Furthermore, "new consumption features" such as Chinese coffee, tea drinks, and trendy toys have attracted many foreigners to try out fresh experiences. Xiaowen, a tourist from Malaysia, said that she would definitely try Luckin Coffee when in China. Pop Mart, which has been very popular in ...
* In 2023, the market size of China's freshly brewed coffee market reached roughly 162.35 billion yuan (about 22.76 billion U.S. dollars), indicating a significant growth from the previous year and the value was forecast to exceed 193 billion yuan (about 27 billion dollars) by 2024, said ...
In a bearish factor, the International Coffee Organization (ICO) recently said that 2023/24 global coffee production climbed +5.8% y/y to a record 178 million bags due to an exceptional off-biennial crop year. ICO also said global 2023/24 coffee consumption rose +2.2% y/y to a record 17...
According to the latest data from Global Blue, the tax-free consumption of luxury goods by international tourists in Italy from January to October 2024 increased by 14% compared to 2023. This growth was mainly driven by visitors from the US, China, the Gulf States and other Asian regions, w...
The World Coffee Portal reported that China surpassed the United States last year to become the country with the most coffee outlets in the world. Traditionally a tea-drinking nation, China has now emerged as East Asia's fastest-growing market for coffee consumption, carving out a unique positio...
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. ...
Local farmers harvest rice in a field at the China National Hybrid Rice Research and Development Center's Africa sub-center in Mahitsy, Madagascar, on May 12, 2023. (Xinhua/Sitraka Rajaonarison) As China is working for high-quality development and Chinese modernization, Africa is also pursuing...
Her Chinese instructor Xiong Aisha comes from Yiwu Industrial and Commercial College. In 2023, the college partnered with Morocco's Mundiapolis University to establish Morocco Yiwu Business School. By tailoring China's vocational education expertise to local needs, the college offers degree programs and...
The market for cold brew coffee was valued at 321 million U.S. dollars in 2017, and is expected to reach a staggering 1.37 billion U.S. dollars in market value by 2023. Read more Coffee consumption worldwide from 2012/13 to 2021/22 with a forecast to 2022/23 (in million 60kg ...
and Basil. The range is intended to suit any environment, from a classic style restaurant to a modern coffee bar. The Mytico product line is currently available in Europe and the Middle East and will be launched in Asia-Pacific in Q3 of 2023. It is planned to launch in China, Japan, ...