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Sake Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
Sake
The Business Research Company's Sake Global Market Report 2023 identifies high demand as the major driver for the Sake market's growth in the forecast period. 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.
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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Major competitors in the Sake market Aramasa Co. Ltd., Asahishuzo Co. Ltd., Blue Current Brewery, Gekkeikan Sake Co. Ltd., Hakutsuru Sake Brewing Co. Ltd.
A key trend in the Sake market includes Product innovations. Major companies in the sake market are focused on developing innovative products to strengthen their market position in the market. For instance, in December 2022, Fukuju Brewery, a Japan-based sake producer, launched Fukuju Junmai EcoZero, the world's first carbon-neutral sake with net zero emissions. The emissions are minimized by decreasing the rice polishing ratio from 70% to 80%, which thereby decreases the energy consumption during the milling process, and uses Kyokai dried yeast to shorten the brewing process by seven days.
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The Sake market is segmented -
• 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.
The Business Research Company's "Global Sake Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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