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Alcoholic Drinks in South Korea

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Description

The outbreak of COVID-19 had a wide reaching impact on sales of alcoholic drinks in Korea, with the overriding trend being a sizeable shift from drinking through the on-trade to drinking at home. In an effort to control the spread of COVID-19 the Korean government introduced a range of measures, including lockdowns and restrictions on gatherings of more than four persons. These measures limited access to on-trade drinking with many people switching to drinking at home alone in front of the telev...

Euromonitor International's Alcoholic 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 (2016-2020), 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 2025 illustrate how the market is set to change.

Product coverage: Beer, Cider/Perry, RTDs, Spirits, Wine.

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

Why buy this report?

Get a detailed picture of the Alcoholic 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: ADKR

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

COVID-19 impact on alcoholic drinks COVID-19 country impact Company response Retailing shift On-trade vs off-trade split What next for alcoholic drinks? CHART 1 Alcoholic Drinks Off-Trade Volume Sales Growth Scenarios: 2018-2025 CHART 2 Alcoholic Drinks On-Trade Volume Sales Growth Scenarios: 2018-2025 CHART 3 Alcoholic Drinks Impact of Soft Drivers on Off-Trade Volume Sales: 2018-2025 CHART 4 Alcoholic Drinks Impact of Soft Drivers on On-Trade Volume Sales: 2018-2025

MARKET BACKGROUND

Legislation Legal purchasing age and legal drinking age Drink driving Advertising Smoking ban Opening hours On-trade establishments Summary 1 Number of On-trade Establishments by Type 2015-2020

TAXATION AND DUTY LEVIES

Table 1 Taxation and Duty Levies on Alcoholic Drinks 2020

OPERATING ENVIRONMENT

Contraband/parallel trade Duty free Cross-border/private imports

KEY NEW PRODUCT LAUNCHES

Outlook

MARKET INDICATORS

Table 2 Retail Consumer Expenditure on Alcoholic Drinks 2015-2020

MARKET DATA

Table 3 Sales of Alcoholic Drinks by Category: Total Volume 2015-2020 Table 4 Sales of Alcoholic Drinks by Category: Total Value 2015-2020 Table 5 Sales of Alcoholic Drinks by Category: % Total Volume Growth 2015-2020 Table 6 Sales of Alcoholic Drinks by Category: % Total Value Growth 2015-2020 Table 7 Sales of Alcoholic Drinks by Category by Off-trade vs On-trade: Volume 2020 Table 8 Sales of Alcoholic Drinks by Category by Off-trade vs On-trade: Value 2020 Table 9 Sales of Alcoholic Drinks by Category by Off-trade vs On-trade: % Volume 2020 Table 10 Sales of Alcoholic Drinks by Category by Off-trade vs On-trade: % Value 2020 Table 11 GBO Company Shares of Alcoholic Drinks: % Total Volume 2016-2020 Table 12 Distribution of Alcoholic Drinks by Format: % Off-trade Value 2015-2020 Table 13 Distribution of Alcoholic Drinks by Format and by Category: % Off-trade Volume 2020 Table 14 Forecast Sales of Alcoholic Drinks by Category: Total Volume 2020-2025 Table 15 Forecast Sales of Alcoholic Drinks by Category: Total Value 2020-2025 Table 16 Forecast Sales of Alcoholic Drinks by Category: % Total Volume Growth 2020-2025 Table 17 Forecast Sales of Alcoholic Drinks by Category: % Total Value Growth 2020-2025

DISCLAIMER

SOURCES

Summary 2 Research Sources

BEER IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Domestic beer brands thrive as consumers switch to home drinking Another good year for Hite Jinro Co Ltd as Terra takes South Korea by storm Non alcoholic beer benefits from increased focus on health and wellness

RECOVERY AND OPPORTUNITIES

Domestic beer set to remain at the heart of growth Craft beer set to benefit from new alcohol regulation The off-trade is expected to benefit from new product development as competition intensifies

CATEGORY BACKGROUND

Lager price band methodology Summary 3 Lager by Price Band 2020 Table 18 Number of Breweries 2014-2019

CATEGORY DATA

Table 19 Sales of Beer by Category: Total Volume 2015-2020 Table 20 Sales of Beer by Category: Total Value 2015-2020 Table 21 Sales of Beer by Category: % Total Volume Growth 2015-2020 Table 22 Sales of Beer by Category: % Total Value Growth 2015-2020 Table 23 Sales of Beer by Off-trade vs On-trade: Volume 2015-2020 Table 24 Sales of Beer by Off-trade vs On-trade: Value 2015-2020 Table 25 Sales of Beer by Off-trade vs On-trade: % Volume Growth 2015-2020 Table 26 Sales of Beer by Off-trade vs On-trade: % Value Growth 2015-2020 Table 27 Sales of Beer by Craft vs Standard 2015-2020 Table 28 GBO Company Shares of Beer: % Total Volume 2016-2020 Table 29 NBO Company Shares of Beer: % Total Volume 2016-2020 Table 30 LBN Brand Shares of Beer: % Total Volume 2017-2020 Table 31 Forecast Sales of Beer by Category: Total Volume 2020-2025 Table 32 Forecast Sales of Beer by Category: Total Value 2020-2025 Table 33 Forecast Sales of Beer by Category: % Total Volume Growth 2020-2025 Table 34 Forecast Sales of Beer by Category: % Total Value Growth 2020-2025

WINE IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Wine benefits from home drinking trend Convenience stores and hypermarkets find success with new private label ranges of wine A difficult year for Takju and Sake

RECOVERY AND OPPORTUNITIES

South Korea expected to see a growing culture of bring-your-own-bottle More wineries could turn to private label as competition intensifies Takju set to benefit from premiumisation while sake should see a slight recovery as views on Japanese products soften

CATEGORY DATA

Table 35 Sales of Wine by Category: Total Volume 2015-2020 Table 36 Sales of Wine by Category: Total Value 2015-2020 Table 37 Sales of Wine by Category: % Total Volume Growth 2015-2020 Table 38 Sales of Wine by Category: % Total Value Growth 2015-2020 Table 39 Sales of Wine by Off-trade vs On-trade: Volume 2015-2020 Table 40 Sales of Wine by Off-trade vs On-trade: Value 2015-2020 Table 41 Sales of Wine by Off-trade vs On-trade: % Volume Growth 2015-2020 Table 42 Sales of Wine by Off-trade vs On-trade: % Value Growth 2015-2020 Table 43 Sales of Still Red Wine by Price Segment: % Off-trade Volume 2015-2020 Table 44 Sales of Still Rose Wine by Price Segment: % Off-trade Volume 2015-2020 Table 45 Sales of Still White Wine by Price Segment: % Off-trade Volume 2015-2020 Table 46 Sales of Other Sparkling Wine by Price Segment: % Off-trade Volume 2015-2020 Table 47 GBO Company Shares of Still Light Grape Wine: % Total Volume 2016-2020 Table 48 NBO Company Shares of Still Light Grape Wine: % Total Volume 2016-2020 Table 49 LBN Brand Shares of Still Light Grape Wine: % Total Volume 2017-2020 Table 50 GBO Company Shares of Champagne: % Total Volume 2016-2020 Table 51 NBO Company Shares of Champagne: % Total Volume 2016-2020 Table 52 LBN Brand Shares of Champagne: % Total Volume 2017-2020 Table 53 GBO Company Shares of Other Sparkling Wine: % Total Volume 2016-2020 Table 54 NBO Company Shares of Other Sparkling Wine: % Total Volume 2016-2020 Table 55 LBN Brand Shares of Other Sparkling Wine: % Total Volume 2017-2020 Table 56 GBO Company Shares of Non-grape Wine: % Total Volume 2016-2020 Table 57 Forecast Sales of Wine by Category: Total Volume 2020-2025 Table 58 Forecast Sales of Wine by Category: Total Value 2020-2025 Table 59 Forecast Sales of Wine by Category: % Total Volume Growth 2020-2025 Table 60 Forecast Sales of Wine by Category: % Total Value Growth 2020-2025

SPIRITS IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Demand for shochu/soju switches to the off-trad due to COVID-19 restrictions Hite Jinro extends its dominance thanks to investments in new product development and marketing Players look for new ways to drive retail sales in whiskies and other types of spirits

RECOVERY AND OPPORTUNITIES

Shochu/soju could benefit from a fresh new image with the addition of tonic/soda water Online sales could flourish under new regulation Cocktails and smaller pack sizes could expand the audience for spirits

CATEGORY BACKGROUND

Vodka, gin, other blended Scotch whisky, dark rum and white rum price band methodology Summary 4 Benchmark Brands 2020

CATEGORY DATA

Table 61 Sales of Spirits by Category: Total Volume 2015-2020 Table 62 Sales of Spirits by Category: Total Value 2015-2020 Table 63 Sales of Spirits by Category: % Total Volume Growth 2015-2020 Table 64 Sales of Spirits by Category: % Total Value Growth 2015-2020 Table 65 Sales of Spirits by Off-trade vs On-trade: Volume 2015-2020 Table 66 Sales of Spirits by Off-trade vs On-trade: Value 2015-2020 Table 67 Sales of Spirits by Off-trade vs On-trade: % Volume Growth 2015-2020 Table 68 Sales of Spirits by Off-trade vs On-trade: % Value Growth 2015-2020 Table 69 Sales of Dark Rum by Price Platform: % Total Volume 2015-2020 Table 70 Sales of White Rum by Price Platform: % Total Volume 2015-2020 Table 71 Sales of Other Blended Scotch Whisky by Price Platform: % Total Volume 2015-2020 Table 72 Sales of English Gin by Price Platform: % Total Volume 2015-2020 Table 73 Sales of Vodka by Price Platform: % Total Volume 2015-2020 Table 74 Sales of Vodka by Flavoured vs Non-flavoured: % Total Volume 2015-2020 Table 75 GBO Company Shares of Spirits: % Total Volume 2016-2020 Table 76 NBO Company Shares of Spirits: % Total Volume 2016-2020 Table 77 LBN Brand Shares of Spirits: % Total Volume 2017-2020 Table 78 Forecast Sales of Spirits by Category: Total Volume 2020-2025 Table 79 Forecast Sales of Spirits by Category: Total Value 2020-2025 Table 80 Forecast Sales of Spirits by Category: % Total Volume Growth 2020-2025 Table 81 Forecast Sales of Spirits by Category: % Total Value Growth 2020-2025

CIDER/PERRY IN SOUTH KOREA

RECOVERY AND OPPORTUNITIES

RTDS IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

RTDs struggles with competition from other alcoholic drinks Lack of new product development limits growth of RTDs KGB returns to growth cementing its commanding lead in 2020

RECOVERY AND OPPORTUNITIES

Unhealthy image and a lack of investment in new product development key obstacles to growth Wine-based RTDs could find some appeal with new packaging developments New and exotic flavours could spark interest in RTDs among younger consumers

CATEGORY DATA

Table 82 Sales of RTDs by Category: Total Volume 2015-2020 Table 83 Sales of RTDs by Category: Total Value 2015-2020 Table 84 Sales of RTDs by Category: % Total Volume Growth 2015-2020 Table 85 Sales of RTDs by Category: % Total Value Growth 2015-2020 Table 86 Sales of RTDs by Off-trade vs On-trade: Volume 2015-2020 Table 87 Sales of RTDs by Off-trade vs On-trade: Value 2015-2020 Table 88 Sales of RTDs by Off-trade vs On-trade: % Volume Growth 2015-2020 Table 89 Sales of RTDs by Off-trade vs On-trade: % Value Growth 2015-2020 Table 90 GBO Company Shares of RTDs: % Total Volume 2016-2020 Table 91 NBO Company Shares of RTDs: % Total Volume 2016-2020 Table 92 LBN Brand Shares of RTDs: % Total Volume 2017-2020 Table 93 Forecast Sales of RTDs by Category: Total Volume 2020-2025 Table 94 Forecast Sales of RTDs by Category: Total Value 2020-2025 Table 95 Forecast Sales of RTDs by Category: % Total Volume Growth 2020-2025 Table 96 Forecast Sales of RTDs by Category: % Total Value Growth 2020-2025