Sake Market is estimated to be 17.0 Billion by 2029 with a CAGR of 4.3% during the forecasted period.
The sake market accounted for 8.2 billion in 2020 and is estimated to be US$ 17.0 billion by 2029 and is anticipated to register a CAGR of 4.3%. The report " Sake Market, By Range (Intopremium, Medium, and Low), By Type (Ordinary Sake, Junmai, Honjozo, Junmai Ginjo, Ginjo, and Junmai Daiginjo), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029” . Key Highlights: In March 2019, Takara Sake USA Inc. introduced Sho Chiku Bai Sho premium range of sake. This will enhance the product offerings of the company and helps the consumers to choose from a wide range of categories. In February 2016, Nestle Japan launched alcohol-inspired sake kitkat in Japan. The sake chocolate claimed to contain 0.8% alcohol within it. Analyst View: Increase in export of sake The high demand for sake from several countries across the world will lead to an increase in the sake market growth rate in the coming years. Wi