Forecast: Coffee Market Size Volume in China

The coffee market in China has shown significant growth and fluctuations over the past decade. From 2014 to 2023, the market volume increased from 78.0 thousand metric tons to 122.0 thousand metric tons, representing a substantial growth trajectory despite some periods of decline. Notably, the market saw major increases in 2017 and 2018 with year-on-year growth rates of 12.35% and 27.47% respectively. However, there was a contraction in 2019 and 2020, with declines of -4.31% and -2.43%. Recent years have marked a return to growth, evidenced by a 2.52% increase in 2023.

Looking ahead, from 2024 onwards, the coffee market in China is forecasted to continue growing, reaching 135.9 thousand metric tons by 2028. The projected five-year CAGR stands at 1.72%, indicating a steady albeit moderate growth trend. Overall, the market's five-year growth rate is anticipated to be 8.89%.

Future trends to watch for include:

• Increasing consumer preference for premium and specialty coffee products.
• Growing demand from younger demographics, driven by lifestyle changes and urbanization.
• The impact of e-commerce and new retail formats on coffee consumption patterns.
• Potential supply chain challenges and sustainability concerns affecting raw material prices and availability.
• Emerging health and wellness trends influencing consumer choices towards organic and ethically sourced coffee.