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Rise of the Dragon: The Chinese Wine Market Raymond Paul NoppDissertation submitted to the Cape Wine Academy in partial fulfillment of the requirements for the diploma of Cape Wine Master March 2012Table.

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Over 40% of imported wine consumers in China are aged 18 to 29 year-old. This trend with great potential has attracted different wine-producing countries to the growing Chinese market, including countries such as France, Argentina, Chile, Australia, Italy and Spain.

The predominant age group that purchases wine is 56 to 74 years old. That's the group you're most likely to find in a tasting room. Overwhelmingly, the Baby Boom generation drinks wine as a social activity. Now, if you're a small winery, say, under 1,000 cases per vintage, a tasting room might not be possible.

The consumers driving the spend in more premium wine are the younger LDA demographics: in 2021, the youngest, most engaged, and highest spending social groups (Social Newbies, Engaged Explorers and Generation Treaters) made up 39% of the US wine market. In 2022, this had grown to 45%.

Revenue in the Wine market amounts to US$27.17bn in 2023. The market is expected to grow annually by 3.93% (CAGR 2023-2027).

However, it's the world's largest grape producer, and houses more land being used for vineyards than any other country! “The Chinese wine industry is booming, as its thirst for wine is outpacing the rest of the world.”

Shandong. Yantai, located in the Shandong region, is the largest producing region in China and contains over 140 wineries that produce 40% of Chinese wine. China's oldest and largest winery, Changyu Pioneer Wine, is also located in Yantai.

Among the white varieties, the most common grape is Chardonnay (15,000 hectares), followed by Petit Manseng, Riesling, Welschriesling, Viognier and Vidal. As with Cabernet Sauvignon, Chardonnay is planted in every wine region in China.

Revenue in the Wine segment amounts to US$27.17bn in 2023. The market is expected to grow annually by 3.93% (CAGR 2023-2027).

Baijiu is the country's national drink, by far outselling all other spirits, wine and beer produced throughout the country. The fiery high-alcohol spirit is commonly referred to as 'traditional Chinese wine' although it is typically produced from the fermentation of sorghum, not grapes.

Wine market in China With a growing middle-class, disposable income, and globalization, China's wine market saw an exponential upswing in recent years. In 2020, China's wine market ranked as the world's third-largest in terms of revenue after the United States and France.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232