China's Wine Industry to Grow by Over 18%
Low per capita consumption shows huge potential in China's wine industry
Online, March 17, 2010 (Newswire.com) - As per the recently released report "China Wine Industry by 2014", the wine industry in China was valued at RMB 22 Billion in 2009 and it is forecasted to grow at a CAGR of over 18% during 2010-2014.
As per this research report China has witnessed a radical shift in the consumption of wine over the recent past. Fast expanding middle class population, increased urbanization and rising disposable income are some of the major reasons contributing to this change. Besides this, increased influence of China's young population towards western culture has also brought a revolution in the China's wine industry.
Our research found that the major reason for such a high growth rate in the Chinese wine market is attributed to the low per capita consumption of such drinks, thus indicating high growth potential for the market players.
"China Wine Industry by 2014" report provides an insight into the Chinese wine industry. It evaluates the past, present and future scenario of the Chinese wine industry. The report also covers the profiles of the top five wine producers in the Chinese market.
http://www.researchandmarkets.com/reportinfo.asp?cat_id=11&report_id=1207531&p=1