China Coffee Market Expected to Rise at 2.10% CAGR During 2024-2032

China Coffee Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 2.10% (2024-2032)

As China middle class is expanding, disposable incomes are increasing, leading to higher spending on premium and lifestyle products, including coffee. According to IMARC Group, China coffee market size reached USD 19.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 23.0 Billion by 2032, exhibiting a growth rate (CAGR) of 2.10% during 2024-2032.

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China Coffee Industry Trends and Drivers:

China middle class is growing. Rising household income is also helping the coffee market grow. More people are gaining financial stability. So, they are willing to spend more on quality lifestyle products, like coffee. More consumers are showing enthusiasm as they explore different coffees. This shift has led many to adopt a coffee-centered lifestyle. More young people are choosing a Western lifestyle. This shift is due to urbanization and global trends. Daily coffee drinking is a big part of this change. Urban life has boosted the need for quick, easy products. This trend is especially strong in cities. As a result, more people are drinking RTD coffee and ordering takeaways. International and domestic coffee chains have made coffee more accessible. These chains are expanding at a rapid pace, especially in first-tier cities. They are now also reaching second, third, and fourth-tier cities. Coffee is now a popular drink. You can find it in cafés, convenience stores, supermarkets, and vending machines. E-commerce platforms have made it easier to buy coffee products. You can find roasted beans, brewing devices, and instant drinks online.

Health-conscious consumers are boosting the Chinese coffee market. The demand for healthier drinks is rising, too. Specialty and organic coffee varieties are growing in popularity. Many see them as a better choice than sugary drinks. This shift is great for industry investors. They want to take advantage of changing consumer tastes. Coffee products like cold brew, nitro coffee, and flavored infusions are changing the market. They attract more customers and offer exciting choices. Coffee workshops, tasting events, and barista training programs teach consumers about better coffee. This effort helps grow the coffee culture in China. These efforts help China grow its coffee culture. They also encourage consumers to spend more on premium and specialty coffee. China's economic growth has boosted consumer spending. Now, more people can enjoy high-end coffee experiences. The Chinese coffee market is set to grow. This growth comes from changing lifestyles. Better digital access and a higher demand for quality coffee products also play a role.

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China Coffee Industry Segmentation:

The report has segmented the market into the following categories:

Product Type Insights:

● Whole-bean
● Ground Coffee
● Instant Coffee
● Coffee Pods and Capsules

Distribution Channel Insights:

● On-trade
● Off-trade
● Supermarkets and Hypermarkets
● Specialty Stores
● Convenience Stores
● Online Retail Stores
● Others

Regional Insights:

● North China
● East China
● South Central China
● Southwest China
● Northwest China
● Northeast China

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2018-2023)
● Market Outlook (2024-2032)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current, and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.