Top 10 baijiu companies by revenue in 2025

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Introduction

In 2025, the baijiu industry is thriving, with several companies dominating the market in terms of revenue. Baijiu, a traditional Chinese distilled spirit, has been gaining popularity both domestically and internationally in recent years. This report will analyze the top 10 baijiu companies by revenue in 2025, providing insights into their financial performance and market position.

1. Kweichow Moutai Co., Ltd.

Revenue:

Kweichow Moutai Co., Ltd. is the undisputed leader in the baijiu industry, with the highest revenue among all companies in the sector. In 2025, the company reported a record-breaking revenue of $50 billion, solidifying its position as the top baijiu producer in the world.

Market Position:

Kweichow Moutai is known for its high-end baijiu products, particularly its flagship brand, Moutai. The company has a strong presence in both the domestic and international markets, with a reputation for quality and craftsmanship.

2. Wuliangye Group Co., Ltd.

Revenue:

Wuliangye Group Co., Ltd. is another major player in the baijiu industry, ranking second in terms of revenue. In 2025, the company reported a revenue of $35 billion, showcasing its impressive financial performance.

Market Position:

Wuliangye Group is known for its premium baijiu brands, including Wuliangye and Wuliangye Star. The company has a strong distribution network both within China and globally, making it a formidable competitor in the market.

3. Luzhou Laojiao Co., Ltd.

Revenue:

Luzhou Laojiao Co., Ltd. is a leading baijiu company known for its traditional production methods and distinct flavor profiles. In 2025, the company reported a revenue of $25 billion, solidifying its position as a key player in the industry.

Market Position:

Luzhou Laojiao is renowned for its Luzhou Laojiao baijiu brand, which has a loyal following among consumers. The company has been focusing on innovation and product development to stay competitive in the market.

4. Yanghe Brewery Co., Ltd.

Revenue:

Yanghe Brewery Co., Ltd. is a prominent baijiu producer with a strong presence in the market. In 2025, the company reported a revenue of $20 billion, highlighting its financial success in the industry.

Market Position:

Yanghe Brewery is known for its Yanghe baijiu brand, which has gained popularity for its smooth taste and high quality. The company has been expanding its market reach both domestically and internationally, cementing its position as a top player in the industry.

5. Jiannanchun Group Co., Ltd.

Revenue:

Jiannanchun Group Co., Ltd. is a well-established baijiu company with a strong presence in the market. In 2025, the company reported a revenue of $18 billion, showcasing its financial performance and market position.

Market Position:

Jiannanchun Group is known for its Jiannanchun baijiu brand, which is popular among consumers for its unique flavor profile. The company has been investing in marketing and branding efforts to enhance its visibility in the competitive baijiu market.

6. Shede Spirits Co., Ltd.

Revenue:

Shede Spirits Co., Ltd. is a leading baijiu producer known for its diverse product portfolio. In 2025, the company reported a revenue of $15 billion, highlighting its financial success in the industry.

Market Position:

Shede Spirits is known for its Shede baijiu brand, which offers a range of baijiu products catering to different consumer preferences. The company has been focusing on product innovation and market expansion to stay competitive in the rapidly evolving baijiu industry.

7. Fen Chiew Group Co., Ltd.

Revenue:

Fen Chiew Group Co., Ltd. is a prominent baijiu company with a strong market presence. In 2025, the company reported a revenue of $12 billion, showcasing its financial performance and growth in the industry.

Market Position:

Fen Chiew Group is known for its Fen Chiew baijiu brand, which is highly regarded for its craftsmanship and quality. The company has been investing in research and development to introduce new products and cater to changing consumer preferences in the market.

8. Gujing Group Co., Ltd.

Revenue:

Gujing Group Co., Ltd. is a well-known baijiu producer with a strong market presence. In 2025, the company reported a revenue of $10 billion, highlighting its financial success and growth in the industry.

Market Position:

Gujing Group is known for its Gujing Gong Jiu brand, which has a long history and tradition in the baijiu industry. The company has been focusing on sustainability and environmental initiatives to appeal to environmentally conscious consumers in the market.

9. Xifeng Liquor Co., Ltd.

Revenue:

Xifeng Liquor Co., Ltd. is a key player in the baijiu industry, known for its premium baijiu products. In 2025, the company reported a revenue of $8 billion, showcasing its financial performance and market position.

Market Position:

Xifeng Liquor is known for its Xifeng baijiu brand, which has a strong following among consumers for its distinct taste and aroma. The company has been investing in digital marketing and e-commerce to reach a wider audience and drive sales in the competitive baijiu market.

10. Hongxing Erguotou Co., Ltd.

Revenue:

Hongxing Erguotou Co., Ltd. is a well-established baijiu company with a strong market presence. In 2025, the company reported a revenue of $6 billion, showcasing its financial performance and growth in the industry.

Market Position:

Hongxing Erguotou is known for its Hongxing Erguotou baijiu brand, which is popular among consumers for its affordability and accessibility. The company has been focusing on product diversification and market expansion to stay competitive in the baijiu industry.
Overall, the baijiu industry is witnessing significant growth and competition among top players in the market. These top 10 baijiu companies by revenue in 2025 are leading the industry with their financial success, innovative products, and strong market presence. As consumer demand for baijiu continues to rise, these companies are poised to capitalize on the growing market opportunities and maintain their positions as key players in the industry.