FDBusiness.com

Rising Drinking Culture Will Boost Chinese Spirits Through to 2021

 Breaking News
  • Müller to Review UK Food Service Delivery Operation A food service delivery operation supplying fresh milk and other products to 3,000 non-residential customers in England and Wales which is suffering losses of around £5 million per annum, is to be reviewed by Müller Milk & Ingredients. The company has confirmed a 45 day review and consultation, placing 250 roles at risk of redundancy. [...]...
  • Ryvita’s New Re-Launch Following a hugely successful year in 2017, healthy snacking favourite Ryvita is kicking off 2018 with not only a brand new campaign but also an exciting re-freshed look in addition a host of new and innovative products. On a mission to help women enjoy positive healthy living every day, Ryvita has teamed up with CRUK and one of the [...]...
  • Campari Group Launches New Super Premium Gin Campari Group has launched its new super-premium Italian gin, O’ndina, in the UK. The UK is the first market to roll out the product, which will later launch globally. With the launch of O’ndina, Campari Group enters the fast-growing Super Premium Gin category, with this Small Batch Italian Gin, crafted in Italy using fresh basil [...]...
  • KITKAT Ruby Arrives in the UK Nestlé UK is introducing a Ruby chocolate version of its iconic four finger KITKAT. Consumers in the UK will be the first in Europe to try a four finger KITKAT made with Ruby chocolate, a fourth chocolate after dark, milk and white. This unique KITKAT offers a new taste experience. The crispy four-finger wafer bar is [...]...
  • A Wee Dram Goes Further Than You Think Thanks to Goplasticpallets.com It’s one of the world’s favourite food exports and it’s important to keep the whisky flowing at all times. As the US writer, Mark Twain said: “Too much of anything is bad, but too much good whisky is barely enough.” That’s why The Edrington Group, the international premium spirits company, approached Goplasticpallets.com when it needed [...]...

Rising Drinking Culture Will Boost Chinese Spirits Through to 2021

Rising Drinking Culture Will Boost Chinese Spirits Through to 2021
September 28
10:08 2017

The rise of a drinking culture at Chinese social gatherings, along with increased disposable income among younger consumers, are set to drive the Chinese spirits market through a CAGR of 15% over 2016-21, says GlobalData, a recognized leader in business intelligence and analytics. According to its latest report, the market is expected to reach over $450 billion by 2021 from $205 billion in 2016.

In 2016, the Chinese spirits market held 32.8% of the global volume share and 52.3% of the Asia-Pacific regional volume share – and it is projected to reach 46.9% and 66.2% respectively by 2021. The volume of spirits consumption is expected to rise from 8.4 billion liters in 2016 to 16.9 billion liters in 2021, growing at a CAGR of 15%.

China’s younger consumer base that drink on social occasions and the country’s increasing number of female drinkers will play a key role in the years to come for the Chinese spirits market. Per capita spirits consumption in the country was pegged at 7.3 liters in 2016, nearly a full liter over the global average of 6.4 liters and 6.2 liters in the Asia-Pacific region. China’s per capita spirits consumption is set to rise to 14.4 liters by 2021, according to the report.

GlobalData analyst Ryan Whittaker says: “The country’s GDP has grown at a rate of around 7–8% in the last few years, which has increased disposable income, especially in more cosmopolitan urban areas. With more dispensable income, these Chinese consumers love to spend on social occasions, especially on drink.”

Specialty Spirits are Chinese drinkers’ favorite category compared to other sprit types; it accounted for 94.2% and 98.2% in terms of value and volume respectively in 2016. This large size is caused by the large amount of locally produced and China-specific spirits. The category, worth $193.3 billion in 2016, is set to grow further at 15.1% per year, dominating the overall spirits market to 2021. Brandy was second in the market with a 3.9% value share and a 0.9% volume share, followed by Whiskey, Vodka, Gin and Genever, Tequila and Mezcal, Liqueurs and Rum. Of these trailing category, Tequila and Mezcal demonstrates the most notable signs of potential growth ahead, according to the report.

Ryan Whittaker adds: “While the Tequila and Mezcal category is at the bottom in terms of value and volume, it will witness the fastest growth, rising at 21.6% over 2016–2021.”

In 2016, every six in ten spirits consumers were male in China. Consumption was high among consumers with tertiary education, who accounted for 75.6% of the total, followed by 17.3% consumers with post-secondary education. In terms of geography, Spirits consumption is mostly concentrated in urban China with a significant share of 97.5%.

He concludes: “Rural China’s consumption is almost negligible in all categories except Specialty Spirits. As the consumers were mostly from urban areas, hypermarkets and supermarkets emerged as the leading channel for spirits distribution in 2016, with a 54.4% share of volumes.”

Beijing Red Star Co. Ltd, Niu Lan Shan Distillery and Jiangsu Yanghe Group Co.,Ltd are the market leaders in the Spirits sector of China, according to the report.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • April 22, 2018Natural & Organic Products 
  • April 24, 2018Scandinavian Wine Expo
  • April 24, 2018Seafood Processing Global
  • April 24, 2018InterFood Krasnodar
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements