China Wine Market Share 2019 Growth Challenges, Opportunities and Future Trends 2025
The China wine market is estimated to grow at a CAGR of around 4% during the forecast period. The factors contributing to the growth of the market include increasing demand for alcoholic beverages in emerging economies such as China and India due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. The changing social norms and the growing acceptability of alcohol have led to high and regular alcohol consumption among people in the region.
The growing alcohol consumption in major economies such as
China and India is one of the major factors that contribute to the China wine
market growth. For instance, according to the WHO, the recorded alcohol per
capita (15+) consumption was 2.7 liters in 2010 that increased to 3.0 liters in
2016. Additionally, unrecorded alcohol per capita (15+) consumption was 1.5
liters in 2010 that further increased to 2.6 liters in 2016 and is projected to
increase in the near future that increases the demand for alcoholic beverages
in the region.
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Further, China's Ministry of Industry provides various
policies and guidelines for the alcohol industry, comprising policy of revenue
tax for each individual factory, amount of production, and quality of
production that further impact the China alcohol industry. The ministry’s
general policies encourage the development of low degree alcohol-based
beverages, ferment alcohol; limit the development of a high degree of alcohol
and sustain the development of fruit alcohol and non-foodstuff made alcohol
that further influences the wine market in the country.
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China Wine Market by Type
·
Still Wine
·
Sparkling Wine
·
Dessert Wine
·
Fortified Wine
By Distribution Channel
·
Online
·
Offline
Company Profiles
·
Asahi Group Holdings, Ltd.
·
Bate Lu Wines, Ltd.
·
Carlsberg Breweries A/S
·
Changyu Pioneer Wine Co.
·
China Resources Snow Breweries
·
Constellation Brands, Inc.
·
Heineken Holding N.V.
·
Molson Coors Brewing Co.
·
SABMiller PLC
·
Treasury Wine Estates
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