IMARC Group's report titled "South Korea Craft Beer Market Report by Product Type (Ales, Lagers, and Others), Age Group (21-35 Years Old, 40-54 Years Old, 55 Years and Above), Distribution Channel (On-Trade, Off-Trade), and Region 2024-2032". South Korea craft beer market size is projected to exhibit a growth rate (CAGR) of 8.90% during 2024-2032.
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The South Korea craft beer market is witnessing growth due to the increased customer interest in diversity and high-quality beers. Furthermore, demand for craft beer is rising as younger customers seek innovative and tasty alternatives to standard lagers and mass-produced beers, which is boosting the market. This shift in taste is leading to a surge in the need for craft beers, known for their artisanal brewing methods and distinctive flavors. Moreover, the relaxation of brewing regulations by the government authorities and support for small-scale breweries are encouraging local entrepreneurs to enter the market, further fueling its expansion.
Technological developments and creative brewing procedures are also contributing to the expansion of the South Korea craft beer market. In addition to this, brewers are experimenting with a wide range of ingredients, such as local fruits, herbs, and spices, to create unique and regionally inspired beers that cater to local palates, which are acting as another growth-inducing factor. Furthermore, the market is catalyzed by the growing popularity of beer festivals and tasting events, which enhance consumer awareness and appreciation of craft beer and promote a culture of experimentation and discovery. Apart from this, the advent of e-commerce and online delivery platforms is making craft beers more accessible to a wider audience, increasing sales, which is expected to fuel the South Korea craft beer market over the forecasted period.
South Korea Craft Beer Market Report Segmentation:
Breakup by Product Type:
- Ales
- Lagers
- Others
Breakup by Age Group:
- 21-35 Years Old
- 40-54 Years Old
- 55 Years and Above
Breakup by Distribution Channel:
- On-Trade
- Off-Trade
Breakup by Region:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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