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Rice based drinks in Asian countries: The global market is expected to grow at a CAGR of 6.2% during the forecasted period.

07-19-2023 09:20 AM CET | Health & Medicine

Press release from: Evolve Business Intelligence

Rice based drinks in Asian countries: The global market

As per the study initiated by Evolve Business Intelligence, the global Rice based drinks in Asian countries market size accounted for USD 195.5 Billion in 2022, growing at a CAGR of 6.2% from 2023 to 2033. Rice-based drinks are popular in various Asian countries and are often enjoyed as refreshing beverages or used as traditional remedies. Sake is a famous Japanese rice wine made through the fermentation of polished rice. It is an integral part of Japanese culture and often consumed during special occasions and celebrations.
Rice wine, also known as mijiu or huangjiu, is a traditional Chinese alcoholic beverage made from fermented glutinous rice. It is widely consumed in Chinese cuisine and plays a significant role in festive celebrations and culinary traditions.
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Key Highlights:
• The global Rice based drinks in Asian countries size was valued at USD 195.5billion in 2022 growing at a CAGR of 6.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Rice based drinks in Asian countries. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Rice based drinks in Asian countries report also includes the following data points:
• COVID19 Impact on Rice based drinks in Asian countries size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Rice based drinks in Asian countries
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Key Players
Some of the major Rice based drinks in Asian countries players holding high market share include Hakkaisan, Ozeki Sake USA in, Blue current Brewery and Sun Masamune Pty Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
o Kuaijishan Shaoxing rice wine company
o Takara holding inc
o Zhejiang pagoda brand shaoxing rice wine co
o Zhejiang jiashan yellow rice wine
o Hakkaisan
o Ozeki Sake USA in
o Blue current Brewery
o Sun Masamune Pty Ltd
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Rice based drinks in Asian countries:
• Sake wine
• Huangjiu wine
• Makgeoli wine
Market Segment By Sales Channel with focus on market share, consumption trend, and growth rate of Rice based drinks in Asian countries:
• Supermarket
• Specialty stores
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Global Rice based drinks in Asian countries Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

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