Market Overview:
The global high-end Chinese spirits market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for premium and luxury Chinese spirits across the globe. Additionally, rising disposable income of consumers and changing lifestyle are also fuelling the demand for high-end Chinese spirits. On the basis of type, sauce type segment is anticipated to hold a dominant position in terms of revenue share in 2018 and is projected to maintain its dominance throughout 2030. This can be attributed to growing preference for flavoured sauces among consumers across regions. However, luzhou type segment is expected to witness highest CAGR over the forecast period owing to increasing demand from emerging markets such as Asia Pacific and Latin America. Among applications, restaurant segment accounted for majority revenue share in 2017.
Product Definition:
There is no definitive answer to this question as the term "high-end Chinese spirits" can mean different things to different people. Generally speaking, however, high-end Chinese spirits are considered to be premium brands that offer quality and refinement above all else. They are often made from rare or expensive ingredients, and their prices reflect that.
High-end Chinese spirits play an important role in society both culturally and economically. They are often seen as symbols of luxury and status, and those who can afford them often enjoy showing them off at social gatherings. In terms of economics, high-end Chinese spirits represent a large part of the country's alcohol industry, with sales totaling billions of dollars each year.
Sauce Type:
Sauce type is a condiment or flavoring agent used in cocktails and other alcoholic beverages. The growth factor in the market for high-end Chinese spirits (HCS) is growing at a rapid rate, owing to rising demand from developed markets such as U.S., Canada, Germany and France among others.
Luzhou Type:
The Luzhou type is a high-end Chinese spirit, which is produced in the city of Luzhou (Sichuan) by using sorghum as a raw material. The production process involves distillation at an extremely low temperature of 65 to 75 degrees Celsius. It has been considered as one of the premium and most expensive types among all other spirits available in China.
Application Insights:
The global high-end Chinese spirits market has been segmented on the basis of application into restaurants, supermarkets, home and others. The restaurant segment held the largest share in 2017. This is attributed to growing demand for cocktails with unique flavors and aromas from around the world. In addition, a rising number of fine dining restaurants has also fueled product demand in this segment.
High-end products are gaining popularity among consumers as they offer enhanced taste experience along with various health benefits associated with them such as antioxidant properties that help prevent diseases related to oxidation including heart diseases, cancer and diabetes mellitus type 2 (previously known as ¢â‚¬Å“dietary induced chronic disease¢â‚¬). These factors are likely to increase product penetration over the coming years which will have a positive impact on market growth across all regions globally.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for more than 50% of the global revenue share. The region is expected to continue its dominance over the forecast period, with China being one of the key markets contributing to this growth. Increasing demand for premium Chinese spirits from other emerging economies such as India and Southeast Asia is also likely to contribute significantly toward regional high-end Chinese spirits market growth.
The growing popularity of a variety of types including Luzhou type, dry type, sweet type among others in countries like Japan has been fueling product demand in this region as well. In addition, increasing number of distilleries across China owing to easy availability raw materials coupled with favorable government policies aimed at promoting domestic production output will further fuel industry expansion over next few years.
Growth Factors:
- Increasing disposable income of high-end consumers: The growth in the number of high-end consumers is fuelling the demand for high-end spirits. This is because as their income increases, they are looking for better quality and more luxurious products.
- Growing popularity of cocktails: There has been a growing trend among millennials towards cocktails, which has led to an increase in demand for premium spirits brands that are used in cocktails.
- Rising awareness about the health benefits of alcohol: A growing number of people are becoming aware of the health benefits associated with moderate alcohol consumption, which is driving demand for premium spirits brands that offer better quality and healthier options.
- Emerging markets offering potential growth opportunities: A large number of emerging markets such as India, Brazil and Mexico offer significant potential growth opportunities for high-end Chinese spirits brands due to their large population size and rising disposable incomes levels amongst the affluent class.
Scope Of The Report
Report Attributes
Report Details
Report Title
High-End Chinese Spirits Market Research Report
By Type
Sauce Type, Luzhou Type
By Application
Restaurant, Supermarket, Home, Others
By Companies
China-Moutai, Wuliangye, LUZHOULAOJIAO, Yanghe, Langjiu, Shede, Jlc, GUJING GROUP, Kou Zi Jiu Ye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global High-End Chinese Spirits Market Report Segments:
The global High-End Chinese Spirits market is segmented on the basis of:
Types
Sauce Type, Luzhou Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Restaurant, Supermarket, Home, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- China-Moutai
- Wuliangye
- LUZHOULAOJIAO
- Yanghe
- Langjiu
- Shede
- Jlc
- GUJING GROUP
- Kou Zi Jiu Ye
Highlights of The High-End Chinese Spirits Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sauce Type
- Luzhou Type
- By Application:
- Restaurant
- Supermarket
- Home
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High-End Chinese Spirits Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High-end Chinese spirits are a type of distilled beverage made from various types of grain, including sorghum, wheat, and rye. They are often aged in oak barrels for several years before they are released to the public.
Some of the key players operating in the high-end chinese spirits market are China-Moutai, Wuliangye, LUZHOULAOJIAO, Yanghe, Langjiu, Shede, Jlc, GUJING GROUP, Kou Zi Jiu Ye.
The high-end chinese spirits market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-End Chinese Spirits Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High-End Chinese Spirits Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-End Chinese Spirits Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High-End Chinese Spirits Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High-End Chinese Spirits Market Size & Forecast, 2020-2028
4.5.1 High-End Chinese Spirits Market Size and Y-o-Y Growth
4.5.2 High-End Chinese Spirits Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sauce Type
5.2.2 Luzhou Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Restaurant
6.2.2 Supermarket
6.2.3 Home
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-End Chinese Spirits Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High-End Chinese Spirits Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sauce Type
9.6.2 Luzhou Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Restaurant
9.10.2 Supermarket
9.10.3 Home
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sauce Type
10.6.2 Luzhou Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Restaurant
10.10.2 Supermarket
10.10.3 Home
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sauce Type
11.6.2 Luzhou Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Restaurant
11.10.2 Supermarket
11.10.3 Home
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sauce Type
12.6.2 Luzhou Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Restaurant
12.10.2 Supermarket
12.10.3 Home
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sauce Type
13.6.2 Luzhou Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Restaurant
13.10.2 Supermarket
13.10.3 Home
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High-End Chinese Spirits Market: Competitive Dashboard
14.2 Global High-End Chinese Spirits Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China-Moutai
14.3.2 Wuliangye
14.3.3 LUZHOULAOJIAO
14.3.4 Yanghe
14.3.5 Langjiu
14.3.6 Shede
14.3.7 Jlc
14.3.8 GUJING GROUP
14.3.9 Kou Zi Jiu Ye
