Makgeolli Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Flavor (Flavored, Unflavored), By Distribution Channel (On-trade, Off-trade), By Region & Competition, 2019-2029F

Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 521.27 Million

CAGR (2024-2029)

6.07%

Fastest Growing Segment

Flavored

Largest Market

Asia Pacific

Market Size (2029)

USD 802.71 Million

Market Overview

The global Makgeolli Market was valued at USD 521.27 Million in 2023 and is expected to reach USD 802.71 Million by 2029 with a CAGR of 6.07% during the forecast period. The growing global fascination with Korean cuisine and culture, commonly referred to as the "Korean Wave" or "Hallyu," has been instrumental in transforming makgeolli from a local favorite into an international sensation. Its rich heritage, combined with contemporary production techniques and innovative packaging, attracts a wide audience eager for authentic yet unique drinking experiences. Additionally, the increasing demand for premium and artisanal beverages is a notable market trend. Consumers are becoming more inclined to seek high-quality, craft-made alcoholic drinks, prompting makgeolli producers to highlight traditional brewing methods while also experimenting with various flavors and ingredients.

Market Drivers

Rising Health Consciousness

The increasing awareness of health and wellness among consumers is a significant driver of the Makgeolli market. As more people seek nutritious alternatives to traditional alcoholic beverages, Makgeolli, with its probiotic properties and natural ingredients, has gained popularity. This traditional Korean rice wine is rich in vitamins, minerals, and beneficial bacteria, making it an appealing choice for health-conscious consumers. Studies suggest that probiotics can improve gut health and enhance digestion, which resonates with the growing trend towards functional foods. Additionally, Makgeolli is often lower in alcohol content compared to many Western spirits, attracting those looking for lighter drinking options. As a result, brands are capitalizing on this health trend by emphasizing the beverage’s natural ingredients and health benefits in their marketing strategies, further driving demand.

Innovation in Flavors and Products

Innovation is a key driver in the Makgeolli market, as brands experiment with new flavors and product offerings to attract a broader audience. Traditional Makgeolli has a unique taste profile, but manufacturers are increasingly creating flavored variations, such as fruit-infused options, to cater to diverse consumer preferences. These innovations help to modernize the beverage, making it more appealing to younger consumers who may be unfamiliar with its traditional form. Additionally, the introduction of craft Makgeolli brands emphasizes artisanal production methods and small-batch brewing, which resonate with the growing consumer demand for authenticity and quality. This trend not only enhances the beverage’s profile but also encourages experimentation and exploration among consumers. Moreover, brands are developing ready-to-drink (RTD) options and low-alcohol varieties, making Makgeolli more accessible for various occasions. By continually innovating and diversifying product offerings, the Makgeolli market is expanding its reach and solidifying its place in the global beverage landscape. 


Download Free Sample Report

Key Market Challenges

Regulatory Hurdles

One of the major challenges facing the Makgeolli market is navigating the complex regulatory environment surrounding alcoholic beverages. Different countries have varying laws regarding the production, distribution, and sale of alcohol, which can create significant barriers for Makgeolli manufacturers looking to expand internationally. For example, some regions impose strict labeling requirements, ingredient restrictions, and age verification processes that can complicate market entry. In addition, regulatory approval processes can be time-consuming and costly, particularly for smaller craft producers who may lack the resources to navigate these challenges effectively. These hurdles can delay product launches and limit the ability of brands to reach potential consumers. Moreover, as Makgeolli gains popularity outside Asia, it faces scrutiny from regulators concerned about alcohol content and health claims. Ensuring compliance with all regulations while maintaining product quality can be a daunting task, potentially hindering growth and market penetration.

Limited Consumer Awareness

Limited consumer awareness is another significant challenge for the Makgeolli market, particularly outside of Asia. Despite its rich history and cultural significance, many consumers are unfamiliar with Makgeolli and its unique flavor profile. This lack of knowledge can hinder its acceptance in Western markets, where consumers may prefer more familiar alcoholic beverages. Even among those who are aware of Makgeolli, misconceptions about its taste and suitability can prevent trial and adoption. To overcome this challenge, brands must invest in educational marketing campaigns that highlight Makgeolli's benefits, such as its probiotic content and versatility in cocktails. Engaging consumers through tastings, social media, and collaborations with restaurants can also help raise awareness. However, these initiatives require time and resources, which may pose a challenge for smaller brands. Without effective strategies to educate consumers and create interest, Makgeolli may struggle to gain a foothold in competitive global markets.

Key Market Trends

Globalization and Cultural Exchange

The globalization of food and beverage trends has significantly influenced the Makgeolli market, facilitating cultural exchange and increasing its appeal to international consumers. As interest in Asian cuisine and culture grows, Makgeolli has emerged as a trendy option in various global markets. This trend is fueled by the popularity of Korean entertainment, including K-dramas and K-pop, which have introduced audiences worldwide to Korean traditions, including its unique culinary offerings. Restaurants and bars in Western countries are increasingly incorporating Makgeolli into their menus, allowing consumers to experience this traditional beverage firsthand. Additionally, social media platforms play a crucial role in promoting Makgeolli, with influencers showcasing it in creative ways and driving interest among their followers. As Makgeolli becomes more widely recognized, brands are expanding their distribution channels, making it accessible in liquor stores and online platforms. This globalization trend not only enhances the visibility of Makgeolli but also fosters appreciation for its rich cultural heritage, paving the way for sustained growth in the global market.

Health and Wellness Focus

The health and wellness trend significantly impacts the Makgeolli market, as consumers become more conscious of their dietary choices. Known for its probiotic content, Makgeolli is increasingly positioned as a functional beverage that offers health benefits, such as improved digestion and enhanced gut health. This aligns with the growing consumer preference for products that provide nutritional advantages alongside enjoyment. Brands are capitalizing on this trend by highlighting the natural, organic ingredients used in their Makgeolli and emphasizing its health benefits in marketing campaigns. Additionally, some producers are formulating low-alcohol and gluten-free versions to cater to health-conscious individuals with specific dietary restrictions. This focus on wellness resonates with younger consumers who prioritize health in their lifestyle choices, making Makgeolli an appealing option for those seeking flavorful yet nutritious alcoholic beverages. As the demand for health-oriented products continues to rise, the Makgeolli market is likely to expand, attracting a broader consumer base interested in traditional beverages with a modern, health-conscious twist.

Segmental Insights

Flavor Insights

In 2023, the flavored segment accounted for the largest market revenue. As consumers increasingly seek unique and diverse beverage options, flavored makgeolli presents an attractive alternative to traditional alcoholic drinks. The introduction of a wide range of flavors ranging from fruity options like peach, strawberry, and apple to more exotic combinations featuring herbs and spices has significantly expanded the drink's appeal. This innovation resonates with younger consumers in search of trendy, novel beverages, while also appealing to older generations who appreciate the enhanced taste while preserving the traditional essence of makgeolli. Additionally, the versatility of flavored makgeolli makes it suitable for various occasions, from casual gatherings to elegant dining experiences, further boosting its popularity and market share.


Download Free Sample Report

Regional Insights

In 2023, the Asia-Pacific segment emerged as the largest market share holder in the global Makgeolli market, reflecting the beverage's deep cultural roots and growing consumer interest in traditional drinks. South Korea, the birthplace of Makgeolli, remains the primary driver of this trend, where the beverage is not only a staple in dining but also gaining popularity among younger generations. The revival of interest in traditional Korean culture, spurred by the global phenomenon of K-pop and K-dramas, has significantly increased demand for authentic experiences, making Makgeolli a trendy choice. Moreover, the region benefits from a robust distribution network, with both online and offline channels facilitating easy access to consumers. Many bars and restaurants are incorporating Makgeolli into their menus, offering it in various forms, including flavored variations and innovative cocktails, which enhances its appeal. The rise of health consciousness among consumers also plays a role, as Makgeolli is recognized for its probiotic benefits and lower alcohol content compared to other alcoholic beverages. This combination of cultural relevance, innovative product offerings, and health-oriented marketing positions the Asia-Pacific region as a key player in the expanding Makgeolli market, driving growth and establishing a strong foundation for future development.

Recent Developments

  • Skin Gourmet presented its cutting-edge products at the Cocoa Food Fair 2024, emphasizing cocoa's diverse Speciess in beauty and wellness. The event, part of the Netherlands Embassy in Ghana's annual Orange Week, honored Ghana's cocoa industry and featured a range of contributions from both local and international participants.

Key Market Players

  • Hana Makgeolli LLC
  • KOOKSOONDANG BREWERY CO.LTD.
  • Lee Bros Winery Inc (VANMAK)
  • Hite Jinro Co., Ltd.
  • Kim Seng Company
  • Seoul Jangsoo Co, Ltd.
  • Seek Sophie Private Limited
  • Kumbokju Co.,Ltd.
  • Baesangmyun Brewery Co.
  • BHD CO., LTD 

By Flavor

By Distribution Channel

By Region
  • Flavored
  • Unflavored
  • On-trade
  • Off-trade
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the global Makgeolli Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Makgeolli Market, By Flavor:

o   Flavored

o   Unflavored         

  • Makgeolli Market, By Distribution Channel:

o   On-trade

o   Off-trade

  • Makgeolli Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the global Makgeolli Market.

Available Customizations:

Global Makgeolli Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Makgeolli Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Sources of Information

5.    Global Makgeolli Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast  

5.2.1.    By Flavor Market Share Analysis (Flavored, Unflavored)

5.2.2.    By Distribution Channel Market Share Analysis (On-trade, Off-trade)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North America Market Share Analysis

5.2.3.2.        Europe Market Share Analysis

5.2.3.3.        Asia-Pacific Market Share Analysis

5.2.3.4.        Middle East & Africa Market Share Analysis

5.2.3.5.        South America Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Makgeolli Market Mapping & Opportunity Assessment

5.3.1.    By Flavor Market Mapping & Opportunity Assessment

5.3.2.    By Distribution Channel Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    North America Makgeolli Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Flavor Market Share Analysis

6.2.2.    By Distribution Channel Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        United States Makgeolli Market Outlook

6.2.3.1.1.           Market Size & Forecast

6.2.3.1.1.1.               By Value

6.2.3.1.2.           Market Share & Forecast

6.2.3.1.2.1.               By Flavor Market Share Analysis

6.2.3.1.2.2.               By Distribution Channel Market Share Analysis

6.2.3.2.        Canada Makgeolli Market Outlook

6.2.3.2.1.           Market Size & Forecast

6.2.3.2.1.1.               By Value

6.2.3.2.2.           Market Share & Forecast

6.2.3.2.2.1.               By Flavor Market Share Analysis

6.2.3.2.2.2.               By Distribution Channel Market Share Analysis

6.2.3.3.        Mexico Makgeolli Market Outlook

6.2.3.3.1.           Market Size & Forecast

6.2.3.3.1.1.               By Value

6.2.3.3.2.           Market Share & Forecast

6.2.3.3.2.1.               By Flavor Market Share Analysis

6.2.3.3.2.2.               By Distribution Channel Market Share Analysis

7.    Europe Makgeolli Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Flavor Market Share Analysis

7.2.2.    By Distribution Channel Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        France Makgeolli Market Outlook

7.2.3.1.1.           Market Size & Forecast

7.2.3.1.1.1.               By Value

7.2.3.1.2.           Market Share & Forecast

7.2.3.1.2.1.               By Flavor Market Share Analysis

7.2.3.1.2.2.               By Distribution Channel Market Share Analysis

7.2.3.2.        Germany Makgeolli Market Outlook

7.2.3.2.1.           Market Size & Forecast

7.2.3.2.1.1.               By Value

7.2.3.2.2.           Market Share & Forecast

7.2.3.2.2.1.               By Flavor Market Share Analysis

7.2.3.2.2.2.               By Distribution Channel Market Share Analysis

7.2.3.3.        Spain Makgeolli Market Outlook

7.2.3.3.1.           Market Size & Forecast

7.2.3.3.1.1.               By Value

7.2.3.3.2.           Market Share & Forecast

7.2.3.3.2.1.               By Flavor Market Share Analysis

7.2.3.3.2.2.               By Distribution Channel Market Share Analysis

7.2.3.4.        Italy Makgeolli Market Outlook

7.2.3.4.1.           Market Size & Forecast

7.2.3.4.1.1.               By Value

7.2.3.4.2.           Market Share & Forecast

7.2.3.4.2.1.               By Flavor Market Share Analysis

7.2.3.4.2.2.               By Distribution Channel Market Share Analysis

7.2.3.5.        United Kingdom Makgeolli Market Outlook

7.2.3.5.1.           Market Size & Forecast

7.2.3.5.1.1.               By Value

7.2.3.5.2.           Market Share & Forecast

7.2.3.5.2.1.               By Flavor Market Share Analysis

7.2.3.5.2.2.               By Distribution Channel Market Share Analysis

8.    Asia-Pacific Makgeolli Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Flavor Market Share Analysis

8.2.2.    By Distribution Channel Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        China Makgeolli Market Outlook

8.2.3.1.1.           Market Size & Forecast

8.2.3.1.1.1.               By Value

8.2.3.1.2.           Market Share & Forecast

8.2.3.1.2.1.               By Flavor Market Share Analysis

8.2.3.1.2.2.               By Distribution Channel Market Share Analysis

8.2.3.2.        Japan Makgeolli Market Outlook

8.2.3.2.1.           Market Size & Forecast

8.2.3.2.1.1.               By Value

8.2.3.2.2.           Market Share & Forecast

8.2.3.2.2.1.               By Flavor Market Share Analysis

8.2.3.2.2.2.               By Distribution Channel Market Share Analysis

8.2.3.3.        India Makgeolli Market Outlook

8.2.3.3.1.           Market Size & Forecast

8.2.3.3.1.1.               By Value

8.2.3.3.2.           Market Share & Forecast

8.2.3.3.2.1.               By Flavor Market Share Analysis

8.2.3.3.2.2.               By Distribution Channel Market Share Analysis

8.2.3.4.        Vietnam Makgeolli Market Outlook

8.2.3.4.1.           Market Size & Forecast

8.2.3.4.1.1.               By Value

8.2.3.4.2.           Market Share & Forecast

8.2.3.4.2.1.               By Flavor Market Share Analysis

8.2.3.4.2.2.               By Distribution Channel Market Share Analysis

8.2.3.5.        South Korea Makgeolli Market Outlook

8.2.3.5.1.           Market Size & Forecast

8.2.3.5.1.1.               By Value

8.2.3.5.2.           Market Share & Forecast

8.2.3.5.2.1.               By Flavor Market Share Analysis

8.2.3.5.2.2.               By Distribution Channel Market Share Analysis

9.    Middle East & Africa Makgeolli Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Flavor Market Share Analysis

9.2.2.    By Distribution Channel Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        South Africa Makgeolli Market Outlook

9.2.3.1.1.           Market Size & Forecast

9.2.3.1.1.1.               By Value

9.2.3.1.2.           Market Share & Forecast

9.2.3.1.2.1.               By Flavor Market Share Analysis

9.2.3.1.2.2.               By Distribution Channel Market Share Analysis

9.2.3.2.        Saudi Arabia Makgeolli Market Outlook

9.2.3.2.1.           Market Size & Forecast

9.2.3.2.1.1.               By Value

9.2.3.2.2.           Market Share & Forecast

9.2.3.2.2.1.               By Flavor Market Share Analysis

9.2.3.2.2.2.               By Distribution Channel Market Share Analysis

9.2.3.3.        UAE Makgeolli Market Outlook

9.2.3.3.1.           Market Size & Forecast

9.2.3.3.1.1.               By Value

9.2.3.3.2.           Market Share & Forecast

9.2.3.3.2.1.               By Flavor Market Share Analysis

9.2.3.3.2.2.               By Distribution Channel Market Share Analysis

9.2.3.4.        Turkey Makgeolli Market Outlook

9.2.3.4.1.           Market Size & Forecast

9.2.3.4.1.1.               By Value

9.2.3.4.2.           Market Share & Forecast

9.2.3.4.2.1.               By Flavor Market Share Analysis

9.2.3.4.2.2.               By Distribution Channel Market Share Analysis

9.2.3.5.        Kuwait Makgeolli Market Outlook

9.2.3.5.1.           Market Size & Forecast

9.2.3.5.1.1.               By Value

9.2.3.5.2.           Market Share & Forecast

9.2.3.5.2.1.               By Flavor Market Share Analysis

9.2.3.5.2.2.               By Distribution Channel Market Share Analysis

9.2.3.6.        Egypt Makgeolli Market Outlook

9.2.3.6.1.           Market Size & Forecast

9.2.3.6.1.1.               By Value

9.2.3.6.2.           Market Share & Forecast

9.2.3.6.2.1.               By Flavor Market Share Analysis

9.2.3.6.2.2.               By Distribution Channel Market Share Analysis

10. South America Makgeolli Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Flavor Market Share Analysis

10.2.2. By Distribution Channel Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     Brazil Makgeolli Market Outlook

10.2.3.1.1.         Market Size & Forecast

10.2.3.1.1.1.            By Value

10.2.3.1.2.         Market Share & Forecast

10.2.3.1.2.1.            By Flavor Market Share Analysis

10.2.3.1.2.2.            By Distribution Channel Market Share Analysis

10.2.3.2.     Argentina Makgeolli Market Outlook

10.2.3.2.1.         Market Size & Forecast

10.2.3.2.1.1.            By Value

10.2.3.2.2.         Market Share & Forecast

10.2.3.2.2.1.            By Flavor Market Share Analysis

10.2.3.2.2.2.            By Distribution Channel Market Share Analysis

10.2.3.3.     Colombia Makgeolli Market Outlook

10.2.3.3.1.         Market Size & Forecast

10.2.3.3.1.1.            By Value

10.2.3.3.2.         Market Share & Forecast

10.2.3.3.2.1.            By Flavor Market Share Analysis

10.2.3.3.2.2.            By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on Global Makgeolli Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Hana Makgeolli LLC

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. . KOOKSOONDANG BREWERY CO.LTD.

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Lee Bros Winery Inc (VANMAK)

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Hite Jinro Co., Ltd.

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Kim Seng Company

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Seoul Jangsoo Co, Ltd.

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Seek Sophie Private Limited

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Kumbokju Co.,Ltd.

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9.   Baesangmyun Brewery Co.

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              BHD CO., LTD

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target Distribution Channel

15.3.             Target Flavor

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the global Makgeolli Market was estimated to be USD 521.27 Million in 2023.

down-arrow

Major drivers for the global Makgeolli Market include rising health consciousness, increasing demand for traditional and craft beverages, growing interest in Asian culture, and expanding availability in international markets.

down-arrow

Major trends in the global Makgeolli Market include innovative flavor variations, the rise of craft and artisanal brands, increased online sales channels, and growing interest in health-oriented and organic options.

down-arrow

Major challenges for the global Makgeolli Market include regulatory hurdles, competition from established alcoholic beverages, limited consumer awareness outside Asia, and difficulties in distribution and shelf stability.

Related Reports

profile

Parvati Sharma

Account Manager BD
Press Release

Makgeolli Market to Grow with a CAGR of 6.07% through 2029

Nov, 2024

The Makgeolli Market is driven by rising consumer interest in traditional beverages, growing health consciousness due to its probiotic benefits, increasing popularity in bars and restaurants, and exp

Why Choose Us