https://daxueconsulting.com/beverage-market-in-china-drink/ Strategic market research and consulting in China Fri, 26 Apr 2019 09:49:14 +0000 hourly 1 https://wordpress.org/?v=5.4.2 https://daxueconsulting.com/beverage-market-in-china-drink/#comment-53566 Thu, 18 Feb 2016 06:47:39 +0000 http://daxueconsulting.com/?p=18050#comment-53566 […] The Chinese consumers own a wide range of alcoholic beverages such as rice wine, beer and Chinese distilled alcohol. Even if the consumers become increasingly aware of their health in recent years and many people who show a preference for drinks with low alcohol content, the demand for a high level of Chinese distilled alcohol remains high. Since 2005, product improvement, market deregulation and a resurgence in popularity of Chinese alcohol boosted revenue for the alcohol production industry. in 2015, industry revenue is expected to grow by 14.9% per year on average to $ 95.7 billion. Imports and exports of Chinese alcohol products are declining, and domestic demand is approximately equal to the turnover of the industry. The alcohol industry is producing at the end of their life cycle of growth. However, the increased demand for industry products resulted in strong growth since 2005. From 2013 to 2014, this industry has experienced a number of adjustment, which should continue in 2016. The growth of this industry remained at a low level in the period. the added value of the industry grew at an annualized rate of 9.2% in the 10 years to 2020, higher than the annual rate of growth of China’s GDP (6.5%). […]

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