Soju Market

The global Soju market was valued at 3005.03 Million USD in 2021 and will grow with a CAGR of 2.32% from 2021 to 2027, based on Research newly published report.

The prime objective of Soju Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Soju Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.There are two kinds of Soju that one is distilled and the other is diluted. Korean Soju has been manufacturing by diluted way which is different from that of Whisky or Brandy. Usually, Soju has 25% proof of alcohol whereas under 20% proof-soju has become more and more famous.

By Market Verdors:

• HiteJinro
• Lotte Liquor
• Muhak
• Kumbokju
• C1 Soju
• bohae
• Chungbuk
• Hallasan
• Mackiss
• Andong

By Types:

• Distilled Soju
• Diluted Soju

By Applications:

• Below 20 Years Old
• 20-40 Years Old
• 40-60 Years Old
• Above 60 Years Old

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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