Companiesandmarkets.com

China alcohol production market: $200.92 billion industry by 2018

Press Release   •   Aug 20, 2013 16:31 BST

Chinese people enjoy a wide range of alcoholic beverages, such as beer, rice wine and Chinese distilled alcohol. Despite consumers becoming more health conscious in recent years and more people showing a preference for lower alcohol drinks, demand for high-alcohol Chinese distilled liquor has remained strong.

Since 2005, market deregulation, product improvements and a resurgence in the popularity of Chinese alcohol have boosted revenue for the Alcohol Production industry. In the five years through 2013, industry revenue has been growing 27.2% per year on average to reach $95.6 billion. Imports and exports of Chinese alcohol products are low, and domestic demand is roughly equal to industry revenue.

ACMR-IBISWorld projects that in the next five years, industry revenue will increase at an annualized rate of 16.0% to total $200.92 billion to 2018. Growth is forecast to slow in the next five years as the industry enters a period of consolidation and consumer demand falls. External competition will become a serious challenge for the industry as increasing numbers of people under 30 choose wine, beer and soft drinks over Chinese distilled alcohol. 

For more information on the China alcohol production market, please click here: China alcohol production market

Follow us on Twitter now @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.