Analysis of coffee industry

Analysis of coffee industry

The global coffee industry as a wholemaintains a steady growth trend. In 2019, the industry's revenue scale exceeded400 billion US dollars, and the space is vast. According to Statista data, theglobal coffee industry revenue increased from US$280.3 billion in 2012 toUS$431 billion in 2019, with a CAGR of 6.2% from 2012 to 2019. Affected by thenew crown epidemic in 2020, it is expected to decline. With the increasingacceptance of coffee around the world, new consumer products/consumptionscenarios/consumption patterns continue to change, and the in-depth linkage ofthe entire industry chain, the industry is expected to continue to grow, andthe future space is broad.The coffee industry’s demandfor coffee equipment

The continued growth of the coffee industryis also contributing to the increasing demand for coffee supplies. According todata from the Alibaba platform, coffee supplies have also continued to growfrom 2019, especially portable coffee supplies, which have grown at anastonishing 38%. As China reopens to the outbreak and resumes normalproduction, demand for coffee supplies is gradually increasing.