South Korea Fortified Wine Market Size, Share, and COVID-19 Impact Analysis, By Product (Port Wine, Vermouth, and Sherry), By Distribution Channel (liquor stores, Pub, Bars & Restaurants, Internet Retailing, Liquor Stores, and Supermarkets), and South Korea Fortified Wine Market Insights, Industry Trend, Forecasts to 2035

South Korea Fortified Wine Market Size Insights Forecasts to 2035

• The South Korea Fortified Wine Market Size Was Estimated at USD 392.3 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 11.01% from 2025 to 2035
• The South Korea Fortified Wine Market Size is Expected to Reach USD 1237.9 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea Fortified Wine Market Size is anticipated to reach USD 1237.9 million by 2035, growing at a CAGR of 11.01% from 2025 to 2035. Technical advancement, manufacturing development, and taste innovation are driving market expansion. The industry's expansion is also being aided by the growing demand for and consumption of alcoholic beverages at various special events. Product consumption is regarded as social recognition, which will propel industry expansion throughout the course of the projection period.

Market Overview

A distilled spirit, typically brandy, is added to wine to make it fortified, raising its alcohol content above that of ordinary wine. The wine's flavor profile is frequently changed by this fortification procedure, which also makes the wine richer and more complex. Antioxidants like resveratrol, which are associated with heart health and may lower the risk of certain diseases, are found in fortified wines, particularly those produced from red grapes. Consumers who are wealthier can experiment with more upscale and opulent alcoholic beverages, such as fortified wines. Fortified wines are becoming more widely available to customers due to the expansion of contemporary supermarkets and online sales. Fortified wines are popular because they might be viewed as a way to gain social prestige and reputation. A staple in cocktails and dessert pairings, fortified wines are adaptable and may be savored either on their own or in combination with food. Fortified wines are becoming more and more popular worldwide due to wine tourism, which includes festivals, food and wine pairings, and guided tours. To draw in new customers and wine enthusiasts, wineries can provide distinctive experiences. To maintain transparency and educate customers, governments enforce labeling laws that require information such as alcohol concentration, volume, and provenance.

Report Coverage

This research report categorizes the market for South Korea fortified wine market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea fortified 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 South Korea fortified wine market.

Driving Factors        

The rising consumer interest in premium and craft alcoholic beverages, along with increasing wine culture awareness. Growing disposable income and changing lifestyles have led to higher demand for diverse and sophisticated drink options. Additionally, the expanding food and beverage industry, especially in urban areas, supports consumption through pairing trends. Online retail and improved distribution networks also enhance accessibility.

Restraining Factors

Premium quality fortified wines are expensive, deterring price-sensitive consumers. Competition from spirits, craft beers, cocktails, and low-alcohol alternatives limits market share. Growing awareness of alcohol’s health risks and preference for low- or non-alcoholic drinks reduces demand. High taxes, strict labeling rules, volatile raw material prices, and logistical hurdles constrain growth.

Market Segmentation

The South Korea fortified wine market share is classified into product and distribution channel.

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

The South Korea fortified wine market is segmented by product into port wine, vermouth, and sherry. Among these, the port wine segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The market is anticipated to develop as a result of vermouth wine's growing use as an antiseptic and medication to treat viral and cold illnesses.

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

The South Korea fortified wine market is segmented by distribution channel into liquor stores, pub, bars & restaurants, internet retailing, liquor stores, and supermarkets. Among these, the liquor stores segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. They extensive product line, knowledgeable employees, and solid customer base.  These shops serve a rising market of discriminating consumers by providing easy access to high-end, foreign fortified wines. Additionally, rising interest in wine culture and at-home consumption supports ongoing growth. With expanding urbanization and increasing disposable income.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea fortified 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 elaborate analysis focusing on the companies' current news and developments, including 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

• HiteJinro Co., Ltd.
• Kook Soon Dang Brewery Co., Ltd.
• Bohae Brewery Co., Ltd.
• Indulge Co., Ltd.
• Keumyang International Co., Ltd.
• Lotte Chilsung Beverage Co., Ltd.
• Shinsegae L&B Co., Ltd.
• Seoul Takju Manufacturers Association
• Pusan Takju Association
• Jipyeong Brewing Co., Ltd.
• Baesangmyun Brewery Co., Ltd.
• Daegu Takju Association
• Others

 Recent Developments:

• In June 2024, South Korean retail giant Shinsagae Group has announced the launch of a high-end wine retail space which will introduce its consumers to Liber Pater, Domain Leroy, Salon and more prestigious labels in consultation with Jeannie Cho Lee MW.

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 fortified wine market based on the below-mentioned segments

South Korea Fortified Wine Market, By Product

• Port Wine
• Vermouth
• Sherry

South Korea Fortified Wine Market, By Distribution Channel

• Pub, Bars & Restaurants
• Internet Retailing
• Liquor Stores
• Supermarkets