The Continuing Growth Story of Chinese Rice Wine Market

The Chinese Rice Wine Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Soeos (united states), Kayco (united states), Guangdong prb bio-tech co.,ltd. (China), Beijing shipuller co., ltd. (China), Qufu confucius family liquor brewing co., ltd. (China), Conghua shunchangyuan winery (China), Dynasty wines (hong kong), Zhejiang orient shaoxing wine co., ltd. (China), Ningbo zheng wanli wine-making co.,ltd (China), Shaanxi nuoruite (China), Fortune woodenwares manufacturing co., ltd. (China), Taian lucheng industry co.,ltd. (China).

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According to HTF Market Intelligence, the Global Chinese Rice Wine market to witness a CAGR of % during forecast period of 2023-2029. The market is segmented by Application (Cooking, Beverage) by Type (Shaoxing Wine, Mijiu, Japanese Mirin, Jiuniang, Others) by End-User (Residential, Commercial) and by Sales Channel (Online, Offline).

Definition:
Chinese rice wine, also known as mijiu, is a traditional alcoholic beverage made from fermented rice. It is a staple drink in many parts of China and is often used in cooking as well.The process of making Chinese rice wine involves steaming glutinous rice, then mixing it with yeast and water to create a mash. The mash is then fermented for several days to several months, depending on the desired flavor and alcohol content. After fermentation, the liquid is strained and bottled. The resulting rice wine has a pale yellow color, a sweet aroma, and a mild, slightly sweet taste. The alcohol content of Chinese rice wine can vary widely, from around 5% to as high as 20%.There are many different types of Chinese rice wine, including Shaoxing rice wine, which is a popular variety made in the Shaoxing region of eastern China. Other types of rice wine may be flavored with herbs, fruits, or other ingredients to create unique flavors and aromas.

Market Drivers:
• Growing awareness about the health benefit, Increasing demand from restaurants

Market Opportunities:
• expansion into the international market, premiumization, and online sales

Chinese Rice Wine Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

Players Included in Research Coverage: Soeos (united states), Kayco (united states), Guangdong prb bio-tech co.,ltd. (China), Beijing shipuller co., ltd. (China), Qufu confucius family liquor brewing co., ltd. (China), Conghua shunchangyuan winery (China), Dynasty wines (hong kong), Zhejiang orient shaoxing wine co., ltd. (China), Ningbo zheng wanli wine-making co.,ltd (China), Shaanxi nuoruite (China), Fortune woodenwares manufacturing co., ltd. (China), Taian lucheng industry co.,ltd. (China).

Additionally, Past Chinese Rice Wine Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Chinese Rice Wine market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.

Chinese Rice Wine Product Types In-Depth: Shaoxing Wine, Mijiu, Japanese Mirin, Jiuniang, Others

Chinese Rice Wine Major Applications/End users: Cooking, Beverage

Chinese Rice Wine Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).

- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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