Country Profile: Spirits in South Korea

Country Profile: Spirits in South Korea

Published: August 2018
Publisher: GlobalData
Product ref: 297505
Pages: 112
Format: PDF
Delivery: By product vendor

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Summary

The South Korean spirits sector is led by the specialty spirits category, while the vodka category is forecast to register the fastest growth in both value and volume terms during 2017-2022. On-trade transactions accounted for the leading share in the distribution of spirits in the country in 2017. Glass is the most commonly used pack material in the sector. Jinro, Lotte, and Chum Churum are the leading brands in the South Korean spirits sector.

GlobalData’s Country Profile report on the Spirits sector in South Korea provides insights on high growth categories to target, trends in the usage of package materials, category level distribution channel data and market share of brands.

What else is contained?
• Sector data: Overall sector value and volume data with growth analysis for 2012-2022
• Category coverage: Value and growth analysis for brandy, gin & genever, liqueurs, rum, specialty spirits, tequila & mezcal, vodka, and whiskey with inputs on individual segment share within each category and the change in their market share forecast for 2017-2022
• Leading players: Market share of brands and private labels in volume terms in 2017
• Distribution data: Percentage of sales within each category through distribution channels such as hypermarkets & supermarkets, department stores, convenience stores, drugstores & pharmacies, food & drinks specialists, cash & carries and warehouse clubs, ‘dollar stores’, variety store & general merchandise retailers, vending machines, e-retailers, on-trade, and other general retailers
• Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, rigid plastics, rigid metal and others; pack type data for: Bottle and can.

Scope

• The South Korean spirits sector is forecast to register overall value growth of 10.3% during 2017-2022
• The South Korean spirits sector is expected to grow at a CAGR of 2.6% by value during 2017-2022
• Per capita consumption of specialty spirits was higher when compared to other spirits in South Korea, in 2017
• On-trade transactions accounted for the leading distribution share in the South Korean spirits sector
• Jinro is the leading brand in the South Korean spirits sector
• Glass is the most commonly used pack material in the South Korean spirits sector.

Reasons to buy

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rurral-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.



Companies Mentioned
HITEJINRO CO LTD
Lotte Co. Ltd.
Muhak
kumbokju co
daesun distilling co
Ipsaeju
Maechuisoon
Pernod Ricard SA
Diageo plc
Bacardi Limited

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Related research categories

By sector: Spirits

By market: South Korea (in Asia)


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