Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term, according to a McKinsey report titled "China consumption: Start of a new era," which was released in November 2023. This momentum is underpinned by policies aimed at un...
"The Chinese coffee market is rising faster than any other market because China's population is so large," Almeida said, noting that given the relatively low per capita consumption, China's coffee market still has vast potential to grow. "Shanghai is already a very developed city for coffee,...
Seeking to tap into rising consumer demand for convenience, Yum China opened its first standalone KCOFFEE outlet in Shanghai in October 2022. The business has since accelerated the expansion of its KCOFFEE store network through a combination of stand-alone outlets and concession coffee shops within...
He added that commodity prices have still been running at low levels this year and need to be paid attention to. However, judging from factors such as price levels, demand recovery, economic growth, and money supply comprehensively, there is no so-called deflation in the Chinese economy, and ...
Coffee consumption in China In terms of consumption, compared to more developed markets in Europe and the US, the Chinese coffee market is still in its infancy – which means there is a lot of space for expansion. While the international growth rate of coffee consumption is two percent, c...
In 2022, trade between China and Africa hit an all-time high, with imports from the continent rising 14 percent year on year. Officials are keen to solve common challenges facing the continent, including limits in industrial capacity and funding, at the Changsha event....
the Seattle-based company announced yesterday. The park is also Starbucks' most energy-efficient and sustainable coffee manufacturing and distribution center in the world. 星巴克中国昆山咖啡创新产业园投用:9月19日,星巴克在美国市场以外最大的生产性战略投资——星巴克中国咖啡创新产业园在江苏昆山举行开园仪式...
with ASP rising 6.1ppt YoY. Revenue from ready-to-drink (RTD) coffee soared 229% YoY, and market share of some products ranked No.2 in the market. On the cost side, 2H21 raw material prices rose sharply, with those of PET and aluminum growing over 30%. As a result, 2H21 gross ma...
“China is one of the largest and fastest growing markets for cosmetic and personal care products with retail sales of cosmetics in China rose to $63.7 billion in 2021, a fourfold increase since 2010. China’s cosmetics market has experienced steady growth, driven by rising demand for premium ...
Dopamine dress, dopamine makeup, dopamine coffee, dopamine tea and other drinks have quickly become popular. Industry experts attribute the surge in the "dopamine" trend to its ability to stir positive emotions, meeting the current consumer demand for emotional release and stress relief. ...