In 2023, South Korea's export volume of fermented beverages stood at 91.70 thousand metric tons. From 2024 onwards, forecasts indicate a consistent decline: 83.24 thousand metric tons in 2024, 74.99 in 2025, 66.9 in 2026, 58.97 in 2027, and 51.2 in 2028. The year-on-year variation shows a downward trend with a -9.94% drop from 2024 to 2025, -10.77% from 2025 to 2026, -11.87% from 2026 to 2027, and -13.15% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately -10.56%.
Future trends to watch for include potential diversification in fermented beverage offerings, emerging markets, shifting consumer preferences towards healthier options, and global economic factors impacting export demand and competition. Monitoring these trends can offer strategic insights for navigating this declining market.
