Foodservice in China industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the foodservice market in China Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the foodservice market in China Leading company profiles reveal details of key foodservice market players’ global operations and financial performance Add weight to presentations and pitches by understanding the future growth prospects of the China foodservice market with five year forecasts by both value and volume
Essential resource for top-line data and analysis covering the China foodservice market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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What was the size of the China foodservice market by value in 2015? What will be the size of the China foodservice market in 2020? What factors are affecting the strength of competition in the China foodservice market? How has the market performed over the last five years? What are the main segments that make up China's foodservice market?
Foodservice is defined as the cost of all food and drink, including on-trade drinks not drunk with food, for immediate consumption on the premises or in designated eating areas shared with other foodservice operators, or in the case of takeaway transactions, freshly prepared food for immediate consumption. Foodservice is restricted to the sale of food and drink in specific foodservice channels defined below and excludes vending machines. The Chinese foodservice industry had total revenues of $758.4bn in 2015, representing a compound annual growth rate (CAGR) of 10.9% between 2011 and 2015. Industry consumption volume increased with a CAGR of 7.9% between 2011 and 2015, to reach a total of 93.3 billion transactions in 2015. The Chinese market is the largest in the Asia-Pacific region, accounting for more than half of sales. This strong sales growth has come about as the country has become increasingly affluent, with a huge rise in the number of middle class consumers. Rising per capita incomes allow consumers to spend more on leisure activities such as eating out in restaurants. The increasing prevalence of Western-style food has also contributed to the increased market shares of the full service and quick service restaurant segments in the last few years.