The Korean fermented beverage market is growing steadily,
and is expected to grow from USD 7.914 billion in 2021 to USD 1.514 billion in 2028. The
fermented beverage market is expected to grow steadily due to increased alcohol use by millennials
and Generation Z, health and wellness trends, and increased interest in probiotics.
As interest in health and wellness increases, the functional beverage market is also growing. Various
functional beverages such as kombucha and mental care drinks are being launched, which is
helping the growth of the fermented beverage market. The global fermented beverage market is
expected to grow at a CAGR of 5.90% from 2022 to 2029, reaching USD 5.68 billion in 2029,
according to an analysis and evaluation by Data Bridge Market Research.
It is difficult to clearly determine the share of fermented beverages in the overall beverage market,
but the fermented beverage market is growing along with recent health and wellness trends.
The size of the Korean beverage market is KRW 10.321 trillion, growing at an average annual rate
of 5.1% since 2018, and among them, fermented beverages are expected to grow from USD 7.914
billion in 2021 to USD 1.514 billion in 2028. The fermented beverage market is expected to show a
compound annual growth rate of 9.79%.
The growth factors of the fermented beverage market include the wellness trend and the launch of
various products (drinking fermented milk, coffee milk beverages, various fruit juice drinks, etc.) as
interest in health increases and people tend to prefer probiotic beverages over carbonated
beverages or artificial beverages.
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