IMARCGroup's report titled "SouthKorea 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 beermarket size is projected to exhibit a growth rate (CAGR) of 8.90%during 2024-2032.
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TheSouth 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.
Technologicaldevelopments 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
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