China Catering Market Outlook 2027F

China Catering Market Outlook 2027F

The report provides a comprehensive analysis of the potential of China Catering Market. The report covers an overview and genesis of the industry, market size in terms of market demand.

Its market segment includes by type of catering (Event Catering, Government Catering, Industrial Catering, Airline Catering, School Catering) by Structure (Chained outlets, independent outlets). The report includes Porter five force analysis, growth enablers, recent trends developments, pain points solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview

According to Ken Research estimates, the China Catering Market which grew at a CAGR of ~% from 2017-2022 is forecasted to grow at a CAGR of ~% from 2023-2027F owing to an increasing demand innovative business models.

With the growing demand for business entertainment, many people are going to restaurants, pubs, tea houses and other eateries for everyday meals and gatherings with friends. This has urged the development of catering services.

Digitization of food services is in full force with people showing their preference for online takeaways.

Key Trends by Market Segment:

By Type of Catering

In 2019, the revenue of full-service restaurants in China amounted to around 2.69 trillion yuan, accounting for around 57.5 percent of total revenues of catering services in China. Fast food and leisure catering were the fastest-growing market sectors.

Competitive Landscape

The China catering market is fragmented with major global and national players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the China Catering market for its products, services, and continuous product developments are ZKungfu, Yershari, Zhejiang grandma Home Catering operation company, Quanjude, Qianxihe, KFC, Haoxianglai, Haidilao, Donglaishun, Pizza Hut among others.

Future Outlook

As per recent articles published by several reliable sources, it is predicted that China's catering industry would be larger than that of United States in 2023, and become the biggest catering market in the world. Moreover, digitization brand establishment with the use of flexible assets, operation management methods are some elements that can be included in the upcoming years.

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