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Global Soju Market Insights and Forecast to 2028
SKU ID : QYR-19875320 | Publishing Date : 07-Jan-2022 | No. of pages : 108
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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.
Market Analysis and Insights: Global Soju Market
Due to the COVID-19 pandemic, the global Soju market size is estimated to be worth US$ 3250.9 million in 2022 and is forecast to a readjusted size of US$ 3726.1 million by 2028 with a CAGR of 2.3% during the review period. Fully considering the economic change by this health crisis, Distilled Soju accounting for % of the Soju global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Below 20 Years Old segment is altered to an % CAGR throughout this forecast 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.
Global Soju Scope and Segment
Soju market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Soju market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Distilled Soju
Diluted Soju
Segment by Application
Below 20 Years Old
20-40 Years Old
40-60 Years Old
Above 60 Years Old
By Company
HiteJinro
Lotte Liquor
Muhak
Kumbokju
C1 Soju
bohae
Chungbuk
Hallasan
Mackiss
Andong
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Market Analysis and Insights: Global Soju Market
Due to the COVID-19 pandemic, the global Soju market size is estimated to be worth US$ 3250.9 million in 2022 and is forecast to a readjusted size of US$ 3726.1 million by 2028 with a CAGR of 2.3% during the review period. Fully considering the economic change by this health crisis, Distilled Soju accounting for % of the Soju global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Below 20 Years Old segment is altered to an % CAGR throughout this forecast 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.
Global Soju Scope and Segment
Soju market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Soju market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Distilled Soju
Diluted Soju
Segment by Application
Below 20 Years Old
20-40 Years Old
40-60 Years Old
Above 60 Years Old
By Company
HiteJinro
Lotte Liquor
Muhak
Kumbokju
C1 Soju
bohae
Chungbuk
Hallasan
Mackiss
Andong
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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