Market Forecast By Product Type (Fermented Fruit Wine, Distilled Fruit Wine, Preparation Fruit Wine, Sparkling Fruit Wine), By Application (Household, Commercial) And Competitive Landscape
Product Code: ETC031303 | Publication Date: Oct 2020 | Updated Date: Jul 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | South Korea Non-grape Wine Market |
Forecast period | 2024-2030 |
CAGR | 1.08% |
Growing Sector | Fruit Wine Sector |
The South Korea Non-grape Wine Market Report thoroughly covers the market by Product Type and by Application. The South Korea Non-grape Wine Market Outlook report provides an unbiased and detailed analysis of the ongoing South Korea Non-grape Wine Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The South Korea Non-grape Wine market is predicted to experience substantial growth driven by increased consumer preference for fruit wines and the emergence of innovative flavours. The market growth is stimulated by the demand for diverse wine types combined with technologically advanced production methods.
According to 6Wresearch, The South Korea Non-grape Wine Market size is projected to grow at a CARG of 1.08% during 2024-2030. The increasing demand for diverse Non-grape wine types, owing to varying consumer taste preferences, drives the market growth. More specialized wines are required for intricate culinary pairings, thus leading to an increased use of diverse non-grape wine types. Improvements in production methods, market segmentation strategies, and innovative solutions tailored to niche markets are driving market growth. Furthermore, the urban population expansion and the increasing trend of wine consumption are propelling the non-grape wine market in South Korea.
Despite the growing demand for Non-grape Wine in South Korea, the market faces several challenges such as lack of consumer awareness and understanding of non-grape wines. Educating consumers about the variety and quality of non-grape wines compared to traditional grape wines is essential to increase market acceptance and demand.
The South Korea Non-grape Wine Market is experiencing significant growth, with key players like Kooksoondang, Bohae Brewery, and Lovers Valley Winery. These industry leaders are recognized for their innovative and diverse wine selection. They focus on innovative production techniques and customer-centric strategies to strengthen their market positions.
The government imposes taxes on alcoholic beverages, including non-grape wines, to regulate consumption, generate revenue, and promote public health initiatives. Tax rates and structures can influence pricing, market competitiveness, and consumer demand within the non-grape wine sector.The government sets quality standards and specifications for alcoholic beverages to ensure product safety, consistency, and authenticity. Non-grape wine producers must adhere to quality control measures, hygiene practices, and production guidelines to meet regulatory standards and maintain consumer trust. The government enforces health and safety regulations to safeguard consumers from counterfeit products, adulteration, and harmful substances in non-grape wines. Monitoring production processes, distribution channels, and retail outlets is essential to ensure product integrity and consumer well-being.
There is a growing trend towards exploring diverse and unique wine options beyond traditional grape wines, leading to increased consumer interest in non-grape wines made from fruits like berries, apples, pears, and other ingredients. This trend is likely to drive market expansion and product innovation. Continued innovation in non-grape wine production techniques, flavor profiles, and packaging formats is anticipated to fuel market growth. Producers are likely to experiment with new fruit blends, fermentation methods, and sustainable practices to cater to evolving consumer preferences.
According to Ravi Bhandari, Head The "Fermented Fruit Wine" segment is witnessing rapid growth due to its wide acceptance among consumers due to its unique taste and variety.
In the South Korea Non-grape Wine Market, the "Commercial" sector is the primary driver for non-grape wines. Non-grape wines are increasingly being used in restaurants, bars, and events, thereby enhancing the wine experience.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Non-grape Wine Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Non-grape Wine Market Revenues & Volume, 2020 & 2030F |
3.3 South Korea Non-grape Wine Market - Industry Life Cycle |
3.4 South Korea Non-grape Wine Market - Porter's Five Forces |
3.5 South Korea Non-grape Wine Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 South Korea Non-grape Wine Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 South Korea Non-grape Wine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Non-grape Wine Market Trends |
6 South Korea Non-grape Wine Market, By Types |
6.1 South Korea Non-grape Wine Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Non-grape Wine Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 South Korea Non-grape Wine Market Revenues & Volume, By Fermented Fruit Wine, 2020-2030F |
6.1.4 South Korea Non-grape Wine Market Revenues & Volume, By Distilled Fruit Wine, 2020-2030F |
6.1.5 South Korea Non-grape Wine Market Revenues & Volume, By Preparation Fruit Wine, 2020-2030F |
6.1.6 South Korea Non-grape Wine Market Revenues & Volume, By Sparkling Fruit Wine, 2020-2030F |
6.2 South Korea Non-grape Wine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 South Korea Non-grape Wine Market Revenues & Volume, By Household, 2020-2030F |
6.2.3 South Korea Non-grape Wine Market Revenues & Volume, By Commercial, 2020-2030F |
7 South Korea Non-grape Wine Market Import-Export Trade Statistics |
7.1 South Korea Non-grape Wine Market Export to Major Countries |
7.2 South Korea Non-grape Wine Market Imports from Major Countries |
8 South Korea Non-grape Wine Market Key Performance Indicators |
9 South Korea Non-grape Wine Market - Opportunity Assessment |
9.1 South Korea Non-grape Wine Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 South Korea Non-grape Wine Market Opportunity Assessment, By Application, 2020 & 2030F |
10 South Korea Non-grape Wine Market - Competitive Landscape |
10.1 South Korea Non-grape Wine Market Revenue Share, By Companies, 2023 |
10.2 South Korea Non-grape Wine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |