Analysis of the Development and Trend of Liquor Industry in China
These authors contributed equally
- https://doi.org/10.2991/aebmr.k.220307.403How to use a DOI?
- Liquor industry; Differentiated competition; Official consumption
The liquor industry has distinct development characteristics, the number of enterprises above the designated size is decreasing. The concentration trend of the industry is obvious and the volume of production and sales is showing a declining trend year by year, which reflects the change of market supply and demand and consumption demand. On the other hand, the product sales revenue and profit level have gradually increased, which shows the process of the wine industry from quantitative change to qualitative change, and also reflects consumers’ pursuit of healthy and rational consumption demands. Therefore, the liquor industry is analyzed and the existing trends are analyzed in this paper. The official business expenses and user preferences restrict the sustainable development of the liquor industry. The future will be an opportunity for the development of new liquor. The increasing market demand brings innovating requirements to alcohol producers and shows a new trend of future development of liquor. Therefore, the results about how the wine industries develop in the future within the new pattern and analysts’ possible changes in wine industries illustrate have been concluded. The new wine industries could substitute a large number of markets of traditional wine aggressively in the middle and low-end market. Differently, the development of high-end markets for wine compared seen further stable than common markets.
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Cite this article
TY - CONF AU - Qingyang Chen AU - Qi Hong AU - Weiyuan Jiang AU - Zihan Zhou PY - 2022 DA - 2022/03/26 TI - Analysis of the Development and Trend of Liquor Industry in China BT - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) PB - Atlantis Press SP - 2465 EP - 2471 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220307.403 DO - https://doi.org/10.2991/aebmr.k.220307.403 ID - Chen2022 ER -