Food & Beverages

Consumer And Market Insights: Spirits Market In South Korea

  • CAN424731
  • 50 Pages
  • March 2016
  • Food & Beverages
Summary
A steady economy along with growing domestic consumption will create growth opportunities in the South-Korean Spirits market. Specialty Spirits is the leading category in value terms while the Vodka category is forecast to register the fastest growth during 2015-2019

Key Findings
- Of the eight categories analyzed, Vodka will be the fastest growing value category, registering a CAGR of 15.9% during 2015-2019

- The Spirits market in South Korea accounted for more than half of the overall Wine and Spirits retail sales during 2011-2014

- Bottle is the only container type used for packaging of products in the South Korean Spirits market.

- The Whiskey category will gain maximum market share in value terms during 2015-2019

Synopsis
Canadeans Consumer and Market Insights report on the Spirits market in South Korea provides insights on high growth categories to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.

ReasonsToBuy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis

- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities

- Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
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