
Global Baijiu Market Size, Share & Trends Analysis Report, Forecast Period, 2024-2030
Report ID: MS-760 | Food and Beverages | Last updated: Apr, 2025 | Formats*:

Baijiu Report Highlights
Report Metrics | Details |
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Forecast period | 2019-2030 |
Base Year Of Estimation | 2024 |
Growth Rate | CAGR of 3.8% |
Forecast Value (2030) | USD 120.3 Billion |
By Product Type | Light Aroma, Strong Aroma, Sauce Aroma, Others |
Key Market Players |
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By Region |
Baijiu Market Trends
To begin with, there is a significant premiumisation trend where consumers, especially the expanding middle class in China, are increasingly choosing better-quality and premium Baijiu brands. This is propelling value growth even though volume growth is sluggish. Consumers are viewing premium Baijiu as a symbol of status and are ready to pay a premium for brands with heritage and quality craftsmanship. Secondly, there is a clear attempt to target young generations. Historically, Baijiu has been thought of as older generations' and traditional events' drink. But now brands are experimenting with reduced alcohol content products, trendy packaging, and even crossovers with other industries (such as Moutai's ice cream and coffee business) to make Baijiu more accessible to young customers and bring it into more relaxed environments, such as the nascent cocktail culture both within and outside China.Baijiu Market Leading Players
The key players profiled in the report are Shandong Yipin Liquor Co., Ltd., Henan Jiujiu Jiu Distillery Co., Ltd., Gujing Group, Yanghe Brewery Joint-Stock Co., Ltd., Shanxi Xifeng Liquor Co., Ltd., Jiangsu Shuanggou Distillery Co., Ltd., Kweichow Moutai Co., Ltd., Shandong Jingzhi Liquor Co., Ltd., Anhui Yingjia Distillery Co., Ltd., Hunan Xiangjiao Wine Co., Ltd., Wuliangye Yibin Co., Ltd., Sichuan Langjiu Group Co., Ltd., Jiangsu King's Luck Brewery Joint-Stock Co., Ltd., Luzhou Laojiao Co., Ltd., Hubei Baiyunbian Group Co., Ltd., Shanxi Xinghuacun Fen Wine Factory Co., Ltd., Guizhou Xijiu Co., Ltd., Sichuan Tuopai Shede Group Co., Ltd.Growth Accelerators
The growth of the Baijiu market is largely driven by its strong cultural heritage in China, where it's a key part of social gatherings, gifts, and classic celebrations to guarantee steady domestic demand. Growing disposable incomes in Chinese consumers also serve as an important driver, with increased readiness to spend money on premium and better-quality Baijiu as a status symbol and for their own consumption. In addition, the growing emphasis on health and wellness is ironically fuelling demand for premium Baijiu, as some consumers view it as being of better quality and possibly less dangerous than lower-quality options, resulting in a desire to "drink well, not merely drink much". Aside from local reasons, the trend of globalisation and growing efforts from Baijiu manufacturers to gain traction in foreign markets are surfacing as key drivers of expansion. The rising curiosity in tasting unique and offbeat spirits globally, combined with the expanding global reach of Chinese culture, is opening up new doors for Baijiu.Baijiu Market Segmentation analysis
The Global Baijiu is segmented by Type, and Region. By Type, the market is divided into Distributed Light Aroma, Strong Aroma, Sauce Aroma, Others . Geographically, the market is assessed across key Regions like {regionNms} and others, each presenting distinct growth opportunities and challenges influenced by the regions.Competitive Landscape
The Baijiu market's competitive environment is distinctive and primarily focused within China, with a high level of fragmentation in spite of the prevalence of a small number of key players. These top players, including Kweichow Moutai and Wuliangye, enjoy strong market share through strong brand reputation, established distribution channels, and premium positioning of products, frequently associated with cultural heritage and prestige. Yet, however, many smaller regional distilleries also thrive, each having their own unique production techniques, flavour profiles, and dedicated local consumer markets, adding to the richness and sophistication of the market. As the market increasingly turns towards internationalisation, competition is also arising in developing Baijiu to suit global tastes and traversing varied regulatory landscapes. Tactics for achieving a competitive advantage include product innovation (e.g., lower-proof Baijiu, flavoured Baijiu), the use of e-commerce and digital marketing to appeal to younger consumers, and strategic alliances to create brand recognition and distribution in overseas markets.Challenges In Baijiu Market
The Baijiu market is beset with serious challenges, such as supply chain breakdowns, volatile raw material prices, and adhering to strict food safety and labelling rules. Tariffs, geopolitical tensions, and inflation in major markets complicate these issues further, raising input prices and squeezing profit margins. The market is also struggling with declining sales in its main market, China, attributable to stricter regulations from the government, shifting consumers' tastes, and the effects of COVID-19. These have specifically hit the low-end Baijiu segment, which is experiencing quick drops as customers move to superior products. The other significant challenge is the ageing demographic of Baijiu's primary consumer group, mostly men over 40, which reinforces its "old-fashioned" reputation in the eyes of younger consumers. Initiatives to attract Millennials and Gen Z by means of creative branding and premiumisation are underway but compete with other spirits categories. The ultra-premium Baijiu category is developing steadily despite these obstacles, stimulated by increasing incomes and consumer desire for luxury items.Risks & Prospects in Baijiu Market
Manufacturers are riding waves of various flavour profiles, production technology developments, and sustainability efforts to gain a wider consumer pool. The Asia-Pacific region is the most rapidly growing because of Baijiu's cultural significance and strong domestic consumption, while Europe is the largest in terms of market share owing to expanding export operations. Strategic partnerships and focused marketing programmes are making Baijiu more attractive globally. Regional analysis points out that China has a stronghold in the market, driven by its classic consumption during ceremonies and festivities. Baijiu's popularity is on the rise in Western markets because of globalisation and interest in Chinese culture. Raw material price fluctuations, tough regulation, and supply chain disruptions are still issues but are countered by digitalisation initiatives and effective procurement strategies. Major players such as Kweichow Moutai and Wuliangye are concentrating on innovation in flavour profiles and sustainable business models, making Baijiu a credible competitor in the global spirit’s market.Key Target Audience
, The principal target market for the Baijiu market mainly consists of Chinese traditional consumers, particularly middle-aged and elderly adults who appreciate Baijiu for its cultural connotation and its use in social rituals, business banquets, and family reunions. The group enjoys Baijiu as a symbol of heritage and prestige and tends to favour premium and well-established brands for gifting and formal use. China's domestic market remains dominant, with high loyalty from consumers who know its unique taste and ceremonial uses., A secondary audience is increasingly made up of younger consumers and international drinkers who are looking for distinctive, exotic spirits. With increasing global interest in Asian culture and craft spirits, Baijiu is also gaining popularity in high-end bars, speciality liquor shops, and global markets, especially in North America and Europe. This segment is attracted to limited releases, contemporary branding, and blending cocktails that present Baijiu in more familiar forms. Campaigns to rebrand Baijiu with a contemporary spin are assisting in the appeal to adventurous millennials and international spirits enthusiasts seeking to discover exciting new tastes.Merger and acquisition
The Baijiu industry has seen significant merger and acquisition activities in recent times, both as an indicator of local growth and overseas interest. Ascent Bridge Limited from Singapore in December 2023 signed a non-binding letter of intent to acquire a Chinese Baijiu company from Dong Ying Quan Li Quan Wai International Trading Co Ltd. The deal, worth as much as SGD 7 million, is intended to form a joint venture, Ascent Bridge (Hainan) Co Ltd, to enable Ascent Bridge to enter the Chinese Baijiu market. Ascent Bridge Limited and its subsidiary will, under this deal, buy a combined 51% interest in the Baijiu business, while Dong Ying Quan Li Quan Wai will keep global distribution rights for the product. Another notable development was in 2021 when PHI Group entered into a memorandum of understanding to purchase a 70% equity interest in Five Grain Treasure Spirits Co., Ltd., a Baijiu distiller with more than a century of heritage in Jilin Province, China. The deal, priced at USD 100 million, involves expansion of production capacity and the creation of proprietary manufacturing techniques. Five-Grain's target is to achieve an annual output of 200 million litres of bulk spirits, producing and supplying leading beverage firms and creating its own brand, with estimated yearly revenues in excess of USD 600 million. >Analyst Comment
The worldwide Baijiu market is looking to expand even in the face of supply chain interruptions, geopolitical tensions, and volatile raw material prices. Driven by higher consumer demand for premium and "better-for-you" alcoholic drinks among millennials and Gen Z consumers, the market is looking upward. The cultural appeal of Baijiu in China and expanding global popularity are the most critical drivers enhancing its global footprint. Technological innovation in production, new-age packaging, and product portfolio diversification are additional drivers of market growth. But thin profit margins and strict regulatory environments continue to be key challenges for producers.- 1.1 Report description
- 1.2 Key market segments
- 1.3 Key benefits to the stakeholders
2: Executive Summary
- 2.1 Baijiu- Snapshot
- 2.2 Baijiu- Segment Snapshot
- 2.3 Baijiu- Competitive Landscape Snapshot
3: Market Overview
- 3.1 Market definition and scope
- 3.2 Key findings
- 3.2.1 Top impacting factors
- 3.2.2 Top investment pockets
- 3.3 Porter’s five forces analysis
- 3.3.1 Low bargaining power of suppliers
- 3.3.2 Low threat of new entrants
- 3.3.3 Low threat of substitutes
- 3.3.4 Low intensity of rivalry
- 3.3.5 Low bargaining power of buyers
- 3.4 Market dynamics
- 3.4.1 Drivers
- 3.4.2 Restraints
- 3.4.3 Opportunities
4: Baijiu Market by Type
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Light Aroma
- 4.2.1 Key market trends, factors driving growth, and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 Strong Aroma
- 4.3.1 Key market trends, factors driving growth, and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4 Sauce Aroma
- 4.4.1 Key market trends, factors driving growth, and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
- 4.5 Others
- 4.5.1 Key market trends, factors driving growth, and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market share analysis by country
5: Baijiu Market by Distribution Channel
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Online Retail
- 5.2.1 Key market trends, factors driving growth, and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 Specialty Stores
- 5.3.1 Key market trends, factors driving growth, and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
- 5.4 Supermarkets/Hypermarkets
- 5.4.1 Key market trends, factors driving growth, and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
- 5.5 OthersOnline Retail
- 5.5.1 Key market trends, factors driving growth, and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market share analysis by country
- 5.6 Specialty Stores
- 5.6.1 Key market trends, factors driving growth, and opportunities
- 5.6.2 Market size and forecast, by region
- 5.6.3 Market share analysis by country
- 5.7 Supermarkets/Hypermarkets
- 5.7.1 Key market trends, factors driving growth, and opportunities
- 5.7.2 Market size and forecast, by region
- 5.7.3 Market share analysis by country
- 5.8 Others
- 5.8.1 Key market trends, factors driving growth, and opportunities
- 5.8.2 Market size and forecast, by region
- 5.8.3 Market share analysis by country
6: Baijiu Market by Alcohol Content
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Low
- 6.2.1 Key market trends, factors driving growth, and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3 Medium
- 6.3.1 Key market trends, factors driving growth, and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
- 6.4 High
- 6.4.1 Key market trends, factors driving growth, and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market share analysis by country
7: Competitive Landscape
- 7.1 Overview
- 7.2 Key Winning Strategies
- 7.3 Top 10 Players: Product Mapping
- 7.4 Competitive Analysis Dashboard
- 7.5 Market Competition Heatmap
- 7.6 Leading Player Positions, 2022
8: Company Profiles
- 8.1 Kweichow Moutai Co.
- 8.1.1 Company Overview
- 8.1.2 Key Executives
- 8.1.3 Company snapshot
- 8.1.4 Active Business Divisions
- 8.1.5 Product portfolio
- 8.1.6 Business performance
- 8.1.7 Major Strategic Initiatives and Developments
- 8.2 Ltd.
- 8.2.1 Company Overview
- 8.2.2 Key Executives
- 8.2.3 Company snapshot
- 8.2.4 Active Business Divisions
- 8.2.5 Product portfolio
- 8.2.6 Business performance
- 8.2.7 Major Strategic Initiatives and Developments
- 8.3 Wuliangye Yibin Co.
- 8.3.1 Company Overview
- 8.3.2 Key Executives
- 8.3.3 Company snapshot
- 8.3.4 Active Business Divisions
- 8.3.5 Product portfolio
- 8.3.6 Business performance
- 8.3.7 Major Strategic Initiatives and Developments
- 8.4 Ltd.
- 8.4.1 Company Overview
- 8.4.2 Key Executives
- 8.4.3 Company snapshot
- 8.4.4 Active Business Divisions
- 8.4.5 Product portfolio
- 8.4.6 Business performance
- 8.4.7 Major Strategic Initiatives and Developments
- 8.5 Yanghe Brewery Joint-Stock Co.
- 8.5.1 Company Overview
- 8.5.2 Key Executives
- 8.5.3 Company snapshot
- 8.5.4 Active Business Divisions
- 8.5.5 Product portfolio
- 8.5.6 Business performance
- 8.5.7 Major Strategic Initiatives and Developments
- 8.6 Ltd.
- 8.6.1 Company Overview
- 8.6.2 Key Executives
- 8.6.3 Company snapshot
- 8.6.4 Active Business Divisions
- 8.6.5 Product portfolio
- 8.6.6 Business performance
- 8.6.7 Major Strategic Initiatives and Developments
- 8.7 Luzhou Laojiao Co.
- 8.7.1 Company Overview
- 8.7.2 Key Executives
- 8.7.3 Company snapshot
- 8.7.4 Active Business Divisions
- 8.7.5 Product portfolio
- 8.7.6 Business performance
- 8.7.7 Major Strategic Initiatives and Developments
- 8.8 Ltd.
- 8.8.1 Company Overview
- 8.8.2 Key Executives
- 8.8.3 Company snapshot
- 8.8.4 Active Business Divisions
- 8.8.5 Product portfolio
- 8.8.6 Business performance
- 8.8.7 Major Strategic Initiatives and Developments
- 8.9 Shanxi Xinghuacun Fen Wine Factory Co.
- 8.9.1 Company Overview
- 8.9.2 Key Executives
- 8.9.3 Company snapshot
- 8.9.4 Active Business Divisions
- 8.9.5 Product portfolio
- 8.9.6 Business performance
- 8.9.7 Major Strategic Initiatives and Developments
- 8.10 Ltd.
- 8.10.1 Company Overview
- 8.10.2 Key Executives
- 8.10.3 Company snapshot
- 8.10.4 Active Business Divisions
- 8.10.5 Product portfolio
- 8.10.6 Business performance
- 8.10.7 Major Strategic Initiatives and Developments
- 8.11 Gujing Group
- 8.11.1 Company Overview
- 8.11.2 Key Executives
- 8.11.3 Company snapshot
- 8.11.4 Active Business Divisions
- 8.11.5 Product portfolio
- 8.11.6 Business performance
- 8.11.7 Major Strategic Initiatives and Developments
- 8.12 Shandong Jingzhi Liquor Co.
- 8.12.1 Company Overview
- 8.12.2 Key Executives
- 8.12.3 Company snapshot
- 8.12.4 Active Business Divisions
- 8.12.5 Product portfolio
- 8.12.6 Business performance
- 8.12.7 Major Strategic Initiatives and Developments
- 8.13 Ltd.
- 8.13.1 Company Overview
- 8.13.2 Key Executives
- 8.13.3 Company snapshot
- 8.13.4 Active Business Divisions
- 8.13.5 Product portfolio
- 8.13.6 Business performance
- 8.13.7 Major Strategic Initiatives and Developments
- 8.14 Anhui Yingjia Distillery Co.
- 8.14.1 Company Overview
- 8.14.2 Key Executives
- 8.14.3 Company snapshot
- 8.14.4 Active Business Divisions
- 8.14.5 Product portfolio
- 8.14.6 Business performance
- 8.14.7 Major Strategic Initiatives and Developments
- 8.15 Ltd.
- 8.15.1 Company Overview
- 8.15.2 Key Executives
- 8.15.3 Company snapshot
- 8.15.4 Active Business Divisions
- 8.15.5 Product portfolio
- 8.15.6 Business performance
- 8.15.7 Major Strategic Initiatives and Developments
- 8.16 Jiangsu King's Luck Brewery Joint-Stock Co.
- 8.16.1 Company Overview
- 8.16.2 Key Executives
- 8.16.3 Company snapshot
- 8.16.4 Active Business Divisions
- 8.16.5 Product portfolio
- 8.16.6 Business performance
- 8.16.7 Major Strategic Initiatives and Developments
- 8.17 Ltd.
- 8.17.1 Company Overview
- 8.17.2 Key Executives
- 8.17.3 Company snapshot
- 8.17.4 Active Business Divisions
- 8.17.5 Product portfolio
- 8.17.6 Business performance
- 8.17.7 Major Strategic Initiatives and Developments
- 8.18 Hubei Baiyunbian Group Co.
- 8.18.1 Company Overview
- 8.18.2 Key Executives
- 8.18.3 Company snapshot
- 8.18.4 Active Business Divisions
- 8.18.5 Product portfolio
- 8.18.6 Business performance
- 8.18.7 Major Strategic Initiatives and Developments
- 8.19 Ltd.
- 8.19.1 Company Overview
- 8.19.2 Key Executives
- 8.19.3 Company snapshot
- 8.19.4 Active Business Divisions
- 8.19.5 Product portfolio
- 8.19.6 Business performance
- 8.19.7 Major Strategic Initiatives and Developments
- 8.20 Hunan Xiangjiao Wine Co.
- 8.20.1 Company Overview
- 8.20.2 Key Executives
- 8.20.3 Company snapshot
- 8.20.4 Active Business Divisions
- 8.20.5 Product portfolio
- 8.20.6 Business performance
- 8.20.7 Major Strategic Initiatives and Developments
- 8.21 Ltd.
- 8.21.1 Company Overview
- 8.21.2 Key Executives
- 8.21.3 Company snapshot
- 8.21.4 Active Business Divisions
- 8.21.5 Product portfolio
- 8.21.6 Business performance
- 8.21.7 Major Strategic Initiatives and Developments
- 8.22 Henan Jiujiu Jiu Distillery Co.
- 8.22.1 Company Overview
- 8.22.2 Key Executives
- 8.22.3 Company snapshot
- 8.22.4 Active Business Divisions
- 8.22.5 Product portfolio
- 8.22.6 Business performance
- 8.22.7 Major Strategic Initiatives and Developments
- 8.23 Ltd.
- 8.23.1 Company Overview
- 8.23.2 Key Executives
- 8.23.3 Company snapshot
- 8.23.4 Active Business Divisions
- 8.23.5 Product portfolio
- 8.23.6 Business performance
- 8.23.7 Major Strategic Initiatives and Developments
- 8.24 Sichuan Langjiu Group Co.
- 8.24.1 Company Overview
- 8.24.2 Key Executives
- 8.24.3 Company snapshot
- 8.24.4 Active Business Divisions
- 8.24.5 Product portfolio
- 8.24.6 Business performance
- 8.24.7 Major Strategic Initiatives and Developments
- 8.25 Ltd.
- 8.25.1 Company Overview
- 8.25.2 Key Executives
- 8.25.3 Company snapshot
- 8.25.4 Active Business Divisions
- 8.25.5 Product portfolio
- 8.25.6 Business performance
- 8.25.7 Major Strategic Initiatives and Developments
- 8.26 Shanxi Xifeng Liquor Co.
- 8.26.1 Company Overview
- 8.26.2 Key Executives
- 8.26.3 Company snapshot
- 8.26.4 Active Business Divisions
- 8.26.5 Product portfolio
- 8.26.6 Business performance
- 8.26.7 Major Strategic Initiatives and Developments
- 8.27 Ltd.
- 8.27.1 Company Overview
- 8.27.2 Key Executives
- 8.27.3 Company snapshot
- 8.27.4 Active Business Divisions
- 8.27.5 Product portfolio
- 8.27.6 Business performance
- 8.27.7 Major Strategic Initiatives and Developments
- 8.28 Guizhou Xijiu Co.
- 8.28.1 Company Overview
- 8.28.2 Key Executives
- 8.28.3 Company snapshot
- 8.28.4 Active Business Divisions
- 8.28.5 Product portfolio
- 8.28.6 Business performance
- 8.28.7 Major Strategic Initiatives and Developments
- 8.29 Ltd.
- 8.29.1 Company Overview
- 8.29.2 Key Executives
- 8.29.3 Company snapshot
- 8.29.4 Active Business Divisions
- 8.29.5 Product portfolio
- 8.29.6 Business performance
- 8.29.7 Major Strategic Initiatives and Developments
- 8.30 Shandong Yipin Liquor Co.
- 8.30.1 Company Overview
- 8.30.2 Key Executives
- 8.30.3 Company snapshot
- 8.30.4 Active Business Divisions
- 8.30.5 Product portfolio
- 8.30.6 Business performance
- 8.30.7 Major Strategic Initiatives and Developments
- 8.31 Ltd.
- 8.31.1 Company Overview
- 8.31.2 Key Executives
- 8.31.3 Company snapshot
- 8.31.4 Active Business Divisions
- 8.31.5 Product portfolio
- 8.31.6 Business performance
- 8.31.7 Major Strategic Initiatives and Developments
- 8.32 Jiangsu Shuanggou Distillery Co.
- 8.32.1 Company Overview
- 8.32.2 Key Executives
- 8.32.3 Company snapshot
- 8.32.4 Active Business Divisions
- 8.32.5 Product portfolio
- 8.32.6 Business performance
- 8.32.7 Major Strategic Initiatives and Developments
- 8.33 Ltd.
- 8.33.1 Company Overview
- 8.33.2 Key Executives
- 8.33.3 Company snapshot
- 8.33.4 Active Business Divisions
- 8.33.5 Product portfolio
- 8.33.6 Business performance
- 8.33.7 Major Strategic Initiatives and Developments
- 8.34 Sichuan Tuopai Shede Group Co.
- 8.34.1 Company Overview
- 8.34.2 Key Executives
- 8.34.3 Company snapshot
- 8.34.4 Active Business Divisions
- 8.34.5 Product portfolio
- 8.34.6 Business performance
- 8.34.7 Major Strategic Initiatives and Developments
- 8.35 Ltd.
- 8.35.1 Company Overview
- 8.35.2 Key Executives
- 8.35.3 Company snapshot
- 8.35.4 Active Business Divisions
- 8.35.5 Product portfolio
- 8.35.6 Business performance
- 8.35.7 Major Strategic Initiatives and Developments
9: Analyst Perspective and Conclusion
- 9.1 Concluding Recommendations and Analysis
- 9.2 Strategies for Market Potential
Scope of Report
Aspects | Details |
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By Type |
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By Distribution Channel |
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By Alcohol Content |
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Report Licenses
Frequently Asked Questions (FAQ):
What is the estimated market size of Baijiu in 2030?
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