The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

High demand for sake from a variety of nations is likely to encourage innovation in sake manufacturing, propelling the market during the forecast period.

The global sake market is expected to grow from $8.81 billion in 2022 to $9.26 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The global sake market is expected to reach $11.13 billion in 2027 at a CAGR of 4.7%.

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Global Sake Market Segments Include:

• By Type: Junmai, Honjozo, Junmai Ginjo, Ginjo, Junmai Daiginjo
• By Age Group: 20-40 Years Old, 40-60 Years Old, Above 60 Years Old
• By Range: Premium, Medium, Low
• By Application: Commercial Use, Home Use
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global sake market in 2021.

Major Market Players in the sake market include 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.

Product innovations are a crucial trend that is gaining traction in the sake market. Major sake firms are focusing on developing unique goods in order to strengthen their market position. For example, in December 2022, Fukuju Brewery, a sake producer based in Japan, will release Fukuju Junmai EcoZero, the world’s first carbon-neutral sake with net zero emissions. The emissions are reduced by increasing the rice polishing ratio from 70% to 80%, which reduces energy consumption during the milling process, and by using Kyokai dry yeast to cut the brewing period by seven days.

The Sake Global Market Report 2023  provides a sake market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sake market forecast analyzes sake market size, sake market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Sake is a fermented rice-based alcoholic beverage from Japan. It is a light-colored sweet noncarbonated drink with an alcohol content of 14 to 16 percent. Sake’s major constituents are rice from specific strains that have been finely processed to remove the outer layers, decreasing the grain to between 50% and 70% of its original size, water, and koji, or the Aspergillus oryzae fungus, which transforms the rice starch to fermentable sugars.

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