South Korea: The ready-to-drink coffee market is still growing during the COVID-19 pandemic

Published 2021년 8월 27일

Tridge summary

The ready-to-drink coffee market in Korea saw a growth of 5.9%, generating 672.9 billion won in the first half of 2021. Canned coffee was the leading segment with 258.6 billion won, while bottled coffee grew the most, by 18.6%, due to consumer preference. Dongsuh Foods Corp. held the largest market share with 25.7%, followed by Lotte Chilsung Beverage Co. with 25.3%, and Maeil Daries Co. with 15.9%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Nielsen Koreanclick, the size of the ready-to-drink coffee market in Korea reached 672.9 billion won (equivalent to 574 million USD) in the period from January to June 2021, an increase of 5.9% over the same period last year. . Canned coffee accounted for the largest share with 258.6 billion won, followed by bottled coffee with 137.5 billion won. Sales of canned coffee increased by 1.7% year-on-year with sales of bottled coffee up 18.6% due to increasing consumer preference. An industry source said that sales of coffee drinks grew steadily in the first six months of 2021 as more consumers shopped at convenience ...

Source: Vinanet