#Mijiu Market Industry

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Global Mijiu Market 2020–2026 | Analysis by Forecast, Growth Opportunities, Major Key Players, Revenues During Covid-19 Outbreak

Global Mijiu Market 2020–2026 | Analysis by Forecast, Growth Opportunities, Major Key Players, Revenues During Covid-19 Outbreak

The recent research report titled “Mijiu Market Research: Global Status & Forecast by Geography, Type & Application (2016-2026)”has been added in the kandjmarketresearch.com database. The Global Mijiu Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2026. This Research Report spread across 57 Pages, with summarizing Top companies and supports with tables and…

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Global Mijiu Market - Forecast (2022 - 2027)

The Global Mijiu Market size is estimated to reach $1,461 million by 2027. Furthermore, it is poised to grow at a CAGR of 3.1% over the forecast period of 2022-2027. Mijiu is a popular Chinese alcoholic beverage that can be found at a variety of locations. Mijiu or Chinese rice wine is often produced from rice, sticky rice, or millet fermented with yeast and water. It can either go through dry distillation to become baijiu, which has an alcohol percentage of 35-60%, or it can go through wet distillation to enhance its concentration above 37% and remain as mijiu. It has a variety of uses in the food and beverage business, including commercial use in restaurants as well as bars, home use for special events with friends and family, so on. Ginger duck, sesame oil chicken, and shochu chicken are just a few of the recipes that include mijiu. Mijiu is made from glutinous rice and is usually drunk warm. Mijiu is also used as an aperitif and is thought to aid in the improvement of metabolism and skin. Mijiu is made from whole grains like rice, millet, or wheat. Recently, the consumption of alcohol is increased at a rate of 70% which further enhances the overall growth of the Mijiu Market. Changing lifestyle gives rise to the demand for alcoholic drinks and the growing need for locally made products are some of the factors driving the Global Mijiu Industry forward in the projected period of 2022-2027.

Global Mijiu Market Report Coverage

The report: “Global Mijiu Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Mijiu Market.

By Type- Glutinous Rice Wine, Millet Rice Wine, Red Kojic Red Wine, and Others.   

By Application- Commercial Use and Home Use.

By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

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Key Takeaways

Geographically, Asia-Pacific held a dominant market share in the year 2021. It is owing to the presence of robust manufacturing capabilities, which increases the production of rice wine. Moreover, westernization and premiumization trends have given the much-needed push for using alcohol. China is the largest producer of mijiu as people prefer more local-based products thus increasing consumption of mijiu. Moreover, changing taste among consumers shifting towards the new products and flavors further soars the market growth.

Changing lifestyle patterns among people gives rise to the demand for alcoholic beverages and the rising innovation of new products and flavors are some of the factors driving the Vanillin Market. However, stringent government regulations associated with mijiu are some of the factors impeding the market growth.

A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Mijiu Market Report.

Global Mijiu Market Segmentation Analysis- By Type

The global mijiu market based on type can be further segmented into Glutinous Rice Wine, Millet Rice Wine, Red Kojic Red Wine, and Others. Glutinous Rice Wine held a dominant market share in the year 2021. Glutinous Rice Wine is a Chinese alcoholic beverage prepared from glutinous rice that has been fermented into alcohol. It is also known as "sweet wine" or "sticky rice wine." It can be made via dry fermentation without the inclusion of any grains other than spiked glutinous rice to encourage natural yeast multiplication, or by utilizing malt and enzymes in combination with spiked raw glutinous rice in traditional ways. Many consumers believe that glutinous rice wine helps in improving metabolism and skin that further increasing its demand among the population.

However, Millet Rice Wine is estimated to be the fastest-growing, with a CAGR of 3.7% over the forecast period of 2022-2027. Another sort of mijiu is millet rice wine, which is created from millets. Millet wine is similar to glutinous rice wine in appearance, but it includes more nutrients than white or brown rice. Owing to the increased carbohydrate content in its grains, it also tastes sweeter and less alcoholic than other varieties of wines. It has been used in China as an alcoholic beverage and even for religious ceremonies from ancient times.

Global Mijiu Market Segmentation Analysis- By Application

The global mijiu market based on the application can be further segmented into Commercial Use and Home Use. Commercial Use held a dominant market share in the year 2021. There are various uses of mijiu in commercial use including tenderizing meat, enhancing the flavor and color of food items like noodles. It's used to give meals like custard buns and roast pork a distinct flavor. It can be used as an ingredient or combined with other items to create unique flavors that can't be replicated by a single product alone, opening up new business prospects. It's also added to sauces to improve the flavor of dishes and drinks including fruit juices, cocktails, and smoothies.

However, Home Use is estimated to be the fastest-growing, with a CAGR of 4.1% over the forecast period of 2022-2027. Mijiu is most commonly used in the home for cooking. People use Mijiu to enhance the flavor of the cuisine they are making. When ingested with food while cooking or after meals, Mijiu also contributes protein, carbs, and Vitamin B12. Another common home use of the product is as a drink after meals or with snacks, rather than water or tea. It's also used in religious rites and for therapeutic purposes.

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Global Mijiu Market Segmentation Analysis- By Geography

The global mijiu market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held a dominant market share of 37% in the year 2021 as compared to the other counterparts. It is owing to the robust demand for mijiu in the food and beverage industry. The growing number of wine tasters in China gives vintners reason to be optimistic. The bulk of China's population is elderly, and this elderly population prefers Chinese white spirits manufactured from grains like rice. The mijiu market has benefited as a result of this consumption habit. In China, about 205 million liters of rice wine is produced in 2020.

Global Mijiu Market Drivers  

Rising Demand for Alcoholic Drinks among the Population has readily aided the market growth.

Rising changing lifestyle among consumers, the consumption of alcohol drinks growing. Furthermore, the rise of alcohol in e-commerce retail has generated simple availability and accessibility for customers, resulting in increased demand for beverages. According to the International Organization of Vine and Wine, the wine consumption globally is estimated to reach 234 million hectoliters in 2020 which further grows the production of rice wine and thus increases the adoption of mijiu. Among the young population, alcoholic consumption becomes a fashion so, they are adopting alcohol at parties or some other celebrating event. So, the rising demand for an alcoholic drink gives rise to the use of rice wine in order to make mijiu which in turn soars the market growth.

Growing Attraction among People towards Authentic Ingredients is Set to Drive the Market Growth.

Recently, people are consuming products that are innovative and authentic in taste. So, manufacturers are using authentic ingredients to make the products taste and feel traditional. In many countries, like china people are consuming only their local beverages products as they believe that it helps in improving metabolism and skin which is beneficial for health. According to the latest survey in China, in 2020 about 57% of Chinese consumers prefer local brands. So, they are adopting homemade distilled spirits in order to make mijiu where they are using authentic ingredients and thus driving the market growth.

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Global Mijiu Market Challenges

Stringent Regulation regarding the Consumption of Alcoholic Products is one of the Factors Impeding the Market Growth.

According to the National Institute of Health, 85.6% of people are alcoholic and suffers from serious health issues. In order to reduce health-related issues owing to excessive consumption of alcohol, the government takes various steps. The government ensures the safety, quality, authenticity, and correct labeling of wine products and is responsible for encouraging growers, producers, and traders to comply with laws on wine by offering advice and education. During this process, the production of wine and alcohol beverage products becomes slow and thus hampering the market growth.

Global Mijiu Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. The Global Mijiu top 10 companies include: 

Saveur,

China Shaoxing Yellow Wine Group Corp,

Kuaijishan,

Jinfeng Wine,

Satake,

Nuerhong,

imo,

Guyueloutai,

Jiashan,

Shanhao.

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Recent Developments

In September 2020, Riboli Family Wines launched “Highlands 41” its newest estate-based wine brand. The product launch is expected to help the company enhance the business and increase its product portfolio.

In August 2020, Bronconess had a partnership with St. Julian Winery with the focus to launch its new product “Bronconess Peach Bubbly”. The collaborative approach helps the enterprise enhance its customer base and enhance the business.

In July 2020, Satake introduced new sake rice milling technology which is a new circulation-type rice milling machine that prevented the rice from breaking. This factor increases the production of mijiu and thus enhances the market growth.

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Mijiu Market 2022-2028 Size, Share, Trend, Key Palyers with Products

Mijiu Market 2022-2028

A New Market Study, Titled “Mijiu Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.

Description

This global study of the Mijiu market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Mijiu industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

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The analysis includes market size, upstream situation, market segmentation, market segmentation, price & cost and industry environment. In addition, the report outlines the factors driving industry growth and the description of market channels.The report begins from overview of industrial chain structure, and describes the upstream. Besides, the report analyses market size and forecast in different geographies, type and end-use segment, in addition, the report introduces market competition overview among the major companies and companies profiles, besides, market price and channel features are covered in the report.

Key Companies SAVEUR China Shaoxing Yellow Wine Group Corp Kuaijishan Jinfeng Wine PAGOOA Nuerhong Jimo Jiashan Shazhou Shanhao Guyueloutai

Key Product Type Glutinous Rice Wine Millet Rice Wine Red Kojic Rice Wine Rice Wine Others

Market by Application Commercial Use Home Use

Market segment by Region/Country including: North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Spain etc.) Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) South America (Brazil, Argentina and Colombia etc.) Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

Main Aspects covered in the Report Overview of the Mijiu market including production, consumption, status & forecast and market growth 2017-2021 historical data and 2022-2027 market forecast Geographical analysis including major countries Overview the product type market including development Overview the end-user market including development

Ask Queries @ https://www.fusionmarketresearch.com/enquiry.php/Mijiu-Market/67684

Table of Contents

1 Industrial Chain Overview 1.1 Mijiu Industry 1.1.1 Overview Figure Mijiu Picture List 1.1.2 Characteristics of Mijiu 1.2 Upstream 1.2.1 Major Materials 1.2.2 Manufacturing Overview 1.3 Product List By Type 1.3.1 Glutinous Rice Wine 1.3.2 Millet Rice Wine 1.3.3 Red Kojic Rice Wine 1.3.4 Rice Wine 1.3.5 Others 1.4 End-Use List 1.4.1 Demand in Commercial Use 1.4.2 Demand in Home Use 1.5 Global Market Overview 1.5.1 Global Market Size and Forecast, 2017-2027 Figure Global Market Size and Forecast with Growth Rate, 2017-2027 1.5.2 Global Market Size and Forecast by Geography with CAGR, 2017-2027 Table Global Market Size and Forecast by Geography with Growth Rate, 2017-2027 1.5.3 Global Market Size and Forecast by Product Type with CAGR, 2017-2027 Table Global Market Size and Forecast by Type with Growth Rate, 2017-2027 1.5.4 Global Market Size and Forecast by End-Use with CAGR, 2017-2027 Table Global Market Size and Forecast by End-Use with Growth Rate, 2017-2027

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3 Major Manufacturers Introduction 3.1 Manufacturers Overview Table Major Manufacturers Headquarters and Contact Information Table Major Manufacturers Capacity List in 2021 3.2 Manufacturers List 3.2.1 SAVEUR Overview Table SAVEUR Overview List 3.2.1.1 Product Specifications 3.2.1.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin) Table Mijiu Business Operation of SAVEUR (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin) 3.2.1.3 Recent Developments 3.2.1.4 Future Strategic Planning 3.2.2 China Shaoxing Yellow Wine Group Corp Overview Table China Shaoxing Yellow Wine Group Corp Overview List 3.2.2.1 Product Specifications 3.2.2.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin) Table Mijiu Business Operation of China Shaoxing Yellow Wine Group Corp (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin) 3.2.2.3 Recent Developments 3.2.2.4 Future Strategic Planning 3.2.3 Kuaijishan Overview Table Kuaijishan Overview List 3.2.3.1 Product Specifications 3.2.3.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin) Table Mijiu Business Operation of Kuaijishan (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin) 3.2.3.3 Recent Developments 3.2.3.4 Future Strategic Planning 3.2.4 Jinfeng Wine Overview Table Jinfeng Wine Overview List 3.2.4.1 Product Specifications 3.2.4.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin) Table Mijiu Business Operation of Jinfeng Wine (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin) 3.2.4.3 Recent Developments 3.2.4.4 Future Strategic Planning 3.2.5 PAGOOA Overview Table PAGOOA Overview List 3.2.5.1 Product Specifications 3.2.5.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin) Table Mijiu Business Operation of PAGOOA (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin) 3.2.5.3 Recent Developments 3.2.5.4 Future Strategic Planning 3.2.6 Nuerhong Overview

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An alcoholic drink is a drink that contains ethanol, a type of alcohol produced by fermentation of grains, fruits, or other sources of sugar that acts as a drug. The consumption of alcohol plays an important social role in many cultures. Most countries have laws regulating the production, sale, and consumption of alcoholic beverages. Regulations may require the labeling of the percentage alcohol content (as ABV or proof) and the use of a warning label. And some countries ban such activities entirely, but alcoholic drinks are legal in most parts of the world. The global alcoholic drink industry exceeded $1 trillion in 2018.

Alcohol is a depressant, which in low doses causes euphoria, reduces anxiety, and increases sociability. In higher doses, it causes drunkenness, stupor, unconsciousness or death. Long-term use can lead to an alcohol use disorder, an increased risk of developing several types of cancer, and physical dependence.

Fermented drinks Beer Beer is a beverage fermented from grain mash. It is typically made from barley or a blend of several grains and flavored with hops. Most beer is naturally carbonated as part of the fermentation process. If the fermented mash is distilled, then the drink becomes a spirit. In the Andean region, the most common beer is chicha, made from grain or fruits. Beer is the most consumed alcoholic beverage in the world. Wine Wine is a fermented beverage produced from grapes and sometimes other fruits. Wine involves a longer fermentation process than beer and a long aging process (months or years), resulting in an alcohol content of 9%–16% ABV. Cider Cider or cyder (/ˈsaɪdər/ SY-dər) is a fermented alcoholic drink made from any fruit juice; apple juice (traditional and most common), peaches, pears ("Perry" cider) or other fruit. Cider alcohol content varies from 1.2% ABV to 8.5% or more in traditional English ciders. In some regions, cider may be called "apple wine". Fermented tea Fermented tea (also known as post-fermented tea or dark tea) is a class of tea that has undergone microbial fermentation, from several months to many years. The tea leaves and the liquor made from them become darker with oxidation. Thus, the various kinds of fermented teas produced across China are also referred to as dark tea, not be confused with black tea. The most famous fermented tea is kombucha which is often homebrewed, pu-erh, produced in Yunnan Province, and the Anhua dark tea produced in Anhua County of Hunan Province. The majority of kombucha on the market are under 0.5% ABV. Mead Mead (/miːd/) is an alcoholic drink made by fermenting honey with water, sometimes with various fruits, spices, grains, or hops. The alcoholic content of mead may range from as low as 3% ABV to more than 20%. The defining characteristic of mead is that the majority of the drink's fermentable sugar is derived from honey. Mead can also be referred to as "honeywine." Pulque Pulque is the Mesoamerican fermented drink made from the "honey water" of maguey, Agave americana. The drink distilled from pulque is tequila or mescal Mezcal. Rice wine Sake, huangjiu, mijiu, and cheongju are popular examples of East Asian rice wine. Others"Fruit wines" are made from fruits other than grapes, such as plums, cherries, or apples. Sparkling wine like French Champagne, Catalan Cava or Italian Prosecco can be made by means of a secondary fermentation.

Source: Wikipedia

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The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Mijiu industry includ... via Pocket

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Mijiu Market Outlook 2025, Global Opportunity & Growth Analysis

“The Mijiu market report is a complete research on the current state of the Mijiu market with a focus on the regional market. This report presents the global Mijiu market size (value, production, and consumption), splits the breakdown (data status 2013-2018 and forecast to ‘2025’), by manufacturers, region, type, and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

This research is helpful for all the players operating in the market, including the well-established players and the new entrants. This intelligent study provides the definition, description, and the overall forecasts of the global market, considering the market segments and sub-segments, which includes the product types, technologies, end-users, industry verticals, and the key geographies. Moreover, the report also provides an in-depth analysis of some of the significant factors such as driving forces, challenges, and threats that will shape the future of the market. In addition, the report also includes the lucrative opportunities in the micro markets for all the participants to invest in the global Mijiu market. Besides, the report describes the product offerings and the competitive analysis of the major players operating in the market.

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The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market.

The key players covered in this report: 

The major manufacturers covered in this report SAVEUR China Shaoxing Yellow Wine Group Corp Kuaijishan Jinfeng Wine PAGOOA Nuerhong Jimo Jiashan Shazhou Shanhao Guyueloutai

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North America Europe China Japan Southeast Asia India

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Glutinous Rice Wine Millet Rice Wine Red Kojic Rice Wine Rice Wine Others

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Commercial Use Home Use

This report studies the global Mijiu market status and forecast, categorizes the global Mijiu market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).

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The prime objective of this Mijiu research report is to define the size of the different segments and the geographies as well as to forecast the trends that are likely to gain traction in the following couple of years. This market research report has been designed to incorporate both the qualitative and quantitative aspects of the industry within each of the regions.

The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Mijiu market projections, market sizes, and shares. Moreover, the Mijiu market report examines the most recent trends, pipeline products and developments in the Mijiu market. Complete profiles of leading organizations in the market are also mentioned in this report.

Mijiu market report highlights: 1. The Mijiu research report provides a detailed survey of the current and future industry trends so as to identify the investment analysis. 2. The industry forecasts, using estimated market values have been mentioned, till ‘2025’. 3. The Mijiu Market dynamics such as the drivers, restraints, threats, opportunities, and industry-specific challenges 4. Key industry trends across all the market segments and sub-segments, geographies, and nations. 5. Key developments and strategies determined in the market. 6. Detailed profiling of the leading competitors and the entrant market players. 7. Growth prospects among the emerging nations throughout the forecast period. 8. The Mijiu Market opportunities and recommendations for new investments.

In the end, It includes the methodical description of the various factors such as the market growth and a detailed information about the different company’s revenue, growth, technological developments, production, and the various other strategic developments.

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Thus, the Mijiu Market Report serves as a valuable material for all industry competitors and individuals having a keen interest in Mijiu Market study.

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