Sake and Plum Wine: Market Outlook
Plum wine is a popular Japanese alcoholic beverage that is prepared by soaking alcohol and sugar in unripe fruit solution. Multiple plum wine varieties are available with whole ume fruits in the bottle, and are easily prepared at home. Plum wine is served at different temperatures such as chilled, room temperature, or even warm in the winter. The delicious taste of plum wine is imparted by the presence of citric acid in the fruit.
Besides, plum wine contains acids which are succinic and malic.Sake wine is also a Japanese alcoholic beverage made from fermented rice, thus in some countries it is called and considered rice wine. Certain ingredients needed for sake preparation include yeast, water and Koji-kin. Exports of sake and plum wine from Japan to various countries in Southeast Asia as well as in Western Asia have risen significantly in recent years.
The Sake wine and plum wine market in Japan have witnessed decline in recent years. The global market is projected to gain market share in the coming years due to a growing awareness among consumers of sake and plum wine and its increased availability in restaurants and shops.
Increase in Export of Sake and Plum Wine Across High Potential Countries, Where Demand for the Product is Growing Rapidly
Sake and plum wine are no longer just a Japanese treat, but it's made its way into foreign countries like China, the U.S., South East Asia and others. Shrinking Japanese market has resulted in increased exports of sake and plum wine, especially premium-grade wine to countries where people like to pair the drink with food.
The Sake and plum wine of sales to North America has increased several times over the past couple of years, and some of the main contributors to it are exceptional sensory characteristics of drinking and high propensity of states citizens towards traditionally styled drinks.
Significant growth in the number of Japanese restaurants across foreign countries is another major contributor to the growth of global sake and plum wine market. Food service industry is also one of the important factors, which driving the growth of the global sake and plum wine market.
In addition, continued efforts by plum wine producers to reinforce distribution channels and expand purchase channels such as online stores & convenience stores are expected to boost market growth. Increased penetration by global manufacturers in emerging economies such as India and China is also expected to provide significant opportunities for market growth due to changes in lifestyle and consumer habits.
Sake and Plum Wine Market: Key Players
Some of the prominent players driving the growth of sake and plum wine market globally includes,
- Choya Umeshu
- Takara Holdings Inc.
- Ozeki Sake
- Asahishuzo Co. Ltd.
- Kanpai Landon Craft Sake
- Blue Current Brewery
- Sun Masamune Pty Ltd.
A couple of key players primarily focus on baseline expansion strategy to remain dominant in the regional market, as well as making plenty of the profit. Another main market participant strategy is to increase the product line for consumers of a wide variety of sake and plum wine varieties.
Sake and Plum Wine Market: Regional Analysis
The Sake and plum wine market are undergoing intense restructuring in Japan, while competition for sake and plum wine is increasing significantly in the other countries and key players are implementing creative marketing strategies for selling their goods. Key players in Japan are supporting product reshaping by increasing the percentage of alcohol.
Europe is projected to grow at a significant rate due to increased product demand in countries such as Germany, the United Kingdom, France and others. The UK & Germany are emerging as a significant sake and plum wine export destination.
There has also been a growing trend of start-ups of small sake and plum breweries of Europe with a rise in imports of sake and plum wine, which is expected to drive the Europe sake and plum wine market growth. The research report presents a comprehensive assessment of the sake and plum wine market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, category, packaging, price range, distribution channel & region.
The report covers exhaustive analysis on
- Sake and plum wine market Segment
- Sake and plum wine market Dynamics
- Sake and plum wine market Size
- Sake and plum wine Supply and Demand
- Current Trends/Issues/Challenges pertaining to sake and plum wine market
- Competition Landscape and Emerging Market Participants sake and plum wine market
- Technology related to Production/Processing of sake and plum wine
- Value Chain Analysis of the sake and plum wine market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Sake and Plum Wine: Market Segmentation
- Sake Wine
- Ordinary Sake
- Junmai Ginjo
- Junmai Daiginjo
- Plum Wine
- Citrus Fruit
- Sparking Rose
- Alcoholic Wine
- Non-Alcoholic Wine
By Distribution Channel
- Liquor Stores
- Convenience Stores
- Online Stores
- Restaurants & Bars
- Travel Retail
- Tasting Rooms
Table of Content
List of Tables
List of Charts