Baijiu Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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 2028" 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 2020 to 2028 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.
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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 2020 to 2028 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Baijiu Market - By Source
1.3.2 Baijiu Market - By Distribution Channel
1.3.3 Baijiu Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BAIJIU MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BAIJIU MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BAIJIU MARKET - GLOBAL MARKET ANALYSIS
6.1. BAIJIU - GLOBAL MARKET OVERVIEW
6.2. BAIJIU - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BAIJIU MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. RICE
7.3.1. Overview
7.3.2. Rice Market Forecast and Analysis
7.4. SORGHUM
7.4.1. Overview
7.4.2. Sorghum Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. BAIJIU MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. FOODSERVICE
8.3.1. Overview
8.3.2. Foodservice Market Forecast and Analysis
8.4. FOOD RETAIL
8.4.1. Overview
8.4.2. Food Retail Market Forecast and Analysis
9. BAIJIU MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Baijiu Market Overview
9.1.2 North America Baijiu Market Forecasts and Analysis
9.1.3 North America Baijiu Market Forecasts and Analysis - By Source
9.1.4 North America Baijiu Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Baijiu Market Forecasts and Analysis - By Countries
9.1.5.1 United States Baijiu Market
9.1.5.1.1 United States Baijiu Market by Source
9.1.5.1.2 United States Baijiu Market by Distribution Channel
9.1.5.2 Canada Baijiu Market
9.1.5.2.1 Canada Baijiu Market by Source
9.1.5.2.2 Canada Baijiu Market by Distribution Channel
9.1.5.3 Mexico Baijiu Market
9.1.5.3.1 Mexico Baijiu Market by Source
9.1.5.3.2 Mexico Baijiu Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Baijiu Market Overview
9.2.2 Europe Baijiu Market Forecasts and Analysis
9.2.3 Europe Baijiu Market Forecasts and Analysis - By Source
9.2.4 Europe Baijiu Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Baijiu Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Baijiu Market
9.2.5.1.1 Germany Baijiu Market by Source
9.2.5.1.2 Germany Baijiu Market by Distribution Channel
9.2.5.2 France Baijiu Market
9.2.5.2.1 France Baijiu Market by Source
9.2.5.2.2 France Baijiu Market by Distribution Channel
9.2.5.3 Italy Baijiu Market
9.2.5.3.1 Italy Baijiu Market by Source
9.2.5.3.2 Italy Baijiu Market by Distribution Channel
9.2.5.4 United Kingdom Baijiu Market
9.2.5.4.1 United Kingdom Baijiu Market by Source
9.2.5.4.2 United Kingdom Baijiu Market by Distribution Channel
9.2.5.5 Russia Baijiu Market
9.2.5.5.1 Russia Baijiu Market by Source
9.2.5.5.2 Russia Baijiu Market by Distribution Channel
9.2.5.6 Rest of Europe Baijiu Market
9.2.5.6.1 Rest of Europe Baijiu Market by Source
9.2.5.6.2 Rest of Europe Baijiu Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Baijiu Market Overview
9.3.2 Asia-Pacific Baijiu Market Forecasts and Analysis
9.3.3 Asia-Pacific Baijiu Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Baijiu Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Baijiu Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Baijiu Market
9.3.5.1.1 Australia Baijiu Market by Source
9.3.5.1.2 Australia Baijiu Market by Distribution Channel
9.3.5.2 China Baijiu Market
9.3.5.2.1 China Baijiu Market by Source
9.3.5.2.2 China Baijiu Market by Distribution Channel
9.3.5.3 India Baijiu Market
9.3.5.3.1 India Baijiu Market by Source
9.3.5.3.2 India Baijiu Market by Distribution Channel
9.3.5.4 Japan Baijiu Market
9.3.5.4.1 Japan Baijiu Market by Source
9.3.5.4.2 Japan Baijiu Market by Distribution Channel
9.3.5.5 South Korea Baijiu Market
9.3.5.5.1 South Korea Baijiu Market by Source
9.3.5.5.2 South Korea Baijiu Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Baijiu Market
9.3.5.6.1 Rest of Asia-Pacific Baijiu Market by Source
9.3.5.6.2 Rest of Asia-Pacific Baijiu Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Baijiu Market Overview
9.4.2 Middle East and Africa Baijiu Market Forecasts and Analysis
9.4.3 Middle East and Africa Baijiu Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Baijiu Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Baijiu Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Baijiu Market
9.4.5.1.1 South Africa Baijiu Market by Source
9.4.5.1.2 South Africa Baijiu Market by Distribution Channel
9.4.5.2 Saudi Arabia Baijiu Market
9.4.5.2.1 Saudi Arabia Baijiu Market by Source
9.4.5.2.2 Saudi Arabia Baijiu Market by Distribution Channel
9.4.5.3 U.A.E Baijiu Market
9.4.5.3.1 U.A.E Baijiu Market by Source
9.4.5.3.2 U.A.E Baijiu Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Baijiu Market
9.4.5.4.1 Rest of Middle East and Africa Baijiu Market by Source
9.4.5.4.2 Rest of Middle East and Africa Baijiu Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Baijiu Market Overview
9.5.2 South and Central America Baijiu Market Forecasts and Analysis
9.5.3 South and Central America Baijiu Market Forecasts and Analysis - By Source
9.5.4 South and Central America Baijiu Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Baijiu Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Baijiu Market
9.5.5.1.1 Brazil Baijiu Market by Source
9.5.5.1.2 Brazil Baijiu Market by Distribution Channel
9.5.5.2 Argentina Baijiu Market
9.5.5.2.1 Argentina Baijiu Market by Source
9.5.5.2.2 Argentina Baijiu Market by Distribution Channel
9.5.5.3 Rest of South and Central America Baijiu Market
9.5.5.3.1 Rest of South and Central America Baijiu Market by Source
9.5.5.3.2 Rest of South and Central America Baijiu Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BAIJIU MARKET, KEY COMPANY PROFILES
11.1. DAOHUAXIANG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FEN CHIEW GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GUJING GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HETAO GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KWEICHOW MOUTAI GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LANGJIU GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LUZHOU LAOJIAO
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHUNXIN HOLDINGS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WULIANGYE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YANGHE BREWERY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Daohuaxiang
2. Fen Chiew Group
3. Gujing Group
4. Hetao Group
5. Kweichow Moutai Group
6. Langjiu Group
7. Luzhou Laojiao
8. Shunxin Holdings
9. Wuliangye
10. Yanghe Brewery
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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