China alcoholic beverages market is estimated to grow at a CAGR of around 3% during the forecast period. The factors contributing to the market growth include increasing demand for alcoholic beverages 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.
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China’s alcoholic beverages market has been primarily led by the constant rise in rising in consumption of alcohol and increasing demand for premium brand alcoholic beverages in the country. The growing alcohol consumption in the country is one of the major factors that contribute to market growth. According to the WHO, China is one of the largest consumers of alcohol, with an increase in per capita consumption of 0.9 liters of pure alcohol by 2025 from 2016.
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China’s alcohol industry is mainly driven due to local alcoholic beverages such as Baiju and others. Maotai is one of the most popular Baijiu brands produced in Guizhou. However, foreign spirits are limited in the spirits industry due to high import taxes, restricted distribution channels, and fierce domestic competition.
Market Segmentation
China Alcoholic Beverages Market by Type
- Beer
- Distilled Spirit
- Wine
China Alcoholic Beverages Market by Packaging Type
- Glass Bottles
- Cans
- Others (Plastic Bottles)
Company Profiles
- Anheuser-Busch InBev
- Asahi Group Holdings, Ltd.
- Beijing Yanjing Brewery
- Bundaberg Brewed Drinks Pvt. Ltd.
- Carlsberg Breweries A/S
- China Resource Snow Breweries
- Chongqing Brewery Co. Ltd.
- FuJian YanJing HuiQuan Brewery Co., Ltd.
- Guangzhou Zhujiang Brewery Co., Ltd.
- Kirin Holdings Co. Ltd.
- Sapporo Breweries Ltd.
- Suntory Holdings Ltd.
- Thai Beverage PLC
- Tsingtao Brewery Co. Ltd.
- United Spirits Ltd.
- Wuliangye Yibin Co. Ltd.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
