Coffee review

The prospect of the huge coffee market has attracted the covet of many foreign brands.

Published: 2024-11-03 Author: World Gafei
Last Updated: 2024/11/03, It is believed that the next 10 years will be an explosive period. At present, whether it is coffee consumption or coffee cultivation, China's industry position appears to be a bit awkward. A reporter from the Daily Economic News previously reported that as a producing area, the output of coffee beans in China is limited, accounting for less than 1% of the world's coffee consumption. Jia Benzhi, senior analyst of coffee industry at Kunming Fumin Import and Export Co., Ltd.

It is believed that the next 10 years will be an explosive period.

At present, China's position in the industry is somewhat awkward, whether it is coffee consumption or coffee cultivation.

A reporter from the Daily Business News has previously reported that as a producing area, China's coffee bean production is limited, accounting for less than 1% of the world's coffee consumption. Jia Ben, a senior coffee industry analyst at Kunming Fumin Import and Export Co., Ltd., pointed out that China's coffee bean consumption may not be as optimistic as some institutions predicted (some organizations predicted that China's coffee bean demand in 2015 would reach 180000 tons). According to its estimates, the annual consumption of the domestic coffee market is only about 80,000 tons.

However, there is no doubt that the consumption potential of China's coffee market is huge. The report on Investment Analysis and Prospect of China's Coffee Industry from 2016 to 2020 released by CIC consultants said that coffee is not popular in China, but this populous country with a small coffee market is creating the fastest growth in the world. Coffee consumption is growing at an average rate of more than 25% a year. According to a separate report written by Guanyanxia, according to a growth rate of more than 15% a year alone, China's coffee market will have 300 billion yuan by 2020.

"the next 10 years will be an explosive period for the Chinese coffee market. After coming in, we will make the cake bigger together." Zhu Danpeng told reporters that in the next five years, because there is room for development in the market, the sales of many coffee brands will increase. However, five years later, the industry has gradually developed and matured and may enter the reshuffle stage.

Jia Ben pointed out that if the era of ordinary people drinking a cup of coffee with only a few yuan as drinking tea comes, it will mean that China has really become a big coffee consumer.

Bai Xiaofan, CEO of Wheelys China, told the Daily Business News that the brand had taken the lead in recruiting operators in Shanghai in August. Now, it has decided to speed up the steps to open up the national market. It is planned that Wheelys will expand at least 30 "stores" (smart coffee cars) by the end of 2016 and 200 operators across the country in the next five years.

Bai Xiaofan said that Wheelys is not to face direct competition with Starbucks and other companies, the reason why the overall layout in China began to accelerate, is to see the scale of this field. Wang Weixian, founder of Wheelys China Industrial Fund, believes that the size of China's coffee market may reach trillions in the future.

"now coffee is growing very fast, and Starbucks is still racing the enclosure, which is an opportunity." Bai Xiaofan said that compared with Starbucks, its image is younger, and the cost is more advantageous after saving store rent. In the future, there will be coffee at all levels in China, and there will be no conflict.

However, many industry insiders also said that brands that adopt the new model to enter the Chinese market still face many challenges. Zhu Danpeng, a commentator of the Chinese food industry, pointed out to reporters that it is difficult to determine whether Wheelys can successfully enter China. "similar to the regional joining model, the risk is higher, if it is not the full direct operation model, the quality and service is difficult to achieve standardization. In addition, it belongs to light asset operation, and it is necessary to have a very perfect system and process. As long as it involves joining, the effectiveness of the process will be discounted.

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