Sake Global Market Report 2024

Sake is a Japanese alcoholic beverage produced through the fermentation of rice. It is a light-colored, sweet, noncarbonated drink with an alcohol content ranging from about 14 to 16 percent. The main components of sake include rice from specific strains that undergo meticulous processing to remove outer layers, reducing the grain size to between 50% and 70% of its original size, water, and koji or Aspergillus oryzae fungus, which converts rice starch into fermentable sugars.

The main types of sake are junmai, honjozo, junmai ginjo, ginjo, junmai daiginjo, and ordinary sake. Junmai refers to sake made with essential ingredients such as water, rice, koji, and yeast. Sake can be categorized based on age groups, such as 20-40 years old, 40-60 years old, and above 60 years old, as well as ranges such as premium, medium, and low. These classifications find applications in various settings, including commercial and home use.

The sake market research report is one of a series of new reports from The Business Research Company that provides sake market statistics, including sake industry global market size, regional shares, competitors with a sake market share, detailed sake market segments, market trends, and opportunities, and any further data you may need to thrive in the sake industry. This sake market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sake market size has grown strongly in recent years. It will grow from $9.28 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The expansion observed during the historical period can be attributed to robust economic growth in emerging markets, the expansion of online sales platforms, and an increasing consumer preference for beverages.

The sake market size is expected to see strong growth in the next few years. It will grow to $12.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth in the forecast period can be attributed to changes in health-conscious consumer lifestyles, a growing interest in Japanese culture and cuisine, and increasing government support. Key trends expected during the forecast period include the development of innovative products to meet the growing demand for sustainable options and reduce environmental impact, a focus on investments to increase production capacity and sustain market positions, utilization of advanced technologies to provide reliable products and strengthen market positions, and a focus on launching sake brewing projects to benefit the sake industry.

The sake market is anticipated to experience significant growth due to the high demand for sake from various countries. Sake, a Japanese alcohol brewed from polished rice, has garnered interest globally, particularly in the USA, owing to factors such as increased awareness of its health benefits. These benefits include stimulating blood alcohol metabolism, lowering blood pressure, and reducing cholesterol and blood triglycerides. In 2021, sake export value reached around $302 million (JPY 40.2 billion), marking a substantial 66.4% increase. Notably, the USA and China witnessed a surge in sake export volumes, with year-over-year increases of 102.9% and 137.8%, respectively. The robust demand for sake from multiple countries is a driving force behind the market's growth.

Changes in health-conscious consumer preferences and lifestyles are poised to contribute to the sake market's expansion. The shift towards healthier choices in diet and daily routines has created a growing awareness and emphasis on health-conscious consumers. Sake breweries are benefiting from this trend as consumers seek healthier and exotic food and drink options with unique flavors and potential health benefits. The pandemic has intensified health concerns, with 60% of global consumers prioritizing leading healthier lives to avoid health problems. A notable shift in dietary patterns has been observed, with 52% of participants in a Food and Health Survey following specific diets or eating patterns in 2022. This increased focus on health-conscious lifestyles is expected to drive the sake market.

Product innovation is a prominent trend shaping the sake market, with major companies concentrating on developing innovative offerings to enhance their market position. For example, Fukuju Brewery, a Japan-based sake producer, launched Fukuju Junmai EcoZero in December 2022. This groundbreaking product claims to be the world's first carbon-neutral sake with net-zero emissions, achieved through a reduced rice polishing ratio and the use of Kyokai dried yeast. The innovative approach aims to minimize energy consumption during the milling process and shorten the brewing period by seven days.

Sake beverage manufacturers are leveraging advanced technologies to provide reliable products and strengthen their market standing. Satake Corporation, a Japan-based manufacturing company, introduced the HR10DDF-T paddy husker in March 2022. This high-precision rice-milling machine utilizes Satake's patented Idler Switching System to achieve consistent milling and a low level of bran. This is particularly crucial for sake brewing, ensuring a clean and pure flavor. The husker's technology adjusts the speed and pressure of the husking rollers automatically, minimizing broken rice production and resulting in significant cost savings for rice millers.

In March 2023, Shaw-Ross International Importers, a US-based alcohol importer, acquired TYKU Sake for an undisclosed amount. This acquisition enhances Shaw-Ross International Importers' Japanese portfolio by expanding its range of premium sakes. TYKU Sake, a US-based company, is known for producing sake and other spirits.

Major companies operating in the sake market report are Gekkeikan Sake Co Ltd., Takara Holdings Inc., Tatsuuma-Honke Brewing Co. Ltd., SakeOne, Ozeki Sake,Asahishuzo CO. Ltd. (Dassai), Homare Sake Brewery Co. Ltd., Hananomai Brewing Co. Ltd., Shiragiku Shuzo Co. Ltd., Blue Current Brewery, Hakkaisan Brewery, Dewazakura Sake Brewery, Tatenokawa, Kokuryu Brewery, Beijing Shipuller Co, Dojima Sake Brewery, Daisekkei Sake Brewing Co.,Ltd., Tosatsuru Sake Brewing Co.,Ltd., Sohomare Sake Brewery Co.,Ltd., HASHIMOTO INDUSTRY Co. Ltd., Azuma Kirin, NØGNE, Les Larmes du Levant, Wakaze Sake, European Drinks S.A, AMBRA Group, Zaklady Tluszczowe Kruszwica,, Setting Sun Sake Brewing Company, Ontario Spring Water Sake Company, Bruce Ashley Group, Artisan SakeMaker, YK3 Sake Producer, Aurora, Ikigai-shu, Shaoxing Rice Wine Dubai, Matsuse Sake Brewery Co, Ltd

North America was the largest region in the sake market in 2023. The regions covered in the sake market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the sake market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The sake market consists of sales of Futsushu, Tokubetsu Honjozo, Shiboritate, Nigori, and Jizake. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Sake Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sake market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for sake? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sake market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Ordinary sake; Junmai; Honjozo; Junmai Ginjo; Ginjo; Junmai Daiginjo
• 2) By Age Group: 20-40 Years Old; 40-60 Years Old; Above 60 Years Old
• 3) By Range: Premium; Medium; Low
• 4) By Application: Commercial Use; Home Use
• Companies Mentioned: Gekkeikan Sake Co Ltd; Takara Holdings Inc; Tatsuuma-Honke Brewing Co. Ltd; SakeOne; Ozeki Sake
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.