The China wine market is expected to grow at a CAGR of around 7.0% during 2024-2033. This report on China wine market provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the China wine market by segmenting the market based on product type, colour, distribution channel, and region. Also, detailed profiles of companies operating in the China wine market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Massive Population
• Increased discretionary income leading to a rise in young people’s alcohol use
• Increasing acceptance of alcohol in social circles has resulted in strong and consistent alcohol consumption
Market Challenges
• Increase in the production of low-grade local wine, limits the wine market.
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Product Type
• Still Wine
• Sparkling Wine
• Fortified Wine & Vermouth
Market by Colour
• Red Wine
• Rose Wine
• White Wine
Market by Distribution channel
• On-trade
• Off- trade
? Supermarkets/Hypermarkets
? Speciality store
? Online retailers
? Other distribution channels
Market by Region
• North China
• Northeast China
• East China
• Southcentral China
• Southwest China
• Northwest China