South Korea Wine Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Still Wine, Sparkling Wine, Fortified Wine and Vermouth), By Color (Red Wine, Rose Wine, and White Wine), and South Korea Wine Market Insights, Industry Trend, Forecasts to 2035.

South Korea Wine Market Insights Forecasts to 2035

• The South Korea Wine Market Size was estimated at USD 9,802.5 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.46% from 2025 to 2035
• The South Korea Wine Market Size is Expected to Reach USD 14,257.4 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Wine Market Size is anticipated to reach USD 14,257.4 Million by 2035, growing at a CAGR of 3.46% from 2025 to 2035. The industry is being driven by growing knowledge of the possible health benefits of moderate wine intake, such as the antioxidants found in red wine.

Market Overview

The South Korean wine market encompasses the import, distribution, and consumption of wines, including red, white, and rosé wines, within South Korea are all included in the country's wine market. It does not include port wines, champagne, or sparkling wines. The market is defined by the intricate interactions between changing distribution channels, economic factors, and consumer preferences. Additionally, together with the most recent research data available, key trends are concisely and clearly summarized. Use our qualitative analysis, insight, and assured growth projections to plan corporate strategy and comprehend and evaluate competitive threats. Moreover, A number of factors have combined to drive the strong growth of the regional wine market, highlighting its adaptability and resilience. First and foremost, the market has reached new heights due in large part to the growing consumer preference for artisanal and premium wines. Demand for a wide range of wine types has also increased as a result of wine's growing appeal as a lifestyle choice and rising disposable incomes.

Report Coverage

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

Driving Factors

The distribution landscape has changed with the introduction of online platforms and e-commerce, giving customers easy access to a wide variety of wine options. At the same time, as customers look for immersive experiences in vineyards and wineries, the market has been strengthened by the expanding trend of wine tourism. The quality and variety of wines on the market have also been greatly improved by technological developments in viticulture and winemaking techniques. All things considered, these interrelated factors dynamically depict the development of the South Korean wine market, establishing it as a flourishing sector with a bright future.

Restraining Factors

The government regulations and high distribution costs, imported wines are more expensive in South Korea. The retail price of imported wine is significantly higher in Korea than in the exporting country due to the combined effects of distributor markups, logistics expenses, and local liquor taxes.

Market Segmentation

The South Korea wine market share is classified into product type and color.

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

The South Korea wine market is segmented by product type into still wine, sparkling wine, and fortified wine and vermouth. Among these, the still wine segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growing consumer awareness of the health benefits of moderate wine consumption and a strong preference for traditional wine varieties, this category is dominating. Premium and artisanal wines are also becoming more popular if you're following market trends.

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

The South Korea wine market is segmented by color into red wine, rose wine, and white wine. Among these, the red wine segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Red wine is typically preferred by consumers because of its well-established presence in dining culture, strong association with high-end imports, and perceived health benefits.

Competitive Analysis:

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

• Bohae Brewing Co Ltd
• Indulge Co Ltd
• Keumyang International Co Ltd
• Kooksoondang Brewery Co Ltd
• Lotte Chilsung Beverage Co Ltd
• Shinsegae L&B Co Ltd
• Others

Recent Developments:

• In December 2024, Hite Jinro declared that Bethel Heights Vineyard and Shea Wine Cellar would be introduced exclusively to the domestic market in the United States.

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 wine market based on the below-mentioned segments:

South Korea Wine Market, By Product Type

• Still Wine
• Sparkling Wine
• Fortified Wine and Vermouth

South Korea Wine Market, By Color

• Red Wine
• Rose Wine
• White Wine