Mirin Market Size Worth $425.03 Million by 2032 | CAGR: 5.7%

Mirin Market Size Worth $425.03 Million by 2032 | CAGR: 5.7%


The global mirin market size is expected to reach USD 425.03 million by 2032, according to a new study by Polaris Market Research. The report “Global Mirin Market Size, Share, Trends, Industry Analysis Report: By Type (Aji-mirin and Hon-mirin), By Application (Residential and Commercial), By Distribution Channel, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global mirin market is experiencing notable growth owing to the increasing consumer interest in authentic Japanese cuisines and a rising preference for versatile cooking ingredients. Key drivers include the growing popularity of Asian culinary traditions, the expansion of Japanese restaurants and food products worldwide, and emerging home cooking and gourmet food trends. Additionally, the shift in preference of health-conscious consumers toward natural and less processed ingredients has propelled the demand for mirin, a naturally fermented rice wine.

Trends shaping the mirin market include innovations in mirin production, such as low-sugar and premium variants, and the expansion of distribution channels, including online grocery platforms and specialty stores.

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The competitive landscape of the global mirin market is characterized by a mix of traditional producers and emerging players focusing on premium and specialty products. Established companies such as Kikkoman and Mizkan leverage their extensive distribution networks and brand reputation to maintain market dominance.

Mirin Market Report Highlights:

  • Aji-mirin, often referred to as "fake" or "sweetened" mirin, is the dominating segment due to its widespread availability, affordability, and suitability for a variety of culinary applications.
  • By application, the commercial segment dominates the global mirin market.
  • Based on distribution channel, the supermarkets & hypermarkets segment dominates the global mirin market. These retail formats offer a broad selection of food products, including mirin, making them a primary shopping destination for consumers seeking convenience and variety.
  • Asia Pacific dominates the global market, primarily due to its cultural affinity for Japanese cuisine and the high consumption rates of mirin in countries such as Japan, China, and South Korea.
  • The major players in the market include Kikkoman Corporation, Mizkan Holdings, Yamasa Corporation, Takara Shuzo Co., Ltd., Ohsawa Japan, Marukin Shoyu Co., Ltd., Suzuya Co., Ltd., Shoda Shoyu Co., Ltd., Maruzen Showa Co., Ltd., Shinkichi Kogyo Co., Ltd., Lee Kum Kee, Aji-No-Moto Co., Ltd., Nakano Vinegar Co., Ltd., Sun Noodles, Inc., San-J International, Inc.

Polaris Market Research has segmented mirin market report on the basis of type, application, distribution channel, and region

Mirin– Type-Based Outlook (Revenue – USD Billion, 2019–2032)

  • Aji-mirin
  • Hon-mirin

Mirin– Application-Based Outlook (Revenue – USD Billion, 2019–2032)

  • Residential
  • Commercial

Mirin– Distribution Channel-Based Outlook (Revenue – USD Billion, 2019–2032)

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online

Mirin– Regional Outlook (Revenue – USD Billion, 2019–2032)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Netherlands
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China 
    • Japan 
    • India 
    • Malaysia 
    • South Korea
    • Indonesia
    • Australia
    • Vietnam
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

Mirin Report Scope

Report Attributes

Details

Market size value in 2023

USD 258.30 million

Market size value in 2024

USD 272.17 million

Revenue forecast in 2032

USD 425.03 million

CAGR

5.7% from 2024 to 2032

Base year

2023

Historical data

2019–2022

Forecast period

2024–2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Report coverage

Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends

Segments covered

  • By Type
  • By Application
  • By Distribution Channel
  • By Region

Regional scope

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Competitive landscape

  • Mirin Market Share Analysis (2023)
  • Company Profiles/Industry participants profiling includes company overview, financial information, product/service benchmarking, and recent developments

Report format

  • PDF + Excel

Customization

Report customization as per your requirements with respect to countries, region, and segmentation.

For Specific Research Requirements

Request for Customized Report