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2025年2月Top9现磨咖啡门店数
2025年2月Top9现磨咖啡门店数
行业数据
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所属报告:
蜜雪集团-港股公司研究报告-现制茶饮收入冠军品牌出海值得期待-250327(31页).pdf
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现磨咖啡赛道近年快速扩容,行业仍处于高成长阶段,预计未来 3 年 CAGR 有望在 20%+,下沉空间巨大。我国对咖啡饮用习惯不断提升,现磨咖啡消费群体持续扩容,根据招股书, 2023 年-2028 年,我国现磨咖啡消费人群渗透率预计将从 9.4%增长到 18.3%,人均现磨咖啡年消费量将从约 6 杯提升到约 13 杯。市场规模方面,中国现磨咖啡市场从 2018 年的 366 亿增长至 2023 年的 1721 亿(规模相当于现制茶饮行业的约 60%),2018-2023 年 CAGR 约 36%,增长高速,预计 2023-2028 年行业 CAGR 有望在 20%,2024 年行业规模预计为 2151 亿元,现磨咖啡品类继续快速扩容。现磨咖啡龙头企业瑞幸和星巴克均为直营模式,杯单价较高。幸运咖主要以加盟模式经营,主打高性价比。截止 2023 年末,幸运咖门店数约 2900 家,按终端销售额口径计算,幸运咖为我国第五大现磨咖啡品牌,其市占率为 1.3%,,幸运咖品牌市占率水平远低于蜜雪,而咖啡龙一及龙二市占率合计达 38.3%,呈现“头部集中而尾部分散”的特点,幸运咖主打高性价比及下沉市场,竞争逻辑和头部企业区别明显,未来随着下沉市场对咖啡消费习惯进一步强化,幸运咖市占率有望随之提升。
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蜜雪集团-港股公司研究报告-现制茶饮收入冠军品牌出海值得期待-250327(31页).pdf
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