The prominent players in Baijiu industry are Moutai group, Yanghe and Wuliangye. These players in total accounted for 83% of total profit in the year 2017. The availability of Baijiu in different flavors with fusions is increasing its demand in the international markets which is further helping the market to grow. E-commerce is also another factor behind increase in market adoption.
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As the Baijiu market is growing, the Chinese bottling industries are closely monitoring the changes and challenges in the market. Complex distribution system, high price, increase in health awareness and the fiery and funky taste of Baijiu are some of the challenges which are limiting the growth of Baijiu market.
Silver Base Group Holdings Ltd is a leading company of wine sales platform in China and overseas. The Group has strategically formulated new plans and deployments to respond to the rapid changes in market. The company launched a platform for value added services and began to deploy IoT for improving its management facility. To avoid the funky and fiery taste of Baijiu, most of the breweries are mixing it with cocktail. This is giving birth to a new form of Baijiu with different flavors in the market. Baijiu has been a blood line in Chinese tradition. It has been used as a token of gift since ages. Baijiu can be consumed in different forms and beverages, which are used for hospitality in family gatherings.
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In a 2017, the largest Baijiu manufacturing firm in China Moutai Group has reported that the company achieved the revenue of 582.18 billion Yuan ($85.6 billion) i.e. up by 49.81% than the previous year. The company is planning to achieve $12.8 billion more in the year 2018 than the previous year. From its series of wines, Moutai wine’s revenue was higher than other wines.
In 2017, Wuliangye Group has achieved a profit of 14.36 billion Yuan ($2.11 billion) i.e. up by 43.2% year on year. The sales revenue reached at 80.2 billion Yuan ($12.06 billion) which was 13.12% year on year, where the profit growth was recorded five times higher than the previous year. The investment and market growth of Baijiu is moving upscale year by year. As a result, Baijiu has continued to perform in the market is expected to witness high growth from near to long term.
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