The production of beverages in South Korea experienced sustained growth from 2013 to 2019, peaking in 2019 with a value of 12.726 trillion KRW, followed by a significant drop in 2020 due to the pandemic. However, the market rebounded strongly in 2021 with a 23.26% year-on-year increase. From 2022 onwards, a more steady and moderate growth trend is observed, reaching a value of 13.917 trillion KRW in 2023. The forecast indicates continued growth with the production value expected to rise to 15.425 trillion KRW by 2028, albeit at a slower CAGR of 1.62%.

Future trends to watch for:

Impact of innovative beverage products and health-focused options on market growth.
Potential economic fluctuations and their effects on production and consumption patterns.
Technological advancements in production efficiency.
Shifts in consumer preferences towards sustainable and eco-friendly beverage options.