About Sake
Sake is an alcoholic drink made from fermented rice. Sake is made in breweries in virtually all regions of Japan and there are so many varieties of sake brands. Rising demand of sake due to increasing health benefits such as anti-cancer and anti-bacterial activity, source of probiotic, good for stomach health, prevents inflammation, boosts the immune system, promotes skin health, and prevents earlier aging. The European market size is expected to grow from USD 59.34 million in 2020 to USD 45.65 million by 2025, at a CAGR of 12.23%.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.0% |
The Vendors having a strong hold in the market are ASAHISHUZO CO.,LTD. HAKKAISAN BREWERY CO., LTD. Kokuryu. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Sake 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.
ASAHISHUZO CO.,LTD. (Japan), HAKKAISAN BREWERY CO., LTD. (Japan), Kokuryu (Japan), SUDOHONKE CO., LTD. (Japan), Gekkeikan Sake, Inc (United States), YAEGAKI CORPORATION OF USA (United States), Otokoyama (Japan) and SakeOne (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Sake market by Type (Ordinary Sake, Junmai, Honjozo, Junmai Ginjo and Ginjo), Application (Commercial Use [Hotel, Restaurants] and Home Use) and Region.
On the basis of Type, Ordinary Sake are dominating the market in the year 2023 where as Honjozo stood as second largest market share.
On the basis of application, Commercial Use [Hotel, Restaurants] segment is dominating the market in the year 2023 where as Home Use segment stood as second largest market .On the basis of geography, the market of Sake 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Sake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. 20-40 Years Old will boost the Sake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Export of Sake across World
Market Growth Drivers:
Rising Demand for Sake in the Food and Beverage Industry across the World and Increasing Consumption of Sake from Age group 40-60 years
Challenges:
Rising Concern about Effects of Climatic Condition on Wine Production
Restraints:
Highly Volatile Raw Material Prices and Availability of Substitutes
Opportunities:
Upsurging Demand from Developing Countries and Increasing Number of Innovation Technique for New Product
Key Target Audience
Sake Manufacturers, Sake Suppliers/ Distributors, Raw Material Suppliers, Potential Investors and Food and Beverage Industry
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.