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98元一瓶的辛巴赫 要当啤酒界的“钟薛高”?

郭媛 2026-08-03 09:03
郭媛 2026/08/03 09:03

邦小白快读

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这篇文章核心介绍了超高端精酿品牌辛巴赫的基本情况、运营模式和发展现状,相关干货整理如下:

1. 核心信息:辛巴赫2015年成立,选址绥芬河综合保税区,主打百元级超高端精酿,对标白酒商务场景,定位“白酒局第二瓶酒”,打法和早期钟薛高类似,靠高价筛选消费圈层。2025年销售额约3.15亿元,同比增长66%。

2. 市场现状:辛巴赫主打全球进口原料,靠多次控货停单打造稀缺性撑高价,线下依托白酒经销商,主打精酿酒吧和餐饮渠道,商超动销很差,线上布局京东、抖音、小红书等平台,但除了京东核心单品销量不错外,其余平台种草转化都很低。

3. 消费参考:目前消费者对超高端溢价接受度偏低,普通消费者如果追求性价比,不建议盲目为品牌叙事买单。

辛巴赫的超高端啤酒实践为啤酒品牌高端化提供了可参考的经验与教训,干货整理如下:

1. 可借鉴的玩法:品牌打造层面,可以提前通过国际权威赛事获奖打开知名度,跳出品类主流价格带,通过原料叙事、场景塑造、稀缺营销拉高品牌溢价,精准切割高端圈层市场。渠道层面,可以差异化切入白酒商务渠道,做“白酒局第二瓶酒”的差异化场景,填补市场空白。

2. 值得警惕的风险:单纯靠营销溢价支撑高价,缺乏大众刚需根基,稀缺叙事和扩张招商存在本质矛盾,扩渠道会稀释稀缺性,引发价格体系崩盘风险;全依赖进口原料,供应链受国际局势影响大,抗风险能力弱;线上价格管控不到位容易引发价格战,侵蚀经销商利润。

3. 行业趋势:当下消费回归理性,超高端高价产品的受众有限,头部品牌都在布局超高端赛道,未来竞争会更激烈,品牌高端化要平衡标杆价值和营收支撑的关系。

对于酒水卖家来说,辛巴赫的案例可以提供高端啤酒赛道的机会参考与风险提示,干货整理如下:

1. 赛道变化:当前啤酒高端化是明确趋势,百元超高端精酿有细分需求,但消费市场已经趋于理性,消费者对营销叙事的敏感度下降,对性价比的要求提升。同时国内头部啤酒企业、海外超级资本都在布局精酿赛道,未来会进入寡头竞争阶段,中小玩家的生存空间被持续压缩。

2. 可参考的玩法:辛巴赫依托白酒经销商体系,走高端圈层营销,靠控货停单维护价格盘的玩法,适合做小而美的小众品牌,但很难做大成为大众爆款。同时要注意啤酒保质期短,套用白酒控货玩法有产品过期贬值的风险。

3. 风险提示:布局超高端啤酒要注意管控全渠道价格,避免出现线上价格战冲击价盘;要注重终端动销,不能只靠渠道压货,否则经销商难以盈利,无法持续合作;还要提前布局供应链风险应对,避免原料断供影响经营。

对于啤酒生产工厂来说,辛巴赫的发展能提供产品定位、布局发展的相关启示,干货整理如下:

1. 产品生产与设计机会:当前啤酒市场高端化趋势明确,商务场景存在“白酒局第二瓶酒”的细分空白需求,工厂可以瞄准这个差异化场景,推出定位高端的差异化产品,满足细分市场需求。打造高端品牌可以提前布局国际赛事拿奖,用权威背书快速打开知名度,这个路径值得中小工厂借鉴。

2. 布局思路参考:辛巴赫选址绥芬河综合保税区,既靠近边境方便进口全球优质原料,又能享受保税区关税减免政策摊薄成本,这种选址思路对做高端进口原料产品的工厂有参考价值。

3. 需要警惕的问题:高端产品打造不要过度依赖进口原料,业内专家提出酒业“就地取材、因地制宜”才是长久发展的基础,全依赖进口会把命脉交到国际物流手中,遭遇贸易摩擦就容易停产;同时要平衡产能扩充和稀缺性塑造的矛盾,避免扩产后价格体系崩塌。

针对高端精酿服务的服务商,可以从辛巴赫案例中得到行业趋势、客户痛点、业务机会的相关干货,整理如下:

1. 行业发展趋势:国内啤酒行业持续向高端化升级,超高端精酿是资本关注的热门赛道,不仅有白酒资本跨界进入,也有不少品牌启动资本化IPO进程,未来赛道会升级为寡头竞争,大量中小品牌需要专业服务提升竞争力。

2. 核心客户痛点:当前超高端精酿品牌普遍存在多个共性痛点:一是线上运营能力不足,小红书种草运营不专业,抖音直播引流多但转化低,整体种草转化效果差;二是全渠道价格管控难,非授权店铺低价倾销冲击品牌价盘;三是供应链抗风险能力弱,过度依赖进口原料缺乏风险应对方案;四是无法平衡扩张招商和维持稀缺性的矛盾,缺乏专业战略指导。

3. 业务机会:服务商可以针对性推出高端精酿品牌线上代运营、全渠道价格管控咨询、供应链风险管理、品牌战略咨询等服务,满足品牌的差异化需求。

对于酒水电商平台来说,辛巴赫案例能反映高端品牌对平台的需求,以及平台运营可优化的方向,干货整理如下:

1. 高端品牌对平台的核心需求:超高端酒水品牌既需要平台提供官方品牌展示的阵地,维护高端品牌形象,也需要平台提供精准的高端用户流量,提升种草和转化效率,同时需要平台协助管控价格,打击非授权低价。

2. 当前存在的问题:现有平台对非授权店铺的低价管控力度不足,容易引发价格战,冲击品牌价格体系;小众高端品牌在平台流量分配中不占优势,很难进入品类热销榜单,自然流量不足,转化难以提升,辛巴赫在抖音就没能进入啤酒热销TOP10。

3. 平台优化方向:针对高端酒水品牌,可以推出针对性的招商和运营方案,一方面建立更严格的价格管控机制,打击非授权低价倾销,维护品牌价盘;另一方面针对小众高端品牌推出精准流量扶持,匹配高端圈层用户,帮助品牌提升转化,同时可以推出高端品牌专属的展示专区,强化品牌高端定位。

对于酒类产业研究者来说,辛巴赫案例反映了啤酒高端化进程中的新动向、新问题,核心干货整理如下:

1. 产业新动向:国内啤酒行业高端化持续深化,细分出百元级超高端精酿赛道,出现了白酒资本跨界进入啤酒行业,借用白酒的渠道运营、控货营销逻辑做啤酒的新商业模式,不少精酿品牌启动资本化进程,冲击“精酿第一股”的上市席位,赛道资本热度持续攀升。

2. 新出现的产业问题:这种跨界商业模式存在多个固有矛盾:一是稀缺性叙事和扩张招商存在本质冲突,招商扩渠道必然稀释稀缺性,冲击百元价格的核心支撑;二是啤酒保质期短的产品特性,和白酒控货停单的玩法不适配,容易出现产品过期贬值的问题;三是全进口原料模式存在供应链风险,不符合酒业“就地取材”的发展规律;四是单纯靠营销溢价支撑高价,缺乏大众刚需根基,消费回归理性后增长逻辑容易松动。

3. 研究启示:研究啤酒高端化不仅要关注头部企业的标杆超高端产品,还要关注这类以超高端产品为核心营收的小众品牌,研究跨界业态融合的适配性,以及高端化不同路径的可持续性。

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Quick Summary

This article outlines the basics, business model and current development of the ultra-premium craft beer brand Sinbach. Key takeaways are as follows:

1. Core background: Founded in 2015 and based in Suifenhe Comprehensive Bonded Zone, Sinbach positions itself as a 100-yuan (approx. $14) ultra-premium craft beer targeting business scenarios traditionally dominated by baijiu (Chinese liquor), billing itself as "the second bottle at baijiu gatherings". Similar to early-stage Zhongxuegao, its high price point acts as a filter to target niche high-end consumer groups. It projected 2025 sales of 315 million yuan, representing a 66% year-on-year increase.

2. Current market performance: Sinbach sources all raw materials globally and creates perceived scarcity by regularly halting shipments to support its high price. Offline, it relies on baijiu distributors and focuses on craft beer bars and food service channels, with very slow turnover in supermarkets. Online, it is available on JD, Douyin and Xiaohongshu, but only core SKUs on JD perform well, with low conversion from content marketing on other platforms.

3. Consumer takeaway: Consumer acceptance of ultra-premium beer price premiums remains low. For value-seeking general consumers, it is not recommended to blindly pay for the brand's narrative.

Sinbach's ultra-premium beer strategy offers valuable lessons and warnings for beer brands pursuing premiumization. Key takeaways are as follows:

1. Actionable strategies: For brand building, brands can gain early recognition by winning awards at international competitions, move outside the industry's mainstream price band, and build premium through raw material storytelling, scenario positioning and scarcity marketing to carve out a niche in the high-end market. For distribution, brands can differentiate by entering baijiu-focused business channels, filling the market gap as "the second bottle at baijiu gatherings".

2. Key risks to avoid: Relying solely on marketing-driven premiums to support high prices lacks a foundation in mass market demand. Scarcity storytelling is fundamentally incompatible with expansion and recruitment of new distributors: expanding distribution dilutes perceived scarcity and creates the risk of a collapse in price体系. Full reliance on imported ingredients leaves supply chains vulnerable to geopolitical shifts, resulting in low risk resilience. Inadequate online price controls easily trigger price wars that erode distributor margins.

3. Industry outlook: As consumption becomes more rational, ultra-premium high-priced products have a limited audience. With leading brands all entering the ultra-premium track, competition will intensify in the future. Brand premiumization requires a balanced approach between flagship value and revenue generation.

Sinbach's case offers valuable insights into opportunities and risks in the high-end beer track for alcohol sellers. Key takeaways are as follows:

1. Track dynamics: Premiumization is a clear trend in the beer industry today, and 100-yuan ultra-premium craft beer has niche demand. However, the consumer market has become more rational: consumers are less responsive to marketing storytelling and demand higher value. At the same time, domestic leading beer companies and global capital are all entering the craft beer space, and the market will move toward oligopolistic competition, continuously squeezing the room for small and mid-sized players.

2. Actionable strategies: Sinbach's model of leveraging baijiu distributor networks, marketing to high-end niche groups, and maintaining price stability by controlling inventory is suitable for building a small, profitable niche brand, but makes it very difficult to become a mass-market hit. Sellers should also note that beer has a short shelf life, so adopting baijiu-style inventory control carries the risk of product expiration and devaluation.

3. Risk warnings: For players entering the ultra-premium beer space, it is critical to control prices across all channels to avoid online price wars disrupting price体系. Sellers must also prioritize terminal sales rather than just pushing inventory to distributors, as unprofitable distributors will not sustain long-term partnerships. It is also necessary to plan in advance for supply chain risks to avoid operational disruption from raw material shortages.

Sinbach's development offers insights into product positioning and strategic layout for beer manufacturing plants. Key takeaways are as follows:

1. Product development opportunities: Premiumization is a clear trend in the current beer market, and there is an unmet niche demand for "the second bottle at baijiu gatherings" in business scenarios. Factories can target this differentiated scenario to launch distinct high-end products that meet niche market demand. To build a high-end brand, securing awards at international competitions early on for authoritative endorsement to quickly build recognition is a path worth adopting for small and mid-sized factories.

2. Site selection reference: Sinbach's location in Suifenhe Comprehensive Bonded Zone provides proximity to the border for easy import of high-quality global raw materials, while also allowing the brand to take advantage of tariff reductions in the bond zone to lower costs. This site selection approach is a useful reference for factories producing high-end products with imported ingredients.

3. Key risks to avoid: High-end product development should not over-rely on imported raw materials. Industry experts note that "sourcing locally and adapting to local conditions" is the foundation for long-term development in the alcohol industry. Full reliance on imports leaves production at the mercy of international logistics, and trade frictions can easily lead to shutdowns. Factories also need to balance the contradiction between capacity expansion and scarcity building to avoid a collapse in the price体系 after expansion.

Sinbach's case offers key insights into industry trends, client pain points and business opportunities for service providers serving the high-end craft beer segment. Key takeaways are as follows:

1. Industry trends: China's beer industry continues to upgrade toward premiumization, and ultra-premium craft beer is a hot track attracting capital attention. Not only baijiu capital is entering the space through cross-industry expansion, but a number of brands are also pursuing IPOs. The track will eventually consolidate into oligopolistic competition, leaving a large number of small and mid-sized brands in need of professional services to improve competitiveness.

2. Core client pain points: Ultra-premium craft beer brands generally share four key pain points: First, weak online operational capabilities: unprofessional content marketing on Xiaohongshu, and high traffic but low conversion from Douyin livestreaming, leading to poor overall conversion from content marketing. Second, difficulty managing prices across all channels, with unauthorized sellers dumping inventory at low prices that disrupt the brand's price体系. Third, low supply chain resilience, with over-reliance on imported raw materials and no contingency plans for risk. Fourth, inability to resolve the conflict between distribution expansion and maintaining perceived scarcity, requiring professional strategic guidance.

3. Business opportunities: Service providers can develop targeted offerings for ultra-premium craft beer brands, including online operational outsourcing, omnichannel price control consulting, supply chain risk management, and brand strategy consulting, to meet the differentiated needs of these brands.

For alcohol e-commerce platforms, the Sinbach case highlights what high-end brands need from platforms and directions for platform operation optimization. Key takeaways are as follows:

1. Core needs of high-end brands: Ultra-premium alcohol brands need platforms to provide an official brand showcase space to maintain their high-end brand image, deliver精准 high-end user traffic to improve content marketing and conversion efficiency, and assist with price management to crack down on unauthorized low-price sales.

2. Existing pain points: Current platforms do not do enough to crack down on unauthorized low-price sales, which easily triggers price wars and disrupts brand price体系. Niche high-end brands are also disadvantaged in platform traffic allocation, making it hard for them to enter category bestseller lists, resulting in insufficient organic traffic and low conversion. For example, Sinbach has not entered the top 10 best-selling beer list on Douyin.

3. Directions for platform optimization: Platforms can develop targeted recruitment and operation solutions for ultra-premium alcohol brands. On one hand, they can establish stricter price control mechanisms to crack down on unauthorized low-price dumping and protect brand price体系. On the other hand, they can provide targeted traffic support for niche high-end brands, matching them with high-end niche users to help improve conversion. Platforms can also launch exclusive showcase sections for high-end brands to reinforce their premium positioning.

For alcohol industry researchers, the Sinbach case reveals new trends and emerging issues in the premiumization process of China's beer industry. Key takeaways are as follows:

1. New industry trends: The premiumization of China's beer industry continues to deepen, giving rise to a segmented 100-yuan ultra-premium craft beer track. A new business model has emerged where baijiu capital enters the beer industry cross-sector, and applies baijiu's distribution operation and scarcity-based inventory control logic to beer. A number of craft beer brands have begun capitalization processes, competing to become the first publicly traded pure craft beer player, and capital enthusiasm for the track continues to rise.

2. New emerging industry issues: This cross-sector business model has several inherent contradictions: First, scarcity narrative is fundamentally in conflict with distribution expansion, as expanding distribution will inevitably dilute perceived scarcity and undermine the core support for the 100-yuan price point. Second, beer's short shelf life is incompatible with baijiu-style inventory halting practices, creating a high risk of product expiration and devaluation. Third, the all-imported raw material model carries supply chain risks and runs counter to the industry principle of local sourcing. Fourth, relying solely on marketing-driven premiums to support high prices lacks a foundation in mass consumer demand, so the growth logic becomes fragile once consumption becomes more rational.

3. Research implications: Research on beer premiumization should not only focus on flagship ultra-premium products from leading brands, but also pay attention to niche brands that rely entirely on ultra-premium products for core revenue. Future research should explore the compatibility of cross-sector business model integration and the sustainability of different premiumization paths.

Disclaimer: The "Quick Summary" content is entirely generated by AI. Please exercise discretion when interpreting the information. For issues or corrections, please email run@ebrun.com .

I am a Brand Seller Factory Service Provider Marketplace Seller Researcher Read it again.

一瓶啤酒,原料从产地到工厂需要累计跨越3.14万公里,700ML售价98元,你会买吗?

辛巴赫就是生产这种超高端啤酒的公司——成立于2015年,坐落在绥芬河综合保税区,这个选址既靠近中俄边境,衔接远东最大港口海参崴,方便进口全球优质原料。同时享受保税区关税减免政策,能摊薄一部分成本。

目前,辛巴赫锚定的是名优白酒市场,作为“白酒局的第二瓶酒”出现,但与白酒相比,啤酒的面子不够;与其他啤酒相比,其性价比又有所欠缺。当下名优白酒消费正持续承压,辛巴赫的啤酒增长又会如何?

值得一提的是,辛巴赫的打法极易让人想起曾经的钟薛高,二者逻辑高度相似,均跳出品类主流价格带,依靠叙事、包装、场景塑造拉高品牌溢价,用高价完成消费者圈层筛选。钟薛高依靠几十元定价打破雪糕价格天花板,辛巴赫则把啤酒价格拉至百元区间。

眼下,辛巴赫试图以“全球化供应链+本土化酿造”的创新模式,持续打造百元超高端啤酒。但这究竟是其品质基础,还是营销噱头?随着啤酒高端化持续放缓以及市场竞争加剧,辛巴赫能否掌握市场的主动权?

01 谁在为百元啤酒买单?

回顾辛巴赫的来时路,在公司还未正式成立之前,其选择先在国际赛事上打开知名度。

2015年,辛巴赫研发的“功夫麻椒”啤酒获比利时布鲁塞尔啤酒挑战赛银奖。同年,黑龙江辛巴赫生物科技有限公司正式成立。2016年,其“珠峰艾尔”啤酒又在上述比赛中获金奖,9月其啤酒工厂开始动工建设。

2018年下半年,工厂顺利建成并进入试生产阶段,公司宣称全系产品均采用西班牙铁丝扣和葡萄牙软木塞作为包装材料,优选澳大利亚麦芽、美国酒花及比利时酵母等全球酿酒原料。

2019年,辛巴赫的产品正式投向市场,一出手就卖98元,当时中国啤酒市场的主流价格仍在几块钱到十几块钱之间,其带给市场的震惊程度不亚于听花酒的标价秒杀茅台。

贵阳酒商陈剑强告诉「创业最前线」:“实际上,8元以上的啤酒通常就可以认为是高档产品,市场上精酿啤酒的价格也主要集中在10-30元之间,而辛巴赫的价格上移了很多。”

辛巴赫对标名优白酒的消费场景,致力于成为“商务酒局第二瓶酒”,其定价最大众化的产品为20元的314酒花小麦,其销售额超全品牌50%的核心大单品OAK橡木桶精酿(700ML)定价更是近百元。

辛巴赫的“白酒基因”从何而来?这是因为其股东是东北白酒大商王笑卓和其长期事业合伙人巩建,以及港股白酒第一股珍酒李渡的董事长吴向东。

据辛巴赫公开数据,2024年,辛巴赫啤酒产量5000吨,销售额1.9亿元;2025年,辛巴赫销量突破7000吨。

在2025年年底的“十年,在时间里向上”辛巴赫「大金奖」&「马年生肖」双品上市发布会上,辛巴赫总裁王笑卓曾提到辛巴赫2025年的销售额同比增长66%,以此计算辛巴赫2025年的销售额约3.15亿元。

那么,近百元一瓶的辛巴赫,究竟都是谁在买?

在渠道层面,辛巴赫选择用白酒的逻辑卖精酿,通过发展传统的名白酒经销商代理。天眼查显示,辛巴赫分别在黑龙江、厦门、上海、海南、哈尔滨等地成立了片区公司,通过片区公司管理经销商。

还通过搭建辛巴赫高端联盟体“辛鹏荟”等系列举措来提升其对市场的控制力,通过“经销商-核心网点-终端消费者”路径搭建高端酒业联盟网络,实现精酿向高端白酒渠道的圈层突围。

辛巴赫采用白酒的方式运营市场,同样也面临着名白酒所面临的量价问题。据酒业家报道,在2019-2023年间,由于辛巴赫对线上产品投放没有系统性规划,导致大量授权、非授权的店铺在线上打起“价格战”。

中国酒业独立评论人肖竹青告诉「创业最前线」,辛巴赫整个的盈利模式,目前来讲有渠道压货的,辛巴赫浙江省总代理浙江商源商贸公司一年可以卖1亿元的辛巴赫啤酒,但是不挣钱,因为整个市场推广的成本巨大,营销费用高昂,这也是其未来可持续发展的一个障碍。

「创业最前线」注意到,辛巴赫主要通过精酿酒吧以及与餐饮店合作售卖,但在商超渠道动销不足。我们走访贵阳多家商超市并没发现辛巴赫产品的身影;在外卖平台上,也仅有歪马送酒、金迪酒业等几家酒水专卖店售卖。

从线上来看,辛巴赫布局了京东、抖音、小红书天猫等主流电商平台,京东是核心销售以及官方形象展示阵地,目前其京东辛巴赫精酿ZINNBACH啤酒旗舰店销售得最好的两款产品为OAK和314,销量为3万+,其余产品销售量均在数百到数千之间。

小红书平台主打种草,关于辛巴赫的宣传用语多为“国产啤酒中的劳斯莱斯、啤酒里的贵族”等字眼,主要强调其高端定位。

辛巴赫从2023年8月9日开始入驻小红书,但账号运营并不积极,2026年只发布了10条笔记,5月9日后再无更新,笔记内容主要为饮用场景以及产品特点的简单展示。其店铺销量最高的一款产品为314精酿白啤,销量仅为18,种草转化较低。

有米云数据显示,近30天内,抖音辛巴赫精酿官方旗舰店直播引流素材和商品广告素材分别为104和34,均呈现出明显的上升趋势,素材主要为其核心大单品OAK橡木桶啤酒精酿啤酒,但并未带来太高转化。

「创业最前线」查询有米云数据也发现,辛巴赫抖音店铺的C位属于OAK橡木桶精酿啤酒,但在抖音近30天的热销榜单上,啤酒品类TOP10多为传统啤酒品牌、大众啤酒、中式精酿等,并未出现辛巴赫的身影。

从抖音这一线上渠道可得知,啤酒消费者更青睐性价比优势较为突出的产品,而辛巴赫在这一点上并不具优势。

02 控货、停单,靠稀缺叙事支撑高价

是什么撑起了辛巴赫近百元的价格?答案是供应链。

辛巴赫的商业故事,是全球高端精酿啤酒逻辑:全球进口原料,产能刚性天花板,每年产量有限,靠“稀缺”两个字撑近百块的定价。

但这套逻辑成立的前提是,辛巴赫必须在渠道端极度克制,严格控制经销商数量和供货量。如若经销商群体快速庞大并提供稳定的供货,原有的稀缺价值便会大打折扣。

辛巴赫深谙此道。2025年,辛巴赫在1月发布停货通知、6月宣布暂停招商、9月宣布停售订单;2026年春节期间,辛巴赫也发布了停止接收全国经销商订单的通知,辛巴赫给出的理由均为保障品质、护价盘,停货时间通常为1-2个月。

多次停货背后,或许也有产能短板的原因。2025年,辛巴赫启动‌增产3.5万千升精酿啤酒及集合仓储项目‌,项目建成后全厂啤酒年总产能将达5万千升,预计2026年底完工。据此,「创业最前线」向辛巴赫求证,当产能达到一定规模时,其又将如何维持稀缺价值?但截至发稿未获回复。

更核心的矛盾在于,在打造稀缺价值的同时,辛巴赫又在持续扩大经销版图,二者本质相互冲突:随着招商规模持续扩大、终端铺货量逐步提升,必然导致稀缺属性弱化,百元价格的核心支撑便不复存在,价格体系崩盘风险随之加剧。

更进一步看,辛巴赫的高端化标签,主要建立在全球采购之上,从啤酒原料到包装,全部依赖于进口,将企业的命脉掌握在了国际物流手中,一旦遭遇贸易摩擦或海运受阻,生产线将面临停摆的危险。

此前中国酒业协会秘书长何勇曾明确指出,从全世界各种酒类发展的轨迹和逻辑来看,酒业需要“就地取材,因地制宜”,没有本土化原料作保障,就没有未来。

且当下消费市场持续趋于理性,“超品原料”的营销话术早已让消费者见惯不怪,很难再为一瓶“全球飞一趟”的啤酒付出高昂代价。

此外,在白酒行业控量、停货、严控窜货是成熟手段,但放在保质期有限的啤酒品类,这套操作充满争议。啤酒本身属于快消饮品,保质期有限,过了最佳饮用期限,其价值随即归零。

03 用白酒逻辑做啤酒,会走“钟薛高”的老路吗?

酒业跨界融合向来争议不断,如金沙、金种子、景芝用啤酒逻辑做白酒,但从目前这些企业的业绩来看,均没有实现“啤+白≥2”的效果。

而辛巴赫用白酒的逻辑做啤酒,能走得通吗?

啤酒营销专家方刚告诉「创业最前线」,辛巴赫近百元的价格,原料成本确实高,但更多靠“白酒圈层”讲出故事。旺季主动停单、控招商,说明有真实动销。但从长远来看,啤酒保质期短,没有金融属性,一旦产能过分放大、经销商过分变多,稀缺感就会稀释,价格不容易稳住。

“天花板就摆在那,可以做得小而美,但难成百万吨级的大众爆款。”方刚说。

另一方面,行业竞争的持续加剧,进一步压缩了辛巴赫的生存空间。

2021年,华润啤酒推出自己的标杆产品雪花醴,999ml两瓶礼盒装的价格在千元上下,2023年其又推出醲醴,990ML一瓶礼盒装1119元;青岛啤酒在2022年推出了超高端艺术典藏啤酒一世传奇,1.5L礼盒装价格在千元以上;珍酒李渡推出牛市啤酒定价88元/瓶……

但这些产品并非为了流通,只是作为品牌高度的象征,其标杆价值大于终端价值。

但对辛巴赫而言,超高端百元单品是其核心营收支柱,区别于头部品牌的标杆属性,一旦核心产品动销不畅,将直接拖累整体业绩。

当下,精酿赛道已从小众蓝海转为寡头竞争赛道。

肖竹青表示,国内啤酒巨头近年都在布局精酿啤酒赛道,过去精酿啤酒赛道是小资本,但如今布局精酿啤酒赛道的都是超级资本,世界500强泰国正大集团也即将在中国推出巴伐利亚啤酒。

“所以,未来的精酿啤酒赛道都是寡头竞争,有品牌、有团队、有网络、有体系,对现有的这些精酿啤酒巨头将产生巨大的影响。”肖竹青说。

在资本市场层面,精酿赛道热度持续攀升。

今年年初,金星啤酒开启港股IPO征程,冲击“中式精酿第一股”;而辛巴赫也曾披露出IPO的计划,如顺利上市,大概率成为“中国高端啤酒第一股”。不过,相较适配大众市场的金星啤酒,辛巴赫的白酒圈层打法受众更窄、市场容错率更低。

总体来看,辛巴赫的“高端定位、小众市场”打法和当年的钟薛高确有相似之处,但钟薛高的结局早已证明,单纯依靠营销溢价支撑的高价消费品牌,缺乏产品刚需与大众市场根基,一旦行业环境、消费趋势发生变动,增长逻辑便会快速松动。

依靠全球原料叙事、白酒渠道打法与稀缺控货策略撑起百元定价的辛巴赫,在消费回归理性、头部啤酒高端产品持续分流客群的时代,究竟能否稳住百元价格体系,走出小众困局并兑现上市预期?

注:文/郭媛,文章来源:创业最前线(公众号ID:chuangyezuiqianxian),本文为作者独立观点,不代表亿邦动力立场。

文章来源:创业最前线

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FAQ回顾

辛巴赫啤酒是什么定位的品牌?

辛巴赫是2015年成立的超高端精酿啤酒品牌,采用“全球化供应链+本土化酿造”模式,核心大单品700ML OAK橡木桶精酿定价近百元,主打商务酒局场景,对标名优白酒消费。

辛巴赫百元价位的啤酒靠什么支撑高价?

辛巴赫的高价依托三大逻辑支撑,一是优选澳大利亚麦芽、美国酒花等全球高端原料及进口包装材料;二是通过多次停货、暂停招商塑造产品稀缺属性;三是用白酒圈层打法拉高品牌溢价。

用白酒逻辑运营啤酒存在哪些风险?

啤酒属于保质期有限的快消饮品,不具备白酒的金融属性,一旦产能放大、经销商数量增多,产品稀缺感会快速稀释,价格体系难以维持,同时还需承担高昂的市场推广成本。

辛巴赫啤酒的主要销售渠道有哪些?

辛巴赫主要通过白酒经销商搭建销售网络,线下布局精酿酒吧、合作餐饮网点,线上布局京东、抖音、天猫等主流电商平台,京东是其核心销售与品牌展示阵地。

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