South Korea Hot Drinks Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026
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The South Korea hot drinks market size was valued at $3.5 billion in 2021. The market is expected to grow at a CAGR of more than 6% during the forecast period. The South Korea hot drinks market research report provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.
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Which are the key cities in the South Korea hot drinks market?
The key cities in the South Korea hot drinks market are Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan. Seoul emerged as the largest hot drinks market in South Korea.
South Korea hot drinks market, by cities
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Which are the key categories in the South Korea hot drinks market?
The key categories in the South Korea hot drinks market are hot coffee, hot tea, and other hot drinks. Hot coffee was the highest category in the South Korea hot drinks market.
South Korea hot drinks market, by category
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Which are the key distribution channels in the South Korea hot drinks market?
The key distribution channels in the South Korea hot drinks market are hypermarkets & supermarkets, convenience stores, e-retailers, department stores. Convenience stores was the leading distribution channel in the South Korea hot drinks market.
South Korea hot drinks market, by distribution channel
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Which are the key packing materials in the South Korea hot drinks market?
The key packing materials in the South Korea hot drinks market are flexible packaging, rigid plastics, paper & board, rigid metal, and glass. Flexible packaging has the highest share in the South Korea hot drinks market.
South Korea hot drinks market, by packing materials
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Who are the key competitors in the South Korea hot drinks market?
The key competitors in the South Korea hot drinks market are The Kraft Heinz Company, Nestlé, Namyang Dairy Products Co, Amorepacific Corporation, Dongsuh Companies, Inc. The Kraft Heinz Company. The Kraft Heinz Company has the highest share in the South Korea hot drinks market.
South Korea hot drinks market, by competitor
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Market report overview
Market size 2021 | $3.5 billion |
CAGR % | >6% |
Forecast period | 2021-2026 |
Key cities | Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan |
Key categories | Hot Coffee, Hot Tea and Other Hot Drinks |
Key distribution channels | Hypermarkets & Supermarkets, Convenience Stores, E-Retailers, and Department Store |
Key packing materials | Flexible Packaging, Rigid Plastics, Paper & Board, Rigid Metal, and Glass |
Key companies | The Kraft Heinz Company, Nestlé, Namyang Dairy Products Co, Amorepacific Corporation, Dongsuh Companies, Inc. The Kraft Heinz Company |
Scope
- The per capita consumption and expenditure of hot drinks in South Korea was higher than both the global and the regional levels in 2021
- The per capita consumption of hot coffee was higher in South Korea than other categories in 2021
- The Kraft Heinz Company, Nestlé, and Namyang Dairy Products Co are the top three companies in the South Korean hot drinks sector.
- Hot coffee, was the most sold category in volume terms across leading cities in South Korea
- “Older young adults” represent the largest subset of the hot drinks sector in South Korea
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 company 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, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.
Nestlé
Namyang Dairy Products Co
Amorepacific Corporation
Dongsuh Companies Inc.
Jardin Café Solution S.A.
Korea Mcnulty Co. Ltd.
Lotte Group
UCC Ueshima Coffee Co Ltd
WertformGmbh
Table of Contents
Table
Figures
Frequently asked questions
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What was the South Korea hot drinks market size in the year 2021?
The hot drinks market size in South Korea was valued at $3.5 billion in 2021.
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What was the South Korea hot drinks market growth rate?
The hot drinks market in South Korea is projected to grow at a CAGR of more than 6% during the forecast period.
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Which are the key cities in the South Korea hot drinks market?
The key cities in the hot drinks market in South Korea are Seoul, Busan, Incheon, Daegu, Daejeon, Gwangju, and Ulsan
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Which are the key categories in the South Korea hot drinks market?
The key categories in the hot drinks market in South Korea are hot coffee, hot tea, and other hot drinks.
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Which are the key distribution channels in the South Korea hot drinks market?
The key distribution channels in the hot drinks market in South Korea are hypermarkets & supermarkets, convenience stores, e-retailers, and department stores.
-
Which are the key packing materials in the South Korea hot drinks market?
The key packing materials in the hot drinks market in South Korea are flexible packaging, rigid plastics, paper & board, rigid metal, and glass.
-
Who are the key competitors in the South Korea hot drinks market?
The key competitors in the hot drinks market in South Korea are The Kraft Heinz Company, Nestlé, Namyang Dairy Products Co, Amorepacific Corporation, Dongsuh Companies, Inc. The Kraft Heinz Company.
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