Sake Market is Expected to Reach USD 13,146.68 million by 2027 with Top Countries Data

Ordinary sake is also called Futsū-shu which is an equivalent of a table wine and also accounts for the majority of the sake produced.

NEW YORK, UNITED STATES, October 20, 2022 /EINPresswire.com/ -- According to our latest market study on “Global Sake Market Forecast to 2027 – COVID-19 Impact and Analysis – by Type (Ordinary Sake, Junmai, Honjozo, Junmai Ginjo, Ginjo, Junmai Daiginjo); Range (Premium, Medium, Low),”the market was valued at US$ 9,290.16 million in 2019 and is projected to reach US$ 13,146.68 million by 2027; it is expected to grow at a CAGR of 4.7% from 2020 to 2027.The report highlights key factors driving. the market growth and the prominent players along with their developments in the market.

Report Coverage - Sake Market
Report Coverage Details
Market Size Value in US$ 9,290.16 Million in 2019
Market Size Value by US$ 13,146.68 Million by 2027
Growth rate CAGR of 4.7% from 2020-2027
Forecast Period 2020-2027
Base Year 2020
No. of Pages 135
No. of Tables 58
No. of Charts & Figures 75
Historical data available Yes
Segments covered Product Type ; and Range
Regional scope North America; Europe; Asia Pacific; Latin America; MEA
Country scope US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Download Sample PDF Brochure of Sake Market Growth Research Report at: https://www.theinsightpartners.com/sample/TIPRE00011083/

Sake is an alcoholic beverage prepared by fermenting rice, which has been polished to remove the bran. Sake is also known as Japanese rice wine. In contrast to wine, in which liquor is set up by aging sugar that is normally present in organic product (ordinarily grapes), sake, and in reality any East Asian rice wine, (for example, huangjiu and cheongju), is fundamentally created by a blending cycle, which is more similar to that of lager, where starch is essentially changed over into sugars which mature into alcohol.

Increase in export of sake is expected to drive the market demand during the forecast. 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.

Inquire before Buying at - https://www.theinsightpartners.com/buy/TIPRE00011083/

North America holds the significant share of the global sake market due to the high use of this beverage by consumers. The US and Canada are among the leading countries in terms of sake consumption. The US dominated the North America sake market in 2019 and is projected to lead the market during 2020–2027. Several sake breweries have a strong foothold in the North American region.Takara Sake USA Inc., Gekkeikan Sake, and Ozeki Sake are among the key market players present in the North America sake market. These breweries are constantly working toward innovation and development
CBD gummies Market: Industry Overview

The COVID-19 outbreak has affected economies and industries in various countries due to government-imposed as well as self-imposed lockdowns, travel bans, and business shutdowns. Food& beverages processing is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the hub of manufacturing and the largest raw material supplier for various industries worldwide, and disturbed operations in the country are affecting several businesses from all other countries dependent on its manufacturing sector. The global market breakdown due to COVID-19 spread is also affecting the growth of the market for sakeapplications.

Sake Market : Competitive Landscape and Key Developments

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. are among the key players operating in the global sake market.

Buy Copy of Sake Market Market Research Study at: https://www.theinsightpartners.com/buy/TIPRE00011083/

Based on range, the sake market is segmented into premium, medium, and low. The low segment accounted for the largest share in market in 2019, and the premium segment is expected to register the fastest CAGR during 2020–2027. The low-price range segment of sake is brewed for obtaining maximum yield and value as well as using cheaper rice grade which are mostly polished under 30%. Most of the sake that is produced lies under the low range segment.

Browse Related Reports and get a Sample copy

Rice Wine Market Forecast to 2028 - COVID-19 Impact and Global Analysis-
https://www.theinsightpartners.com/reports/rice-wine-market

Plum Wine Market Forecast to 2028 - COVID-19 Impact and Global Analysis-
https://www.theinsightpartners.com/reports/plum-wine-market

Fortified Beverages Market Forecast to 2028 - COVID-19 Impact and Global Analysis-
https://www.theinsightpartners.com/reports/fortified-beverages-market

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/reports/sake-market
More Research: https://www.openpr.com/news/2766102/manuka-oil-market-2022-size-global-trends-comprehensive

Sameer Joshi
The Insight Partners
+91 96661 11581
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn