Projected incremental growth in the China spirits market is set at USD 45.2 billion, reflecting a compound annual growth rate (CAGR) of nearly 4% over the forecast period from 2024 to 2029. China’s spirits market is being driven by the rise of a younger, more affluent middle class that is increasingly willing to experiment with premium and international spirits. Whiskey, especially Scotch and bourbon, is gaining popularity among urban professionals, while baijiu, a traditional Chinese spirit, continues to dominate the market. As China becomes more integrated into global consumer culture, the demand for high-quality and luxury spirits is growing, spurred by a fascination with Western drinking traditions. Additionally, the increasing presence of Western-style bars and cocktail lounges in major cities is promoting greater spirits consumption, while the country’s expanding e-commerce market is helping spirits brands reach consumers in smaller cities.
This report provides a thorough assessment of the China spirits industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the spirits industry.
Market Segmentation
The China spirits market is categorized into the following segments:
Product type: brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, others
Distribution channel: supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
The spirits market in China is segmented based on product type and distribution channel. The market is classified by product type into brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, and others. Distribution channel segmentation includes supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
The spirits market is dominated by key players, including Yuyuan Inc., Sichuan Yibin Wuliangye Distillery Co. Ltd., Sichuan Jiannanchun Group Co. Ltd., Shaanxi Xifeng Liquor Co. Ltd., Remy Cointreau Group, Pernod Ricard Group, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Luzhou Laojiao Co. Ltd., Lang Jiu Group, Kweichow Moutai Co. Ltd., Jing Brand Co. Ltd., Jiangsu Yanghe Distillery Co. Ltd., Jiangsu King’s Luck Brewery JSC Ltd., Hunan Jiugui Liquor Co. Ltd., Hebei Hengshui Laobaigan Liquor Co. Ltd., Fenjiu Group, Diageo plc, Beijing Shunxin Agriculture Company Limited, Anhui Yingjia Distillery Co. Ltd., Anhui Kouzi Distillery Co. Ltd. and Anhui Gujing Group Co. Ltd.
This comprehensive report analyzes the performance of leading companies in the spirits sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the China spirits market.
Gain in-depth analysis and forecasts for the key segments of the China spirits market: product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the China spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the China spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.
Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
China Spirits Market – Product Type Analysis
China Spirits Market – Distribution Channel Analysis
Key Players and Market Share
– Yuyuan Inc.
– Sichuan Yibin Wuliangye Distillery Co., Ltd.
– Sichuan Jiannanchun Group Co., Ltd.
– Shaanxi Xifeng Liquor Co., Ltd.
– Remy Cointreau Group
– Pernod Ricard Group
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Luzhou Laojiao Co., Ltd.
– Lang Jiu Group
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table China Spirits Market 2019-2029
Chart China Spirits Market, Net Growth, 2019-2029
Chart China Spirits Market, Growth Rates, 2019-2029
Table China Spirits Market by Product Type, 2019-2029
Chart China Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart China Spirits Market by Product Type, 2019-2029
Table China Spirits Market by Distribution Channel, 2019-2029
Chart China Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart China Spirits Market by Distribution Channel, 2019-2029
Table China Spirits Market Share (%), by Companies, 2019-2023
Chart China Spirits Market, by Companies, 2023
Table China Spirits Market Share (%), by Brands, 2019-2023
Chart China Spirits Market, by Brands, 2023
Table China – Population (Millions) and Forecast
Table China – Consumer Price Index (CPI) and Forecast
Table China – Gross Domestic Product and Forecast
Table China Spirits Market: Spend as a Proportion of GDP (%)
Table China Spirits Market: Consumption per Capita (Population)
Companies Mentioned
Yuyuan Inc.
Sichuan Yibin Wuliangye Distillery Co., Ltd.
Sichuan Jiannanchun Group Co., Ltd.
Shaanxi Xifeng Liquor Co., Ltd.
Remy Cointreau Group
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Luzhou Laojiao Co., Ltd.
Lang Jiu Group
Kweichow Moutai Co., Ltd.
Jing Brand Co., Ltd.
Jiangsu Yanghe Distillery Co., Ltd.
Jiangsu King’s Luck Brewery JSC Ltd.
Hunan Jiugui Liquor Co., Ltd.
Hebei Hengshui Laobaigan Liquor Co., Ltd.
Fenjiu Group
Diageo plc
Beijing Shunxin Agriculture Company Limited
Anhui Yingjia Distillery Co., Ltd.
Anhui Kouzi Distillery Co., Ltd.
Anhui Gujing Group Co., Ltd.