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Current Position:Home » News » Beverages & Alcohol » Alcohol » Topic

Specialty spirits hold 80% of Chinese market: Report

Zoom in font  Zoom out font Published: 2012-11-05  Origin: DBR  Views: 38
Core Tip: Specialty spirits had a clear domination in the Chinese spirits market with a share of 83%, according to a report by Canadean - Wine & Spirits.
Specialty spirits had a clear domination in the Chinese spirits market with a share of 83%, according to a report by Canadean - Wine & Spirits.

The report, "Consumer Trends in the Spirits Market in China, 2011", finds that the other spirit categories had only minor shares, with whiskey holding 7%, brandy 5%, gin & genever, liqueurs, rum, tequila & mezcal and vodka sharing the remaining 5%.

Among the consumers, young adults aged 25-34 held the highest share of 25% closely followed by pre-mid-lifers of 35-44 years with 24%.

The spirits market was highly concentrated in the urban areas with 98%, while the rural consumers formed just over 2%.

Male consumers outnumbered the females by nearly 20%.

Income levels of consumers did not have an influence on the consumption of spirits as the affluent section led the market with 41%, followed by the hard pressed section with 23%.

Better value for money and changing life stages were the most influencing trends with 28.5% and 27.4% respectively.

Individuals educated up to the undergraduate level formed 65.5% of the market, while the lower secondary education level consumers held the least share of 1%.

Consumers who had three to five hours of leisure time formed 39% of the market, followed by those having five to seven hours. Individuals with less than one hour of leisure time a day contributed only 2% to the market.

Over 85% of the Chinese spirits market is held by branded labels against private ones.

 
 
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