Argentina Sake Market Overview, 2028

Argentina Sake Market Overview, 2028

The popularity of Japanese cuisine has been growing in Argentina. As consumers become more adventurous in their food choices and seek new culinary experiences, they may be exploring different aspects of Japanese cuisine, including sake as traditional beverage that pairs well with Japanese dishes. As consumers become more discerning and seek new and unique experiences, they may explore different types of alcoholic beverages beyond the traditional options. Sake offers a distinct flavor profile and drinking experience, which can appeal to consumers looking for something different from their usual choices. Terroir refers to the environmental factors, including climate, soil, and water, that can influence the flavor and character of agricultural products. If Argentine sake producers utilize local terroir in their rice cultivation and sake production, it could contribute to the distinctiveness of their sake compared to traditional Japanese sake. Argentine sake producers may use locally sourced ingredients in their sake production, which could give their sake a unique flavor profile. For example, they may use locally grown rice varieties instead of traditional Japanese sake rice, resulting in different taste characteristics. Argentine sake producers might incorporate their own production techniques and processes that differ from traditional Japanese methods. They may draw inspiration from local winemaking traditions or adapt brewing techniques to suit their specific circumstances, resulting in unique flavor profiles and styles.

According to the research report Argentina Sake Market Overview, 2028, published by Bonafide Research, the Argentina Sake market is anticipated to reach size of more than USD 76 Million by 2028. Argentine sake producers integrate elements of Argentine culture and traditions into their sake production, it can result in a fusion of Japanese and Argentine influences. This blending of cultural aspects can create a distinct style of sake that reflects the creativity and diversity of Argentina. Argentine sake production is characterized by small-scale, artisanal methods; it can add a special touch to the sake. Artisanal production often emphasizes attention to detail, quality, and hands-on craftsmanship, resulting in unique and carefully crafted products. There has been an increase in tourism from countries where sake is popular, such as Japan or other Asian countries, the hospitality and tourism industry in Argentina may have recognized the opportunity to cater to these tourists' preferences. Hotels, resorts, and tourist destinations that aim to provide authentic cultural experiences may include sake in their beverage offerings, thereby stimulating the market for sake. Festivals and events centered on Japanese culture can create an immersive environment that exposes attendees to various aspects of Japanese traditions, including sake. Through cultural performances, exhibitions, and workshops, visitors have the chance to learn about sake, its production process, and its significance in Japanese culture. This exposure can generate interest and curiosity, leading to increased demand for sake. Festivals and events can also provide networking opportunities for sake importers, distributors, and producers. These events bring together industry professionals, potential customers, and enthusiasts, creating a platform for business connections, collaborations, and market expansion. Such interactions can lead to increased distribution channels, partnerships, and the overall growth of the sake market.

The product type of the market includes, Junmai, Ordinary sake, Honjozo, Junmai Ginjo, Ginjo, Junmai Daiginjo. The Junmai Ginjo is anticipated to register the maximum CAGR of the market in the forecast period. Junmai Ginjo Sake is known for its high quality and refined flavor profile. It is made with rice that has been polished to at least 60% removal of the outer layer, resulting in a cleaner and more delicate taste compared to other Sake types. The aromatic and fruity notes of Junmai Ginjo Sake can be appealing to those who appreciate complex and nuanced flavors. As consumers become more discerning and seek out premium and high-quality beverages, Junmai Ginjo Sake fits the criteria. Its production process, which involves meticulous rice polishing and careful brewing techniques, contributes to its reputation as a premium product. This aligns with the growing trend of consumers willing to invest in unique and luxurious drinking experiences. Based on age group includes, 40-60 years. 20-40 years and above 60 years. The 40 to 60 years of age group are significantly leading the market of Sake in Argentina. On the other hand the 20-40 years age group is anticipated to gain highest CAGR of the market in the upcoming time frame.

The price range segment is dominated by low price range. Consumers in Argentina are price sensitive the majority of consumers in Argentina prefer lower-priced products; it can drive the demand for Sake in the lower price range. This may be influenced by factors such as the overall economic conditions, disposable income levels, and consumer preferences for value-oriented products. The distribution channel include, on trade and off-trade. The on-trade channel is leading the market with highest market share, he on-trade channel, which includes restaurants, bars, and hotels, often plays a significant role in the social and cultural fabric of a country. In Argentina, if there is a strong culture of dining out, socializing, and enjoying alcoholic beverages in establishments, the on-trade channel would naturally be a prominent avenue for Sake consumption. On-trade establishments often curate their beverage menus to offer a selection of premium, unique, or specialized Sake options. This positioning of Sake as a higher-end or exclusive beverage can attract consumers seeking elevated experiences and may contribute to its leading position in the market.

Considered in this report
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Argentina Sake market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Types
• Junmai
• Ordinary sake
• Honjozo
• Junmai Ginjo
• Ginjo
• Junmai Daiginjo

By Age Group
• 40-60 Years Old
• 20-40 Years Old
• Above 60 Years Old

By Price Range
• Low
• Premium
• Medium

By Application
• Commercial Use
• Home Use

By Distribution Channel
• On-trade
• Off-trade

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Sake industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.