PUBLISHER: Allied Market Research | PRODUCT CODE: 1641729
PUBLISHER: Allied Market Research | PRODUCT CODE: 1641729
Kaoliang Wine Market
The Kaoliang wine market was valued at $3.1 billion in 2023 and is projected to reach $4.5 billion by 2034, growing at a CAGR of 3.7% from 2024 to 2034.
Kaoliang wine is a traditional liquor of China made from sorghum grains and is popular for its distinctive flavor, potency, & cultural significance. Along with China, this liquor is a staple beverage in Taiwan. Its production involves fermentation, distillation, & aging and the duration of each process significantly affects the taste & smoothness of the final product. As it ages, Kaoliang wine develops a smooth & refined flavor profile with subtle fruity or herbal notes.
Increase in inclination toward locally made, traditional beverages has boosted the popularity of Kaoliang wine, thereby driving the growth of the market. In addition, surge in tourism in China and rise in the appeal of wine-tasting events are fueling the recognition of Kaoliang wine, which augments the development of the market. To enhance its prominence and attract affluent customers, the premiumization of Kaoliang wine is currently trending. Manufacturers are focusing on offering limited editions with exquisite flavor notes, creating an aura of exclusivity around the product.
However, increase in stringency around the liquor trade such as high import taxes and specific certification requirements enhances the complexity across global distribution, hampering the development of the market. Moreover, Kaoliang wine faces stringent competition from other liquor forms such as rum and whiskey, which results in restrained market growth. On the contrary, surge in focus on sustainability in the ingredient sourcing and wine production processes is projected to open new avenues for the Kaoliang wine market. For instance, in a survey conducted by WineTourism.com-a Spain-based online booking platform-approximately 87% of the participants believed that sustainable practices are a key factor in promoting wine tourism.
Segment Review
The Kaoliang wine market is segmented into product type, alcohol content, aging process, distribution channel, and region. On the basis of product type, the market is divided into traditional Kaoliang wine, modern Kaoliang wine, and flavored Kaoliang wine. Depending on alcohol content, it is classified into low (below 30%), medium (30-50%), and high (above 50%). According to aging process, it is categorized into pit storage aged, clay pot aged, wood barrel aged, and stainless steel aged. As per distribution channel, it is segregated into traditional wine shops, supermarkets/hypermarkets, online retailers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of product type, the traditional Kaoliang wine segment held the highest market share in 2023.
Depending on alcohol content, the medium (30-50%) segment acquired a notable stake in the market in 2023.
According to aging process, the clay pot aged segment dominated the market in 2023.
As per distribution channel, the supermarkets/hypermarkets segment accounted for a significant market share in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition Analysis
The major players in the global Kaoliang wine market include Kweichow Moutai Co., Ltd., Wuliangye Yibin Co., Ltd., Ningxia Yanghe Brewery Group, Shanxi Xinghuacun Fen Wine Factory, Luzhou Laojiao Co., Ltd., Taiwan Tobacco and Liquor Corporation, Xuzhou Yanghe Brewery, Beijing Shunxin Agriculture Co., Ltd., Gujing Group, and Anhui Hengshan Yaojiu Group. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
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