Spirits in South Korea

June 2026 | 43 pages | ID: SC43A5931F1EN
MarketLine

Abstracts

Summary

Spirits in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The spirits market includes the sales of whiskey, vodka, brandy, liqueurs, rum, gin & genever, and others. The scope of others includes tequila & mezcal, local spirits, etc.
• The South Korean spirits market recorded values of $8,244.6 million in 2025, representing a negative compound annual growth rate (CAGR) of 2.0% between 2020 and 2025.
• Market consumption volume increased with a CAGR of 0.4% between 2020 and 2025, reaching a total of 1,570.2 million liters in 2025.
• During 2020-2025, consumption volume in the South Korean spirits market increased, driven by rising disposable incomes as consumers had increased spending power after taking care of essential expenses.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spirits market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spirits market in South Korea
• Leading company profiles reveal details of key spirits market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea spirits market with five year forecasts

Reasons to Buy

• What was the size of the South Korea spirits market by value in 2025?
• What will be the size of the South Korea spirits market in 2030?
• What factors are affecting the strength of competition in the South Korea spirits market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's spirits market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market Value
1.2. Market Value Forecast
1.3. Market Volume
1.4. Market Volume Forecast
1.5. Category Segmentation
1.6. Geography Segmentation
1.7. Market Share
1.8. Market Rivalry
1.9. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market Definition
2.2. Market Analysis
2.3. Market Trends
2.4. Regulatory Landscape

3 MARKET DATA

3.1. Market Value
3.2. Market Volume

4 MARKET SEGMENTATION

4.1. Category Segmentation
4.2. Geography Segmentation
4.3. Market Distribution

5 MARKET OUTLOOK

5.1. Market Value Forecast
5.2. Market Volume Forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer Power
6.3. Supplier Power
6.4. New Entrants
6.5. Threat Of Substitutes
6.6. Degree Of Rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players in the South Korean spirits market?
7.2. Which companies have been most successful in increasing their market shares during 2020-25?
7.3. Which companies' market shares have suffered during 2020-25?
7.4. What are the most popular brands in the South Korean spirits market in 2025?

8 COMPANY PROFILES

8.1. Hite Jinro Co Ltd
8.2. Lotte Co Ltd
8.3. Muhak Co.,Ltd.
8.4. Kumbokju Co Ltd

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry Associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: South Korea spirits market value: $ million, 2020-25
Table 2: South Korea spirits market volume: million liters, 2020-25
Table 3: South Korea spirits market category segmentation: % share, by value, 2020-25
Table 4: South Korea spirits market category segmentation: $ million, 2020-25
Table 5: South Korea spirits market geography segmentation: $ million, 2025
Table 6: South Korea spirits market distribution: % share, by volume, 2025
Table 7: South Korea spirits market value forecast: $ million, 2025-30
Table 8: South Korea spirits market volume forecast: million liters, 2025-30
Table 9: South Korea spirits market share: % share, by volume, 2025
Table 10: Hite Jinro Co Ltd: Key Facts
Table 11: Hite Jinro Co Ltd: Annual Financial Ratios
Table 12: Lotte Co Ltd: Key Facts
Table 13: Muhak Co.,Ltd.: Key Facts
Table 14: Muhak Co.,Ltd.: Annual Financial Ratios
Table 15: Kumbokju Co Ltd: Key Facts
Table 16: South Korea Size of Population (Million), 2021-25
Table 17: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 18: South Korea GDP (Current Prices, $ Billion), 2021-25
Table 19: South Korea Inflation, 2021-25
Table 20: South Korea Consumer Price Index (Absolute), 2021-25
Table 21: South Korea Exchange Rate, 2020-25

List Of Figures

LIST OF FIGURES

Figure 1: South Korea spirits market value: $ million, 2020-25
Figure 2: South Korea spirits market volume: million liters, 2020-25
Figure 3: South Korea spirits market category segmentation: $ million, 2020-25
Figure 4: South Korea spirits market geography segmentation: % share, by value, 2025
Figure 5: South Korea spirits market distribution: % share, by volume, 2025
Figure 6: South Korea spirits market value forecast: $ million, 2025-30
Figure 7: South Korea spirits market volume forecast: million liters, 2025-30
Figure 8: Forces driving competition in the spirits market in South Korea, 2025
Figure 9: Drivers of buyer power in the spirits market in South Korea, 2025
Figure 10: Drivers of supplier power in the spirits market in South Korea, 2025
Figure 11: Factors influencing the likelihood of new entrants in the spirits market in South Korea, 2025
Figure 12: Factors influencing the threat of substitutes in the spirits market in South Korea, 2025
Figure 13: Drivers of degree of rivalry in the spirits market in South Korea, 2025
Figure 14: South Korea spirits market share: % share, by volume, 2025