Industry Background:
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 |
---|
Study Period | 2018-2028 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
This growth is primarily driven by Increase in global adult population, Increase in disposable income and Rising demands of the consumer for normal, premium and super premium products..
Globally, a noticeable market trend is evident 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. The Beverages sector in the Japan 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 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is concentrated by few players who are involved in aiming to provide delicious food through products derived from traditional sake brewing techniques.
Key Developments in the Market:
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.
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.
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 Plum Wine Market
- Analysis about New Entrants in 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, Plum Wine Study Sheds Light on
The Plum Wine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Plum Wine industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where 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.