The coffee market size in South Korea reached 92.0 thousand metric tons by 2023, reflecting a year-on-year growth of 2.22% and a 5-year CAGR of 1.12%. Analyzing trends from 2014 to 2023 reveals periods of both significant growth and slight declines. Notably, a substantial 17.57% increase occurred in 2018, while minor contractions took place in 2019 and 2020.
Looking ahead, the forecast indicates a moderate annual growth rate, with the market expected to reach 100.89 thousand metric tons by 2028, representing a 5-year CAGR of 1.47% and overall growth of 7.57% from 2023. Future trends to watch for include potential market shifts due to evolving consumer preferences, health trends, and the impact of new coffee product innovations.
