News dalla rete ITA

23 Agosto 2024

Cina

CHINA'S COFFEE BOOM -- NEXT BIG OPPORTUNITY FOR GLOBAL BRANDS

GROWING DEMANDCoffee became a widely served beverage in China after the arrival of foreign coffee brands, starting with Starbucks, the first major Western coffee chain entering the market in 1999, followed by Costa Coffee in 2006 and Tim Hortons in 2019.More and more customers are developing a love for coffee and know a lot about coffee quality. "To me, coffee is a beverage that can make you physically and mentally comfortable. Thus, I hope my customers can also find a moment of peace while they are drinking my coffee," Long said.In the past, it was primarily fashionable white-collar workers who frequented coffee shops in China, drawn by the trendy atmosphere and the allure of international coffee culture. However, this has changed in recent years.The sight of ordinary Chinese carrying a cup of coffee has become increasingly common. Whether it is grabbing a coffee on the way to work, sipping while shopping, or enjoying a leisurely cup on the weekend, coffee has become an integral part of the daily routine for many people in China.Fast delivery in China makes it easier for consumers to order coffee online. In major cities, it usually takes less than an hour for coffee to be brewed and then delivered.More than 90 percent of 4,000 Chinese coffee shop consumers surveyed drink hot coffee weekly, while 64 percent consume iced coffee at least once a week, the World Coffee Portal said in a report last year.China has become the fastest-growing market in East Asia, it said."When I traveled to China, I found that in recent years, China's beverage brands have developed rapidly, and the number of stores and beverage categories are increasing rapidly," a young man named Hong Seong-bin from Seoul told Xinhua, adding that he loves the coconut series in Chinese coffee shops.MARKET POTENTIALSouth Korean coffee brands including "Caffe Bene" have opened branches in China and some are increasingly interested in the ever-growing Chinese market, Hong said."As the Chinese market is so huge and the demand is high, I believe that South Korean high-quality brand coffee shops can win the hearts of Chinese consumers," he said.Chua shared this enthusiasm. "We are thrilled to establish NKG Shanghai as our first office in China," said Chua. "We are excited about the opportunities this vibrant market presents and are committed to contributing to the growth and development of the coffee industry in China."Between 2010 and 2022, coffee consumption per person in China rose fourfold, said the International Coffee Organization. More than half of Chinese coffee drinkers consume at least three cups a week, according to Statista.Shanghai leads the world in the number of cafes, with 9,553 coffee shops by the end of 2023, according to the China urban coffee development report 2024.China has been an attractive potential market for international coffee chains, with Starbucks leading the way. However, its CEO, Laxman Narasimhan, was quoted by CNN as saying that the company is "still in our early days in China."As more Chinese people are stepping into coffee shops to savor coffee from around the world, their coffee consumption and spending are expected to rise.Tims China, the exclusive operator of Tim Hortons coffee shops in China, celebrated its fifth anniversary this February, marking a milestone with over 900 stores across more than 60 cities in China. Yongchen Lu, CEO of Tims China, is confident that "it will continue to integrate deeply into China's budding coffee-loving market."For a traditional tea-loving country, coffee could become China's new cup of tea. The growing popularity of coffee culture across China and its vast market potential for the beans present a great opportunity that foreign brands are eager to seize. (ICE SHANGHAI)


Fonte notizia: XINHUA