About Plum Wine
Proprietary brewing and storage technologies garnered over years have and changing consumer preferences has driven the Global Plum wine market. Plum wine also known as Umeshu is a famous Japanese alcohol beverage which is prepared by soaking unripe fruits solution of alcohol and sugar. There are varieties of Umeshu available with ume fruits adding citric acid to the fruits which gives a delicious taste and is prepared at home. Brands of Umeshu are Choya and Takara Shuzo.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The market is concentrated by few players who are involved in aiming to provide delicious food through products derived from traditional sake brewing techniques.The Vendors having a strong hold in the market are Ozeki. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Plum Wine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Choya Umeshu Co.,Limited (Japan), Suntory Beverage and Food Limited (Japan), Creation foods (Germany), Uisuki (Japan), Ozeki Kanjyuku Umeshu (Japan), Umenoyado Brewrey Coro.,Limited(Japan) and Takara Sake USA Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hite Jinro., Corp.Limited (South Korea), Lotte (South Korea) and Kiku-Masamune Brewery (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Plum Wine market by Type (Sweetness, Sour and Others), Application (Home, Restaurants and Others) and Region.
On the basis of geography, the market of Plum Wine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Japan region held largest market share in the year 2024. If we see Market by End users, the sub-segment i.e. Residential will boost the Plum Wine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Convenience stores will boost the Plum Wine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
In Hong Kong, the plum drink is very famous among young women and is also served as many popular cocktails in Hong Kong reportedly have Umeshu as a base.
Market Growth Drivers:
Increase in global adult population, Increase in disposable income and Rising demands of the consumer for normal, premium and super premium products.
Challenges:
Climate change is one of the hardest challenge that influences fruits and winemakers globally., Low investment attractiveness, High taxes leading to the ineffectiveness of plum wine business. and Stringent and regressive government rules with different taxation in many countries
Restraints:
Increase in preference for non-alcoholic beverages and Owing to health concerns.
Opportunities:
Change in lifestyles and consumer habits are providing an opportunity to global manufacturers to enhance the market of plum wine.
Market Leaders and their expansionary development strategies
In Jan 2019, The EU-Japan Economic Partnership Agreement (EPA) has set zero tariff on Japanese liqueur, which can spur the sale of plum wine in Europe.
Increase in continuous efforts shown by manufacturers to make strong distribution channel. Expansion of purchase channels such as online stores and convenience stores leading to boost the market.
Key Target Audience
Key Stakeholders, Plum Wine Manufacturers, Plum Wine Subcomponent Manufacturers, Industry Association, Downstream Vendors and Available Customizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.