China Business Intelligence Network News: Coffee is a beverage made from coffee beans that have been roasted and ground. As one of the world's three major beverages, it is the main drink popular in the world along with cocoa and tea. By product classification, the coffee products currently sold in the market include freshly ground coffee, instant coffee, ready-to-drink coffee, ground coffee, coffee beans, espresso liquid, hanging ear coffee and other coffee products.
With the formation of national coffee consumption habits, the further sinking of the coffee market and the upgrading of the quality and quality of coffee demand, the coffee industry has maintained rapid growth. According to the "2024-2029 China Coffee Industry Market Development Status and Potential Analysis Research Report" released by the China Business Industry Research Institute, the average annual drinking volume of Chinese will rise to 16.74 cups in 2023, and the scale of the national coffee industry will reach 265.4 billion yuan. Analysts at the China Business Industry Research Institute predict that the scale of China's coffee industry will increase to 313.3 billion yuan in 2024, with an average annual compound growth rate of 17.14% in the past three years.
Data source: Meituan, China Business Industry Research Institute
In recent years, with the gradual rise of Chinese coffee culture, coffee has become a part of people's social and cultural life, and the number of coffee shops in major cities in China has continued to grow. According to the data, the number of coffee stores in Shanghai will total 9,553 in 2023, an increase of 1,023 from last year, and the total number of stores will continue to lead the country. In addition, the data of stores in major coffee cities show that Guangzhou, Beijing, Shenzhen, and Chengdu rank 2-5 respectively.
Data source: Meituan, China Business Industry Research Institute
From the perspective of coffee brands, as of March 2024, there are a total of 52,308 domestic chain coffee stores. Among them, 77% of the country's stores are occupied by the top 10 chain coffee brands. Luckin occupies the first place with 35% of the number of stores, followed by Starbucks, an established coffee chain, with 14%, and Cudi Coffee followed with 12%.
Data source: Meituan, China Business Industry Research Institute
For more information, please refer to the "Research Report on Market Prospects and Investment Opportunities of China's Coffee Industry" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides industrial big data, industrial intelligence, industry research reports, industry white papers, industry status certificates, feasibility study reports, industrial planning, industrial chain investment map, industrial investment guidelines, industrial chain investment investigation & promotion meeting, "15th Five-Year Plan" and other consulting services.