The beer market size volume per capita in South Korea stood at 42.11 kilograms per capita in 2023. The forecasted data for 2024 to 2028 shows a consistent but mild increase from 42.2 to 42.56 kilograms per capita. Year-on-year variation percentages indicate a stable growth trend, with minimal fluctuations: approximately 0.21% to 0.22% annually. The five-year compound annual growth rate (CAGR) reflects an average annual growth of around 0.21%. This sustained growth indicates a steady demand for beer in the South Korean market.
Future trends to watch for include potential shifts in consumer preferences towards premium and craft beers, which could influence per capita consumption volumes. Additionally, the impact of health and wellness trends on alcohol consumption patterns may be significant. Regulatory changes and economic factors could also play a crucial role in shaping the market dynamics. Monitoring these factors will be imperative for understanding the long-term trajectory of the beer market in South Korea.
