Press release
Sake Market Key Players, Market Analysis, Share, Top Trends And Forecast To 2033
Sake Market Analysis
The Business Research Company presents an extensive market research report on the Sake Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The sake market size has grown strongly in recent years. It will grow from $9.28 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, expansion of online sales platforms and increasing consumer preference for beverages.
The sake market size is expected to see strong growth in the next few years. It will grow to $12.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to changes in health-conscious consumers and lifestyles, growing interest in japanese culture and cuisine and increasing government support. Major trends in the forecast period include evelop innovative products to meet the growing demand for sustainable products and reduce their environmental impact, focus on investments to increase production capacity and to sustain their position in the market, focus on advanced technologies to provide reliable products to their customers and strengthen their position in the market, focus on launching sake brewing projects for the sake industry.
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Key Market Players:
Major companies operating in the sake market report are Gekkeikan Sake Co Ltd, Takara Holdings Inc, Tatsuuma-Honke Brewing Co. Ltd, SakeOne, Ozeki Sake,Asahishuzo CO. Ltd. (Dassai), Homare Sake Brewery Co. Ltd., Hananomai Brewing Co. Ltd., Shiragiku Shuzo Co. Ltd., Blue Current Brewery, Hakkaisan Brewery, Dewazakura Sake Brewery, Tatenokawa, Kokuryu Brewery, Beijing Shipuller Co, Dojima Sake Brewery, Daisekkei Sake Brewing Co.,Ltd, Tosatsuru Sake Brewing Co.,Ltd, Sohomare Sake Brewery Co.,Ltd, HASHIMOTO INDUSTRY Co. Ltd., Azuma Kirin, NØGNE, Les Larmes du Levant, Wakaze Saké, European Drinks S.A, AMBRA Group, Zaklady Tluszczowe Kruszwica,, Setting Sun Sake Brewing Company, Ontario Spring Water Sake Company, Bruce Ashley Group, Artisan SakeMaker, YK3 Sake Producer, Aurora, Ikigai-shu, Shaoxing Rice Wine Dubai, Matsuse Sake Brewery Co, Ltd
Market Drivers:
High demand for 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. For instance, in March 2022, according to the National Tax Agency, a Japan-based tax-collecting organization, in 2021, the export value of sake was around $302 million (JPY 40.2 billion), a rise of 66.4% from the previous year. Furthermore, according to the Japan Sake and Shochu Makers Association, a Japan-based association, the total volume of sake export in the USA was about 9,084 KL (kiloliter), a year-over-year increase of 102.9%, and in China was approximately ($10.89 billion) JPY 14.16 billion (137.8% increase year-over-year). Therefore, the high demand for sake from several countries drives the growth of the sake market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/sake-global-market-report
The sake market covered in this report is segmented -
1) By Type: Ordinary sake, Junmai, Honjozo, Junmai Ginjo, Ginjo, Junmai Daiginjo
2) By Age Group: 20-40 Years Old, 40-60 Years Old, Above 60 Years Old
3) By Range: Premium, Medium, Low
4) By Application: Commercial Use, Home Use
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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