白酒降度到底有多难？五粮液重启29度产品

Core Viewpoint - Leading liquor companies are increasingly focusing on low-alcohol products, indicating a potential shift in the Chinese liquor market towards "low-alcohol" competition [1] Group 1: Company Developments - Wuliangye (000858) has announced the launch of a 29-degree product called "Wuliangye·Yijianqingxin" and has developed three different flavor samples [1] - Luzhou Laojiao (000568) has successfully developed a 28-degree Guojiao 1573 and is considering even lower alcohol products [1] - Shui Jing Fang is set to introduce products below 38 degrees in specific regions [1] - Jiu Gui Jiu (000799) is advancing the development of low-alcohol products with plans to launch various degrees by the end of July [1] Group 2: Market Perception and Challenges - There is skepticism in the consumer market regarding the necessity of developing low-alcohol products, with some questioning if simply diluting alcohol is sufficient [3][5] - Traditional views equate higher alcohol content with quality, leading to consumer misconceptions about low-alcohol products being merely diluted [7][8] Group 3: Technical Aspects of Low-Alcohol Production - The production of low-alcohol liquor is technically more challenging than high-alcohol liquor, requiring sophisticated methods rather than simple dilution [9][11] - Techniques for producing low-alcohol liquor include "reduction manufacturing" and "addition manufacturing," which involve complex processes to maintain quality [9][11] - Wuliangye has developed advanced filtration and flavor balancing techniques to ensure low-alcohol products maintain their quality and appeal [21][23] Group 4: Historical Context and Market Trends - The exploration of low-alcohol liquor dates back to the 1970s, with various companies attempting to innovate in this space [12][14] - The market for low-alcohol liquor is projected to grow significantly, with production share expected to rise from 15% in 2022 to over 25% by 2024, and market size anticipated to exceed 75 billion yuan by 2025 [24][26] - As consumer preferences shift towards healthier and smoother drinking experiences, low-alcohol products are increasingly seen as a solution for the liquor industry [24][26]