| Product Code: ETC12902351 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The makgeolli import market in Cape Verde saw significant growth with a CAGR of 15.88% from 2020 to 2024, indicating a strong demand for this traditional Korean rice wine. However, the negative growth rate of -55.09% in 2024 suggests a recent decline in imports. Despite this, the market remains highly concentrated, with top exporting countries such as Portugal, France, and the United States continuing to dominate the market. This highlights the importance of understanding consumer preferences and market dynamics to sustain growth in the Cape Verde makgeolli import industry.


1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Makgeolli Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Makgeolli Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Makgeolli Market - Industry Life Cycle |
3.4 Cape Verde Makgeolli Market - Porter's Five Forces |
3.5 Cape Verde Makgeolli Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Makgeolli Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Makgeolli Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Cape Verde Makgeolli Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Cape Verde Makgeolli Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of Korean culture in Cape Verde |
4.2.2 Increasing interest in craft and artisanal beverages |
4.2.3 Rising demand for unique and exotic alcoholic beverages |
4.3 Market Restraints |
4.3.1 Limited awareness about makgeolli in Cape Verde |
4.3.2 High import costs and logistics challenges |
4.3.3 Regulatory barriers related to alcohol importation |
5 Cape Verde Makgeolli Market Trends |
6 Cape Verde Makgeolli Market, By Types |
6.1 Cape Verde Makgeolli Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Makgeolli Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Cape Verde Makgeolli Market Revenues & Volume, By Traditional Makgeolli, 2021 - 2031F |
6.1.4 Cape Verde Makgeolli Market Revenues & Volume, By Flavored Makgeolli, 2021 - 2031F |
6.1.5 Cape Verde Makgeolli Market Revenues & Volume, By Low-Alcohol Makgeolli, 2021 - 2031F |
6.2 Cape Verde Makgeolli Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Makgeolli Market Revenues & Volume, By Alcoholic Beverage, 2021 - 2031F |
6.2.3 Cape Verde Makgeolli Market Revenues & Volume, By Specialty Drinks, 2021 - 2031F |
6.2.4 Cape Verde Makgeolli Market Revenues & Volume, By Health Drinks, 2021 - 2031F |
6.3 Cape Verde Makgeolli Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Makgeolli Market Revenues & Volume, By Restaurants, 2021 - 2031F |
6.3.3 Cape Verde Makgeolli Market Revenues & Volume, By Retail Consumers, 2021 - 2031F |
6.3.4 Cape Verde Makgeolli Market Revenues & Volume, By Bars & Pubs, 2021 - 2031F |
6.4 Cape Verde Makgeolli Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Makgeolli Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.4.3 Cape Verde Makgeolli Market Revenues & Volume, By Online Sales, 2021 - 2031F |
6.4.4 Cape Verde Makgeolli Market Revenues & Volume, By Distributors, 2021 - 2031F |
7 Cape Verde Makgeolli Market Import-Export Trade Statistics |
7.1 Cape Verde Makgeolli Market Export to Major Countries |
7.2 Cape Verde Makgeolli Market Imports from Major Countries |
8 Cape Verde Makgeolli Market Key Performance Indicators |
8.1 Number of Cape Verdean restaurants and bars offering makgeolli |
8.2 Social media engagement and mentions related to makgeolli in Cape Verde |
8.3 Number of makgeolli tasting events or festivals held in Cape Verde |
9 Cape Verde Makgeolli Market - Opportunity Assessment |
9.1 Cape Verde Makgeolli Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Makgeolli Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Makgeolli Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Cape Verde Makgeolli Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Cape Verde Makgeolli Market - Competitive Landscape |
10.1 Cape Verde Makgeolli Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Makgeolli Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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