Sake Market Size, Share, Growth Opportunities, 2026
Market Size:
The global sake market is likely to derive growth form the increasing number of export activities for the product across the world. According to a report published by Fortune Business Insights, titled “Sake Market Size, Share & Industry Analysis, By Type (Ordinary Sake, Junmai, Honjozo, Junmai Ginjo, Ginjo, and Junmai Daiginjo), Age Group (20-40 Years Old, 40-60 Years Old, and Above 60 Years Old), and Regional Forecast, 2019 – 2026,”
the USD 7.35 Billion in 2018 and is projected to reach USD 10.47 Billion by 2026, exhibiting a CAGR of 4.84% in the forecast period.
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Sake is a Japanese alcoholic beverage that is developed through fermentation of rice for a long time. The starches in the drink are firstly converted into a sugar, which later turns into alcohol. The drink contains a moderate percentage of alcohol and is consumed mostly for relaxation and other purposes. The global demand for sake is increasing by the years. The popularity gained by this drink has resulted from a variety of factors such as the taste, product variations, and content of the beverage. The product which was already popularity in Japan, is witnessing a huge demand from around the world. The demand for sake and excellent trading activities associated with beverages across the world, will contribute to a high adoption of the product in the coming years.
The report provides a detailed analysis of the global sake market. It includes insights into the latest industry trends and products that are currently witnessing the highest adoption. Several varieties of products are studied closely and the product that have witnessed the highest demand has been labelled on a regional basis. In addition to the leading product types, the report segments the global sake market based on age group and regional demographics.
Some of the leading companies that are operating in the global sake market are:
- Takara Holdings Inc.
- Ozeki Sake
- Asahishuzo CO., Ltd.
- Tatsuuma-Honke Brewing Co. Ltd.
- Gekkeikan Sake Co., Ltd
- Hakutsuru Sake Brewing Co., Ltd.
- Sun Masamune Pty Limited
- KANPAI London Craft Sake
- Blue Current Brewery
- Aramasa Shuzo Co.
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The Booming Sake Market: Opportunities Galore
In recent years, the global Sake market has experienced remarkable growth, driven by increasing consumer interest in unique and premium alcoholic beverages. With a rising demand for authentic and high-quality Sake, there has been a surge in Sake breweries and exports, presenting lucrative opportunities for businesses looking to venture into the Sake industry.
Embracing the Sake Culture
Beyond its exquisite taste and versatility, Sake also holds cultural significance in Japan. It is often enjoyed during special occasions and ceremonies, symbolizing unity and celebration. By delving into the world of Sake, enthusiasts can not only savor its flavors but also immerse themselves in Japanese traditions
North America is Set to Witness a High Growth Rate
Although sake is manufactured in Japan, the popularity of the drink has gown down in recent years. Resulting from the decreasing adoption, Asia Pacific will witness a declining trend in the sake growth rate. The export of sake to several countries across North America will contribute to the demand for the product in this region. Additionally, informative programs aimed at marketing the product in the US will constitute to an increase in the sake market size in North America. Fortune Business Insights states that the sake market in U.S. was valued at USD 495.49 Million in 2018. The increasing demand and popularity for sake will lead to an increase in the North America sake market value in the coming years.
Increasing Sake Exports Will Influence Sake Market Growth
The global demand for sake is expected to drive the growth of the sake market in the coming years. As the sake market declines in the Asia Pacific region, companies there are focusing on promoting sake in other parts of the world. In countries across Asia, Europe, and North America, where Japanese cuisine is popular and dining out at Japanese restaurants is common, there are significant opportunities for the sake market to expand. Promotional events and activities have also helped boost the market’s growth. Due to the high demand, there has been an increase in the export of sake to many countries.
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