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The Wine market in South Korea is forecast to grow at a CAGR of 13.3% Between 2015-2020

Press Release   •   Feb 24, 2017 05:41 EST

The Wine market in South Korea is forecast to grow at a CAGR of 13.3%, in value terms during 2015-2020. Among all categories, Sparkling Wine category is expected to register the fastest value growth during 2015-2020. Hypermarkets & Supermarkets is the leading distribution channel. Dom Perignon and Duegradi are the leading brands in the South Korean Wine Market. Imported Wine will still dominate the South Korean Wine market.

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Key Findings

- The Wine market in South Korea is forecast to grow at a CAGR of 13.3% in value terms during 2015-2020

- South Korea's consumers are opting for value for money products in the Wine market

- The Sparkling Wine category is expected to register fastest value growth among all categories during 2015-2020

- Hypermarkets & Supermarkets is the leading distribution channel in South Korea's Wine market

- The use of Glass as packaging material is forecast to grow at a CAGR of 12.0% during 2015-2020

Synopsis

The Wine market in South Korea is forecast to grow at a CAGR of 13.3%, in value terms during 2015-2020. Among all categories, Sparkling Wine category is expected to register the fastest value growth during 2015-2020. Hypermarkets & Supermarkets is the leading distribution channel. Dom Perignon and Duegradi are the leading brands in the South Korean Wine Market. Imported Wine will still dominate the South Korean Wine market.

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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

- Access the key and most influential consumer trends driving Wine products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target

- Access to analysis on products launched in the market

- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion

Table of Content :

Introduction

- Report Scope

Country Context

- Macroeconomic indicators GDP Per Capita, Population, Consumer Price Index and Age Profile

Market Overview

- Value and volume analysis for South Korea's Wine market

- Impact of exchange rate fluctuations on South Korea's Wine market

- Degree of trade up/down in South Korea's Wine market

- Volume analysis by category

- Market value and growth rates, by category

- Historic and forecast value analysis by category

- Winners and losers by categories with change in market share

- Segment share in a category (value terms) and change in market share

- Average category level pricing

Retail Landscape and Key Distribution Channels

- Leading retailers in South Korea's Wine & Spirits market

- Leading distribution channels (volume terms) in South Korea's Wine market

- Leading distribution channels (volume terms) by category

Competitive Landscape

- Market share of leading brands (in volume terms) by category

Packaging

- Wine market by type of packaging material/container (in volume terms)

- Wine market by type of packaging closure/outer (in volume terms)

- Wine market by type of packaging, forecast(in volume terms)

Consumer trend analysis

- GlobalDatas consumer trend framework and explanation of the sub-trends

- For key trends in South Korea's Wine market:

- How the trend is influencing consumption in South Korea's Wine market

- How to target the trend in South Korea's Wine market

- How the trend will evolve in South Korea's Wine market

- Key target demographic and the rate at which the trend will evolve

- What are the key drivers that will influence growth of Wine market in the future

Appendix

- Country context

- Category value and volume data

- Sector Overview

- Segment data

- Packaging data

- Category definitions

- Segment definitions

- Channel definitions

- Explanation of sub-trends

- Methodology

- About GlobalData

Related Report : Consumer and Market Insights: Wine in Canada

 

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