The turnover of the wholesale of beverages in China has shown various fluctuations over the past decade. From 2013 to 2015, the industry experienced strong growth with year-on-year increases reaching up to 10.77% in 2015. However, the following years saw a decline, notably in 2016 and 2017, where turnovers decreased by 4.46% and 9.12% year-on-year respectively. The industry saw some recovery in 2018 and 2019, but 2020 marked a notable drop of 11.23% due to the global pandemic. Post-pandemic years have shown a steady recovery with a significant 10.91% increase in 2021, bringing the turnover to 948.39 hundred million yuan in 2021. As of 2023, turnover stood at 1000.0 hundred million yuan, representing a 3.19% year-on-year growth.
The forecasted data from 2024 to 2028 predicts moderate and stable growth, with the turnover reaching 1030.0 hundred million yuan by 2028. This reflects a cautious market optimism with an average forecasted 5-year CAGR of 0.32%, suggesting the market will grow, albeit at a slower pace compared to historical growth rates.
Future trends to watch for include the impact of changes in consumer preferences towards healthier beverage options, increased regulatory measures, and the potential growth in e-commerce platforms impacting wholesale distribution channels. Additionally, sustainability practices and innovations in packaging could play a significant role in shaping market dynamics.
