Jul 06, 2021 (The Expresswire) -- Global China Food Service Market Report organizes across the globe into distinct portion based on industry standards. It also distinguishes the market based on geographical regions. The China Food Service report mainly throws light on dominant players in the regions of (North America, Europe, China, Japan, Latin America and India). Other regions can be added accordingly. China Food Service Market Report Focuses on the key global China Food Service manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in forecast period.
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The China Food Service Market report quantifies the market share held by the significant players of the industry and gives an in-depth view of the competitive landscape. This market is classified into different segments with a comprehensive analysis of each with respect to a geography for the research period.
China Food Service Market report offers a comprehensive view regarding the competitive landscape of the China Food Service market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding RandD investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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Food service restaurants are various types of chain and independent foodservice providers. The China food service restaurant market is expected to grow at a CAGR of 11.5% during the forecast period of 2018 - 2023. China is the largest market for foodservice restaurants, globally, ahead of the US, which is the second largest market.
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.
Full-Service Restaurants Hold the Largest Market
The market has been segmented into the type of food service sector, structure type, distribution channel and the Chinese full-service restaurant (FSR). The total consumer foodservice market is divided into full service restaurants, fast food restaurants, cafes/bars, pizza foodservice, street stalls and kiosks, self-service restaurants, and 100% home delivery restaurants. Full-service restaurants hold the largest market share, followed by fast food restaurants. Cafes and bars are growing at a fast rate due to the increased coffee consumption in China.
Full-service restaurants are further segmented into Asian FSR, European FSR, North American FSR, Pizza FSR and other FSR. Regarding the type of restaurant, the market is segmented as independent consumer foodservice and chained consumer foodservice. Chained consumer food service market is growing at a fast rate due to the increased investments by international brands such as the US and the UK chain restaurants in China. Chinese foodservice market, by the distribution type, is categorized into eat-in restaurants, take away, home delivery and drive-through restaurants.
Major players: MCDONALD'S CORP, YUM! BRANDS INC., BURGER KING WORLDWIDE INC., STARBUCKS CORP., CHINA QUANJUDE (GROUP) CO. LTD., DOCTOR'S ASSOCIATES INC., SEVEN and I HOLDINGS CO. LTD., WHITBREAD PLC, UBC COFFEE FOOD CO. LTD.
March 2017: Yum BrandÃ¢â¬â¢s deal in China with Chinese e-commerce leader Alibaba should give shareholder a tasty meal.
April 2017: Starbucks CEO has announced to open 2500 new stores in China in the next five years.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and PorterÃ¢â¬â¢s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet (in excel).
Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global China Food Service Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of China Food Service.
Regional Market Analysis:
The China Food Service Market report includes Global and Regional market status and outlook 2021-2023. Further, the report provides break down details about each region and countries covered in the report. Identifying its sales, sales volume and revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Global China Food Service Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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