South Korea Sugar Free Beverages Market Overview
According to SPER Market Research, the South Korea Sugar Free Beverages Market is estimated to reach USD 1.58 billion by 2033 with a CAGR 18.78%.
Sugar-free beverages are drinks that do not contain added sugar or artificial sweeteners, which are commonly found in many soft drinks and juices. These types of drinks are designed to be a healthier alternative to regular sugary drinks that can cause negative health effects when consumed in excess. Instead, sugar-free beverages use natural sweeteners like stevia or erythritol, which are low-calorie alternatives that do not have the same impact on blood sugar levels as regular sugar.
Many sugar-free beverages also contain other healthy ingredients, such as vitamins, minerals, and antioxidants, which can provide additional health benefits. Some examples of sugar-free beverages include diet soda, sugar-free sports drinks, and flavoured water. These drinks can help individuals who are trying to maintain a healthy diet or lose weight by reducing their sugar intake and avoiding the negative health effects associated with consuming too much sugar. Overall, sugar-free beverages can be a great alternative to regular sugary drinks, providing a healthier option for those looking to improve their overall health and well-being.
Exploring the Growth Drivers of the South Korea Sugar Free Beverages Industry
The South Korean Sugar-Free Beverage Industry is quickly expanding as a result of numerous growth drivers, including increased Health Consciousness and others. South Korean consumers are becoming more health-conscious, and they are looking for healthier alternatives to sugary drinks. Sugar-free beverages are gaining popularity among health-conscious consumers since they are seen as a healthier option. Obesity and diabetes are on the rise in South Korea, fueling demand for sugar-free beverages as a low-calorie, sugar-free alternative to traditional sugary drinks. In addition, the South Korean government promotes healthy eating habits and the usage of sugar-free and low-calorie beverages. The government's actions, such as the implementation of sugar tariffs, are propelling the country's sugar-free beverage industry forward.
What challenges does the South Korea Sugar Free Beverages Market face?
The significant competition from traditional carbonated drinks and other non-alcoholic beverages is one of the primary issues confronting the South Korean Sugar Free Beverages Market. Many South Korean customers still prefer traditional sugary carbonated beverages, and there is a lack of awareness and education about the benefits of sugar-free beverages. Another issue is the high cost of sugar alternatives, which may raise the price of sugar-free beverages, making them less affordable for some consumers. Furthermore, the scarcity and variety of sugar-free beverages in some parts of the country may hinder their acceptance. Furthermore, legislation and norms governing the use of artificial sweeteners in food and beverages may present difficulties. Because artificial sweeteners are strictly prohibited in South Korea, some customers may be cautious to consume sugar-free beverages containing these substances.
In what ways has the COVID-19 pandemic affected South Korea Sugar Free Beverages Market?
The COVID-19 pandemic has had a mixed impact on the Sugar Free Beverage Market in South Korea. On the one hand, there has been a shift toward better lifestyles, with many customers becoming more health-conscious and seeking out sugar-free beverages to minimize sugar intake and maintain a balanced diet. As a result, demand for sugar-free beverages has increased in South Korea. However, the pandemic has resulted in a decline in overall beverage consumption as many customers have stayed at home and reduced their intake of on-the-go beverages. This has had an impact on the sales of all beverages, including sugar-free beverages.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Distribution Channel
|
| Regions covered | Busan, Chungcheong Region, Daegu, Daejeon, Gangwon Region, Gwangju, Gyeongsang Region, Incheon, Jeju Island, Jeolla Region, Seoul
|
| Companies Covered | Hitejinro Co., Ltd., Lotte Chilsung Beverage Co., Ltd., PepsiCo, Inc., Red Bull GmbH, The Coca-Cola Company, The Kraft Heinz Company
|
Key Target Audience:
- Academics and Students
- Beverage Manufacturers
- Consultants
- Distributors and Retailers
- Government and Regulatory Bodies
- Investors
- Market Researchers
- Others
South Korea Sugar Free Beverages Market Segmentation:
1. By Type:
- South Korea Sugar Free Beverages Market Value Share and Forecast, By Type, 2023-2033
- Alcoholic Beverages
- Carbonated Soft Drinks
- Energy Drinks
- Fruit and Vegetable Juices
- Ready-to-Go Drinks
- Others
2. By Distribution Channel:
- South Korea Sugar Free Beverages Market Value Share and Forecast, By Distribution Channel, 2023-2033
- Convenience Stores
- Online Sales
- Supermarkets/Hypermarkets
- Other Distribution Channels
3. By Region:
- Busan
- Chungcheong Region
- Daegu, Daejeon
- Gangwon Region
- Gwangju
- Gyeongsang Region
- Incheon
- Jeju Island
- Jeolla Region
- Seoul
Key Topics Covered in the Report:
- South Korea Sugar Free Beverages Market Size (FY’2023-FY’2033)
- Overview of South Korea Sugar Free Beverages Market
- Segmentation of South Korea Sugar Free Beverages Market By Type (Alcoholic Beverages, Carbonated Soft Drinks, Energy Drinks, Fruit and Vegetable Juices, Ready-to-Go Drinks, Others)
- Segmentation of South Korea Sugar Free Beverages Market By Distribution Channel (Convenience Stores, Online Sales, Supermarkets/Hypermarkets, Other Distribution Channels)
- Statistical Snap of South Korea Sugar Free Beverages Market
- Growth Analysis of South Korea Sugar Free Beverages Market
- Problems and Challenges in South Korea Sugar Free Beverages Market
- Competitive Landscape in the South Korea Sugar Free Beverages Market
- Impact of COVID-19 and Demonetization on South Korea Sugar Free Beverages Market
- Details on Recent Investment in South Korea Sugar Free Beverages Market
- Competitive Analysis of South Korea Sugar Free Beverages Market
- Key Players in the South Korea Sugar Free Beverages Market
- SWOT Analysis of South Korea Sugar Free Beverages Market
- South Korea Sugar Free Beverages Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Sugar Free Beverages Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Sugar Free Beverages Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Sugar Free Beverages Market
7. South Korea Sugar Free Beverages Market, By Type (USD Million)
7.1. South Korea Sugar Free Beverages Market Value Share and Forecast, By Type, 2023-2033
7.2. Alcoholic Beverages
7.3. Carbonated Soft Drinks
7.4. Energy Drinks
7.5. Fruit and Vegetable Juices
7.6. Ready-to-Go Drinks
7.7. Others
8. South Korea Sugar Free Beverages Market, By Distribution Channel (USD Million)
8.1. South Korea Sugar Free Beverages Market Value Share and Forecast, By Distribution Channel, 2023-2033
8.2. Convenience Stores
8.3. Online Sales
8.4. Supermarkets/Hypermarkets
8.5. Other Distribution Channels
9. South Korea Sugar Free Beverages Market Forecast, 2019-2033 (USD Million)
9.1. South Korea Sugar Free Beverages Market Size and Market Share
10. South Korea Sugar Free Beverages Market, By Type, 2019-2033 (USD Million)
10.1. South Korea Sugar Free Beverages Market Size and Market Share by Type (2019-2026)
10.2. South Korea Sugar Free Beverages Market Size and Market Share by Type (2027-2033)
11. South Korea Sugar Free Beverages Market, By Distribution Channel, 2019-2033 (USD Million)
11.1. South Korea Sugar Free Beverages Market Size and Market Share by Distribution Channel (2019-2026)
11.2. South Korea Sugar Free Beverages Market Size and Market Share by Distribution Channel (2027-2033)
12. South Korea Sugar Free Beverages Market, By Region, 2019-2033 (USD Million)
12.1. South Korea Sugar Free Beverages Market Size and Market Share by Region (2019-2026)
12.2. South Korea Sugar Free Beverages Market Size and Market Share by Region (2027-2033)
12.3. Busan
12.4. Chungcheong Region
12.5. Daegu
12.6. Daejeon
12.7. Gangwon Region
12.8. Gwangju
12.9. Gyeongsang Region
12.10. Incheon
12.11. Jeju Island
12.12. Jeolla Region
12.13. Seoul
13. Company Profile
13.1. Hitejinro Co., Ltd.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Lotte Chilsung Beverage Co., Ltd.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. PepsiCo, Inc.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Red Bull GmbH
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. The Coca-Cola Company
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. The Kraft Heinz Company
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
