Baijiu Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Baijiu Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : February, 2020 | Food and Beverages | PPT format

Report Digest


Global Baijiu Market: Overview

Be it in terms of taste, or be it the punch the alcohol gives to the consumer, the Chinese alcohol is gaining quite the popularity these days. Owing to this growing popularity, the global baiju market is expected to grow substantially during the anticipated time frame of 2018 to 2028. Moreover, rising consumption of this Chinese white alcohol in various formal and informal gathering is another reason that is anticipated to influence the baiju market’s growth during the projected tenure.

Furthermore, rising production of wheat and maize in countries like China, India is also expected to pace up the momentum of baijiu market globallyin the forecast period. Also, rising disposable income of people in various emerging economies is another factor influencing the acceleration in market.

A report by TMR Research, covers all the essential insights regarding various facets of the baijiu market such as notable developments, major challenges, key opportunities, and drivers for the players of global baijiu market.

Global Baijiu Market: Notable Developments and Competitive Analysis

The global baijiu market is highly competitive due to various opportunities such as high profit generation, rising demand in alcohol industry, easy production. Due to these opportunities, there is an influx of various new players in the market. As a result, the competition is foreseen to get even more intense.

To surpass this challenging scenario, the players are adopting strategic mergers and partnerships as their solution. These strategies are allowing the players to gain necessary advantage over their competitions for a sustainable future in the global baijiu market.

Although there are several players that contribute to the global baijiu market’s growth. However, the market is dominated by few prominent players. These players are acquiring shares of various other businesses present in market in order to maintain their dominance in the market. Furthermore, the players are investing a substantial amount in research and development department to produce baijiu in cost-effective and faster manner.

Global Baijiu Market: Key Drivers

Owing to the rising preference of baijiu as a party drink in various country is one of the reason that is predicted to accelerate global baijiu market’s growth during the estimated period. Moreover, the greater shelf life of the alcohol without compromising the taste is also a key factor expected to be responsible for the growing momentum of global baiju market.

Additionally, the easy production of the alcohol from ingredients such as sorghum, wheat, rice, corn, and millets is yet another factor that is contemplated to be responsible for the marketduring the projected tenure of 2018 to 2028.

Moreover, health benefits such as reduction of uric acid formation in the body that results in platelets aggregation in the body is also a major aspect that is expected to influence the growth of global baiju market during the forecast of 2018 to 2028.

Global Baiju Market: Regional Outlook

Regionally, Asia Pacific is expected to dominate the global baijiu market during the forecast. This is because, the alcohol is predominantly consumed in China, and hence various players are setting up their baiju breweries in the country. Moreover, the raw materials required to manufacture baijiu is easily available in countries like India, Thailand, and China. As a result the players can have access to the raw materials in much lesser price, this is also a constituent that attracts various players to Asia Pacific. Hence, the region is expected to experience maximum growth amongst all other region of global baijiu market over the period of 2018 to 2028.

The global baiju market is segmented on the basis of:

  • Source
    • Sorghum
    • Wheat
    • Barley
    • Corn
    • Rice
  • Flavor
    • Strong-flavor
    • Sauce-flavor
    • Light-flavor
    • Rice-flavor
    • Sesame-flavor
    • Chi-flavor
    • Others
  • Distribution Channel
    • Specialty Stores
    • Hypermarkets
    • Supermarkets
    • Online stores
    • Convenience Stores
    • Liquor Stores

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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