPORTUNITIES

Warmer winters could continue to adversely impact already limited demand for other hot drinks over forecast period

Chocolate-based flavoured powder drinks to record weaker performance over the forecast period

Creation of "Home Cafe" during pandemic could still offer potential for small indulgences

CATEGORY DATA

Table 47 Retail Sales of Other Hot Drinks by Category: Volume 2015-2020 Table 48 Retail Sales of Other Hot Drinks by Category: Value 2015-2020 Table 49 Retail Sales of Other Hot Drinks by Category: % Volume Growth 2015-2020 Table 50 Retail Sales of Other Hot Drinks by Category: % Value Growth 2015-2020 Table 51 NBO Company Shares of Other Hot Drinks: % Retail Value 2016-2020 Table 52 LBN Brand Shares of Other Hot Drinks: % Retail Value 2017-2020 Table 53 Forecast Retail Sales of Other Hot Drinks by Category: Volume 2020-2025 Table 54 Forecast Retail Sales of Other Hot Drinks by Category: Value 2020-2025 Table 55 Forecast Retail Sales of Other Hot Drinks by Category: % Volume Growth 2020-2025 Table 56 Forecast Retail Sales of Other Hot Drinks by Category: % Value Growth 2020-2025