China Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

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China Foodservice Market Report Overview

The China foodservice profit sector recorded value sales of CNY5.7 trillion ($841.6 billion) in 2022 and is forecast to record a CAGR of over 3% during 2022-2027 due to rising investments by chain operators, such as McDonald’s and Starbucks, to expand their footprint.

China Foodservice Profit Sector Outlook 2022-2027, (CNY Trillion)

China Foodservice Profit Sector Outlook 2022-2027, (CNY Trillion)Buy the Full Report for More Insights on the China Foodservice Market Forecast
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The China foodservice market research report provides an in-depth evaluation of the food service market in the country, including an analysis of the key issues impacting the market, and the opportunities this presents for the sector participants. The report includes data and forecast of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the China foodservice market and gives an overview of market leaders within the four major channels.

Market Size (2022) CNY5.7 trillion ($841.6 billion)
CAGR (2022-2027) >3%
Historical Period 2017-2022
Forecast Period 2023-2027
Key Profit Sector Channels ·        FSR

·        QSR

·        Accommodation

·        Pub, club & bar

·        Coffee & tea shop

Key Outlet Type ·        Dine-in

·        Takeout

Key Owner Type ·        Independent Operators

·        Chain Operators

Key Cost Sector Channels ·        Military & Civil Defense

·        Healthcare

·        Education

·        Welfare & Services

·        Complimentary Services

Key Companies ·        Yum! Brands

·        McDonald’s Corporation

·        Donglaishun

·        Starbucks Corporation

·        Luckin Coffee Inc

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China Foodservice Market Trends

  • Large investments by leading chain operators such as McDonald’s, Luckin Coffee, and Domino’s across channels will enable these operators to expand their presence.
  • While traditional menus will continue to dominate, operators will enter partnerships to create innovative offerings to attract consumers who wish to experiment.
  • The demand for convenient, easy-to-consume, and time-saving products will rise although deliveries and takeouts will continue to gain momentum.

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China Foodservice Market Segmentation by Profit Sector Channels

FSR was the largest profit sector channel in 2022.

The key profit sector channels in the China foodservice market are FSR, QSR, accommodation, leisure, pub, club & bar, and coffee & tea shop, among others. FSR was the largest profit sector channel in 2022, accounting for more than 60% of the sector’s overall value and is anticipated to continue its dominance thanks to improved economic conditions, greater consumer confidence, and robust tourism in the country post the pandemic.

China Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

China Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

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China Foodservice Market Segmentation by Cost Sector Channels

The key cost sector channels in the China foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. Healthcare was the largest cost sector in 2022, followed by education, and military & civil defense. The COVID-19 pandemic raised the need for increased medical attention. Footfall at hospitals grew because of the soaring number of COVID-19 infections. An aging population, rising life expectancy, and increasing government investments in China’s healthcare system will also boost the channel’s value in the future.

China Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

China Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

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China Foodservice Market – Competitive Landscape

Yum! Brands was the largest FSR operator in the country.

Some of the key foodservice companies in China are:

  • Yum! Brands
  • Country Style Cooking Restaurant Chain Co., Ltd
  • Inner Mongolia Xiao Wei Yang Chained Food Service Co Ltd
  • McDonald’s Corporation
  • Donglaishun
  • Starbucks Corporation
  • Luckin Coffee Inc

Country Style Cooking Restaurant Chain Co., Ltd and Inner Mongolia Xiao Wei Yang Chained Food Service Co Ltd were the second and third largest FSR operators in China respectively.

China Foodservice Market Analysis by Competitors

China Foodservice Market Analysis by Competitors

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China Foodservice Market – Latest Developments

  • In February 2023, Tims China (the local operator of Tim Hortons, a Canadian coffee chain) announced its plan to relaunch Popeyes, a fried-chicken chain.
  • McDonald’s has announced plans to open more than 900 outlets in 2023. By 2028, it intends to open 10,000 stores in the country1. Digitalization, stronger partnerships with local suppliers, and sustainability are key focus areas of fast-food chains.
  • In January 2022, Yum! China announced that its KFC brand would offer 12 new menu items inspired by Chinese cuisine as fast-food chains are focusing more on localized menu items to attract Chinese consumers.

Segments Covered in the Report

China Foodservice Market Outlook by Profit Sector Channel (Value, CNY Trillion, 2017-2027)

  • Full-service Restaurants (FSR)
  • Quick-service Restaurants (QSR)
  • Pub, Club & Bar
  • Coffee & Tea Shop
  • Leisure

China Foodservice Market Outlook by Cost Sector Channels (Value, CNY Trillion, 2017-2027)

  • Military & Civil Defense
  • Healthcare
  • Education
  • Welfare & Services
  • Complimentary Services

Scope

The report includes –

  • Overview of China’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the China foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
  • Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the China foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
  • Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the China population.
  • Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Reasons to Buy

  • Specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions through identifying emerging/declining markets.
  • Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers to understand the wants and needs of their target demographics.

Yum! Brands
Fujian Wallace Food
McDonald's
Restaurant Brand International
Pala Catering Management
Country Style Cooking Restaurant Chain
Inner Mongolia Xiao Wei Yang Chained Food Service
Donglaishun
Ting Hsin International Group

Table of Contents

Introduction

– Report Guide

– Executive Summary

Macroeconomic Context

– Macroeconomic Overview

– Trends Landscape

– Profit Sector – Impact of COVID-19

Profit Sector Metrics

– Key Metric Highlights

– Value Share and Growth by Channel

– Outlets and Transactions Growth by Channel

– Operator Buying Volumes and Growth by Channel

– Channel Historic and Future Growth Dynamics

– Outlet-Type and Owner-Type Growth Dynamics

Profit Sector by Channel

Quick Service Restaurant (QSR)

– Summary & Key Points

– Metrics

– Key Players

– Who?

– Why?

– What?

– Where?

– What Next?

Full Service Restaurant (FSR)

– Summary & Key Points

– Metrics

– Key Players

– Who?

– Why?

– What?

– Where?

– What Next?

Coffee & Tea Shop

– Summary & Key Points

– Metrics

– Key Players

– Who?

– Why?

– What?

– Where?

– What Next?

Pub, Club & Bar

– Summary & Key Points

– Metrics

– Key Players

– Who?

– Why?

– What?

– Where?

– What Next?

Cost Sector Metrics

– Cost Operator Trends – Historic and Future Growth

– Data and Channel Share Breakdown

Education

– Growth Dynamics & Drivers

– What Next?

Healthcare

– Growth Dynamics & Drivers

– What Next?

Military & Civil Defense

– Growth Dynamics & Drivers

– What Next?

Welfare & Services

– Growth Dynamics & Drivers

– What Next?

Appendix

Frequently asked questions

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