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

Global 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 Sake market finds that the global Sake market reached a value of USD 3526.46 million in 2022. It’s expected that the market will achieve USD 3859.41 million by 2028, exhibiting a CAGR of 1.52% during the forecast period.

Key Opportunities and Drivers

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.

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

Market Challenges

Compared to wine culture, Japanese sake has many competitive products, such as white wine, liqueur and beer, and there are many audiences.
Japanese sake industry is facing a fierce competition. Increases in buyers within the industry will pose a threat to existing market share.

Market Risks/Restraints

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.
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.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The major players operating in the Sake market include Hakutsuru, Gekkeikan, Takara, Ozeki and Nihonsakari, etc. Among which, Hakutsuru ranked top in terms of sales and revenue in 2022.

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 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 2027.

Application Overview:

By application, the 20-40 Years Old segment occupied the biggest share from 2017 to 2022.

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

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

In Chapter 4 and Chapter 14.2, on the basis of types, the 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 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)