Foodservice Market in China to 2025 - Market Assessment, Channel Dynamics, Customer Segmentation and Key Players

“Foodservice Market in China to 2025” provides extensive insight and analysis of Chinese Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.

Chinese foodservice profit sector contracted by a CAGR of 2.4% from 2015-2020. The closure of restaurants, bars, cafés, and other outlets owing to the lockdown imposed in the country to prevent the spread of COVID-19 adversely impacted the growth of the channel in 2020. However, the foodservice industry is expected to stage a sharp rebound over the forecast period, supported by economic growth, the need for convenient channels, and digitization.

The report includes:

• Overview of the China's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the China's 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 Shops, Pubs, Clubs and Bars) within India's 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 Chinese population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• FSR is the largest channel in the Chinese foodservice profit sector by revenue, representing 72.5% of total sector revenue in 2020. QSR, accommodation, and pub, club & bar are among other prominent channels, with market shares of 11.6%, 3.8%, and 3.3%, respectively 2020.
• In China, restaurant channels dominate the profit sector in terms of number of outlets; QSR and FSR channels made up 82% of the profit sector’s total number of outlets in 2020. During 2015-2020, all profit sector channels experienced positive outlet growth; this growth can be partly attributed to new entrants seeking investment opportunities in the country, while established chains focused on expansion.
• Delivery and takeaway transactions surged in 2020 owing to the restrictions on the operation of restaurants and cafes and the implementation of social distancing norms amid the pandemic.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2020-2025) 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 shops, Pubs, Clubs & Bars) will allow readers to understand the wants and needs of their target demographics.