Luckin Coffee, a Chinese coffee chain founded in 2017, has expanded to the U.S. with two new stores in Manhattan. The chain's mobile-only model prioritizes convenience and efficiency. The broader U.S. coffee market is booming, surpassing 40,000 branded shops and approaching a $50 billion market value. Experts forecast this number to exceed 45,000 by 2028. Starbucks leads in the U.S. market with 16,000 locations and has paved the way for new entrants like Luckin Coffee despite pandemic challenges faced by the industry.
Luckin Coffee expanded to the U.S. in July, opening its first two stores in Manhattan. The mobile-only model focuses on efficiency and convenience.
The U.S. coffee shop market is experiencing a surge, with over 40,000 branded coffee shops and a market value near $50 billion.
According to the World Coffee Portal, the number of U.S. coffee shops is expected to exceed 45,000 by September 2028, exceeding pre-pandemic levels.
Starbucks, with its 16,000 locations, significantly influences the U.S. coffee market, paving the way for brands like Luckin Coffee.
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