Sake Market, By Range (Intopremium, Medium, and Low), By Type (Ordinary Sake, Junmai, Honjozo, Junmai Ginjo, Ginjo, and Junmai Daiginjo), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034

The sake market size grow from USD 9.69 Billion in 2024 and is expected to reach USD 15.64 at a compound annual growth rate (CAGR) of 5.4%.

Sake is an alcohol prepared by fermenting rice, which has been polished to get rid of the bran. Sake is additionally referred to as Japanese rice wine. Unlike wine, during which alcohol is ready by fermenting sugar that's naturally present in fruit (typically grapes), sake, and indeed any East Asian rice wine (such as huangjiu and cheongju), is especially produced by a brewing process, which is more like that of beer, where starch is essentially converted into sugars which ferment into alcohol. The brewing process for sake basically differs from the method for beer, where the conversion from starch to sugar and from sugar to alcohol occurs in two distinct steps. Like other rice wines, when sake is brewed, these conversions occur simultaneously. In Japan, sake is usually served with a special ceremony, where it's gently warmed during a small earthenware or porcelain bottle then sipped from a little porcelain cup called a sakazuki. Undiluted sake has an ABV of about 18%-20%. If sake is diluted with water before it's bottled, the ABV are going to be around 15%. The global sake market accounted for US$ XX billion in 2020 and is estimated to be US$ XX billion by 2029 and is anticipated to register a CAGR of XX.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. Food & beverage processing is one the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this pandemic. Although, China is the global manufacturing hub and is the largest raw material supplier for various industries, it is also one of the worst-affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adversely impacting the manufacturing and sales of various types of sake. This report will quantify the impact of pandemic on sake market.

The high demand for sake from several countries across the world will lead to an increase in the sake market growth rate in the coming years. With the declining trend for the sake market in Asia Pacific, the companies operating in that region have shifted their focus on promoting the drink in other parts of the world. There is an immense scope of expansion for the sake market in some Asian countries, Europe, and North America, where Japanese food is highly appreciated and dining out at Japanese food joints and restaurants is a part of regular life.  Activities such as promotional programs and events have all contributed to sake market growth. As a result of high product demand, there is an increase in the number of export activities for the product across several countries. The sake of exports to the US has grown multiple times in the past few years owing to its extra-ordinary sensory characteristic to drink and high inclination of people of the states toward traditionally styled drinks.

Development of sake-infused product

The trend of infusing sake with ingredients and beverages, such as chocolate and beer growing rapidly as they form an exotic combination and hold the potential to gain customer’s attention. KItkat Japan has already launched an alcohol inspired sake kitkat in the country that has gained immense popularity since its launch. The idea of the development of sake infused product witness the rapid demand growth due to its novel nature and its characteristics.

The global sake market is segmented based on range, type, and region.

On the basis of range, the global sake market is segmented into intopremium, medium, and low. Based on type, the global sake market is segmented into ordinary sake, junmai, honjozo, junmai ginjo, ginjo, and junmai daiginjo.

Regional Insights:

On region the global sake market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the significant share of the global sake market due to the high use of this beverage by consumers. Moreover, the sake market in North America is expected to grow at the highest CAGR during the forecast period. The US and Canada are among the leading countries in terms of sake consumption.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global Sake market report based on component, service range, type, and region.

Global Sake Market, By Range:

• Intopremium
• Medium
• Low

Global Sake Market, By Type:

• Ordinary Sake
• Junmai
• Honjozo
• Junmai Ginjo
• Ginjo
• Junmai Daiginjo

Global Sake Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

.

The key players operating in the global sake market includes Aramasa Co, Ltd., Asahishuzo CO., Ltd., Blue Current Brewery, Gekkeikan Sake Co., Ltd, Hakutsuru Sake Brewing Co., Ltd, Kanpai London Craft Sake, Ozeki Corporation, Sun Masamune Pty Limited, Takara Sake USA Inc., and Tatsuuma-Honke Brewing Co. Ltd.. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, In March 2019, Takara Sake USA Inc. introduced Sho Chiku Bai Sho premium range of sake. This will enhance the product offerings of the company and helps the consumers to choose from a wide range of categories.

• Aramasa Co, Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Asahishuzo CO., Ltd.
• Blue Current Brewery
• Gekkeikan Sake Co., Ltd
• Hakutsuru Sake Brewing Co., Ltd
• Kanpai London Craft Sake
• Ozeki Corporation
• Sun Masamune Pty Limited
• Takara Sake USA Inc.
• Tatsuuma-Honke Brewing Co. Ltd.