Baijiu Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Baijiu is an alcoholic beverage distilled from China. The name baijiu means "white spirits," "white spirits," or "white spirits." Baijiu is a category of drinks that encompasses all traditional Chinese grain spirits. Baijiu is most commonly distilled from sorghum and made from rice, wheat, maize, and millet.

MARKET DYNAMICS

The global baijiu market is experiencing a significant growth rate and is expected to continue to grow during the forecast year. The expansion and development of the market can be attributed to the growing millennial population across the developing regions. Further, the number of consumers over the age of 18 is increasing, forming a considerable segment of the consumer, which is boosting its market growth. Moreover, the increasing export of baijiu from china to other regions such as the US and European countries will propel the market growth during the forecast period. However, the lack of availability of baijiu across few developing countries is hampering the market growth. The market is expected to turn up lucrative due to the rising demand for baijiu around the world, as it is the world's most consumed and best-selling spirit.

MARKET SCOPE

The "Global Baijiu Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Baijiu market with detailed market segmentation by source distribution channel, and geography. The global Baijiu market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading Baijiu market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Baijiu market is segmented on the basis of source and distribution channel. Based on source, the global Baijiu market is segmented into rice, sorghum, and others. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Baijiu market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Baijiu market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Baijiu market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Baijiu market in these regions.

MARKET PLAYERS

The reports cover key developments in the Baijiu market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Baijiu market are anticipated to lucrative growth opportunities in the future with the rising demand for Baijiu in the global market. Below mentioned is the list of few companies engaged in the Baijiu market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Baijiu market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Kweichow Moutai Group
  
•   Wuliangye
  
•   Yanghe Brewery
  
•   Daohuaxiang
  
•   Luzhou Laojiao
  
•   Langjiu Group
  
•   Gujing Group
  
•   Shunxin Holdings
  
•   Fen Chiew Group
  
•   Hetao Group
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Baijiu Report Scope