China - The Future of Foodservice to 2021

  • ID: 4370755
  • Report
  • Region: China
  • 152 pages
  • GlobalData
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FEATURED COMPANIES

  • Beijing South Beauty
  • Country Style Cooking
  • Hua Lai Shi
  • Pala Catering Management
  • Suije Restaurant Group
  • UBC Cof
  • MORE
China - The Future of Foodservice to 2021

Summary

Chinese economy has seen strong growth with per capita GDP growing at around 8% between 2012 and 2016. Foodservice growth has been buoyed by an increase in urbanization: growing urban populations have increased the number of consumers that are able to visit foodservice outlets. Rapidly growing incomes have also increased the proportion of consumers who regularly visit foodservice outlets and the amount of discretionary income that consumers are willing to spend on foodservice.

Overall revenue in the Chinese profit foodservice sector grew at a CAGR of 5.7% between 2014 and 2016 to a total sector value of over CNY 7,700 Billion. Growth is forecast to continue forward to 2021 at a CAGR of 5.5%, this will result in a forecasted total sector value of over CNY 10,000 Billion by 2021.

Full Service Restaurant channel dominates the profit foodservice sector; the channel accounts for over 75% of all revenue in the profit foodservice sector. The majority of revenue in all major channels is attributable to independent operators and dine-in transactions, although chain operators and takeaway transaction revenue are forecast to grow faster to 2021 reflecting both consolidation and an increased focus on convenience transactions.

QSR is the second largest channel by revenue in the Chinese profit foodservice sector. The channel saw a CAGR of 5.5% between 2014 and 2016, and growth is forecast forward to 2021 at a CAGR of 5.0%. Growth in the channel is being driven by rising urbanization and strong growth in commercial construction.

Chinese coffee and tea shop channel has seen strong growth between 2014 and 2016 with a CAGR in channel revenue of 6.9%. Growth in the channel is forecast to continue to 2021 at a CAGR of 6.6%, outperforming the wider foodservice sector. China’s rapid development has benefitted operators in the channel. Growing urbanization is increasing the number of consumers who are able to visit outlets in the channel regularly.

Compared to other restaurant channels, the coffee and tea shop channel is relatively consolidated. Large players include international player Starbucks, and locally grown operators UBC, Liangan and DIO.

The report "China - The Future of Foodservice to 2021" provides extensive insight and analysis of the Chinese Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.

In particular, this report provides the following analysis -
  • Overview of China's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on 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 China’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.
  • Case Studies: Learn from examples of recent successes and failures within the Chinese foodservice market.
Companies mentioned in this report: YumChina, McDonald's, Pala Catering Management, Hua Lai Shi, Suije Restaurant Group, Ting Hsin Group, Xiao Wei Yang, Xiao Nan Guo, Country Style Cooking, Beijing South Beauty, China Quanjude, Element Fresh, Starbucks, UBC Coffee, Zhejiang Liangan, RBT, Suzhou Dio, SPR Group, Shanghai Min, Little lamb, Pizza Hut, KFC, Dicos.

Scope
  • Technology is playing an increasing role in consumer’s interaction with foodservice operators in China. Operators that have successfully leveraged platforms such as Tencent WeChat have enjoyed greater consumer loyalty, brand awareness and increased consumer spending.
  • Health is becoming an increasingly important factor governing consumer’s choices in the foodservice sector. After repeated safety scandals, many consumers, especially wealthy parents are showing interest in the provenance of food.
  • Chinese consumers tastes have become increasingly sophisticated as incomes in the country continue to rise; there is clear demand for premiumized product options and a desire to try new flavors. Increased consumption of wine is a key example of a product category benefitting from this trend.
Reasons to Buy
  • Specific forecasts of the foodservice market over the next five years (2016-2021) 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 and Bars) will allow readers understand the wants and needs of their target demographics.
  • Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the Chinese foodservice market.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Beijing South Beauty
  • Country Style Cooking
  • Hua Lai Shi
  • Pala Catering Management
  • Suije Restaurant Group
  • UBC Cof
  • MORE
Introduction
Report Guide
Executive Summary

Macroeconomic Context
GDP and Consumer Price Index
Population and demographic highlights
Annual household income distribution

Introducing the Consumer Segments
Consumer segment profiles and key identification metrics
Segment engagement overview in four key profit sector channels

Profit Sector Metrics
Key metric highlights
Outlets and transactions growth by channel
Operator buying volumes and growth by channel
Channel historic and future growth dynamics
Outlet type and type of ownership growth dynamics

Profit Sector by Channel

Quick Service Restaurants (QSR)
Summary and key take-out
Metrics
Key players
Key consumers
Why?
What?
Where?
What next?

Full Service Restaurants (FSR)
Summary and key take-out
Metrics
Key players
Key consumers
Why?
What?
Where?
What next?

Coffee and Tea Shops
Summary and key take-out
Metrics
Key players
Key consumers
Why?
What?
Where?
What next?

Pubs, Clubs and Bars
Summary and key take-out
Metrics
Key consumers
Why?
What?
Where?
What next?

Cost Sector Metrics
Cost operator trends - historic and future growth
Data and channel share breakdown

Education
Metrics - growth dynamics and drivers
What next?

Healthcare
Metrics - growth dynamics and drivers
What next?

Military and Civil Defense
Metrics - growth dynamics and drivers
What next?

Welfare and Services
Metrics - growth dynamics and drivers
What next?

Appendix
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  • YumChina
  • McDonald's
  • Pala Catering Management
  • Hua Lai Shi
  • Suije Restaurant Group
  • Ting Hsin Group
  • Xiao Wei Yang
  • Xiao Nan Guo
  • Country Style Cooking
  • Beijing South Beauty
  • China Quanjude
  • Element Fresh
  • Starbucks
  • UBC Cof
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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