date:Aug 21, 2015
se at a CAGR of 16.5%. Tea is forecast to reach a market value of US$27.6 billion by 2019, up from US$16.5 billion in 2014, registering a CAGR of 10.8%. Kirsty Nolan, analyst at Canadean, says: Although tea is the traditional drink of choice in China, Western coffee culture is taking hold. More Chinese consumers are socialising in sophisticated coffee shops and are trying out the varying tastes and premium nature of coffee.
Chinese coffee market highly consolidated
Instant coffee accounts for