The Drinks segment in China registered Market value of USD 340,854.67 Millions in 2023
The indicator recorded a historical growth (CAGR) of 8.89% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Hot drinks industry in China
The hot drinks market consists of the retail sales of coffee, tea and other hot drinks. The coffee segment consists of instant coffee, roast and ground coffee (including ground coffee pods) and coffee beans. The tea segment consists of black specialty tea, fruit and herbal tea, green tea, instant tea and tea pods. The other hot drinks segment consists of chocolate-based hot drinks and malt-based hot drinks. The market is valued according to the retail selling price (RSP) and includes any applicable taxes.
The Chinese hot drinks market registered strong growth during the review period (2016-2021). The growth of the market is expected to decelerate over the forecast period (2020-2026).
The rapidly growing coffee culture among the millennials is supporting the market growth. Moreover, the improved standard of living as well as the presence of Chinese millennials who are more seeking adventure, freedom and untypical experiences, will help China to grow as one of the top coffee shop markets over the years to come.
Soft drinks industry in China
The soft drinks market consists of the retail sale of carbonates, squash/syrups, nectars, energy drinks, juice, packaged water, sports drinks, iced/RTD tea drinks, flavored water, still drinks, enhanced water, fruit powders, bulk/HOD water, and iced/RTD coffee drinks. The total market volume for soft drinks market excludes powder concentrates, which are included in the market value. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
The Chinese soft drinks market registered strong growth during the review period (2015-2021). The growth of the market is expected to decelerate over the forecast period (2019-2026).
Chinese consumers are increasingly choosing healthy drinks, which is driving the demand for low sugar drinks. This trend is encouraging soft drinks manufacturers to focus on product innovations such as adding functional benefits like vitamins and nutrients in drinks or trying to reduce sugar. Moreover, large population and rising disposable income of consumers also contributed to the growth of this market.
Category segmentation
Hot tea is the largest segment of the hot drinks market in China, accounting for the largest share in the hot drinks market's total value.
The Hot coffee segment accounts for the second-largest share in the hot drinks market.
Still drinks are the largest segment of the soft drinks market in China, accounting for the largest share in the soft drinks market's total value.
The Packaged water segment accounts for the second-largest share in the soft drinks market.
Who are the leading players in the Chinese hot drinks market?
Who are the leading players in the Chinese soft drinks market?
United States of America
United States of America
United States of America
United States of America
Germany
China
United States of America
United States of America
United States of America
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer
Contact the team or request a demo to find out how our data can drive your business forward