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.
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.
Research Methodology
The market study of the China wine market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for wine manufacturing companies, wine distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Development
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. China Wine Market by Type
5.1.1. Still Wine
5.1.2. Sparkling Wine
5.1.3. Dessert Wine
5.1.4. Fortified Wine
5.2. China Wine Market by Distribution Channel
5.2.1. Online
5.2.2. Offline
6. Company Profiles
6.1. Asahi Group Holdings, Ltd.
6.2. Bate Lu Wines, Ltd.
6.3. Carlsberg Breweries A/S
6.4. Changyu Pioneer Wine Co.
6.5. China Resources Snow Breweries
6.6. Constellation Brands, Inc.
6.7. Heineken Holding N.V.
6.8. Molson Coors Brewing Co.
6.9. SABMiller PLC
6.10. Treasury Wine Estates
1. CHINA WINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
2. CHINA WINE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2018-2025 ($ MILLION)
1. CHINA WINE MARKET SHARE BY TYPE, 2018 VS 2025 (%)
2. CHINA WINE MARKET SHARE BY DISTRIBUTION CHANNEL, 2018 VS 2025 (%)