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Sake Market Share and Size, Growth Opportunity, Competition, Trends Analysis and Future Scope 2023-2032 | Aramasa Co. Ltd., Asahishuzo Co. Ltd., Blue Current Brewery, Gekkeikan Sake Co. Ltd., Hakutsuru Sake Brewing Co. Ltd.
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Sake Market Size, Growth Rate, And Forecast
The global sake market size is expected to grow from $8.81 billion in 2022 to $9.26 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sake market is expected to reach $11.13 billion in 2027 at a CAGR of 4.7%.
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Sake Market Drivers
High demand for the sake from several countries is expected to propel the growth of the sake market going forward. Sake refers to the Japanese alcohol brewed from different polished rice. In recent times, Japan's local drink has gained interest from various countries such as the USA, due to various factors such as increased awareness of sake's health benefits, which include stimulating blood alcohol metabolism, subduing blood pressure, and reducing cholesterol and blood triglycerides.
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Sake Market Segments
• By Type: Junmai, Honjozo, Junmai Ginjo, Ginjo, Junmai Daiginjo
• By Age Group: 20-40 Years Old, 40-60 Years Old, Above 60 Years Old
• By Range: Premium, Medium, Low
• By Application: Commercial Use, Home Use
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the sake market.
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Sake Market Key Players
Major competitors in the sake market include Aramasa Co. Ltd., Asahishuzo Co. Ltd., Blue Current Brewery, Gekkeikan Sake Co. Ltd., Hakutsuru Sake Brewing Co. Ltd., Kanpai London Craft Sake, Ozeki Corporation, Sun Masamune Pty Limited.
The Business Research Company's "Global Sake Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Sake Market Include:
1. Executive Summary
2. Sake Market Characteristics
3. Sake Market Trends And Strategies
4. Sake Market - Macro Economic Scenario
5. Sake Market Size And Growth
…………………
26. Africa Sake Market
27. Sake Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sake Market
29. Sake Market Future Outlook and Potential Analysis
30. Appendix
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