China-alcoholic-beverages Market Size, Share, Trends & Forecast 2019-2025Posted by pooja makkhar on February 14th, 2020 China alcoholic beverages market is estimated to grow at a CAGR of around 3% during the forecast period. The factors contributing to the market growth include increasing demand for alcoholic beverages due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. The changing social norms and the growing acceptability of alcohol have led to high and regular alcohol consumption among people in the region. Request a Free Sample of our Report on China Alcoholic Beverages Market: https://www.omrglobal.com/request-sample/china-alcoholic-beverages-market China's alcoholic beverages market has been primarily led by the constant rise in rising in consumption of alcohol and increasing demand for premium brand alcoholic beverages in the country. The growing alcohol consumption in the country is one of the major factors that contribute to market growth. According to the WHO, China is one of the largest consumers of alcohol, with an increase in per capita consumption of 0.9 liters of pure alcohol by 2025 from 2016. China’s alcohol industry is mainly driven due to local alcoholic beverages such as Baiju and others. Maotai is one of the most popular Baijiu brands produced in Guizhou. However, foreign spirits are limited in the spirits industry due to high import taxes, restricted distribution channels, and fierce domestic competition. A full Report of China Alcoholic Beverages Market is Available at: https://www.omrglobal.com/industry-reports/china-alcoholic-beverages-market China Alcoholic Beverages Market Segmentation By Type
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