IMARC Group has recently released a new research study titled “South Korea Wine Market Size, Share, Trends and Forecast by Product Type, Color, Distribution Channel, and Region, 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Wine Market Overview
The South Korea wine market size was valued at USD 9,683.51 Million in 2024 and is projected to reach USD 13,257.43 Million by 2033, growing at a CAGR of 3.6% during the forecast period of 2025-2033. The market growth is driven by evolving consumer lifestyles, especially among younger generations viewing wine as a trendy and healthier alternative to traditional spirits. Increased global cultural exposure and the rise of e-commerce have enhanced wine accessibility, fostering greater consumer engagement and exploration of diverse wine types.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Wine Market Key Takeaways
- Current Market Size: USD 9,683.51 Million in 2024
- CAGR: 3.6% (2025-2033)
- Forecast Period: 2025-2033
- Seoul Capital Area dominates the market due to urbanization, affluent consumers, and cultural openness.
- Wine is increasingly considered a healthier, upscale alternative to traditional spirits like soju.
- E-commerce and relaxed alcohol regulations have expanded wine accessibility.
- Millennial and Gen Z consumers, especially women (currently 48%, projected 60%), are key growth drivers.
- Off-trade channels hold 71.1% market share, reflecting at-home consumption habits.
Sample Request Link: https://www.imarcgroup.com/south-korea-wine-market/requestsample
