South Korea Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights

South Korea Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights

  • September 2021 •
  • 92 pages •
  • Report ID: 6177302 •
  • Format: PDF
South Korea Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights

Summary
According to the Bank of Korea, the country’s GDP fell by 1% in 2020 year on year (YoY) due to the severe decline in economic activities as a result of the COVID-19 pandemic. This was the first annual reduction in the country since 1998, when it suffered a massive financial crisis.

A boycott of Japanese products within the country, due to a trade row that initiated in 2019, also affected the imported beer market sales in 2020.

Beer and cider recorded an overall decline in volume and value sales during 2020, led by the closure of on-premise channels and regulations to restrict mobility, in order to curb the impact of COVID-19. Rising job cuts during the pandemic resulted in lowering of disposable income among consumers, who, as a result cut down on premium priced products.

South Korea Beer and Cider Market Insights to 2026 report provides a complete overview of the South Korea Beer and Cider industry structure offering a comprehensive insight into historical background trends, 2020 performance and outlook to 2026.

Scope
Covering total market (On and Off-Premise) the report details -
- 2016-2020 actual detailed Beer Consumption Volume data by Segment, Brand, Brewer, Packaging and Distribution (On and Off-Premise), with 2021 forecasts.
- Value by distribution channel 2016-2020, with 2021 forecasts.
- Overview of the competitive landscape in the Beer and Cider market, with analysis of key company performance.
- Insightful and valuable analysis of the drivers behind both current and emerging trends in the Beer and Cider market.

Reasons to Buy
- Gain an in-depth understanding of the dynamics and structure of the South Korea Beer and Cider industry, from the latest competitive intelligence of both historical and forecast trends to enhance your corporate strategic planning.
- Evaluate the current emerging trends and future growth opportunities in the South Korea Beer and Cider market to support your brand development and marketing initiatives.
- Understand volume vs. value trends and identify the key growth opportunities across the super-premium, premium, mainstream and discount segments to best target profitability.
- Analyze domestic and imported beer brand performance and determine the key trends driving consumption preference to develop a competitive advantage.
- Interrogate the unique granularity of our data to analyze the market on a variety of levels to make well-informed decisions on future threats and growth prospects in the marketplace for your company.
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