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

  • ID: 5521698
  • Report
  • January 2022
  • Region: China
  • 147 Pages
  • Renub Research

FEATURED COMPANIES

  • Domino's Pizza Inc.
  • Jollibee Foods Corp.
  • Starbucks Corp.
  • Tim Hortons
  • YUM! Brands Inc.
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 the 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, the publisher has 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 the 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.

This 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, Café 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. Café 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.
Frequently Asked Questions about the Chinese Food Service Market

What is the estimated value of the Chinese Food Service Market?

The Chinese Food Service Market was estimated to be valued at $579.1 Billion in 2021.

What is the growth rate of the Chinese Food Service Market?

The growth rate of the Chinese Food Service Market is 7.9%, with an estimated value of $914.1 Billion by 2027.

What is the forecasted size of the Chinese Food Service Market?

The Chinese Food Service Market is estimated to be worth $914.1 Billion by 2027.

Who are the key companies in the Chinese Food Service Market?

Key companies in the Chinese Food Service Market include 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. and Yoshinoya Holdings Co., Ltd..

FEATURED COMPANIES

  • Domino's Pizza Inc.
  • Jollibee Foods Corp.
  • Starbucks Corp.
  • Tim Hortons
  • YUM! Brands Inc.

1. Introduction2. Research& Methodology3. 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 Café 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 - Café and Bar Market(Billion US$), 2016 - 2021
Figure-42: Restaurants Type - Forecast for Café and Bar Market(Billion US$), 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
  • 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.

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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