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Fine Wines/Champagne and Spirits in South Korea

Publisher Euromonitor International
Published Oct 18, 2024
Length 22 Pages
SKU # EP19272674

Description

Fine Wines/Champagne and Spirits in South Korea


Retail value sales of fine wines/champagne and spirits grew by 5% in 2024, set to reach a sales total of KRW855 billion. Sales on the landscape are bolstered by consumers' habits of enjoying a drink with a meal at home or when relaxing, in addition to sales driven by key celebrations, such as weddings and milestone birthdays, which increase consumption of fine champagne and other luxury wines and spirits. In addition, the consumer group for products is expanding in South Korea, with young consum...

Euromonitor International's Fine Wines/Champagne and Spirits in South Korea report offers a comprehensive guide to the size and shape of the Fine Wines/Champagne and Spirits market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Fine Wines/Champagne and Spirits retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change

Product coverage: Fine Wines, Luxury Spirits.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Fine Wines/Champagne and Spirits market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

22 Pages
Fine Wines/Champagne and Spirits in South Korea
Euromonitor International
October 2024
List Of Contents And Tables
FINE WINES/CHAMPAGNE AND SPIRITS IN SOUTH KOREA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Fine wines/champagne and spirits grow as the mixology trend rises
Mindful consumption trends benefit premium and luxury alcoholic brands
Limited edition and heritage are key trends that engage luxury consumers
PROSPECTS AND OPPORTUNITIES
Champagne drives retail value growth across the forecast period
Cocktail culture, flavour exploration and experiences boosts sales of premium spirits
Positive growth for fine wines as consumers expand their product knowledge
CATEGORY DATA
Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2019-2024
Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2019-2024
Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2019-2023
Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2020-2023
Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2019-2024
Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2024-2029
Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2024-2029
LUXURY GOODS IN SOUTH KOREA
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2019-2024
Table 9 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 11 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 12 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 14 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources

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