Chinese liquor consumption drops, producers aim to export to Europe and America.

TraderKnows
TraderKnows
06-26

In recent years, domestic Chinese liquor manufacturers have been caught in a dilemma of slowing demand. The declining enthusiasm for liquor consumption among young people has prompted these companies to look overseas.

Due to slowing domestic sales, Chinese baijiu producers are reformulating to appeal to more consumers, including cocktail enthusiasts in New York, Los Angeles, and London.

Although baijiu sales in China are still growing, the growth rate for top producers like Kweichow Moutai is far lower than in the past, as younger generations increasingly prefer other beverages.

In search of new growth opportunities, some major baijiu producers are promoting baijiu to Western consumers outside China for the first time.

However, baijiu has low recognition in the US, UK, and Europe, and many Western drinkers need to adapt to its unique taste.

Baijiu, meaning "white alcohol," typically has an alcohol content between 40% and 60%. It is usually distilled from sorghum but can also use ingredients like wheat, barley, millet, or glutinous rice.

The taste of baijiu varies by region and production method. Some people compare it to vodka, while another well-known type is likened to soy sauce.

As Chinese companies push baijiu internationally, Western beverage groups like Pernod Ricard and Diageo are entering the market of Chinese baijiu producers, especially attracting Chinese consumers in their twenties and thirties with Irish and Scottish whiskies.

SKYPE TU

公众号2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

Wiki

Investment

Investing refers to the act of allocating funds or other resources into certain assets or projects with the expectation of obtaining future returns or benefits. The primary aim of investing is usually to enhance asset value, achieve financial goals, preserve and grow value, or accomplish a specific objective.

Organization

You Missed

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Contact Us

Social Media

Region

Region

Contact