Global Japanese sake Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Japanese sake Market by type and by preparation method: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Japanese sake market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Japanese sake market, in terms of value, and is expected to maintain this trend throughout the forecast period. Product developments such as sake with effervescence similar to sparkling wine and attractive packaging are some of the factors responsible growth of the market.
Initiative by brewer from Japan to promote the local traditional sake at global level; is fuels the market growth.
Major production companies are not making profit due to dominance of small family enterprises, this resist the entry of new entrants; this restrains growth of the market.
KEY FINDINGS • Sokujo is accounted for higher penetration in preparation of sake • Asia Pacific is dominates the Japanese sake market owing presence of Japan in the region. • Juinmai daiginjo is expected to grow at higher rate which made from rice, water, yeast and koji.
The key players in the market are: Aramasa, Dassai, Hakkaisan, Hiroki, Juyondai, Kamoshi-bito kuheiji, Kubota and Kokuryu.
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