Global Japanese Sake Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Japanese Sake Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Japanese Sake is a fermented alcoholic beverage made from sake rice, also called sakamai.

Market Overview:

The latest research study on the global Japanese Sake market finds that the global Japanese Sake market reached a value of USD 3542.27 million in 2022. It’s expected that the market will achieve USD 4046.38 million by 2028, exhibiting a CAGR of 2.24% during the forecast period.

Japanese culture is becoming more popular overseas

Japan is a country with a traditional culture. More and more foreigners are beginning to like Japanese culture, which will increase the spread of sake.

The prevalence of Japanese cuisine

There are more and more Japanese restaurants around the world, and Japanese sake is also the most distinctive drink of Japanese restaurants, which will continue to promote and spread Japanese sake.

Growing market demand

With the development of the economy, the market of the Catering service industry is booming, the demand for the market has increased, which has promoted the development of Japanese sake.

Price Rises of Labor Cost

In a whole, the price of labor cost will be in a rises state, is affected by trade policies, and prices have changed greatly. which increase the about the cost of the industry.

Regulation from Government

Some regions have strict regulations of Sake industry with the development of this industry, the, strict regulations and policy will be the restraints of the market.

Region Overview:

Asia Pacific dominated the Japanese Sake market in 2022, with a market share of 97.21%.

Company Overview:

Hakutsuru is one of the major players operating in the Japanese Sake market, holding a share of 7.79% in 2023.

Hakutsuru

Hakutsuru Sake Brewing Co. Ltd. produces and markets Japanese sake. The Company produces and sells Japanese distilled spirits, cooking sake, liqueur, and other alcoholic beverages. Hakutsuru Sake Brewing also sells beer, soy sauce, soft drinks, and other food products.

Gekkeikan

Gekkeikan Sake Co. Ltd. produces and sells sake, plum wine, shochu, mirin, and other alcoholic drinks. The Company imports and sells wine and beer from Germany and France. Gekkeikan Sake also sells basic cosmetic products.

Segmentation Overview:

Among different product types, Ordinary Sake segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the 20-40 Years Old segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Japanese Sake market covered in Chapter 3:

Gekkeikan
Takara
Hakutsuru
Asahi-Shuzo Sake Brewing (Kubota)
Asahi Shuzo (Dassai)
Kizakura
Hakkaisan
Oenon Group
Koyama Honke
Ozeki
Kiku-Masamune
Nihonsakari

In Chapter 4 and Chapter 14.2, on the basis of types, the Japanese Sake market from 2018 to 2029 is primarily split into:

Ordinary Sake
Junmai
Honjozo
Junmai Ginjo
Ginjo

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Japanese Sake market from 2018 to 2029 covers:

20-40 Years Old
40-60 Years Old
Above 60 Years Old

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)