Makgeolli Market To Capture A CAGR Of 7.27 %, To Hit USD 979.57 Million By 2032 | IMR

Makgeolli is thought to origina from Ancient Korea and is one of the oldest alcoholic liquids crafted from rice. This drink is made with the aid of fermenting rice, water and nuruk. It seems to be barely opaque because of a milky substance and it is tangy and certainly fermented. Makgeolli is made with steamed rice that its starches are damaged down, adding water and nuruk, then left for fermentation. When the coaching is fermented, the particles of rice are filtered out, so one can obtain a liquid which can be drank.

In conclusion, it is possible to state that makgeolli consumption is within the upward trend caused by the changes in culture, demographic policy, and new makgeolli types, as well as, tendency towards healthy spirits and non-traditional products.

Key Players Covered in the Makgeolli Market are:

• HANA MAKGEOLLI (U.S.)
• BHD CO.,LTD (South Korea)
• KOOKSOONDANG BREWERY CO.LTD. (South Korea)
• Kumbokju Co. Ltd (South Korea)
• HITEJINRO CO.,LTD. (South Korea)
• Jeju Brewing Company (South Korea)
• Jinro (South Korea)
• Baesangmyun Brewery Co. (South Korea)
• LOTTE CHILSUNG BEVERAGE CO.,LTD. (South Korea)
• Sool (South Korea)
• Other Key Players

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Makgeolli Market Trend Analysis

The clients’ demand for more relaxing and herbal tastes, or alternatively non-mainstream alcoholic beverages have additionally benefited the makgeolli, a type of conventional Korea’s rice wine or wine-like beverage, regionally and across the world. This growing hobby can be attributed to the growing continued way of life of healthy consumption which has visible clients shift to what they deem healthy from traditional alcoholic liquids.

Despite from the contemporary market length, makgeolli gives a dynamic innovation within the flavors and packaging controls to fit younger drinkers. Producers continue to curl in almost each which manner they could on the subject of the flavor of soju via the addition of end result, herbs, and spices into the concoction of this Korean rice wine in its most basic form.

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Segmentation of The Makgeolli Market: 

By Product Type              

• Traditional
• Premium
• Flavoured
• Organic

By Distribution Channel              

• Online
• Offline

By Type

• Sake Wine
• Makgeolli Wine
• Others

 By Region         

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in the Makgeolli Market:

In May 2023, Jipyeong Brewery established a Korean rice beer factory in Seoul, featuring automated brewing facilities. The facility spans 9,900 square meters and is designed to produce sterilized makgeolli. The brewery aims to target international markets, including the U.S., Europe, and Southeast Asia.

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