South Korea Coffee Market Size & Outlook, 2023-2030

The coffee market in South Korea is expected to reach a projected revenue of US$ 12,138.4 million by 2030. A compound annual growth rate of 6.9% is expected of South Korea coffee market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,599.7
Forecast, 2030 (US$M)
$12,138.4
CAGR, 2024 - 2030
6.9%
Report Coverage
South Korea

South Korea coffee market highlights

  • The South Korea coffee market generated a revenue of USD 7,599.7 million in 2023 and is expected to reach USD 12,138.4 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
  • In terms of segment, roasted was the largest revenue generating product in 2023.
  • Ready to Drink is the most lucrative product segment registering the fastest growth during the forecast period.


Coffee market data book summary

Market revenue in 2023USD 7,599.7 million
Market revenue in 2030USD 12,138.4 million
Growth rate6.9% (CAGR from 2023 to 2030)
Largest segmentRoasted
Fastest growing segmentReady to Drink
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationRoasted, Instant, Ready to Drink
Key market players worldwideNestle SA, Starbucks Corp, JDE Peets NV Ordinary Shares, Tchibo Coffee International, Luigi Lavazza, Strauss Group Ltd, JM Smucker Co, Melitta, UCC Ueshima Coffee, Massimo Zanetti Beverage Group


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.6% of the global 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 coffee market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,252.4 million by 2030.

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Coffee Market Companies

Name Profile # Employees HQ Website

South Korea 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 coffee market will help companies and investors design strategic landscapes.


Roasted was the largest segment with a revenue share of 54.25% in 2023. Horizon Databook has segmented the South Korea coffee market based on roasted, instant, ready to drink covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea coffee market databook

  • Our clientele includes a mix of 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.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea coffee market , including forecasts for subscribers. This country databook contains high-level insights into South Korea coffee market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea coffee market size, by product, 2018-2030 (US$M)

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

South Korea coffee market size, by product, 2018-2030 (US$M)

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