China’s Wine Industry to Grow by Over 18%
China’s Wine Industry to Grow by Over 18%
Mar 18, 2010 6
(PR Log) – 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.
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