Nov 04, 2019 (Market Insight Reports via COMTEX) -- The report presents an in-depth assessment of the China Food Service Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for China Food Service investments from 2019 till 2023.
The China food service restaurant market is expected to grow at a CAGR of 11.5% during the forecast period of 2018 – 2023.
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The China Food Service market is highly competitive and consists of a number of major players. Companies like McDonald’s Corp., Yum! Brands Inc., Doctor’s Associates Inc., Seven & I Holdings Co. Ltd., Burger King Worldwide Inc., Starbucks Corp., Inner Mongolia Xiao Wei Yang Chained Food Service Co. Ltd., China Quanjude (Group) Co. Ltd., Beijing South Beauty Catering Co. Ltd., Ting Hsin International Group, Hua Lai Shi Catering Management & Service Co. Ltd., Shigemitsu Industry Co. Ltd., UBC Coffee food Co. Ltd., Zhejiang Liangan Food Chain Co. Ltd., Whitbread Plcand among others.
Key Market Trends:
Growing Popularity for Online Food Delivery
The primary factors driving the market for food service restaurants are the increased dining out for socializing, business meetings, family gatherings, gathering with friends and the unwillingness of consumers to cook at home. The growth of multinational industries in China has increased international business travelling. This has made way for the interest among consumers for exotic and various international cuisines, which is driving the food service sector market in China. Moreover, the Chinese consumers have shown great interest towards coffee consumption in recent years, despite, being a tea-consuming nation given the influence of the Western work culture. However, an increase in the cost of living and internet penetration in China online delivery have affected to the market growth. The economic slowdown in China and many food safety concerns have had their negative impact on the foodservice industry in the country.
Fast food service restaurants focus on organic produce, and healthy food dishes are the future spotlight for the market. At present, organic foods are at a nascent stage in China, which is expected to increase because of the growing consumer awareness about organic foods and food safety issues in China. Moreover, the investment in fast-casual restaurant model, as compared to traditional food chain restaurants, will provide a good opportunity as it will boost the local economy.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a China and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: China Food Service Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
Finally, China Food Service Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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