In 2023, the green coffee domestic consumption in South Korea stood at 3.28 million units (bags of 60 kg). Forecasted data indicates a steady increase in consumption, reaching 3.35 million units in 2024 and further growing to 3.68 million units by 2028. This reflects an average annual growth rate (CAGR) of approximately 2.93% over the five-year forecast period. Year-on-year growth rates over the forecasted period are as follows: 2.39% in 2024, 2.39% in 2025, 2.44% in 2026, 2.27% in 2027, and 2.22% in 2028.
Future trends to watch:
- Increasing consumer preference for specialty and premium coffee.
- Growing popularity of coffee culture and café proliferation.
- Potential impacts of economic factors on consumer spending.
- Environmental concerns influencing sustainable sourcing and consumption habits.
