$9.0bn
$X.Xbn
184k
3,988
$XXX.Xm
Revenue for the Cafes, Bars, and Other Drinking Establishments industry in China is expected to increase at a CAGR of 16.4% over the five years through 2023 to $9.0 billion. This trend includes an expected increase of 20.1% in the current year.In recent years, lifestyle changes, an increasing emphasis on personal happiness, and the development of a range of drinking establishments have contributed to rapid industry growth. In addition, increasing urbanization in China and higher incomes have boosted the demand for industry services. Improvements in chain store and franchise management and the emergence of new brands have also supported the industry's development over the past five years.The outbreak of COVID-19 has affected the operation of cafes, bars, and other beverage stores. In 2020, the industry's revenue increased slowly compared with previous years, mainly due to the outbreak of COVID-19 in China. Although in 2021, the effective control of COVID-19 restores the rapid growth of industry income, the repeated occurrence of COVID-19 in 2022 led to the reduction of the industry growth rate again.ACMR-IBISWorld forecasts that industry revenue will increase at an annualized 17.5% over the next five years, to reach $20.2 billion. Competition is projected to intensify as more chain stores, franchises, and independent drinking establishments are set up. Increased competition will also prompt players to look for new opportunities in less-developed regions. As a result, chain operations will continue spreading from east to west, and from first- and second-tier cities to third- and fourth-tier cities.
Industry revenue has grown at a CAGR of 16.4 % over the past five years, to reach an estimated $9.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Cafes, Bars & Other Drinking Establishments in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Tea drink shops, Cafes and Ice cream shops. Tea drink shops is the largest segment of the Cafes, Bars & Other Drinking Establishments in China.
Tea drink shops have the highest proportion of consumption
The Cafes, Bars and Other Drinking Establishments industry in China comprises cafes, tea houses, and bars that primarily provide beverages (alcoholic and non-alcoholic) for immediate consumption on-premise or off-premise. Mobile counters (i.e. street vendors) are not included in this industry.
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COVID-19 slowed down the growth of the industry. Restrictive policies have temporarily closed drinking places such as cafes and bars, resulting in a limited number of consume...
Learn about an industry's products and services, markets and trends in international trade.
Tea drink stores are the most popular among consumers. The main products of tea beverage stores are milk tea, ice tea, as well as cold drinks, coffee, and ice cream, which ar...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
East China region benefits from a developed economy. Jiangsu, Zhejiang, and Shanghai have a dense population and high per capita disposable income, making them more willing t...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Product quality is the foundation of competition. Consumers are very concerned about the quality, taste, and safety of beverages.
Learn about the performance of the top companies in the industry.
Chain enterprises dominate the market. The top companies in the industry are all large chain enterprises, expanding their scale by opening branches.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Policies has regulated the industry. The legal supervision of the industry mainly focuses on food safety issues.
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The average profit in the industry is very high. However, the profitability of enterprises in different regions and sizes varies.
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Cafes, Bars & Other Drinking Establishments industry in China is $9.0bn in 2024.
There are 3,988 businesses in the Cafes, Bars & Other Drinking Establishments industry in China, which has grown at a CAGR of 5.0 % between 2019 and 2024.
The market size of the Cafes, Bars & Other Drinking Establishments industry in China has been growing at a CAGR of 16.4 % between 2019 and 2024.
Over the next five years, the Cafes, Bars & Other Drinking Establishments industry in China is expected to grow.
Tea drink shops and Cafes are part of the Cafes, Bars & Other Drinking Establishments industry.
The level of competition is moderate and increasing in the Cafes, Bars & Other Drinking Establishments industry in China.