Sake and Plum Wine Market Size, Share, Industry, Forecast and outlook 2024-2031

Global Sake and Plum Wine Market is segmented By Product Type (Sake Wine, Ordinary Sake, Junmai, Plum Wine, Others), By Category (Alcoholic Wine, Non-Alcoholic Wine), By Packaging (Bottles,Cans), By Price Range (Economical, Premium), By Distribution Channel (Liquor Stores, Convenience Stores, Supermarkets, Online) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

The Global Sake and Plum Wine Market reached US$ XX million in 2023 and is projected to witness lucrative growth by reaching up to US$ XX million by 2031. The market is growing at a CAGR of 3.5% during the forecast period (2024-2031).

Sake is made from rice, and the quality of the sake is determined by how thoroughly it is milled and polished. Plum wine is a type of wine created from plums. Sake is prepared from many types of rice, similar to wine made from various grape varietals. These rice varieties, often large and fat grains, have distinct flavor profiles that are carried over into the sake produced. Sake is similarly manufactured from water; water makes up 80% of sake.

Market Summary

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Market Dynamics

Growing demand for high-quality, premium sake and plum wines

The sake and plum wine market is relatively small but is expanding rapidly, particularly in Japan, where Sake and plum wine are popular alcoholic beverages. Because of rising consumer demand and the attraction to authentic Japanese culture and food, the market for these products has expanded in recent years. Moreover, the health benefits of premium sake and plum wines will boost the market growth in the forecast period. Research has found plum wine’s antioxidant levels to be “moderate,” placing it above cherry and raspberry wines but below grape and blueberry wines. Plum wine also features several essential minerals and antioxidants.

Among these are calcium, magnesium, manganese, zinc, iron, and potassium. Plum wine has recently gained popularity as a healthful drink that helps individuals recuperate from weariness while providing a range of other health advantages. It is simple to drink, even for individuals who dislike other alcoholic beverages, such as nihonshu or beer, which can have a bitter taste and a higher alcohol level.

Increasing use of plum sake in various recipes

Growing usage of wine based recieps is increasing because increasing the population looking for new taste creates lucrative growth opportunities for manufacturers. For instance, Umeboshi, which is produced with pickled plums, is the most frequent type of plum sake. This plum sake complements sushi, sashimi, and other Asian foods. Shochu, which is prepared from distilled plums, is another sort of plum sake. This plum sake complements grilled meats and stews. Plum wine is traditionally created from Japanese Ume plums that ferment in sugar and yeast. This Japanese liquor was known as Umeshu in Asian civilizations. It has about 12% alcohol, making it simpler to consume than higher-alcohol wines. Also, it is an excellent component of cocktails and, like many dessert wines, can be employed in more unique recipes.

Market Segment Analysis

The global sake and plum wine market are segmented based on product type, category, packaging, price range, distribution channel, and region.

Rapid recognition of sake is leading to increased demand across the globe

Sake, also known as Nihonshu or Nihonshu's sake in Japan, is rapidly gaining popularity, resulting in rising demand for sake around the world. The export of sake from Japan to other Western and Southeast Asian countries has expanded dramatically in recent years; yet, the Japanese sake market has been gradually declining in recent years. The global market is expected to pick up steam in the future years as consumers develop more understanding of sake and its availability expands in specialty stores and restaurants.

Moreover, the sake business has benefited from increased international interest in Japanese food and drink during the last decade. Between 2010 and 2020, the value of Japan's sake exports increased year on year, rising by nearly 184% from 8.5 million JPY to 24.1 billion JPY. The majority of Japan's sake exports are bound for surrounding Asian countries such as China, Taiwan, and Singapore. Hong Kong was the single largest buyer of Japanese sake by value in 2020, accounting for 25.6% of total exports. Mainland China came in second with 24%, while the United States came in third with 21%.

Market Geographical Share

The strong presence of major players increased to create the new varieties of sake and plum wine

With the growing popularity of Japanese cuisine and the emergence of premium and artisanal drinks, Asia Pacific is the leading market for sake and plum wine. Because of developments in the wine business and related procedures, Japan is the region's largest market for sake and plum wine. Moreover, Asia-Pacific is the largest market for sake and plum wine, owing to the appeal of Japanese culture and cuisine, as well as the high consumption of sake in countries like Japan, China, and South Korea.

Market Key Players

The major global players in the market include Choya Umeshu, Suntory, Uisuki, Umenoyado, Takara Holdings Inc., Ozeki Sake, Kanpai London Craft Sake, Asahishuzo Co. Ltd., Blue Current Brewery and Sun Masamune Pty Ltd among others.

Key Developments

• On March 01, 2022, Umeshu, Japan's traditional plum wine, is now in India in three flavors. Nakano Umeshu, Kishu's Yuzu plum wine, and Kishu Umeshu Beninanko. Umeshu, a fruit liqueur comprising 35% white liquor and around 20% alcohol, is among Japan's most well-known and loved beverages and is slowly building a loyal community of fans worldwide.
• In November 2022, Toku Sake launched its debut product, Junmai Daiginjo, a super-premium sake.  

The global sake and plum wine market report would provide approximately 77 tables, 78 figures, and 200 Pages.

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