China - The Future of Foodservice to 2021
|出版日期||內容資訊||英文 152 Pages
|中國餐飲服務業的未來展望 China - The Future of Foodservice to 2021|
|出版日期: 2017年04月28日||內容資訊: 英文 152 Pages||
Chinese economy has seen strong growth with per capita GDP growing at around 8% between 2012 and 2016. Foodservice growth has been buoyed by an increase in urbanization: growing urban populations have increased the number of consumers that are able to visit foodservice outlets. Rapidly growing incomes have also increased the proportion of consumers who regularly visit foodservice outlets and the amount of discretionary income that consumers are willing to spend on foodservice.
Overall revenue in the Chinese profit foodservice sector grew at a CAGR of 5.7% between 2014 and 2016 to a total sector value of over CNY 7,700 Billion. Growth is forecast to continue forward to 2021 at a CAGR of 5.5%, this will result in a forecasted total sector value of over CNY 10,000 Billion by 2021.
Full Service Restaurant channel dominates the profit foodservice sector; the channel accounts for over 75% of all revenue in the profit foodservice sector. The majority of revenue in all major channels is attributable to independent operators and dine-in transactions, although chain operators and takeaway transaction revenue are forecast to grow faster to 2021 reflecting both consolidation and an increased focus on convenience transactions.
QSR is the second largest channel by revenue in the Chinese profit foodservice sector. The channel saw a CAGR of 5.5% between 2014 and 2016, and growth is forecast forward to 2021 at a CAGR of 5.0%. Growth in the channel is being driven by rising urbanization and strong growth in commercial construction.
Chinese coffee and tea shop channel has seen strong growth between 2014 and 2016 with a CAGR in channel revenue of 6.9%. Growth in the channel is forecast to continue to 2021 at a CAGR of 6.6%, outperforming the wider foodservice sector. China's rapid development has benefitted operators in the channel. Growing urbanization is increasing the number of consumers who are able to visit outlets in the channel regularly.
Compared to other restaurant channels, the coffee and tea shop channel is relatively consolidated. Large players include international player Starbucks, and locally grown operators UBC, Liangan and DIO.
The report "China - The Future of Foodservice to 2021" provides extensive insight and analysis of the Chinese Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.
In particular, this report provides the following analysis -
Companies mentioned in this report: YumChina, McDonald's, Pala Catering Management, Hua Lai Shi, Suije Restaurant Group, Ting Hsin Group, Xiao Wei Yang, Xiao Nan Guo, Country Style Cooking, Beijing South Beauty, China Quanjude, Element Fresh, Starbucks, UBC Coffee, Zhejiang Liangan, RBT, Suzhou Dio, SPR Group, Shanghai Min, Little lamb, Pizza Hut, KFC, Dicos.