Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6 Billion | USD 11 Billion | 5.6% | 2022 |
The global umeshu market size was evaluated at $6 billion in 2022 and is slated to hit $11 billion by the end of 2030 with a CAGR of nearly 5.6% between 2023 and 2030. The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space.
The report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
Umeshu is a Japanese liqueur that is made up of steeping ume plums & sugar in this liquor. Furthermore, it has an alcohol content of nearly 10% to 15% and possesses a sweet as well as sour taste. For the record, the famous umeshu brands include Matsuyuki, Choya, and Takara Shuzo. Moreover, hotels as well as restaurants in Japan provide various kinds of umeshu and cocktails. In addition to this, umeshu can also be produced from real plum fruit by making use of additional flavors and perfumes to emulate plum taste. Reportedly, the beverage is also labeled as honkaku umeshu and is made from alcohol, ume fruit, and sugar.
A surge in the intake of products due to low alcoholic ingredients will steer the global market expansion by 2030
Growing consumption of umeshu by the young population owing to taste and low alcoholic content will proliferate the expansion of the global umeshu market. Furthermore, a prominent surge in the customer demand for premium as well as super-premium products along with a rise in the purchasing power of end-users will steer the expansion of the market across the globe. Additionally, huge efforts made by manufacturers of plum wine to expand their distribution network and gain huge shelf space in supermarkets are predicted to steer the growth of the global market.
The massive popularity of Japanese cuisine across the globe will contribute remarkably to the size of the global market in the coming years. A rise in the consciousness of health benefits accrued through the consumption of umeshu as well as ume fruit along with the antioxidant features of umeshu will spur the global market expansion. New product launches will contribute significantly towards the global market earnings. For instance, in March 2023, SAKURAO Brewery and Distillery Company Limited announced the launch of a new Umeshu referred by SAKURAO Umeshu Whisky Barrel Aging.
Growing preference for nonalcoholic beverages can impede the global industry expansion over the forecast period
A prominent inclination towards nonalcoholic drinks with an increase in awareness about the negative effects of alcohol on human health can put brakes on the global umeshu industry surge. High costs of raw materials used in the preparation of umeshu can hinder the growth of the global industry.
Massive relief offered to patients affected by heart ailments can boost the scope of the market expansion globally
With the product proving beneficial for patients having hypertension, cardiovascular disorders, and cerebrovascular ailments, the global umeshu market is projected to witness geometric expansion in the years ahead. Moreover, in Japan, umeshu is recommended for subjects who are diagnosed with severe renal failure. Such initiatives will prop up the demand for umeshu, thereby generating new growth avenues for the market globally.
The rise in the purchase of product alternatives can pose a huge challenge to the global industry surge by 2030
A surge in the preference of customers for drinks with minimal alcoholic content can pose a huge challenge to the growth and profitability of the global umeshu industry. The easy availability of product substitutes can further create hurdles in the expansion of the industry across the globe.
The global umeshu market is sectored into the distribution channel, end-user, and region.
In terms of distribution channels, the global umeshu market is segregated into online stores, hypermarkets, retailers, and convenience stores segments. In addition to this, the retailers segment, which gathered nearly 33% of the global market share in 2022, is anticipated to register the fastest CAGR in the forecast timespan. The growth of the segment in the ensuing years can be credited to an immense increase in health and fitness awareness among customers along with a growing shift of consumers towards beverages available at cost-effective rates.
Based on the end-user, the umeshu industry across the globe is sectored into residential and commercial segments. Additionally, the residential segment, which gained a key global industry share in 2022, is expected to lead the application landscape in the coming eight years. The segmental surge in the forecast timeframe can be subject to the large-scale demand for products in the residential as the product contains less alcohol and sweet taste.
Report Attributes | Report Details |
---|---|
Report Name | Umeshu Market |
Market Size in 2022 | USD 6 Billion |
Market Forecast in 2030 | USD 11 Billion |
Growth Rate | CAGR of 5.6% |
Number of Pages | 212 |
Key Companies Covered | Lotte, Uisuki, Kiku Masamune, Choya Umeshu, Ozeki, Xsens Technologies BV, Umenoyado, Takara Sake, Jinro, Creation Food, Suntory, and others. |
Segments Covered | By Distribution Channel, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to establish global market domination over the forecast period
Asia-Pacific, which accounted for more than 52.3% of the global umeshu market revenue in 2022, is anticipated to record lucrative growth over the forecasting years. The market expansion in the region over the forecast period can be subject to a rise in product consumption in countries such as India, Japan, China, Australia, and South Korea. A massive rise in the brewing firms producing umeshu in the sub-continent will pave the way for the regional market surge in the upcoming years.
On the other hand, the North American umeshu industry is projected to record the fastest growth rate in the next eight years. The regional industry expansion over the upcoming years can be due to the huge presence of key manufacturers and vendors in the region. Apart from this, a rise in the product export to countries of Latin America will spearhead the growth of the industry in North America in the coming decade.
The global umeshu market profiles key players such as:
By Distribution Channel
By End-User
FrequentlyAsked Questions
Umeshu is a Japanese liqueur that is made up of steeping ume plums & sugar in this liquor. Furthermore, it has an alcohol content of nearly 10% to 15% and possesses a sweet as well as sour taste. For the record, the famous umeshu brands include Matsuyuki, Choya, and Takara Shuzo.
The global umeshu market growth is owing to huge efforts made by manufacturers of plum wine to expand their distribution network and gain huge shelf space in supermarkets.
According to a study, the global umeshu industry size was $6 billion in 2022 and is projected to reach $11 billion by the end of 2030.
The global umeshu market is anticipated to record a CAGR of nearly 5.6% from 2023 to 2030.
The North American umeshu industry is set to register the highest CAGR over the forecasting timeline owing to the huge presence of key manufacturers and vendors in the region. Apart from this, a rise in the product export to countries of Latin America will spearhead the growth of the industry in North America in the coming decade.
The global umeshu market is led by players such as Lotte, Uisuki, Kiku Masamune, Choya Umeshu, Ozeki, Xsens Technologies BV, Umenoyado, Takara Sake, Jinro, Creation Food, and Suntory. The global market is highly fragmented with giant players gaining minimal share of the market across the globe. Moreover, high competitiveness and entry of new players in the market has resulted in cost-effectiveness of the product, thereby contributing noticeably towards the global market proceeds.
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