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According to this report the global sake market is expected to grow at a CAGR of 4.7% from 2020 to 2027.The report highlights key factors driving the market growth and the prominent players along with their developments in the market.
Sake is an alcoholic beverage prepared by fermenting rice, which has been polished to remove the bran. Sake is also known as Japanese rice wine. In contrast to wine, in which liquor is set up by aging sugar that is normally present in organic product (ordinarily grapes), sake, and in reality any East Asian rice wine, (for example, huangjiu and cheongju), is fundamentally created by a blending cycle, which is more similar to that of lager, where starch is essentially changed over into sugars which mature into alcohol.
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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.
Promotional programs, events, and other activities have all contributed to Sake Market growth. As a result of high product demand, there is an increase in the number of export activities for the product across several countries.