China Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
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)
Buy the Full Report for More Insights on the China Foodservice Market Forecast
Download A Free Sample Report
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 |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
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.
Buy the Full Report for more Insights into the China Foodservice Market Trends
Download A Free Sample Report
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 (%)
Buy the Full Report for More Channel Insights into the China Foodservice Market
Download A Free Sample Report
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 (%)
Buy the Full Report for More Cost Sector Insights into the China Foodservice Market, Download A Free Sample Report
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
Buy the Full Report for Additional Insights into China Foodservice Market Players
Download A Free Sample Report
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.
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
Frequently asked questions
-
What was the China profit sector market size in 2022?
The China profit sector market size was CNY5.7 trillion ($841.6 billion) in 2022.
-
What is the China profit sector growth rate?
The profit sector in China will grow at a CAGR of over 3% during 2022-2027.
-
Which was the leading profit sector channel in the China foodservice market in 2022?
FSR was the leading profit sector channel in the China foodservice market in 2022.
-
What cost sector channel had the highest share in the China foodservice market in 2022?
The healthcare sector had the highest share in the China foodservice market in 2022.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.