Industry Background:
Sake wine is produced in breweries in all regions of Japan made by fermenting good quality rice and plum wine is a Japanese liquor made by steeping plum which is also called ume. The sake and plum wine are alcoholic wines ranging in sweet dry scale in flavors and aromas. This wine is said to have some health benefits, sake and plum wine are available with NSA (no sulfite added), kosher, vegan, and natural specialty in the offline and online channel.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SAKURAO Brewery and Distillery Co., Ltd. (Japan), Choya Umeshu Co., Ltd., (Japan), Takara Holdings (Japan), Suntory Group (Japan), Total Wine & More (United States), Umenoyado Brewery (Japan) and Ozeki Sake (Japan) |
This growth is primarily driven by Growing Demand for the Sweet Alcoholic Drinks and Demand for Some Sake Because Some of its Health Benefits.
Globally, a noticeable market trend is evident Introduction of Sake and Plum Wine in Various Packaging Types The Beverages sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as SAKURAO Brewery and Distillery Co., Ltd. (Japan), Choya Umeshu Co., Ltd., (Japan), Takara Holdings (Japan), Suntory Group (Japan), Total Wine & More (United States), Umenoyado Brewery (Japan) and Ozeki Sake (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 1st December 2020, Togouchi whisky black sugar plum liquor” is launched. Brown sugar honey 100% made from Okinawa brown sugar is used to blend with Togouchi whisky. The richness of brown sugar, the acidity of plum wine, and the smoky maturity of whiskey are well balanced. This unique liquor with rich flavor could be utilized broadly not only on the rock or enjoy with soda, but also to mix with milk or top on ice.
Regulatory Insights:
"According to the Agricultural Trade Office of the USDA/Foreign Agricultural Service in Hong Kong, Beverages with less than 30 percent alcohol content, primarily wine and beer, are not subject to excise duty. Beverages containing more than 30 percent alcohol content are subject to a 100 percent excise duty unless the product is to be re-exported and not consumed in Hong Kong, in which case there is no excise duty."
Influencing Trend:
Introduction of Sake and Plum Wine in Various Packaging Types
Market Growth Drivers:
Growing Demand for the Sweet Alcoholic Drinks and Demand for Some Sake Because Some of its Health Benefits
Challenges:
Stiff Competition in the Sake and Plum Wine Market
Restraints:
Import and Export Related Stringent Regulatory Guidelines on Sake and Plum Wine
Opportunities:
Growing E-commerce Availablity of Sake and Plum Wine and Surging Demand for Sake and Plum Wine from the Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Sake and Plum Wine Market
- Analysis about New Entrants in Sake and Plum Wine Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Sake and Plum Wine Study Sheds Light on
The Sake and Plum Wine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sake and Plum Wine industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sake and Plum Wine industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.