North America Soju Market
North America Soju Market Size And Forecast
According to Verified Market Research, North America Soju Market was valued at USD 207.38 Million in 2018 and is projected to reach USD 361.10 Million by 2026, growing at a CAGR of 7.32% from 2019 to 2026.
North America Soju Market Outlook
In recent times, the popularity of alcoholic beverages is growing owing to increased accessibility and affordable cost. The drinking culture in the United States is an important part of life. Alcohol consumption has been widely accepted in the United States not daily but on weekends, holidays, big sports games and other special occasions. With the rise of Korean food, the popularity of Soju is expected to bloom in the United States. Soju is adapted with different flavorings in this country. The growing popularity of Soju drinks is anticipated to boost the growth of the market.
North America Soju Market, Segment Analysis
The North America Soju Market is segmented on the basis of Type, Application, and Geography.
North America Soju Market, Competitive Landscape
The North America Soju market is highly fragmented with the presence of a large number of manufacturers. Some of the major players include HITEJINRO CO. LTD., Tokki Soju, Chungbuk Soju Co. Ltd, Yobo soju, Daesun Distilling Co. Ltd, Lotte Liquor, Kumbokju Co., Ltd., West 32 soju. HiteJinro Co. Ltd.is one of the top five players for the North America Soju market.
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