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Hot Coffee Market Share In China Grows As Tea Declines

August 17, 2015: 12:00 AM EST
Market researcher Canadean reports that 82 percent of the 1.28 billion kg of hot drinks consumed in China in 2014 was tea. But despite the fact that coffee drinking accounts for a small amount (5.7 percent) of hot drink consumption, it is the fastest growing segment of the market. Canadean says the volume growth of coffee over the next four years will be 15.4 percent. Hot coffee will achieve a market share of 8.4 percent by 2019, at the expense of tea’s market share. In terms of value, the Chinese hot coffee market – worth $2.1 billion in 2014 – is expected to more than double to  $4.5 billion by 2019.
"Tea still most consumed hot drink in China; but coffee making inroads", News release, Canadean report, August 17, 2015, © Canadean Ltd. Part of Progressive Digital Media Group Plc
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