China Food Service Market Size - By Type, By Structure - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

China Food Service Market Size - By Type, By Structure - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

China Food Service Market Overview

According to SPER Market Research, the China Food Service Market is estimated to reach USD 1369.5 billion by 2032 with a CAGR of 8.14%. The market for food services in China includes businesses like restaurants, cafes, food courts, and other eating places that serve food and drinks to customers away from their homes. The market is distinguished by a wide variety of cuisines, dining settings, and pricing points, which are a reflection of the nation's illustrious culinary heritage and the quickly changing customer tastes. With the growth of digital technology and delivery platforms like Meituan and Ele.me, which have upended established business models and made it possible for customers to buy food and beverages online for delivery or takeout, the market has undergone a substantial transition recently.

Impact of COVID-19 on the China Food Service Market

The Chinese food service industry has suffered greatly as a result of the COVID-19 outbreak. Sales have plummeted as a result of the stringent lockdowns and travel restrictions that have been imposed. Because of financial troubles, a lot of restaurants had to close temporarily, and some had to close permanently. A change in consumer behaviour as a result of the epidemic has seen more consumers choose ordering food delivery services over going out to restaurants. Due to the enormous increase in demand, this trend has accelerated the development of online meal delivery services like Meituan and Ele.me.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By Structure.
Regions covered East China, Middle China, North China, Northeast China, Northwest China, South China, Southwest China.
Companies Covered China Quanjude (Group) Co. Ltd, Domino's Pizza Inc., South Beauty, Starbucks Corp, Ting Hsin International Group, Xiao Wei Yang Chained Food Service Co. Ltd, Yum! Brands.

China Food Service Market Segmentation:

By Type: Based on the Type, China Food Service Market is segmented as; Full-service Restaurant (FSR), Quick service Restaurant, Fast Food, Cafe and Bar, 100% Home Delivery Restaurant.

By Structure: Based on the Structure, China Food Service Market is segmented as; Independent Retail Stores, Chained Retail Stores.

By Region: This report also provides the data for key regional segments of East China, Middle China, North China, Northeast China, Northwest China, South China, Southwest China.