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Soju-Global Market Insights and Sales Trends 2024
Synopsis
Soju is the best known liquor from Korea. It is distilled, vodka-like, rice liquor with high potency and often flavored similarly. It is smooth and clean in taste, which makes it easy to drink in combination with various Korean dishes. The main ingredient of soju is rice, almost always in combination with other ingredients such as wheat, barley, or sweet potatoes. Soju is clear-colored and typically varies in alcohol content from 10% to 25% proof.
The global Soju market size is expected to reach US$ 3726.1 million by 2029, growing at a CAGR of 2.3% from 2023 to 2029. The market is mainly driven by the significant applications of Soju in various end use industries. The expanding demands from the Below 20 Years Old, 20-40 Years Old, 40-60 Years Old and Above 60 Years Old, are propelling Soju market. Distilled Soju, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Diluted Soju segment is estimated at % CAGR for the next seven-year period.
Korea is the largest market with about 97% market share.
The key players are HiteJinro, Lotte Liquor, Muhak, Kumbokju, C1 Soju, bohae, Chungbuk, Hallasan, Mackiss, Andong etc. Top 3 companies occupied about 69% market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Soju, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Soju market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Soju market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Soju sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Soju covered in this report include HiteJinro, Lotte Liquor, Muhak, Kumbokju, C1 Soju, bohae, Chungbuk, Hallasan and Mackiss, etc.
The global Soju market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
HiteJinro
Lotte Liquor
Muhak
Kumbokju
C1 Soju
bohae
Chungbuk
Hallasan
Mackiss
Andong
Global Soju market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Soju market, Segment by Type:
Distilled Soju
Diluted Soju
Global Soju market, by Application
Below 20 Years Old
20-40 Years Old
40-60 Years Old
Above 60 Years Old
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Soju manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Soju in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Soju is the best known liquor from Korea. It is distilled, vodka-like, rice liquor with high potency and often flavored similarly. It is smooth and clean in taste, which makes it easy to drink in combination with various Korean dishes. The main ingredient of soju is rice, almost always in combination with other ingredients such as wheat, barley, or sweet potatoes. Soju is clear-colored and typically varies in alcohol content from 10% to 25% proof.
The global Soju market size is expected to reach US$ 3726.1 million by 2029, growing at a CAGR of 2.3% from 2023 to 2029. The market is mainly driven by the significant applications of Soju in various end use industries. The expanding demands from the Below 20 Years Old, 20-40 Years Old, 40-60 Years Old and Above 60 Years Old, are propelling Soju market. Distilled Soju, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Diluted Soju segment is estimated at % CAGR for the next seven-year period.
Korea is the largest market with about 97% market share.
The key players are HiteJinro, Lotte Liquor, Muhak, Kumbokju, C1 Soju, bohae, Chungbuk, Hallasan, Mackiss, Andong etc. Top 3 companies occupied about 69% market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Soju, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Soju market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Soju market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Soju sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Soju covered in this report include HiteJinro, Lotte Liquor, Muhak, Kumbokju, C1 Soju, bohae, Chungbuk, Hallasan and Mackiss, etc.
The global Soju market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
HiteJinro
Lotte Liquor
Muhak
Kumbokju
C1 Soju
bohae
Chungbuk
Hallasan
Mackiss
Andong
Global Soju market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Soju market, Segment by Type:
Distilled Soju
Diluted Soju
Global Soju market, by Application
Below 20 Years Old
20-40 Years Old
40-60 Years Old
Above 60 Years Old
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Soju manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Soju in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Soju Market Overview
1.1 Soju Product Overview
1.2 Soju Market Segment by Type
1.2.1 Distilled Soju
1.2.2 Diluted Soju
1.3 Global Soju Market Size by Type
1.3.1 Global Soju Market Size Overview by Type (2018-2029)
1.3.2 Global Soju Historic Market Size Review by Type (2018-2023)
1.3.3 Global Soju Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Soju Sales Breakdown by Type (2018-2023)
1.4.2 Europe Soju Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Soju Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Soju Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Soju Sales Breakdown by Type (2018-2023)
2 Global Soju Market Competition by Company
2.1 Global Top Players by Soju Sales (2018-2023)
2.2 Global Top Players by Soju Revenue (2018-2023)
2.3 Global Top Players by Soju Price (2018-2023)
2.4 Global Top Manufacturers Soju Manufacturing Base Distribution, Sales Area, Product Type
2.5 Soju Market Competitive Situation and Trends
2.5.1 Soju Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Soju Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Soju as of 2022)
2.7 Date of Key Manufacturers Enter into Soju Market
2.8 Key Manufacturers Soju Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Soju Status and Outlook by Region
3.1 Global Soju Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Soju Historic Market Size by Region
3.2.1 Global Soju Sales in Volume by Region (2018-2023)
3.2.2 Global Soju Sales in Value by Region (2018-2023)
3.2.3 Global Soju Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Soju Forecasted Market Size by Region
3.3.1 Global Soju Sales in Volume by Region (2024-2029)
3.3.2 Global Soju Sales in Value by Region (2024-2029)
3.3.3 Global Soju Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Soju by Application
4.1 Soju Market Segment by Application
4.1.1 Below 20 Years Old
4.1.2 20-40 Years Old
4.1.3 40-60 Years Old
4.1.4 Above 60 Years Old
4.2 Global Soju Market Size by Application
4.2.1 Global Soju Market Size Overview by Application (2018-2029)
4.2.2 Global Soju Historic Market Size Review by Application (2018-2023)
4.2.3 Global Soju Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Soju Sales Breakdown by Application (2018-2023)
4.3.2 Europe Soju Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Soju Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Soju Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Soju Sales Breakdown by Application (2018-2023)
5 North America Soju by Country
5.1 North America Soju Historic Market Size by Country
5.1.1 North America Soju Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Soju Sales in Volume by Country (2018-2023)
5.1.3 North America Soju Sales in Value by Country (2018-2023)
5.2 North America Soju Forecasted Market Size by Country
5.2.1 North America Soju Sales in Volume by Country (2024-2029)
5.2.2 North America Soju Sales in Value by Country (2024-2029)
6 Europe Soju by Country
6.1 Europe Soju Historic Market Size by Country
6.1.1 Europe Soju Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Soju Sales in Volume by Country (2018-2023)
6.1.3 Europe Soju Sales in Value by Country (2018-2023)
6.2 Europe Soju Forecasted Market Size by Country
6.2.1 Europe Soju Sales in Volume by Country (2024-2029)
6.2.2 Europe Soju Sales in Value by Country (2024-2029)
7 Asia-Pacific Soju by Region
7.1 Asia-Pacific Soju Historic Market Size by Region
7.1.1 Asia-Pacific Soju Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Soju Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Soju Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Soju Forecasted Market Size by Region
7.2.1 Asia-Pacific Soju Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Soju Sales in Value by Region (2024-2029)
8 Latin America Soju by Country
8.1 Latin America Soju Historic Market Size by Country
8.1.1 Latin America Soju Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Soju Sales in Volume by Country (2018-2023)
8.1.3 Latin America Soju Sales in Value by Country (2018-2023)
8.2 Latin America Soju Forecasted Market Size by Country
8.2.1 Latin America Soju Sales in Volume by Country (2024-2029)
8.2.2 Latin America Soju Sales in Value by Country (2024-2029)
9 Middle East and Africa Soju by Country
9.1 Middle East and Africa Soju Historic Market Size by Country
9.1.1 Middle East and Africa Soju Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Soju Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Soju Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Soju Forecasted Market Size by Country
9.2.1 Middle East and Africa Soju Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Soju Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 HiteJinro
10.1.1 HiteJinro Company Information
10.1.2 HiteJinro Introduction and Business Overview
10.1.3 HiteJinro Soju Sales, Revenue and Gross Margin (2018-2023)
10.1.4 HiteJinro Soju Products Offered
10.1.5 HiteJinro Recent Development
10.2 Lotte Liquor
10.2.1 Lotte Liquor Company Information
10.2.2 Lotte Liquor Introduction and Business Overview
10.2.3 Lotte Liquor Soju Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Lotte Liquor Soju Products Offered
10.2.5 Lotte Liquor Recent Development
10.3 Muhak
10.3.1 Muhak Company Information
10.3.2 Muhak Introduction and Business Overview
10.3.3 Muhak Soju Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Muhak Soju Products Offered
10.3.5 Muhak Recent Development
10.4 Kumbokju
10.4.1 Kumbokju Company Information
10.4.2 Kumbokju Introduction and Business Overview
10.4.3 Kumbokju Soju Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Kumbokju Soju Products Offered
10.4.5 Kumbokju Recent Development
10.5 C1 Soju
10.5.1 C1 Soju Company Information
10.5.2 C1 Soju Introduction and Business Overview
10.5.3 C1 Soju Soju Sales, Revenue and Gross Margin (2018-2023)
10.5.4 C1 Soju Soju Products Offered
10.5.5 C1 Soju Recent Development
10.6 bohae
10.6.1 bohae Company Information
10.6.2 bohae Introduction and Business Overview
10.6.3 bohae Soju Sales, Revenue and Gross Margin (2018-2023)
10.6.4 bohae Soju Products Offered
10.6.5 bohae Recent Development
10.7 Chungbuk
10.7.1 Chungbuk Company Information
10.7.2 Chungbuk Introduction and Business Overview
10.7.3 Chungbuk Soju Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Chungbuk Soju Products Offered
10.7.5 Chungbuk Recent Development
10.8 Hallasan
10.8.1 Hallasan Company Information
10.8.2 Hallasan Introduction and Business Overview
10.8.3 Hallasan Soju Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Hallasan Soju Products Offered
10.8.5 Hallasan Recent Development
10.9 Mackiss
10.9.1 Mackiss Company Information
10.9.2 Mackiss Introduction and Business Overview
10.9.3 Mackiss Soju Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mackiss Soju Products Offered
10.9.5 Mackiss Recent Development
10.10 Andong
10.10.1 Andong Company Information
10.10.2 Andong Introduction and Business Overview
10.10.3 Andong Soju Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Andong Soju Products Offered
10.10.5 Andong Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Soju Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Soju Industrial Chain Analysis
11.4 Soju Market Dynamics
11.4.1 Soju Industry Trends
11.4.2 Soju Market Drivers
11.4.3 Soju Market Challenges
11.4.4 Soju Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Soju Distributors
12.3 Soju Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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