Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6 Billion | USD 11 Billion | 5.6% | 2022 |
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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