Rice Wine Market:
Executive Summary
Rice Wine is a popular alcoholic beverage which is distilled and fermented from high-quality rice. Such type of wine is primarily consumed in the Asia Pacific region, which also includes South Asia, East Asia, and Southeast Asia. Talking more about is, this drink is generally is produced from the rice starch fermentation, which has already been converted to sugar. Microbes are the primary source that turns the starches into sugar. The growing popularity of such wine among people is forecasted to trigger the growth of this market.
This particular market report offers a detailed analysis of the global Rice Wine market on the basis of product and geography. Furthermore, the global market report studies this particular market’s competitive landscape and provide data on various key players who are dominating the market. It has been observed that the demand for Rice Wine in now growing at the highest rate in various countries, for example, the UK, France, the United States, India, and China. The reason behind this is the ever-changing preference of people and their interest in trying new flavors and products.
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As per this report, the consumers in the United States of America are now demanding innovative and new products. That why the key vendors are now introducing new products to cater to the increasing demand for new products. The market experts have predicted that increasing the use of this wine in preparing various types of foods will be another major driving factor that will positively influence the market. It is used in stews, soups, desserts, and more. Rice Wine is widely used as a primary cooking ingredient in the Asia Pacific.
Market key player are covered:
- Zhejiang Guyuelongshan Shaoxing Wine Co.,Ltd
- Kuaijishan Shaoxing Rice Wine Co.,Ltd
- Zhejiang Tapai Shaoxing Wine Co.,Ltd
- Shaoxing Nverhong Wine Co.,Ltd
- Shandong Jimo Rice Wine Plant
- Zhejiang Jiashan Rice Wine Co.,Ltd
- Jiangsu Zhangjiagang Wine Co.,Ltd
- Zhejiang Shanhao Wine Co.,Ltd
- Jiangsu Nantong Baipu Rice Wine Co.,Ltd
- Shanghai Jinfeng Wine Co.,Ltd
Market Segmentation Overview
The global Rice Wine market is segmented on the basis of product type, application, and region. Based on the product type, the market is split into glutinous rice-made wine, white wine, yellow wine, red wine, and others. Among all these product types, the glutinous and yellow wine market segments will cover the maximum market share in the global market owing to the growing popularity of these products. Now, talking about the application-based segment, it includes cooking and beverages. The experts have predicted that the cooking segment will witness the highest growth in the coming years. In the Asia Pacific, this is primarily used in cooking.
Regional Overview
The global market for Rice Wine, regionally, is split into some dominating regions. They are Europe (Both Eastern Europe and Western Europe), North America, South America, Middle East, and Africa (MEA) and the Asia Pacific. Furthermore, to study the country-level markets, market analysts have segmented the market in different countries. So, the countries which included in this market report are India, Southeast Asia, China, Korea, Brazil, the United Kingdom, the United States, Mexico, Italy, Russia, Hong Kong, Germany, Philippines, and more. As per the report, the Asia Pacific’s regional market is expected to dominate the market owing to the rising consumption of Rice Wine in this region.
Industry News
Recently, Zhejiang Tapai Shaoxing Wine Co. Ltd informed that very soon, the company will launch its new wine products made from rice. It would come in different flavors and can be sued in cooking foods. As per the company, the alcohol volume in such wine will be quite lower and is safe for health.
Continuous…
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