Press release
Sake Market Expansion: The Interplay of CAGR Growth, Enriched Consumer Preference, and Emerging Trends
Sake Market Size
What Is The Projected Market Size Of The Global Sake Market And Its Growth Rate?
• The sake market has seen notable growth recently. It is anticipated to escalate from $9.76 billion in 2024 to $10.26 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. This growth during the historic period can be explained by strong economic growth in emerging markets, the expansion of online sales platforms, and increasing consumer preference for beverages.
• The further growth of the sake market is predicted, with net worth climbing to $12.69 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. This 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.
What Is Driving The Growth In The Sake Market?
The growth of the sake market is being propelled by the increased consumption of alcohol. Alcohol is a clear, evaporative liquid created by fermenting sugars and is commonly used as a recreational drink. Increased alcohol consumption can be attributed to influences such as societal norms, advertising techniques, and shifts in lifestyle. The rise in alcohol consumption is benefiting the sake market as it boosts interest in traditional Japanese rice wine among local and global buyers. For instance, in March 2023, the average alcohol consumption for individuals over the age of 15 reached 10.2 liters of pure alcohol per capita, marking a 7.6% increase compared to 2021, according to the National Drugs Library, an Ireland-based data collection organization. Thus, the increased alcohol consumption is stimulating the growth of the sake market.
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Who Are the Key Players Driving Sake Market Growth?
The key industry players in the sake market include:
• 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,
• and others.
What Are The Key Trends In The Sake Market?
Emerging trends in the market include:
• The development of innovative products to meet the growing demand for sustainable products and reduce their environmental impact.
• Focus on investments to increase production capacity and retain their market positioning.
• Emphasis on advanced technologies to deliver reliable products to their customers and strengthen their market position.
• Launching of sake brewing projects targeting the sake industry.
What Are The Segments Of The Global Sake Market?
The global sake market is categorized by:
1) Type: Ordinary sake, Junmai, Honjozo, Junmai Ginjo, Ginjo, Junmai Daiginjo
2) Age Group: 20-40 Years Old, 40-60 Years Old, Above 60 Years Old
3) Range: Premium, Medium, Low
4) Application: Commercial Use, Home Use
Which Region Leads The Sake Market?
North America was the largest region in the sake market in 2024. The regional coverage in the sake market report includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Sake Market Global Market Report?
- Market Size Analysis: Analyze the Sake Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sake Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sake Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sake Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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