Coffee Industry Analysis In China

As of september 2019 luckin coffee has opened more than 3 000 stores across the country and is rapidly moving onto the turf of other competitors in china s coffee industry.

Coffee industry analysis in china. The coffee industry in china has grown substantially over the past 30 years with a 15 year on year growth rate in 2019. While the number hovers at around just 10 and 15 of the current consumption in the european. Hanson lu coffee consumption in china. Grinder report is in depth investigation for a global market.

Global and china coffee bean grinder market industry analysis 2019. According to the report thanks to the rapid development of the internet industry and take out delivery mode the coffee market in china is growing rapidly especially the freshly ground coffee. China coffee market is projected to grow at a cagr of 10 15 during the forecast period. Coffee bean grinder market was valued at usd xx million globally in 2018 and is forecasted to reach usd xx million by 2024 with a cagr of xx during the 2018 2024.

An analysis proposed by gma. The quality efficiency and diverse choices offered in the instant whole bean and single serve coffee are responsible for the growth witnessed in the coffee market in china. Coffee market in china. China has long been based on its history a tea drinker country more than 2700 years bc in china the mythical emperor was known as the emperor of the five grains also called shennong discovered accidentally the tasty flavor of herbal tea when a camellia tree leaf fell and infused in its warm water cup.

The us department of agriculture s 2018 report on the coffee market shows that the chinese domestic consumption of coffee has almost doubled over the past four years. Let s first understand the country s coffee consumers. The great wall of china.