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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.
LPI (LP Information)' newest research report, the "Soju Industry Forecast" looks at past sales and reviews total world Soju sales in 2022, providing a comprehensive analysis by region and market sector of projected Soju sales for 2023 through 2029. With Soju sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Soju industry.
This Insight Report provides a comprehensive analysis of the global Soju landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Soju portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Soju market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Soju and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Soju.
The global Soju market size is projected to grow from US$ 3102.7 million in 2022 to US$ 3659.5 million in 2029; it is expected to grow at a CAGR of 3659.5 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Soju market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- Distilled Soju
- Diluted Soju
Segmentation by application
- Below 20 Years Old
- 20-40 Years Old
- 40-60 Years Old
- Above 60 Years Old
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- HiteJinro
- Lotte Liquor
- Muhak
- Kumbokju
- C1 Soju
- bohae
- Chungbuk
- Hallasan
- Mackiss
- Andong
Key Questions Addressed in this Report
What is the 10-year outlook for the global Soju market?
What factors are driving Soju market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Soju market opportunities vary by end market size?
How does Soju break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?