Global Sake Market to Expand at 4.84% CAGR from 2019-2026; Increasing Demand for Sake-induced Beverages and Snacks to Enable Growth

The global sake market will benefit significantly from the increasing number of sake-induced products across the world. According to a report published by Fortune Business Insights, titled “Sake Market Size, Share & Industry Analysis, By Type (Ordinary Sake, Junmai, Honjozo, Junmai Ginjo, Ginjo, and Junmai Daiginjo), Age Group (20-40 Years Old, 40-60 Years Old, and Above 60 Years Old), and Regional Forecast, 2019 – 2026,” the USD 7.35 Billion in 2018 and is projected to reach USD 10.47 Billion by 2026, exhibiting a CAGR of 4.84% in the forecast period.

Sake is a Japanese beverage that has established itself as one of the most widely adopted product in the country. The export of sake from Japan to several countries outside of Asia Pacific has contributed to the increasing demand for the product across the world. The decreasing demand for the product in Japan has resulted in the growing export for the product.

The report provides a detailed analysis of the global sake market and includes insights into the latest industry trends. The report provides segmentation of the market based on product type, age group, and regional demographics. The report labels out leading entities from all of these segments.

Increasing Demand for Sake-derived Products to Provide Impetus for Market Growth

The increasing number of product launches will have a direct impact on the global sake market in the coming years. Additionally, the introduction of several products manufactured with the help of this beverage. In 2016, Nestle announced the launch of a new product that contains 0.8% alcohol and is developed with sake as a primary ingredient.

Nestle’s Nihon-shu was the latest addition to its range of KitKat line. The huge demand for KitKat will contribute to the growth of the global sake market in the coming years. The product will help Nestle generate a high sake market revenue in the coming years.

Increasing Company Collaborations and Takeovers Will Enable Market Growth

The report encompasses several factors that have contributed to the growth of the global sake market and predicts factors that are likely to influence the market in the coming years. Among these factors, Fortune Business Insights expects the increasing number of mergers and acquisitions as one of the major factors that will influence the sake market growth positively.

In February 2018, Asahishuzo Co. Ltd. signed an agreement with the Culinary Institute of America (CIA). The company plans to build a sake brewer within the CIA backyard. With this collaboration, the company will extend its sales in the East Coast, thereby establishing itself as one of the strongest market players.

Additionally, the company will generate a high sake market revenue in the coming years owing to the high demand for sake in the region. The report includes mergers and acquiitions, similar to Asahishuzo’s latest activity and gauges the impact of such collaborations on the global market.

Some of the leading companies that are operating in the global sake market are:

• Takara Holdings Inc.


• Ozeki Sake


• Asahishuzo CO., Ltd.


• Tatsuuma-Honke Brewing Co. Ltd.


• Gekkeikan Sake Co., Ltd


• Hakutsuru Sake Brewing Co., Ltd.


• Sun Masamune Pty Limited 


• KANPAI London Craft Sake 


• Blue Current Brewery


• Aramasa Shuzo Co.

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/sake-market-101545

The global sake market is segmented based on: