Japanese Sake Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2029

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Japanese Sake Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2029

Status : May, 2021 | Food and Beverages

Report Digest

Global Japanese Sake Market: Overview

Sake is a traditional rice-based alcoholic drink, and has gathered groundswell of interest across breweries in Japan for several generations. Strides made by rice production in Japan have supported the momentum to a large extent. Lately, Japanese sake has been gathering steam among people outside the country. Particularly, breweries brands based in the U.S. have begun appreciating the consumer prospects of Japanese sake. The alcohol content of Japanese sake is around 15 percent, and may increase to 17% in typical preparations. The sake finds use in numerous food recipes, and is also considered as a cultural drink for the Japanese population.

A number of Japanese sake varieties with varying flavors and taste have hit the market, in order to meet the changing consumer preferences. Makers adopt sake making processes for preserving particular flavors and aromas. Aside from the ordinary Japanese sake, key product types in the market are junmai, honjozo, junmai ginjo, and ginjo. Of all, junmai ginjo is likely to serve a prominent share in the global sake market.

Global Japanese Sake Market: Growth Dynamics

Worldwide, people are developing a palate for traditional alcoholic beverages. This has been a key driving factor for the evolution of the Japanese sake market, globally. Sake newbies have been even eager to try variation in taste and flavor in this rice-based alcoholic beverage, expanding the potential of demands in indigenous Japan. Advances in brewing techniques have helped Japanese sake makers cater to the changing consumer preferences.

Advent of new trade shows promoting Japanese sake in international markets has helped makers see new, potential opportunities. Over the past few years, stores serving alcoholic beverages in developed nations see a new, exciting opportunity in Japanese sake. However, product recalls can be a significant challenge for players looking to consolidate their stakes in the market. On the other hand, such instances can serve as a clarion call for manufacturers to improve their production systems, further highlighting the need for robust supply and distribution chain.

Global Japanese Sake Market: Notable Developments

In recent years, breweries in Japan have been leveraging the synergy of large-scale tasting events and international trade shows for promoting several brands of sake. A recent one was held in New York in January 2020, and was hosted by a U.S. company looking to import sake varieties. As many as 300 of wholesalers and food industry members were present in the event. Among the 16 breweries who attended the event were Asabiraki Co. in Iwate Prefecture, Kobe Shu-Shin-Kan Breweries Ltd., and Sake Brewer Co. A few food industry consultants showed substantial interest in the production methods used by brewery brands making Japanese sake. Such shows play crucial role in unlocking new market prospects in the Japanese sake market. In recent years, U.S.-based food companies are inking partnership deals and collaborations with Japanese breweries and chefs. Furthermore, there are tasting events in new markets. Some of the promising players in the Japanese sake market have intensified their efforts toward this.

Global Japanese Sake Market: Regional Assessment

Japan undoubtedly is the major market among all key geographies. The country has been a hotbed of opportunities for breweries capitalizing on the cultural connect that various verities of sake seem to promote. The region has seen a plethora of consumer habits picking up, including the ways of Japanese sake tasting in vogue.  Connoisseurs are particularly interested in their own way of consuming Japanese sake, bolstering its sales. The wide variety of production being imported to other countries of Asia Pacific is making them open to new revenue streams. The popularity of the Japanese sake has nudged indigenous makers to promote their products in international events and trade shows, particularly the U.S. which is considered as a potentially lucrative market.   

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?