South Korea Cognac & Brandy Market Size, Share, and COVID-19 Impact Analysis, By Type (Value, Premium, High-end Premium, and Super Premium), By Distribution Channel (On-Trade and Off-Trade) , and South Korea Cognac & Brandy Market Insights, Industry Trend, Forecasts to 2035

South Korea Cognac & Brandy Market Size Insights Forecasts to 2035

• The South Korea Cognac & Brandy Market size is Expected to Grow at a CAGR of around 5.3% from 2025 to 2035
• The South Korea Cognac & Brandy Market size is expected to hold a significant Share by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea Cognac & Brandy Market Size is anticipated to grow at a CAGR of 5.3% from 2025 to 2035. The market is driven by rising consumer preference for premium and super-premium spirits, especially among affluent millennials and urban professionals. Growing cocktail culture, social drinking trends, and increased availability through both on-trade and off-trade channels further support market expansion.

Market Overview

Cognac and brandy are spirits distilled from fruit juice that is mostly fermented, the Cognac being a particular kind of brandy made in the region of Cognac in France with tight regulations. Cognac and brandy are gradually gaining a market in South Korea as consumption patterns shift towards luxury and premium spirits. The young and urban white-collar groups are increasingly being attracted to the sophistication and prestige of such spirits. The expansion of Western bar culture, cocktail culture, and experiential drinking is driving more demand, especially in upscale bars, restaurants, and socializing occasions. Premiumization is the largest trend, in which consumers are searching for value through flavor profiles from experts, premium packs, and heritage brands. On-trade and off-trade channels are both increasing with the backing of online liquor portals, duty-free stores, and luxury retail chains. As spirit education and gifting culture also develop, Cognac and brandy become increasingly popular as a lifestyle product and as an indicator of sophisticated taste in South Korea.

Report Coverage

This research report categorizes the market for the South Korea cognac & brandy market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea cognac & brandy market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea cognac & brandy market.

Driving Factors

South Korea cognac & brandy market is driven by consumers' demand for premium and luxury spirits, especially among young high-net-worth individuals. Western dining culture, cocktail culture, and social drinking have spurred the demand in home and on-trade channels. Online store growth, gift culture, and duty-free shopping also contribute to market penetration. Additionally, brand history, premium product introductions, and partnerships with upscale restaurants and bars augment the luxury status of Cognac and brandy among status seekers and lifestyle seekers.

Restraining Factors

The South Korea cognac & brandy market is restrained by the dominance of traditionally popular lower-priced and culturally entrenched alcoholic drinks such as soju and beer. Extremely high tariffs on imports, high-end shelf space, and lack of consumer awareness beyond urban areas are other impediments to wider usage, particularly in value-conscious or provincial markets.

Market Segmentation

The South Korea cognac & brandy market share is classified into type and distribution channel.

• The high-end premium segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea cognac & brandy market is segmented by type into value, premium, high-end premium, and super premium. Among these, the high-end premium segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segment is supported by increasing demand by consumers of premium class for luxury spirits that define status, sophistication, and premium brand experience. These premium Cognac and brandy are extensively utilized in high-end bars, social gatherings, and as a present.

• The off-trade segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea cognac & brandy market is segmented by distribution channel into on-trade and off-trade. Among these, the off-trade segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Off-trade channels such as supermarkets, liquor shops, convenience stores, duty-free outlets, and internet-based provide more convenience and pricing flexibility. Such a distribution method has become popular particularly among those shoppers buying for consumption in the home and special occasions.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea cognac & brandy market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Remy Martin
• Hennessy (LVMH)
• Pernod Ricard
• Suntory
• Diageo Korea
• Lotte Liquor
• Camus Cognac
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea cognac & brandy market based on the below-mentioned segments:

South Korea Cognac & Brandy Market, By Type

• Value
• Premium
• High-end Premium
• Super Premium

South Korea Cognac & Brandy Market, By Distribution Channel

• On-Trade
• Off-Trade