Industry Background:
The growing popularity of rice wine will help to boost global rice wine market. Rice wine is an alcoholic beverage fermented and distilled from rice. The rice wine is manufactured mostly in East Asia, Southeast Asia, and South Asia. Rice wine is made from the fermentation of rice starch that has been converted to sugars. Rising demand of rice wine due to increasing health benefits such as anti-cancer and anti-bacterial activity, source of probiotic, good for stomach health, prevents inflammation, boosts the immune system, promotes skin health, and prevents earlier aging.This growth is primarily driven by High Adoption due to Increasing Commercial Use and Growth in Food and Beverages Industry.
Globally, a noticeable market trend is evident Increasing Popularity of Rice Wine among Millennials
. The Beverages sector in the China region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Zhejiang Guyuelongshan Shaoxing Wine Co.,Ltd (China), Kuaijishan Shaoxing Rice Wine Co.,Ltd (China), Zhejiang Tapai Shaoxing Wine Co.,Ltd (China), Zhejiang Jiashan Rice Wine Co.,Ltd (China), Zhejiang Shanhao Wine Co.,Ltd (China), Shanghai Jinfeng Wine Co.,Ltd (China), Zhejiang Pagoda Brand Shaoxing Rice Wine Co Ltd (China), Kuaijishan Shaoxing Rice Wine Co., Ltd. (China) and Shanghai Tangjiu (Group) Co., Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- High Adoption due to Increasing Commercial Use
- Growth in Food and Beverages Industry
Market Trend
- Increasing Popularity of Rice Wine among Millennials
- Technological Advancements in Brewing Techniques
Restraints
- Highly Volatile Raw Material Prices
- Availability of Substitutes
Opportunities
Huge Demand due to Health Benefits and Growing demand in Untapped Market
Challenges
Rising Concern about Effects of Climatic Condition on Wine Production
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rice Wine Study Sheds Light on
The Rice Wine Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rice Wine industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rice Wine industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.