Pro
Food & Beverage
Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 3.2271417709419357 USD Million |
| 2019 | 7.282286850651396 USD Million |
| 2020 | 14.819723934007625 USD Million |
| 2021 | 22.07747148932671 USD Million |
| 2022 | 60.78008985868017 USD Million |
| 2023 | 124.91753627640604 USD Million |
| 2024 | 148.26475577570855 USD Million |
| 2025 | 178.12460403416478 USD Million |
| 2026 | 216.90272048437987 USD Million |
| 2027 | 267.9290231004396 USD Million |
| 2028 | 336.5303028317 USD Million |
| 2029 | 428.1493024950519 USD Million |
| 2030 | 548.5327983396592 USD Million |
| 2031 | 709.9419293007236 USD Million |
| 2032 | 930.3495677411388 USD Million |
Data Source: Wantstats Repository
Market Dynamics
South Korea is a highly developed economy with a population of more than 52 million. South Korea is also one of the world's largest markets for alcoholic beverages, and in particular, hard seltzer. As consumers there appreciate the refreshing taste and lighter alcohol content of the drink, demand for hard seltzer increased significantly in 2018.Consumer tastes and preferences are changing in South Korea, and consumers are favoring alcoholic drinks with lower alcohol content and fewer calories. In addition to this, convenience stores and supermarkets have substantially increased their sales of alcoholic beverages as more consumers opt to avoid the traditional bars and clubs. This has further contributed to the increase in demand for hard seltzer in South Korea.The popularity of hard seltzer in South Korea has also been influenced by the emergence of craft beer and craft cider brewers in the country, as these drinks have become trendier alternatives to the mass-produced beers and ciders. These products have seen significant growth, and craft brewers are now increasingly producing their own flavored seltzers.
With health and wellness playing an increasingly important role in consumer decision making, demand for low calorie alcoholic drinks such as hard seltzers will likely continue to grow in South Korea. This suggests that the outlook for the South Korean hard seltzer market is positive in the coming years.Furthermore, the upcoming 2022 FIFA World Cup (to be hosted by neighboring Japan) is expected to boost tourism to South Korea, potentially increasing demand for hard seltzer and other alcoholic drinks within the country.The outlook for the South Korean hard seltzer market is positive and given the current trends, demand for hard seltzer is likely to continue to grow over the next few years. Companies in the hard seltzer sector should leverage new opportunities to expand their sales and market share in South Korea.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.