Baijiu Market Future Scope and Growth Factors 2022 - 2028|Kweichow Moutai Group, Wuliangye

 

Baijiu, also known as shaojiu or archaically as sorghum wine, is a Chinese alcoholic beverage made from grain. Baijiu literally translated means white alcohol or liquor, and is a strong distilled spirit, generally between 40 and 60% alcohol by volume (ABV).
Baijiu is a clear liquid usually distilled from fermented sorghum, although other grains may be used; southern China versions may employ glutinous rice, while northern Chinese varieties may use wheat, barley, millet, or even Job's tears instead of sorghum. The jiuqu starter culture used in the production of baijiu mash is usually made of pulverized wheat grains.
Highlights
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Baijiu market is projected to reach US$ 118200 million by 2028 from an estimated US$ 98410 million in 2022, at a CAGR of 3.1% during 2023 and 2028.
In China, Baijiu key players include Yanghe Brewery, Luzhou Laojiao, Shunxin Holdings, etc. The top three manufacturers hold a share over 3%.
South West is the largest production area, with a share about 30%, followed by East China, and Central China, both have a share over 30 percent

In terms of product, Thick-flavor is the largest segment, with a share over 50%. And in terms of application, the largest application is Family dinner, followed by Government reception, etc.

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Complete study of the global Baijiu market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global Baijiu industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on Baijiu production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.

 
Segmental Analysis

The report has classified the global Baijiu industry into segments including product type and application. Every segment is evaluated based on growth rate and share. Besides, the analysts have studied the potential regions that may prove rewarding for the Baijiu manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall Baijiu industry.

Global Baijiu Market Segment By Type:

Thick-Flavor
Sauce-Flavor
Light-Flavor
Others

Global Baijiu Market Segment By Application:

Corporate Hospitality
Government Reception
Family Dinner
Others

Competitive Landscape

It is important for every market participant to be familiar with the competitive scenario in the global Baijiu industry. In order to fulfill the requirements, the industry analysts have evaluated the strategic activities of the competitors to help the key players strengthen their foothold in the market and increase their competitiveness.

Key companies operating in the global Baijiu market include: Kweichow Moutai Group, Wuliangye, Yanghe Brewery, Daohuaxiang, Luzhou Laojiao, Langjiu Group, Gujing Group, Shunxin Holdings, Fen Chiew Group, Baiyunbian Group, Xifeng Liquor, Hetao Group, Yingjia Group, Kouzi Liquor, Guojing Group, King's Luck Brewery, Jingzhi Liquor, Red Star, Laobaigan, JNC Group, Golden Seed Winery, Yilite, Huzhu Highland Barley Liquor, Jinhui Liquor, Weiwei Group, Tuopai Shede, Xiangjiao Winery, Shanzhuang Group, Taishan Liquor, Gubeichun Group
 
Key questions answered in the report:

What is the growth potential of the Baijiu market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in the coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in the Baijiu industry in the years to come?
What are the key challenges that the global Baijiu market may face in the future?
Which are the leading companies in the global Baijiu market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain their hold in the global Baijiu market?
 
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