Press release content from Business Wire. The AP news staff was not involved in its creation. Outlook on the Sake Global Market to 2027 - by Product Type, Range and Geography - ResearchAndMarkets.com February 16, 2021 GMT DUBLIN--(BUSINESS WIRE)--Feb 16, 2021-- ADVERTISEMENT 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.