1, the market competition is fierce: Ningbo Hongwanshou glutinous rice wine faces competition in the market, and other brands of glutinous rice wine also occupy market share, and the market competition is intensified. Hongwanshou glutinous rice wine has not received attention and support in the market, thus disappearing.
2. Rising production cost: With the rising prices of raw materials and production costs, it is no longer economically feasible to produce Hongwanshou glutinous rice wine. In order to remain competitive, manufacturers choose to stop production and turn to produce more economical products.