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

MARKET INTRODUCTION

Rice wine is a generic name for alcoholic beverages made from cereals, mainly rice, in East Asia. The drink is known as 'rice wine' in the West because its alcohol content is similar to that of wine. The rice wine is made from fermented glutinous rice using a process in which the yeast converts the sugars into alcohol.

MARKET DYNAMICS

The global rice wine market is witnessing a notable growth rate and is expected to continue to do during the forecast period. The development of the rice wine market can be attributed to the use of rice wine in various Asian cuisines, particularly Chinese cooking, and often incorporated into marinades and sauces to add sweetness and depth of flavor. Moreover, the growing use of rice wines for cooking purposes is further propelling its demand in the market. In addition, increased use of rice wine as a cooking ingredient in the US and European countries will drive the growth of the rice wine market during the forecast period. The changing taste preferences of consumers are evident in their willingness to try new products and flavors. In addition, consumers in the US are demanding new and innovative products, and market players are coming up with new product ideas to meet this growing demand for quality and variety. Thus all these factors are expected to increase the market for rice wine during the forecast period.

MARKET SCOPE

The "Global Rice Wine 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 Rice Wine market with detailed market segmentation by packaging type, distribution channel, and geography. The global Rice Wine market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading Rice Wine market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Rice Wine market is segmented on the basis of packaging type, and distribution channel. Based on packaging type, the global Rice Wine market is segmented into bottles and cans. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty 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 Rice Wine 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 Rice Wine 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 Rice Wine 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 Rice Wine market in these regions.

MARKET PLAYERS

The reports cover key developments in the Rice Wine 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 Rice Wine market are anticipated to lucrative growth opportunities in the future with the rising demand for Rice Wine in the global market. Below mentioned is the list of few companies engaged in the Rice Wine market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Rice Wine 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
  
•   Fenjiu Group
  
•   Dukang
  
•   Shanxi Xifeng Liquor
  
•   JNC Group
  
•   Luzhou Laojiao
  
•   ASAHISHUZO
  
•   Kokuryu
  
•   Asahi-Shuzo Sake Brewing
  
•   Dewazakura Sake Brewery Corporation
  

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.

Rice Wine Report Scope