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Market Research Report
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1045910

China Food Service Market, Share, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

Published: | Renub Research | 147 Pages | Delivery time: 1-2 business days

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China Food Service Market, Share, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis
Published: January 1, 2022
Renub Research
Content info: 147 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

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 our 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, we have 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 Renub Research 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:

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. Remarkably, global players are expected to hold a prominent share, as there is an increased inclination toward pizza and other fast food.

Renub Research report titled "China Food Service Market Forecast By Type (Independent Food Service and Chained Food Service), Food Sector (Commercial and Non-Commercial), Food System (Centralized, Assembly Service, Ready-Prepared and Conventional), Food Type (Chinese's Cuisine, Light Meal, Fast food, Snack, Western Cuisine, Japanese Cuisine and Other), Restaurants Type (Full-Service Restaurants, Self-service Restaurants, Fast Food Restaurant, Street Stall and Kiosk, Cafe and Bar and 100 % Home Deliveries), Company Analysis (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. )" provides an all-encompassing analysis on the Global Fertilizer Industry.

Type - China Food Service Market have been covered from 2 viewpoints:

  • 1. Independent Food Service
  • 2. Chained Food Service

Food Sector - China Food Service Market have been covered from 2 viewpoints:

  • 1. Commercial
  • 2. Non-Commercial

Food System - China Food Service Market have been covered from 4 viewpoints:

  • 1. Centralized
  • 2. Assembly Service
  • 3. Ready-Prepared
  • 4. Conventional

Food Type- China Food Service Market have been covered from 7 viewpoints:

  • 1. Chinese's Cuisine
  • 2. Light Meal
  • 3. Fast food
  • 4. Snack
  • 5. Western Cuisine
  • 6. Japanese Cuisine
  • 7. Other

Restaurants Type- China Food Service Market have been covered from 6 viewpoints:

  • 1. Full-Service Restaurants
  • 2. Self-service Restaurants
  • 3. Fast Food Restaurant
  • 4. Street Stall and Kiosk
  • 5. Cafe and Bar
  • 6. 100 % Home Deliveries

Company Insights:

  • Overview
  • Recent Development
  • Revenue

Key Players:

  • 1. Starbucks Corp.
  • 2. Papa John's International Inc.
  • 3. Domino's Pizza Inc.
  • 4. Restaurant Brands International Inc.
  • 5. Tim Hortons
  • 6. Jollibee Foods Corp.
  • 7. Ajisen (China) Holdings Limited
  • 8. YUM! Brands Inc.
  • 9. China Quanjude (Group) Co. Ltd.
  • 10. Yoshinoya Holdings Co., Ltd.

Table of Contents

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 Starbucks Corp.
    • 13.1.1 Overview
    • 13.1.2 Recent Development
    • 13.1.3 Revenue
  • 13.2 Papa John's International Inc.
    • 13.2.1 Overview
    • 13.2.2 Recent Development
    • 13.2.3 Revenue
  • 13.3 Domino's Pizza Inc.
    • 13.3.1 Overview
    • 13.3.2 Recent Development
    • 13.3.3 Revenue
  • 13.4 Restaurant Brands International Inc.
    • 13.4.1 Overview
    • 13.4.2 Recent Development
    • 13.4.3 Revenue
  • 13.5 Tim Hortons
    • 13.5.1 Overview
    • 13.5.2 Recent Development
    • 13.5.3 Revenue
  • 13.6 Jollibee Foods Corp.
    • 13.6.1 Overview
    • 13.6.2 Recent Development
    • 13.6.3 Revenue
  • 13.7 Ajisen (China) Holdings Limited
    • 13.7.1 Overview
    • 13.7.2 Recent Development
    • 13.7.3 Revenue
  • 13.8 YUM! Brands Inc.
    • 13.8.1 Overview
    • 13.8.2 Recent Development
    • 13.8.3 Revenue
  • 13.9 China Quanjude (Group) Co. Ltd.
    • 13.9.1 Overview
    • 13.9.2 Recent Development
    • 13.9.3 Revenue
  • 13.10 Yoshinoya Holdings Co. Ltd.
    • 13.10.1 Overview
    • 13.10.2 Recent Development
    • 13.10.3 Revenue

List of Figures

  • Figure-01: China Food Service Market (Billion US$), 2016 - 2021
  • Figure-02: Forecast for- China Food Service Market Market(Billion US$), 2022 - 2027
  • Figure-03: Type - Independent Food Service Market(Billion US$), 2016 - 2021
  • Figure-04: Type - Forecast for Independent Food Service Market(Billion US$), 2022 - 2027
  • Figure-05: Type - Chained Food Service Market(Billion US$), 2016 - 2021
  • Figure-06: Type - Forecast for Chained Food Service Market(Billion US$), 2022 - 2027
  • Figure-07: Food Sector - Commercial Market(Billion US$), 2016 - 2021
  • Figure-08: Food Sector - Forecast for Commercial Market(Billion US$), 2022 - 2027
  • Figure-09: Food Sector - Non-Commercial Market(Billion US$), 2016 - 2021
  • Figure-10: Food Sector - Forecast for Non-Commercial Market(Billion US$), 2022 - 2027
  • Figure-11: Food System - Centralized Market(Billion US$), 2016 - 2021
  • Figure-12: Food System - Forecast for Centralized Market(Billion US$), 2022 - 2027
  • Figure-13: Food System - Assembly Service Market(Billion US$), 2016 - 2021
  • Figure-14: Food System - Forecast for Assembly Service Market(Billion US$), 2022 - 2027
  • Figure-15: Food System - Ready-Prepared Market(Billion US$), 2016 - 2021
  • Figure-16: Food System - Forecast for Ready-Prepared Market(Billion US$), 2022 - 2027
  • Figure-17: Food System - Conventional Market(Billion US$), 2016 - 2021
  • Figure-18: Food System - Forecast for Conventional Market(Billion US$), 2022 - 2027
  • Figure-19: Food Type - Chinese's Cuisine Market(Billion US$), 2016 - 2021
  • Figure-20: Food Type - Forecast for Chinese's Cuisine Market(Billion US$), 2022 - 2027
  • Figure-21: Food Type - Light Meal Market(Billion US$), 2016 - 2021
  • Figure-22: Food Type - Forecast for Light Meal Market(Billion US$), 2022 - 2027
  • Figure-23: Food Type - Fast food Market(Billion US$), 2016 - 2021
  • Figure-24: Food Type - Forecast for Fast food Market(Billion US$), 2022 - 2027
  • Figure-25: Food Type - Snack Market(Billion US$), 2016 - 2021
  • Figure-26: Food Type - Forecast for Snack Market(Billion US$), 2022 - 2027
  • Figure-27: Food Type - Western Cuisine Market(Billion US$), 2016 - 2021
  • Figure-28: Food Type - Forecast for Western Cuisine Market(Billion US$), 2022 - 2027
  • Figure-29: Food Type - Japanese Cuisine Market(Billion US$), 2016 - 2021
  • Figure-30: Food Type - Forecast for Japanese Cuisine Market(Billion US$), 2022 - 2027
  • Figure-31: Food Type - Other Market(Billion US$), 2016 - 2021
  • Figure-32: Food Type - Forecast for Other Market(Billion US$), 2022 - 2027
  • Figure-33: Restaurants Type - Full-Service Restaurants Market(Billion US$), 2016 - 2021
  • Figure-34: Restaurants Type - Forecast for Full-Service Restaurants Market(Billion US$), 2022 - 2027
  • Figure-35: Restaurants Type - Self-service Restaurants Market(Billion US$), 2016 - 2021
  • Figure-36: Restaurants Type - Forecast for Self-service Restaurants Market(Billion US$), 2022 - 2027
  • Figure-37: Restaurants Type - Fast Food Restaurant Market(Billion US$), 2016 - 2021
  • Figure-38: Restaurants Type - Forecast for Fast Food Restaurant Market(Billion US$), 2022 - 2027
  • Figure-39: Restaurants Type - Street Stall and Kiosk Market(Billion US$), 2016 - 2021
  • Figure-40: Restaurants Type - Forecast for Street Stall and Kiosk Market(Billion US$), 2022 - 2027
  • Figure-41: Restaurants Type - Cafe and Bar Market(Billion US$), 2016 - 2021
  • Figure-42: Restaurants Type - Forecast for Cafe and Bar Market(Billion US$), 2022 - 2027
  • Figure-43: Restaurants Type - 100 % Home Deliveries Market(Billion US$), 2016 - 2021
  • Figure-44: Restaurants Type - Forecast for 100 % Home Deliveries Market(Billion US$), 2022 - 2027
  • Figure-45: Starbucks Corp. -Global Revenue(Million US$), 2016 - 2021
  • Figure-46: Starbucks Corp. - Forecast forGlobal Revenue(Million US$), 2022 - 2027
  • Figure-47: Papa John's International Inc. -Global Revenue(Million US$), 2016 - 2021
  • Figure-48: Papa John's International Inc. - Forecast forGlobal Revenue(Million US$), 2022 - 2027
  • Figure-49: Domino's Pizza Inc. -Global Revenue(Million US$), 2016 - 2021
  • Figure-50: Domino's Pizza Inc. - Forecast forGlobal Revenue(Million US$), 2022 - 2027
  • Figure-51: Restaurant Brands International Inc. -Global Revenue(Million US$), 2016 - 2021
  • Figure-52: Restaurant Brands International Inc. - Forecast forGlobal Revenue(Million US$), 2022 - 2027
  • Figure-53: Tim Hortons -Global Revenue(Million US$), 2016 - 2021
  • Figure-54: Tim Hortons - Forecast forGlobal Revenue(Million US$), 2022 - 2027

List of Tables

  • Table-01: China - China Food Service Market Share by Type (Percent), 2018 - 2021
  • Table-02: China - Forecast for China Food Service Market Share by Type (Percent), 2022 - 2027
  • Table-03: China - China Food Service Market Share by Food Sector (Percent), 2018 - 2021
  • Table-04: China - Forecast for China Food Service Market Share by Food Sector (Percent), 2022 - 2027
  • Table-05: China - China Food Service Market Share by Food System (Percent), 2018 - 2021
  • Table-06: China - Forecast for China Food Service Market Share by Food System (Percent), 2022 - 2027
  • Table-07: China - China Food Service Market Share by Food Type (Percent), 2018 - 2021
  • Table-08: China - Forecast for China Food Service Market Share by Food Type (Percent), 2022 - 2027
  • Table-09: China - China Food Service Market Share by Restaurants Type (Percent), 2018 - 2021
  • Table-10: China - Forecast for China Food Service Market Share by Restaurants Type (Percent), 2022 - 2027
  • Table-11: China - China Food Service Market Share by Channel (Percent), 2020