Fine Wines/Champagne and Spirits in South Korea

July 2022
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USD 1,195
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Overview:

Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

If you're in the Fine Wines/Champagne and Spirits industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Fine Wines/Champagne and Spirits in South Korea report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Fine Wines/Champagne and Spirits in South Korea?
  • Which are the leading brands in Fine Wines/Champagne and Spirits in South Korea?
  • How are products distributed in Fine Wines/Champagne and Spirits in South Korea?
  • How important is tourism in evaluating demand for Fine Wines/Champagne and Spirits in South Korea?
  • How is the rise of e-commerce changing the retail and competitive landscape?
  • How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
  • Where is future growth expected to be most dynamic?
Download Table of Contents

Fine Wines/Champagne and Spirits in South Korea - Category analysis

KEY DATA FINDINGS

Move from duty free to local purchases drives growth
Major retailers take a bet on fine wines
Wine and whiskies are favoured by younger adults
Consumers will return to duty free, although markets will maintain their role
Rising competition could change the competitive landscape
Online order and in-store pick-up to gain popularity in the luxury segment
Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022
Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021
Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021
Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022
Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027
Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027

Luxury Goods in South Korea - Industry Overview

Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
Table 8 Sales of Luxury Goods by Category: Value 2017-2022
Table 9 Sales of Luxury Goods by Category: % Value Growth 2017-2022
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
Table 11 NBO Company Shares of Luxury Goods: % Value 2017-2021
Table 12 LBN Brand Shares of Luxury Goods: % Value 2018-2021
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2022
Table 14 Forecast Sales of Luxury Goods by Category: Value 2022-2027
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027

DISCLAIMER

Summary 1 Research Sources
The following categories and subcategories are included:

Fine Wines/Champagne and Spirits

    • Fine Champagne
    • Other Fine Wine
    • Luxury Brandy and Cognac
    • Luxury Whiskies
    • Other Luxury Spirits

Fine Wines/Champagne and Spirits

This is the aggregation of fine wines and luxury spirits.

See All of Our Definitions
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Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.

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