What is the most popular spirit in China?
Baijiu
Baijiu is the most popular spirit among Chinese consumers. In 2019, baijiu accounted for 96 percent of the spirits sales in China, while brandy and whisky made up merely three percent and one percent of the market. Baijiu is a Chinese alcoholic beverage made from grain.
What is the market size of the alcohol industry?
In 2020, the global market size of alcoholic beverages amounted to over 1.49 trillion U.S. dollar. The yearly revenue decreased by around 200 billion dollars compared to 2019.
How much is the spirits industry worth?
US$521.70bn
Revenue in the Spirits segment amounts to US$521.70bn in 2022. The market is expected to grow annually by 5.30% (CAGR 2022-2025).
What spirits are popular in China?
The four most popular alcoholic beverages in China. Based on the graphs showed above and current market situation, the four alcoholic beverages most popular spirits in China, namely Chinese Baijiu, Whiskey, Brandy, and Vodka.
Which spirit sells the most?
Soju Jinro continues to reign as the world’s best-selling spirit, thanks to its ever-increasing volumes: in 2020, the Korean brand saw its sales grow by 10.4%, from 86.3m to 95.3m – surpassing the 90m-case mark with ease.
How large is the wine and spirits industry?
The market size, measured by revenue, of the Wine & Spirits Wholesaling industry is $129.7bn in 2022.
How much is the alcohol industry worth 2020?
around $1.49 trillion USD
How much is the alcohol industry worth? As of 2020, the global drinks market is worth around $1.49 trillion USD. That, believe it or not, was a slight shrinkage from the previous year, meaning the growth rate dipped during the pandemic.
Which country is best for liquor business?
1. Great Britain. While the Irish have one date to celebrate their country’s abiding love of alcohol, the British have three: yesterday, today and tomorrow. The near-constant drinking in the UK revolves around the pub.
What is the most consumed alcohol in China?
Baijiu is still the most popular alcohol in China Baijiu is a traditional Chinese liquor distilled from fermented sorghum and ranging from 35% to 60% alcohol by volume. It is the typical Chinese spirit and by far the most popular alcohol in China. The Baijiu market can be divided between high and lower-end baijiu.
What is the biggest selling spirit in the world?
Soju Jinro
Soju Jinro continues to reign as the world’s best-selling spirit, thanks to its ever-increasing volumes: in 2020, the Korean brand saw its sales grow by 10.4%, from 86.3m to 95.3m – surpassing the 90m-case mark with ease. This success was rewarded with the title of Local Spirits Brand Champion.
What country sells the most alcohol?
The nation consumed 54.29 billion liters of alcohol, nearly double the United States, the second ranked country. This consumption translates to a market value of 285.9 billion U.S. dollars for China.
What is the number 1 selling liquor in the world?
1 Celebration. McDowell’s, a Diageo-owned brand, is India’s best-selling rum. Over 52 million cases of McDowell’s products are sold annually, across 20 countries. By volume, McDowell’s is the largest selling spirits brand in the world.
Which country is the largest producer of alcohol?
China
China – 38 million KL. Asia might not typically be someplace you associate with beer. China is now the world’s top producer of the drink, however. Some of the country’s most popular brands in 2020 were Tsingtao, Snow, and Yanjing.
Which country consumes alcohol the most?
Here are the 10 countries with the most alcohol consumption:
- Germany (12.79 liters/year)
- Lithuania (12.78 liters/year)
- Ireland (12.75 liters/year)
- Spain (12.67 liters/year)
- Uganda (12.48 liters/year)
- Bulgaria (12.46 liters/year)
- Luxembourg (12.45 liters/year)
- Romania (12.34 liters/year)
Which country sells the most alcohol?
Which country consumes the most spirits?
Top Alcohol Consuming Countries
| Rank | Country | Liters of pure alcohol consumed per capita per year |
|---|---|---|
| 1 | Czechia | 14.3 |
| 2 | Latvia | 13.2 |
| 3 | Moldova | 12.9 |
| 4 | Germany | 12.8 |
Which spirit is consumed most?
baijiu liquor
China’s baijiu liquor is the most widely consumed spirit in the world, yet most of the Western world has never heard of it.
Who is the biggest consumer of alcohol?
The Czech Republic is home to the world’s biggest consumers of alcohol, outpacing its closest competitor Ireland by around 15 liters more per person. The gap between the Czech Republic and the No. 10 country – the U.S. – is more than 80 liters per capita.
What is the world’s largest spirits company?
Kweichow Moutai
Largest alcoholic beverages companies by market cap
| # | Name | C. |
|---|---|---|
| 1 | Kweichow Moutai 1600519.SS | 🇨🇳 |
| 2 | Diageo 2DEO | 🇬🇧 |
| 3 | Anheuser-Busch Inbev 3BUD | 🇧🇪 |
| 4 | Wuliangye Yibin 4000858.SZ | 🇨🇳 |