Fermented beverages production in South Korea showed variable trends over the past decade. From 2014 to 2023, production levels fluctuated, peaking in 2015 at 1.81 million metric tons before experiencing a sharp drop in 2020 to 1.4 million metric tons. Production rebounded in 2021 to 1.69 million metric tons and held steady through 2023, indicating stability with no year-on-year growth.
From 2024 onwards, the forecast projects a consistent production level of 1.69 million metric tons annually through 2028. The 5-year CAGR up to 2028 is expected to be -0.01%, implying virtually no growth in production volume.
Future trends to watch for:
- Consumer preferences for healthy and traditional beverage options
- Potential impacts of technological advancements in fermentation processes
- Sustainability trends influencing production methods and practices
