South Korea Dry Red Wine Market Size, Share, and COVID-19 Impact Analysis, By Type (Still Wines and Sparkling Wines), By Application (Daily Meals and Social Occasions), and South Korea Dry Red Wine Market Insights, Industry Trend, Forecasts to 2035

South Korea Dry Red Wine Market Size Insights Forecasts to 2035

• The South Korea Dry Red Wine Market size is Expected to Grow at a CAGR of around 5.4% from 2025 to 2035
• The South Korea Dry Red Wine Market size is expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Dry Red Wine Market Size is anticipated to grow at a CAGR of 5.4% from 2025 to 2035. The market is driven by rising wine consumption among younger demographics and growing awareness of red wine’s health benefits. Expanding availability through retail and e-commerce channels further supports market growth.

Market Overview

South Korea dry red wine market is witnessing steady growth with the upsurge in cultural acceptability, growing disposable incomes, and the Westernization of dining. Red wine has entered the mainstream of daily eating as well as celebratory eating, especially among young adults. Though still wines continue to lead the category, sparkling red wines are also beginning to gain traction in social occasions and fine dining. Growing health consciousness and antioxidant status of red wine are also positively nudging consumption. Well-organized logistics and import infrastructure, robust e-commerce platforms, and regular promotional efforts by wine distributors and retail brands sustain the market. Such a buoyant market situation places the red wine market on firm growth until 2035.

Report Coverage

This research report categorizes the market for the South Korea dry red wine 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 dry red wine 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 Dry red wine market.

Driving Factors

Dry red wine is increasingly gaining popularity in South Korea as it is related to a luxurious lifestyle, health, and better wine knowledge. Red wine is increasingly being adopted by young consumers for everyday meals as well as festivities. Wine bars, wine shops, and wine tastings have also raised the level of consumer engagement. Also, internet-based alcohol liberalization helps to drive increased availability through expanded distribution from new retail, resulting in increased take-up in both metropolitan and tier-two cities.

Restraining Factors

The market is challenged with stiff import costs, low domestic output, and stiff competition from other conventional Korean alcoholic drinks like beer and soju. Mature clients are not much aware of red wine, confining its uptake to niche markets. Price perception and the exclusivity of wine also keep rural and cost-conscious markets out.

Market Segmentation

The South Korea Dry Red Wine Market share is classified into type and application.

• The still wines segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea dry red wine market is segmented by type into still wines and sparkling wines. Among these, the still wines segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Still wines are more universally distributed, lower-priced, and more consumers. Red sparkling wines are growing, particularly in social gatherings and upscale restaurants, but as a niche market.

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

The South Korea dry red wine market is segmented by application into daily meals and social occasions. Among these, the social occasions segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Red wine consumption is becoming more common at social events, anniversaries, weddings, and special dining. Yet as the daypart for wine consumption picks up stronger in everyday meals, the meal part of the day will increase steadily, particularly among working young people and health-oriented consumers.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea dry red wine 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

• Lotte Liquor
• HiteJinro
• Shinsegae L&B
• Vina Concha Y Toro
• Kooksoondang
• Pernod Ricard Korea
• Wine Korea Co., Ltd.
• Mandoo Cellar
• Chilean Wine Exporters
• Diageo Korea
• 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 dry red wine market based on the below-mentioned segments:

South Korea Dry Red Wine Market, By Type

• Still Wines
• Sparkling Wines

South Korea Dry Red Wine Market, By Application

• Daily Meals
• Social Occasions