Baijiu Market Size, Trends and Insights By Source (Sorghum, Wheat, Barley, Corn, Rice), By Flavor (Sauce-Flavor, Strong-Flavor, Light-Flavor, Rice-Flavor, Sesame-Flavor, Chi-Flavor, Others), By Application (Drinking, Culinary Use, Medicinal Use, Others), By Distributional Channel (Specialty Stores, Hypermarkets & Supermarkets, Online Stores, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI35922

Published Date: December 2023

Pages: 320+

Category: Food & Beverages

Report Snapshot

CAGR: 4.8%
321.5M
2022
336.9M
2023
513.8M
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Kweichow Moutai Co. Ltd.
  • Wuliangye Yibin Co. Ltd.
  • Jiangsu Yanghe Distillery Co. Ltd.
  • Luzhou Laojiao Co. Ltd.
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Baijiu Market is expected to record a CAGR of 4.8% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 336.9 Million. By 2032, the valuation is anticipated to reach USD 513.8 Million.

Baijiu Specifications

Specification Value
Alcohol content 40-60% ABV
Color Clear, yellow, or amber
Flavor Strong, aromatic, and complex
Aroma Floral, fruity, herbal, or spicy
Body Medium to full
Finish Long and lingering
Serving temperature Room temperature or slightly chilled
Best paired with Seafood, spicy dishes, and strong cheeses
Source: According to CMI Market Research Team Analysis

The Baijiu market is a dynamic and culturally significant sector within the beverage industry, particularly in China. Baijiu, a traditional Chinese spirit, holds deep cultural roots and plays a central role in social and ceremonial occasions. The market has seen evolving trends, from a focus on traditional craftsmanship to globalization and premiumization.

Key players, including Kweichow Moutai and Wuliangye, have embraced innovations, such as diverse flavor profiles and modern production techniques. Baijiu’s global appeal, coupled with strategic initiatives and shifting consumer preferences, positions it as a notable and growing segment in the international spirits market.

Baijiu Market – Significant Growth Factors

The Baijiu Market presents significant growth opportunities due to several factors:

  • Cultural Significance and Tradition: The deep cultural significance of Baijiu in Chinese traditions drives market demand. Its integral role in social, familial, and ceremonial settings sustains consumer interest and consumption.
  • Globalization and Export Demand: Baijiu’s increasing popularity beyond China, driven by globalization and export demand, contributes to market growth. The spirit’s recognition on the international stage expands its consumer base.
  • Premiumization and Diverse Flavor Profiles: Baijiu producers are capitalizing on the trend of premiumization, offering high-quality and aged variants. The introduction of diverse flavor profiles attracts consumers with varying taste preferences, driving product innovation.
  • Technological Advancements in Production: Modernization and technological advancements in Baijiu production techniques enhance efficiency and quality, meeting consumer expectations. Adopting contemporary methods while preserving traditional craftsmanship is a key driver for market growth.
  • Health-Conscious Offerings: The opportunity lies in developing Baijiu products that cater to health-conscious consumers. Introducing low-alcohol or lower-calorie variants and emphasizing natural ingredients aligns with evolving wellness trends.
  • Sustainability Initiatives: Baijiu producers can seize opportunities by implementing sustainable practices in production and packaging. Eco-friendly initiatives resonate with environmentally conscious consumers, contributing to positive brand perception and market differentiation.
  • Cultural Exchange and Promotion: Opportunities arise in leveraging cultural exchange programs and promotional activities to enhance Baijiu’s global image. Collaborative efforts with international partners and marketing campaigns can foster a deeper appreciation for Baijiu outside of its traditional market.

Baijiu Market – Mergers and Acquisitions

The Baijiu Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Baijiu Market include:

  • In 2020, Jiangsu Yanghe Distillery and Diageo, in a strategic joint venture, introduced Zhong Shi Ji, a groundbreaking whisky designed for the Chinese market. Meticulously crafted by master blenders and distillers from both Scotland and China, Zhong Shi Ji represents a unique fusion of expertise, bringing a distinctive whisky experience to consumers in China.
  • In 2019, Fenjiu expanded its product portfolio and market presence in the United Kingdom by launching five distinct Baijiu varieties. This includes the Qinghua Fenjiu 30 Years Old in two strengths, Zhu Ye Qing Jiu 5 Years Old, Zhu Ye Qing Jiu 30 Years Old, and Fenjiu 10 Years Old, offering a diverse range to UK consumers.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Baijiu Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Baijiu Market Dry Wine Yeast Market Coconut Syrup Market
CAGR 4.8% (Approx) CAGR 5.4% (Approx) CAGR 4.2% (Approx)
USD 513.8 Million by 2032 USD 3.1 Billion by 2032 USD 576.6 Million by 2032

Baijiu Market – Significant Threats

The Baijiu Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Regulatory Challenges and Compliance: Evolving and stringent regulations, both domestically and internationally, pose a threat to Baijiu producers. Meeting compliance standards and navigating regulatory complexities can be challenging, impacting market entry and expansion.
  • Global Economic Downturn: Economic downturns, whether globally or within specific regions, can affect consumer purchasing power. Reduced disposable income during economic crises may lead to a decline in premium Baijiu sales and overall market demand.
  • Changing Consumer Preferences: Shifts in consumer preferences, particularly towards alternative alcoholic beverages or emerging trends, pose a threat to traditional Baijiu consumption. Adapting to evolving taste preferences becomes crucial for sustained market relevance.
  • Competition from Other Spirits: Intense competition from other spirits, such as whiskey, vodka, and gin, presents a threat to Baijiu’s market share. Consumer choices influenced by international trends and preferences may divert attention from traditional Baijiu offerings.
  • Counterfeit and Imitation Products: The presence of counterfeit or imitation Baijiu products in the market poses a threat to the reputation of authentic brands. Consumers may face quality and safety concerns, impacting trust and overall market integrity. Ensuring product authenticity and combating counterfeit practices is essential for market sustainability.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 336.9 Million
Projected Market Size in 2032 USD 513.8 Million
Market Size in 2022 USD 321.5 Million
CAGR Growth Rate 4.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Source, Flavor, Application, Distributional Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Source

  • Sorghum: Sorghum, a key Baijiu source, contributes to its unique flavor. Trend-wise, there’s a resurgence in traditional Baijiu styles using sorghum, aligning with a growing interest in heritage spirits. Producers emphasize single-grain expressions, showcasing sorghum’s distinctive characteristics and elevating its presence in the Baijiu market.
  • Wheat: Wheat-based Baijiu, known for its smooth and light profile, caters to modern preferences. Trends include the introduction of wheat Baijiu cocktails, targeting younger consumers seeking versatile and approachable spirit options. The market sees a shift towards wheat-based expressions reflecting contemporary tastes.
  • Barley: Barley imparts a mellow and slightly sweet note to Baijiu. The trend involves craft Baijiu producers experimenting with barley varieties to create unique flavor profiles. Barley-based Baijiu gains traction among connoisseurs seeking nuanced and complex taste experiences, diversifying the market offerings.
  • Corn: Corn-based Baijiu, characterized by its sweetness, finds appeal in the market. Trends include the development of premium corn Baijiu expressions, positioning them as refined choices for discerning consumers. Corn Baijiu variations aim to elevate the spirit’s status and attract a broader consumer base.
  • Rice: Rice, a traditional Baijiu source, imparts a delicate and subtle character. Trends focus on premium rice Baijiu offerings, emphasizing craftsmanship and heritage. The market witnesses a resurgence of interest in classic rice-based Baijiu styles, reflecting a return to traditional production methods and flavor profiles.

Global Baijiu Market 2023–2032 (By Million)

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By Flavor

  • Sauce-Flavor: Sauce-Flavor Baijiu exhibits a rich, savory taste with complex fermented notes. Its popularity stems from its versatile and bold profile, often associated with umami, making it a preferred choice for both traditional and innovative cocktails.
  • Strong-Flavor: Strong-Flavor Baijiu is robust and intense, characterized by deep fermentation. With a potent aroma and lingering taste, it appeals to consumers valuing bold and complex spirits. The trend involves premiumization, with aged variants gaining prominence.
  • Light-Flavor: Light-Flavor Baijiu features a milder and smoother taste, making it approachable for a broader audience. The trend emphasizes a balanced profile, catering to consumers seeking a Baijiu experience with a lighter and more delicate palate.
  • Rice-Flavor: Rice-Flavor Baijiu highlights the essence of rice in its taste, offering a clean and crisp profile. The trend involves a focus on purity, showcasing the quality of rice ingredients and appealing to consumers who appreciate a straightforward and traditional Baijiu experience.
  • Sesame-Flavor: Sesame-Flavor Baijiu is characterized by nutty and aromatic notes derived from sesame seeds. The trend reflects an exploration of diverse flavor profiles, incorporating unique ingredients to create a distinct Baijiu offering with a touch of sophistication.
  • Chi-Flavor: Chi-Flavor Baijiu represents a distinctive category with a focus on medicinal herbs and spices, contributing to its complex and herbal taste. The trend involves a revival of traditional Chinese herbal infusions, aligning with wellness-conscious consumers seeking unique and functional spirits.
  • Others: The “Others” category encompasses Baijiu variants with innovative and experimental flavor profiles. Producers in this segment explore unconventional ingredients and techniques, catering to adventurous consumers who seek novel and boundary-pushing Baijiu experiences.

By Application

  • Drinking: Baijiu for drinking is a cultural and social tradition, consumed during celebrations and gatherings. The trend involves premiumization, with a focus on aged and flavored varieties. Innovative packaging and branding cater to evolving consumer preferences for diverse and sophisticated drinking experiences.
  • Culinary Use: Used in cooking, Baijiu enhances flavors in traditional dishes. The trend emphasizes Baijiu’s culinary versatility, with chefs incorporating it into recipes to impart depth and richness. Cooking with Baijiu aligns with the growing interest in gastronomic experimentation.
  • Medicinal Use: Historically associated with medicinal properties, Baijiu for medicinal use involves the belief in health benefits. The trend combines traditional Chinese medicine with Baijiu, addressing wellness-conscious consumers seeking holistic approaches to health and herbal infusions.
  • Others: The “Others” category explores unconventional applications of Baijiu, such as beauty products or Baijiu-infused products. This trend reflects creative experimentation and diversification beyond traditional applications, capturing niche markets and engaging consumers in unique and unexpected ways.

By Distribution Channel

  • Specialty Stores: Specialty stores offer a curated selection of Baijiu, providing consumers with unique and premium options. The trend involves collaborations between Baijiu brands and specialty retailers to create exclusive releases, enhancing the consumer experience and fostering a sense of discovery.
  • Hypermarkets & Supermarkets: Hypermarkets and supermarkets serve as convenient and accessible points of purchase for Baijiu. The trend includes strategic placement and promotions, capitalizing on consumer convenience and providing a diverse range of Baijiu options catering to various preferences.
  • Online Stores: Online stores offer a platform for convenient Baijiu purchases, facilitating direct-to-consumer sales. The trend involves digital marketing strategies, virtual tastings, and personalized recommendations, enhancing the online shopping experience and reaching a global consumer base.
  • Others: The “Others” category encompasses diverse distribution channels, such as duty-free shops and traditional markets. Trends involve regional variations in distribution strategies, adapting to local consumer behaviors, and exploring unconventional retail partnerships to expand Baijiu market reach.

Global Baijiu Market 2023–2032 (By Application)

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Baijiu Market – Regional Analysis

The Baijiu Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, Baijiu is witnessing a trend of cultural fusion mixology. Bartenders and mixologists are incorporating Baijiu into innovative cocktails, bridging traditional Chinese spirits with Western flavors. The trend caters to a diverse consumer palate, promoting Baijiu’s versatility in the evolving North American cocktail scene.
  • Europe: In Europe, there is a growing trend of Baijiu appreciation events and tastings. Baijiu brands and enthusiasts are organizing events to educate consumers about the spirit’s rich cultural heritage and diverse flavors. The trend fosters a deeper understanding of Baijiu, cultivating a niche market for connoisseurs.
  • Asia-Pacific: In the Asia-Pacific region, the trend revolves around Baijiu’s premiumization. Consumers are increasingly inclined toward aged and high-end Baijiu varieties, appreciating the craftsmanship and intricate flavors. This premiumization aligns with the rising middle class and evolving tastes, contributing to Baijiu’s elevated status in the regional spirits market.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA showcases a trend of Baijiu’s integration into luxury hospitality. Upscale restaurants and hotels are featuring Baijiu in their offerings, presenting it as a sophisticated and unique beverage. The trend reflects the global appeal of Baijiu as a premium choice in the hospitality sector within the LAMEA region.

Global Baijiu Market 2023–2032 (By Source)

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Competitive Landscape – Baijiu Market

The Baijiu Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Kweichow Moutai Co. Ltd.
  • Wuliangye Yibin Co. Ltd.
  • Jiangsu Yanghe Distillery Co. Ltd.
  • Luzhou Laojiao Co. Ltd.
  • Guizhou Guotai Junhao Group Co. Ltd.
  • Shanxi Xinghuacun Fen Wine Factory Co. Ltd.
  • Anhui Gujing Group Co. Ltd.
  • Jiugui Liquor Co. Ltd.
  • Sichuan Langjiu Group Co. Ltd.
  • Shanxi Xifeng Liquor Co. Ltd.
  • Jiangsu King’s Luck Brewery Joint-Stock Co. Ltd.
  • Ningxia Tianyuan Manganese Industry Group Co. Ltd.
  • Shandong Dong-E E-Jiao Co. Ltd.
  • Xiamen Yuetai Group Co. Ltd.
  • Hebei Hengshui Laobaigan Liquor Co. Ltd.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Several new players have entered the Baijiu Market with innovative approaches and developments. These new entrants leverage advanced technologies, such as virtual and augmented reality, to enhance attendee experiences and offer unique event solutions. They also focus on sustainability, incorporating eco-friendly practices and promoting socially responsible events.

However, the Baijiu Market is primarily dominated by key players with established market presence and extensive resources. These dominant players have a wide network, strong industry partnerships, and a proven track record of successful event management. Their market dominance is reinforced by their ability to deliver comprehensive event solutions, attract top clients, and provide end-to-end event planning and execution services.

The Baijiu Market is segmented as follows:

By Source

  • Sorghum
  • Wheat
  • Barley
  • Corn
  • Rice

By Flavor

  • Sauce-Flavor
  • Strong-Flavor
  • Light-Flavor
  • Rice-Flavor
  • Sesame-Flavor
  • Chi-Flavor
  • Others

By Application

  • Drinking
  • Culinary Use
  • Medicinal Use
  • Others

By Distributional Channel

  • Specialty Stores
  • Hypermarkets & Supermarkets
  • Online Stores
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Baijiu Market, (2023 – 2032) (USD Million)
    • 2.2 Global Baijiu Market: snapshot
  • Chapter 3. Global Baijiu Market – Industry Analysis
    • 3.1 Baijiu Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Cultural Significance and Tradition
      • 3.2.2 Globalization and Export Demand
      • 3.2.3 Premiumization and Diverse Flavor Profiles
      • 3.2.4 Technological Advancements in Production
      • 3.2.5 Health-Conscious Offerings
      • 3.2.6 Sustainability Initiatives
      • 3.2.7 Cultural Exchange and Promotion.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Source
      • 3.7.2 Market Attractiveness Analysis By Flavor
      • 3.7.3 Market Attractiveness Analysis By Application
      • 3.7.4 Market Attractiveness Analysis By Distributional Channel
  • Chapter 4. Global Baijiu Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Baijiu Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Baijiu Market – Source Analysis
    • 5.1 Global Baijiu Market Overview: By Source
      • 5.1.1 Global Baijiu Market Share, By Source, 2022 and 2032
    • 5.2 Sorghum
      • 5.2.1 Global Baijiu Market by Sorghum, 2023 – 2032 (USD Million)
    • 5.3 Wheat
      • 5.3.1 Global Baijiu Market by Wheat, 2023 – 2032 (USD Million)
    • 5.4 Barley
      • 5.4.1 Global Baijiu Market by Barley, 2023 – 2032 (USD Million)
    • 5.5 Corn
      • 5.5.1 Global Baijiu Market by Corn, 2023 – 2032 (USD Million)
    • 5.6 Rice
      • 5.6.1 Global Baijiu Market by Rice, 2023 – 2032 (USD Million)
  • Chapter 6. Global Baijiu Market – Flavor Analysis
    • 6.1 Global Baijiu Market Overview: By Flavor
      • 6.1.1 Global Baijiu Market Share, By Flavor , 2022 and 2032
    • 6.2 Sauce-Flavor
      • 6.2.1 Global Baijiu Market by Sauce-Flavor, 2023 – 2032 (USD Million)
    • 6.3 Strong-Flavor
      • 6.3.1 Global Baijiu Market by Strong-Flavor, 2023 – 2032 (USD Million)
    • 6.4 Light-Flavor
      • 6.4.1 Global Baijiu Market by Light-Flavor, 2023 – 2032 (USD Million)
    • 6.5 Rice-Flavor
      • 6.5.1 Global Baijiu Market by Rice-Flavor, 2023 – 2032 (USD Million)
    • 6.6 Sesame-Flavor
      • 6.6.1 Global Baijiu Market by Sesame-Flavor, 2023 – 2032 (USD Million)
    • 6.7 Chi-Flavor
      • 6.7.1 Global Baijiu Market by Chi-Flavor, 2023 – 2032 (USD Million)
    • 6.8 Others
      • 6.8.1 Global Baijiu Market by Others, 2023 – 2032 (USD Million)
  • Chapter 7. Global Baijiu Market – Application Analysis
    • 7.1 Global Baijiu Market Overview: By Application
      • 7.1.1 Global Baijiu Market Share, By Application, 2022 and 2032
    • 7.2 Drinking
      • 7.2.1 Global Baijiu Market by Drinking, 2023 – 2032 (USD Million)
    • 7.3 Culinary Use
      • 7.3.1 Global Baijiu Market by Culinary Use, 2023 – 2032 (USD Million)
    • 7.4 Medicinal Use
      • 7.4.1 Global Baijiu Market by Medicinal Use, 2023 – 2032 (USD Million)
    • 7.5 Others
      • 7.5.1 Global Baijiu Market by Others, 2023 – 2032 (USD Million)
  • Chapter 8. Global Baijiu Market – Distributional Channel Analysis
    • 8.1 Global Baijiu Market Overview: By Distributional Channel
      • 8.1.1 Global Baijiu Market Share, By Distributional Channel, 2022 and 2032
    • 8.2 Specialty Stores
      • 8.2.1 Global Baijiu Market by Specialty Stores, 2023 – 2032 (USD Million)
    • 8.3 Hypermarkets & Supermarkets
      • 8.3.1 Global Baijiu Market by Hypermarkets & Supermarkets, 2023 – 2032 (USD Million)
    • 8.4 Online Stores
      • 8.4.1 Global Baijiu Market by Online Stores, 2023 – 2032 (USD Million)
    • 8.5 Others
      • 8.5.1 Global Baijiu Market by Others, 2023 – 2032 (USD Million)
  • Chapter 9. Baijiu Market – Regional Analysis
    • 9.1 Global Baijiu Market Regional Overview
    • 9.2 Global Baijiu Market Share, by Region, 2022 & 2032 (USD Million)
    • 9.3. North America
      • 9.3.1 North America Baijiu Market, 2023 – 2032 (USD Million)
        • 9.3.1.1 North America Baijiu Market, by Country, 2023 – 2032 (USD Million)
    • 9.4 North America Baijiu Market, by Source, 2023 – 2032
      • 9.4.1 North America Baijiu Market, by Source, 2023 – 2032 (USD Million)
    • 9.5 North America Baijiu Market, by Flavor, 2023 – 2032
      • 9.5.1 North America Baijiu Market, by Flavor, 2023 – 2032 (USD Million)
    • 9.6 North America Baijiu Market, by Application, 2023 – 2032
      • 9.6.1 North America Baijiu Market, by Application, 2023 – 2032 (USD Million)
    • 9.7 North America Baijiu Market, by Distributional Channel, 2023 – 2032
      • 9.7.1 North America Baijiu Market, by Distributional Channel, 2023 – 2032 (USD Million)
    • 9.8. Europe
      • 9.8.1 Europe Baijiu Market, 2023 – 2032 (USD Million)
        • 9.8.1.1 Europe Baijiu Market, by Country, 2023 – 2032 (USD Million)
    • 9.9 Europe Baijiu Market, by Source, 2023 – 2032
      • 9.9.1 Europe Baijiu Market, by Source, 2023 – 2032 (USD Million)
    • 9.10 Europe Baijiu Market, by Flavor, 2023 – 2032
      • 9.10.1 Europe Baijiu Market, by Flavor, 2023 – 2032 (USD Million)
    • 9.11 Europe Baijiu Market, by Application, 2023 – 2032
      • 9.11.1 Europe Baijiu Market, by Application, 2023 – 2032 (USD Million)
    • 9.12 Europe Baijiu Market, by Distributional Channel, 2023 – 2032
      • 9.12.1 Europe Baijiu Market, by Distributional Channel, 2023 – 2032 (USD Million)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Baijiu Market, 2023 – 2032 (USD Million)
        • 9.13.1.1 Asia Pacific Baijiu Market, by Country, 2023 – 2032 (USD Million)
    • 9.14 Asia Pacific Baijiu Market, by Source, 2023 – 2032
      • 9.14.1 Asia Pacific Baijiu Market, by Source, 2023 – 2032 (USD Million)
    • 9.15 Asia Pacific Baijiu Market, by Flavor, 2023 – 2032
      • 9.15.1 Asia Pacific Baijiu Market, by Flavor, 2023 – 2032 (USD Million)
    • 9.16 Asia Pacific Baijiu Market, by Application, 2023 – 2032
      • 9.16.1 Asia Pacific Baijiu Market, by Application, 2023 – 2032 (USD Million)
    • 9.17 Asia Pacific Baijiu Market, by Distributional Channel, 2023 – 2032
      • 9.17.1 Asia Pacific Baijiu Market, by Distributional Channel, 2023 – 2032 (USD Million)
    • 9.18. Latin America
      • 9.18.1 Latin America Baijiu Market, 2023 – 2032 (USD Million)
        • 9.18.1.1 Latin America Baijiu Market, by Country, 2023 – 2032 (USD Million)
    • 9.19 Latin America Baijiu Market, by Source, 2023 – 2032
      • 9.19.1 Latin America Baijiu Market, by Source, 2023 – 2032 (USD Million)
    • 9.20 Latin America Baijiu Market, by Flavor, 2023 – 2032
      • 9.20.1 Latin America Baijiu Market, by Flavor, 2023 – 2032 (USD Million)
    • 9.21 Latin America Baijiu Market, by Application, 2023 – 2032
      • 9.21.1 Latin America Baijiu Market, by Application, 2023 – 2032 (USD Million)
    • 9.22 Latin America Baijiu Market, by Distributional Channel, 2023 – 2032
      • 9.22.1 Latin America Baijiu Market, by Distributional Channel, 2023 – 2032 (USD Million)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Baijiu Market, 2023 – 2032 (USD Million)
        • 9.23.1.1 The Middle-East and Africa Baijiu Market, by Country, 2023 – 2032 (USD Million)
    • 9.24 The Middle-East and Africa Baijiu Market, by Source, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Baijiu Market, by Source, 2023 – 2032 (USD Million)
    • 9.25 The Middle-East and Africa Baijiu Market, by Flavor, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Baijiu Market, by Flavor, 2023 – 2032 (USD Million)
    • 9.26 The Middle-East and Africa Baijiu Market, by Application, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Baijiu Market, by Application, 2023 – 2032 (USD Million)
    • 9.27 The Middle-East and Africa Baijiu Market, by Distributional Channel, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Baijiu Market, by Distributional Channel, 2023 – 2032 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 Kweichow Moutai Co. Ltd.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Wuliangye Yibin Co. Ltd.
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Jiangsu Yanghe Distillery Co. Ltd.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Luzhou Laojiao Co. Ltd.
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Guizhou Guotai Junhao Group Co. Ltd.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Shanxi Xinghuacun Fen Wine Factory Co. Ltd.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Anhui Gujing Group Co. Ltd.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Jiugui Liquor Co. Ltd.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Sichuan Langjiu Group Co. Ltd.
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Shanxi Xifeng Liquor Co. Ltd.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Jiangsu King’s Luck Brewery Joint-Stock Co. Ltd.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Ningxia Tianyuan Manganese Industry Group Co. Ltd.
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Shandong Dong-E E-Jiao Co. Ltd.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Xiamen Yuetai Group Co. Ltd.
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Hebei Hengshui Laobaigan Liquor Co. Ltd.
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 38

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Kweichow Moutai Co. Ltd.
  • Wuliangye Yibin Co. Ltd.
  • Jiangsu Yanghe Distillery Co. Ltd.
  • Luzhou Laojiao Co. Ltd.
  • Guizhou Guotai Junhao Group Co. Ltd.
  • Shanxi Xinghuacun Fen Wine Factory Co. Ltd.
  • Anhui Gujing Group Co. Ltd.
  • Jiugui Liquor Co. Ltd.
  • Sichuan Langjiu Group Co. Ltd.
  • Shanxi Xifeng Liquor Co. Ltd.
  • Jiangsu King’s Luck Brewery Joint-Stock Co. Ltd.
  • Ningxia Tianyuan Manganese Industry Group Co. Ltd.
  • Shandong Dong-E E-Jiao Co. Ltd.
  • Xiamen Yuetai Group Co. Ltd.
  • Hebei Hengshui Laobaigan Liquor Co. Ltd.
  • Others

FAQs

The key players operating in the Baijiu Market are Kweichow Moutai Co. Ltd., Wuliangye Yibin Co. Ltd., Jiangsu Yanghe Distillery Co. Ltd., Luzhou Laojiao Co. Ltd., Guizhou Guotai Junhao Group Co. Ltd., Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Anhui Gujing Group Co. Ltd., Jiugui Liquor Co. Ltd., Sichuan Langjiu Group Co. Ltd., Shanxi Xifeng Liquor Co. Ltd., Jiangsu King’s Luck Brewery Joint-Stock Co. Ltd., Ningxia Tianyuan Manganese Industry Group Co. Ltd., Shandong Dong-E E-Jiao Co. Ltd., Xiamen Yuetai Group Co. Ltd., Hebei Hengshui Laobaigan Liquor Co. Ltd., Others.

The “Wheat” category dominated the market in 2022.

The key players in the market are Kweichow Moutai Co. Ltd., Wuliangye Yibin Co. Ltd., Jiangsu Yanghe Distillery Co. Ltd., Luzhou Laojiao Co. Ltd., Guizhou Guotai Junhao Group Co. Ltd., Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Anhui Gujing Group Co. Ltd., Jiugui Liquor Co. Ltd., Sichuan Langjiu Group Co. Ltd., Shanxi Xifeng Liquor Co. Ltd., Jiangsu King’s Luck Brewery Joint-Stock Co. Ltd., Ningxia Tianyuan Manganese Industry Group Co. Ltd., Shandong Dong-E E-Jiao Co. Ltd., Xiamen Yuetai Group Co. Ltd., Hebei Hengshui Laobaigan Liquor Co. Ltd., Others.

“Asia-Pacific” had the largest share in the Baijiu Market.

The global market is projected to grow at a CAGR of 4.8% during the forecast period, 2023-2032.

The Baijiu Market size was valued at USD 336.9 Million in 2023.

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