ACMR-IBISWorld estimates that the Cafes, Bars and Other Drinking Establishments industry in China will generate $1.7 billion in 2014, up 16.5% from 2013. Over the past five years, industry revenue has been growing at an annualized rate of 29.2%.
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 increased demand for industry services. Last, improvements in chain store and franchise management as well as new brands have supported the industry's development.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.