What is Global Baijiu Market?
The Global Baijiu Market is a comprehensive study of the worldwide consumption, production, and sales of Baijiu, a traditional Chinese liquor. Baijiu, often referred to as 'white liquor', is a strong distilled spirit, typically ranging from 40-60% alcohol by volume. It is a significant part of Chinese culture and is often consumed during celebrations, business meetings, and casual gatherings. The Global Baijiu Market report provides an in-depth analysis of the market trends, growth factors, challenges, opportunities, and competitive landscape of the Baijiu industry on a global scale. The report also includes a detailed segmentation of the market based on product type, application, and geographical regions. It provides valuable insights into the market's growth prospects, key market players, and their strategies. The report aims to provide stakeholders with a detailed understanding of the market dynamics and help them make informed business decisions.
Thick-flavor, Sauce-flavor, Light-flavor, Others in the Global Baijiu Market:
The Global Baijiu Market is segmented into Thick-flavor, Sauce-flavor, Light-flavor, and Others based on the flavor profiles of Baijiu. Thick-flavor Baijiu is the most popular type, accounting for over 50% of the market share. It is characterized by its strong and complex flavor, often with a lingering aftertaste. Sauce-flavor Baijiu is known for its unique aroma, similar to soy sauce, and is often used in cooking. Light-flavor Baijiu, on the other hand, is known for its mild and refreshing taste, making it a popular choice for casual drinking. The 'Others' category includes various other types of Baijiu with distinct flavor profiles. Each type of Baijiu has its unique production process, ingredients, and aging period, contributing to their distinct flavors. The preference for different types of Baijiu varies across different regions and consumer groups, contributing to the diverse landscape of the Global Baijiu Market.
Family Dinner, Friends Gathering, Business Entertainment, Others in the Global Baijiu Market:
The Global Baijiu Market finds its usage in various areas such as Family Dinner, Friends Gathering, Business Entertainment, and Others. Baijiu is often consumed during family dinners, serving as a symbol of unity and celebration. It is also a popular choice during friends' gatherings, adding to the joy and camaraderie of the occasion. In the context of business entertainment, Baijiu plays a crucial role in facilitating business negotiations and building relationships. The 'Others' category includes various other occasions such as festivals, ceremonies, and casual drinking. The consumption pattern of Baijiu varies across different occasions, reflecting the cultural significance and versatility of this traditional Chinese liquor.
Global Baijiu Market Outlook:
The Global Baijiu Market outlook highlights that the market was valued at US$ 95210 million in 2022 and is expected to reach US$ 118200 million by 2029, growing at a CAGR of 3.1% during the forecast period 2023-2029. The market is dominated by the top three manufacturers, who collectively hold a share of over 3%. South West is the largest production area, contributing to about 30% of the total production, followed by East China and Central China, each accounting for over 30% of the production. In terms of product type, Thick-flavor Baijiu is the largest segment, holding a share of over 50%. This data provides a snapshot of the current state of the Global Baijiu Market, indicating a steady growth trend and a concentrated competitive landscape.
| Report Metric | Details |
| Report Name | Baijiu Market |
| Accounted market size in 2022 | US$ 95210 million |
| Forecasted market size in 2029 | US$ 118200 million |
| CAGR | 3.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Moutai, Wuliangye, Yanghe, Fenjiu, Luzhou Laojiao, Daohuaxiang, Langjiu Group, Gujing Group, Shunxin Holdings, Baiyunbian Group, Xifeng Liquor, Hetao Group, Yingjia Group, Kouzi Liquor, Guojing Group, King’s Luck, Jingzhi Liquor, Red Star, Laobaigan, JNC Group, Golden Seed Winery, Yilite, Huzhu Highland, Jinhui Liquor, Weiwei Group, Tuopai Shede, Xiangjiao Winery, Shanzhuang Group, Taishan Liquor, Gubeichun Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
