Current value growth is set to continue in fine wines/champagne and spirits in the forecast period. Enjoying such products will be a lifestyle trend in future, increasing the consumption of luxury whiskies and fine champagne in particular.
In terms of company value shares, fine wines/champagne and spirits in South Korea is fragmented, with even the largest players holding only relatively small shares of under 5%. Stronger competition is expected in fine wines/champagne and spirits in the forecast period, as local manufacturers are starting to make whiskies locally at reasonable prices, including Kim Chang-su, Gyeonggi-do and 3 Society.
It is illegal to sell wine online in South Korea. To support sales amongst younger consumers of legal drinking age who are used to purchasing online, increasing numbers of platforms are offering online purchase but offline pick-up at selected retailers.
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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.
Fine Wines/Champagne and Spirits
This is the aggregation of fine wines and luxury spirits.See All of Our Definitions
This report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.
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