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China Food Service Market Report 2022: Share, Size, Forecasts, Industry Trends, Growth, Impact of COVID-19, Opportunity, Company Analysis 2021-2027 – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "China Food Service Market, Share, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.

China Food Service Market will reach US$ 914.09 Billion by 2027

China has the fastest-growing foodservice market in Asia. China per capita income in more than 10K and its growing year on year, so eating out is becoming a common norm.

Besides, China is readily adapting to the development more quickly through a more diversified and comprehensive business scope and traditional food delivery methods reform. Remarkably, the market demand for food services is increasing since its citizens are looking for a more convenient life, which implies that the future will also have a broader food service market.

Chinese Foodservice Industry is expected to expand at a CAGR of 7.9% during 2021-2027

Over the years, with the rapid economic growth and the continuous improvement of residents' income levels, the catering foodservice industry has developed rapidly and achieved a thriving scene in China. Notwithstanding, good consumption patterns in China have changed significantly with improved living standards.

Further, Chinese consumers are increasingly discerning and seek the following qualities when making purchases: confidence in food safety and ingredients' integrity, high quality, excellent nutritional value, better lifestyle through a variety of food and beverages, modern packaging, freshness convenience.

Independent Food Service is dominantly widespread

By Food Sector, there are numerous commercial and non-Commercial restaurants that are targeted initially at expatriates, rich and upper middle class which predominantly include Independent Food Service and Chinese Chained Food Service. As per the analysis, Independent Food services are dominantly widespread.

Remarkably, many social occasions and family celebrations now take place in Chinese Chained Food Service restaurants, boosting traffic in the venues further expected to gain market share in the coming years. Moreover, the widespread trend of socializing in cafes among urban Millennial and, in general, the youngest part of the population is further fuelling the growth of the chained foodservice market.

Full-Service Restaurants holds Lion's Share

By Restaurant Type, Full-Service Restaurants encompasses all sit-down establishments characterized by table service and a relatively higher quality of food than quick-service units, which seek attention from a large consumer base capturing lion's share. Menus in these outlets offer multiple selections and may include breakfast, lunch, and dinner, adding to consumer preferences.

Moreover, restaurants types catalogued in this segment refer to table-service only (wait staff attending customers and taking orders at the tables). It includes fine dining and casual dining restaurants. Food and drink sales are delivered to the consumer by an outlet employee or a third party.

The Light Meal, Fast Food, Snack, and Japanese Cuisine Gaining Momentum in the Industry

By Food Type, the publisher has studied Chinese Cuisine, Light Meal, Fast food, Snack, Western Cuisine, Japanese Cuisine, and other existing in the China foodservice industry. Remarkably, convenience food types such as light meals, fast food, snack, and Japanese cuisine are no longer considered a convenience, but they are most sought-after variants.

Notwithstanding, time dedicated to meals is reduced, with a consequent increase in the consumption of snacks and pre-packaged products that can be consumed on any occasion are adding up to the market for the variants mentioned above. As per the Analysis, China Food Service Market Size was US$ 579.07 Billion in 2021.

COVID-19 Impact on China Foodservice Restaurant Market

The foodservice segment has undergone a constant decrease in 2020 due to the pandemic. However, with the steady recovery from the pandemic, the Chinese millennial became more confident and felt safe to attend restaurants with proper precautionary measures. During a health and economic crisis, the purchase of local products is a highly significant element for Chinese consumers.

Despite financial difficulties in numerous families, the quality of food products remained undisputed and preferred. Remarkably, during the lockdown, 100% home delivery had seen tremendous growth; however, as dine-out reopened, the situation returned to balance.

Competitive Landscape

Remarkably, global players are expected to hold a prominent share, as there is an increased inclination toward pizza and other fast food. The Chinese foodservice industry is highly fragmented, with numerous players.

Few players who hold a prominent market share are

  • Starbucks Corp.
  • Papa John's International Inc.
  • Domino's Pizza Inc.
  • Restaurant Brands International Inc.
  • Tim Hortons
  • Jollibee Foods Corp.
  • Ajisen (China) Holdings Limited
  • YUM! Brands Inc.
  • China Quanjude (Group) Co. Ltd.
  • Yoshinoya Holdings Co., Ltd.

Key Topics Covered:

1. Introduction

2. Research& Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Drivers

4.2 Challenges

5. China Food Service Market

6. Market Share - China Food Service

6.1 By Type

6.2 By Food Sector

6.3 By Food System

6.4 By Food Type

6.5 By Restaurants Type

6.6 By Channel

7. Type - China Food Service Market

7.1 Independent Food Service

7.2 Chained Food Service

8. Food Sector- China Food Service Market

8.1 Commercial

8.2 Non-Commercial

9. Food System - China Food Service Market

9.1 Centralized

9.2 Assembly Service

9.3 Ready-Prepared

9.4 Conventional

10. Food Type - China Food Service Market

10.1 Chinese's Cuisine

10.2 Light Meal

10.3 Fast food

10.4 Snack

10.5 Western Cuisine

10.6 Japanese Cuisine

10.7 Other

11. Restaurants Type - China Food Service Market

11.1 Full-Service Restaurants

11.2 Self-service Restaurants

11.3 Fast Food Restaurant

11.4 Street Stall and Kiosk

11.5 Cafe and Bar

11.6 100 % Home Deliveries

12. Porters Five Forces

12.1 Overview

12.2 Bargaining Power of Buyers

12.3 Bargaining Power of Suppliers

12.4 Degree of Competition

12.5 Threat of New Entrants

12.6 Threat of Substitutes

13. Key Players

13.1 Overview

13.2 Recent Development

13.3 Revenue

For more information about this report visit https://www.researchandmarkets.com/r/om9jfc

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