Hot drinks registered slower current retail value growth in 2018, and positive growth in total volume terms. This was in line with the performance of coffee, which accounted for the majority of hot drinks in South Korea.
Both tea and coffee registered double-digit foodservice volume growth in 2018, driven by new flavours and premium drinks. Specialist coffee shop sales continued to register significant but slower growth.
Dongsuh Foods continued to dominate hot drinks in 2018, was leading positions in instant coffee, green tea and other hot drinks. However, some of its brands registered negative retail value growth due to the emerging health & wellness and premiumisation trends.
Coffee continued to gain importance in consumers’ lifestyles and consumption increased over the review period. Rising consumption aroused concerns about high intake of caffeine, particularly for seniors and health-conscious consumers.
Hot drinks is projected to register a better performance over the forecast period in total volume terms thanks in part to a double-digit CAGR in the foodservice channel. Coffee is also set to register a stronger performance thanks to high interest in fresh coffee.
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This industry report originates from Passport, our Hot Drinks market research database.