Key Market Indicators
**Korean Alcoholic Drink Consumption to Hit 306 Thousand Metric Tons by 2028** Korean alcoholic beverage consumption is projected to reach approximately 306 thousand metric tons by 2028, up from around 295 thousand metric tons in 2023. This marks an average annual growth rate of 0.6%. Since 2019, the demand for alcoholic drinks in Korea has seen a modest annual increase of 0.2%. In 2023, Korea ranked eighth globally in terms of consumption, with the Philippines surpassing it by matching the 295 thousand metric ton mark. India, Japan, and Russia secured the second, third, and fourth spots, respectively. **Korean Alcoholic Drink Exports to Surpass $1.2 Billion by 2028** Korean exports of alcoholic beverages are forecasted to reach over $1.2 billion by 2028, rising from about $1 billion in 2023. This reflects an average annual growth of 2.3%. Since 1993, Korea's supply of alcoholic drinks for export has been growing at an average rate of 3% per year.
Latest reports
South Korea Beverages Market Report- Q1 2025
The beverages market in South Korea during the first quarter of 2025 is characterized by significant shifts and emerging trends that are reshaping...
South Korea Beverages Market Report- Q4 2024
The South Korean beverage market in Q4 2024 is characterized by dynamic shifts in consumer preferences, economic policies, and competitive landscape. The market...
