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Report
South Korea Instant Coffee Market Report and Forecast 2024-2032
Market Report I 2023-11-23 I 140 Pages I EMR Inc.
South Korea Instant Coffee Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the South Korea instant coffee market is projected to grow at a CAGR of 3% between 2024 and 2032. Aided by the country's fast-paced lifestyle and the growing coffee culture, the market is expected to grow significantly by 2032.
Instant coffee, known for its quick and easy preparation, has made significant inroads in the South Korean beverage sector. Comprising of concentrated coffee granules or powder, it only requires hot water or milk to prepare, making it a popular choice among consumers who are pressed for time. South Korea, with its booming urban population and work-centric culture, has witnessed an increasing preference for such convenient beverage options.
One of the major factors driving the South Korea instant coffee market growth is rapid urbanisation paired with a bustling corporate environment. The long working hours and the associated time constraints have bolstered the demand for instant beverages. Furthermore, South Korea's chilly winters make warm beverages like coffee an inviting option, strengthening the seasonal demand for instant coffee.
Simultaneously, the nation's burgeoning cafe culture and its influence on consumer preferences cannot be overlooked. As per the South Korea instant coffee market analysis, while traditional drip coffee and artisanal brews are popular among South Korean youth, the convenience and affordability of instant coffee have carved out a significant niche, particularly for in-home consumption.
Innovation in flavour profiles and packaging has also significantly contributed to the market's expansion. Manufacturers are increasingly introducing diverse flavours, catering to South Korean palate preferences such as vanilla, hazelnut, and caramel. Moreover, single-serve packaging and attractive designs aligned with the country's advanced aesthetics further enhance the product's appeal and propel the South Korea instant coffee market demand.
Furthermore, instant coffee's versatility plays a pivotal role in its popularity. Apart from the traditional hot beverage, it is also used in various South Korean desserts and dishes, further widening its consumer base. Popular treats like coffee-flavoured bingsu (shaved ice dessert) and tiramisu often use instant coffee, enhancing the product's presence in South Korean households.
Additionally, manufacturers pivoting towards sustainable sourcing and eco-friendly packaging as well as innovating in terms of flavours and formulations also increases the value of the South Korea instant coffee market size.
Market Segmentation
The market can be divided based on coffee type and distribution channel.
Market Breakup by Coffee Type
- Freeze-Dried Instant Coffee
- Spray-Dried Instant Coffee
Market Breakup by Distribution Channel
- Online
- Supermarkets and Hypermarkets
- Convenience Stores
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the South Korea instant coffee market. Some of the major players explored in the report by Expert Market Research are as follows:
- LOTTE-Nestle Korea Co., Ltd
- Dongsuh Companies Inc.
- Namyang Dairy Products Co., Ltd.
- Starbucks Coffee Company
- Ediya Coffee Company
- Luigi Lavazza S.p.A.
- Maxpresso
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South Korea Instant Coffee Market Analysis
8.1 Key Industry Highlights
8.2 South Korea Instant Coffee Historical Market (2018-2023)
8.3 South Korea Instant Coffee Market Forecast (2024-2032)
8.4 South Korea Instant Coffee Market by Coffee Type
8.4.1 Freeze-Dried Instant Coffee
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Spray-Dried Instant Coffee
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 South Korea Instant Coffee Market by Distribution Channel
8.5.1 Online
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Supermarkets and Hypermarkets
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Convenience Stores
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter's Five Forces Analysis
9.2.1 Supplier's Power
9.2.2 Buyer's Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 LOTTE-Nestle Korea Co., Ltd
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Dongsuh Companies Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Namyang Dairy Products Co., Ltd.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Starbucks Coffee Company
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Ediya Coffee Company
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Luigi Lavazza S.p.A.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Maxpresso
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Instant Coffee Market: Key Industry Highlights, 2018 and 2032
2. South Korea Instant Coffee Historical Market: Breakup by Coffee Type (USD Million), 2018-2023
3. South Korea Instant Coffee Market Forecast: Breakup by Coffee Type (USD Million), 2024-2032
4. South Korea Instant Coffee Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
5. South Korea Instant Coffee Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
6. South Korea Instant Coffee Market Structure
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