China Coffee Market Exhibits Steady Growth with Projected CAGR of 1.90% from 2024 to 2029 [Yahoo! Finance]
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Source: Yahoo! Finance
Dublin, March 28, 2024 (GLOBE NEWSWIRE) -- The "China Coffee - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029" report has been added to ResearchAndMarkets.com's offering. The Chinese coffee market has shown a promising growth trajectory, with an estimated valuation of USD 2.1 billion in 2024 and a forecast to reach USD 2.3 billion by 2029. This expansion reflects a compound annual growth rate (CAGR) of 1.90% over the forecast period. Spurred by increasing accessibility through the burgeoning presence of coffee shops and e-commerce platforms, coffee's popularity continues to rise among Chinese consumers. Increasing Popularity of Coffee in China The sustained growth is supported by a compound of factors, including the robust expansion of both international and domestic coffee chains, such as Luchin Coffee and more renowned names like Starbucks. These coffee houses have significantly increased coffee accessibility throughout China, contributing t
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