Coffee review

Cafes in China will continue to grow

Published: 2024-11-08 Author: World Gafei
Last Updated: 2024/11/08, The survey shows that the coffee franchise industry is growing at a rate of 25%. It is estimated that by the end of 2018, the number of coffee shop chains in China is expected to reach about 10600, not including creative cafes living in the corners of the city.

In recent years, the number of cafes in China has shown a trend of steady growth, and the growth rate has gradually increased. In 2012, the retail scale of cafes in China reached 53.84 billion yuan, and the retail scale of chain cafes exceeded 14.7 billion yuan. The survey shows that the coffee franchise industry is growing at a rate of 25%. It is estimated that by the end of 2018, the number of coffee shop chains in China is expected to reach about 10600, not including creative cafes living in the corners of the city.

In recent years, international brands compete with first-tier cities one by one. Starbucks reported third-quarter net profit of $417.8 million, up 25.4% from the same period in 2012. Global same-store sales increased by 8%, with same-store sales in China and other Asia-Pacific regions up 9%. COSTA, which only entered the Chinese market in 2007, has also completed round after round of horse racing enclosure. COSTA is expanding at a crazy rate, completing a leap from 101to 200in a year, and the 200th COSTA store in China was completed in 2012.

Deep-pocketed cafes seem to be sorry for the meaning of the word "chain" if they don't expand. In addition, it is understood that in addition to competing for market share in first-tier cities, many international coffee giants also set their sights on second-tier cities.

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