South Korea Specialty Coffee Market Size & Outlook

The specialty coffee market in South Korea is expected to reach a projected revenue of US$ 1,894.9 million by 2030. A compound annual growth rate of 12.2% is expected of South Korea specialty coffee market from 2024 to 2030.
Revenue, 2023 (US$M)
$844.3
Forecast, 2030 (US$M)
$1,894.9
CAGR, 2024 - 2030
12.2%
Report Coverage
South Korea

South Korea specialty coffee market highlights

  • The South Korea specialty coffee market generated a revenue of USD 844.3 million in 2023 and is expected to reach USD 1,894.9 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
  • In terms of segment, 18-24 was the largest revenue generating age group in 2023.
  • 25-39 is the most lucrative age group segment registering the fastest growth during the forecast period.


Specialty coffee market data book summary

Market revenue in 2023USD 844.3 million
Market revenue in 2030USD 1,894.9 million
Growth rate12.2% (CAGR from 2023 to 2030)
Largest segment18-24
Fastest growing segment25-39
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentation18-24, 25-39, 40-59, Above 60
Key market players worldwideNestle SA, Starbucks Corp, Keurig Dr Pepper Inc, Coca-Cola Co, JM Smucker Co, Baristas Coffee Co Inc, Cafe Coffee Day, The Eight O'Clock Coffee Co, F. Gavi̱a and Sons, Inc., Don Francisco's Coffee, Inspire Brands


Other key industry trends

  • In terms of revenue, South Korea accounted for 3.5% of the global specialty coffee market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, Japan specialty coffee market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,661.8 million by 2030.

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Specialty Coffee Market Scope

Specialty coffee market segmentation & scope
18-24
25-39
40-59
Above 60
Home
Commercial
Supermarkets/hypermarkets
Convenience stores
Online

Specialty Coffee Market Companies

Name Profile # Employees HQ Website

South Korea specialty coffee market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty coffee market will help companies and investors design strategic landscapes.


18-24 was the largest segment with a revenue share of 32.95% in 2023. Horizon Databook has segmented the South Korea specialty coffee market based on 18-24, 25-39, 40-59, above 60 covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea specialty coffee market databook

  • Our clientele includes a mix of specialty coffee market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea specialty coffee market , including forecasts for subscribers. This country databook contains high-level insights into South Korea specialty coffee market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea specialty coffee market size, by age group, 2018-2030 (US$M)

South Korea Specialty Coffee Market Outlook Share, 2023 & 2030 (US$M)

South Korea specialty coffee market size, by age group, 2018-2030 (US$M)

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