The Global Coffee Industry Development Trends Insight Report and Index was officially released on Wednesday in conjunction with the launch of the 2nd "Coffee Together" Carnival and the 9th Lujiazui Coffee Festival.
The "Coffee Together" Global Coffee Industry Development Trends Insight Report and Index is released on October 23, 2024. /CMG
The report provides an in-depth analysis of the global coffee industry, focusing on current production, market trends, and future growth prospects. According to the International Coffee Organization (ICO), global coffee consumption reached 10.62 million tons in 2023, which translates to 3 billion cups of coffee consumed daily worldwide.
This photo series shows the vibrant scenes at the 9th Lujiazui Coffee Festival in Shanghai. /CMG
In China, the rapid increase in market demand has driven the high-quality development of the coffee industry. The number of coffee shops in China reached 157,000 last year, with Shanghai leading the way with 9,553 shops. Domestically, 98 percent of coffee is produced in Yunnan Province.
The 9th Lujiazui Coffee Festival is officially launched in Shanghai on October 23, 2024. /CMG
The Lujiazui Coffee Festival, which runs until October 27, features over 260 brands from 70 cities and offers coffee lovers from around the world a sensory journey in the heart of Shanghai.