The forecast for the alcoholic beverages market size by volume per capita in China shows a clear downward trend from 2024 to 2028. Starting at 33.28 kilograms per capita in 2024, the volume is expected to steadily decline to 30.37 kilograms per capita by 2028. This indicates consistent year-on-year decreases over this period.
Key variations and trends over the period:
- 2024-2025: -2.25%
- 2025-2026: -2.27%
- 2026-2027: -2.23%
- 2027-2028: -2.29%
The Compound Annual Growth Rate (CAGR) over these five years highlights an average annual decline of 2.26% in volume per capita.
Future trends to watch for:
- Shifts in consumer preferences towards healthier lifestyles and non-alcoholic alternatives.
- Impact of regulatory changes and policies aimed at controlling alcohol consumption.
- Potential market opportunities for premium and niche alcoholic beverages to capture interest from selective consumer segments.
