China Catering Market Outlook 2027F
driven by increasing demand & innovative business Model
Region:Asia
Product Code:KROD107
January 2023
70
About the Report
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’s 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’s 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.
Scope of the Report
|
By Type of Catering |
Event Catering Government Catering Industry Catering Leisure Catering Hospital catering Airline Catering |
|
By Type of Structure |
Independent outlets Chained Outlets |
Products
Key Target Audience
- Airline Catering Companies
- Fine Dining Caterers
- School Caterers
- Hotels
- Industrial Caterers
- Government Bodies
- Facility Management Companies
- Industries
- Schools
- Hospitals
Time Period Captured in the Report:
- Historical Period: FY’17- FY’22P
- Base Year: FY’22P
- Forecast Period: FY’22P – FY’27F
Companies
Key Companies Covered
- KFC
- Pizza hut
- Grandma’s Home
- Quanjude
- Qianxihe
- KFC
- Haoxianglai
- Haidilao
- Donglaishun
Table of Contents
1. Executive Summary
2. China Catering Market Overview
2.1 Taxonomy of the China Catering Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives the China Catering Market
2.5 Growth Drivers of the China Catering Market
2.6 Issues and Challenges of the China Catering Market
2.7 Impact of COVID-19 on the China Catering Market
2.8 SWOT Analysis
3. China Catering Market Size, 2017 – 2022
4. China Catering Market Segmentation
4.1 By Catering Type, 2017 - 2022
4.2 By Structure Type, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 KFC
5.3.2 Pizza Hut
5.3.3 Grandma’s Home
5.3.4 Quanjude
5.3.5 Haidilao
5.3.6 Donglaishun
5.3.7 Qianxihe
6. China Catering Future Market Size, 2022 – 2027
7. China Catering Future Market Segmentation
7.1 By Catering Type, 2022 - 2027
7.2 By Structure Type, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Our team will initially create an ecosystem for all the entities in the Catering Market that are providing Catering and fund transfer services in Chinese Market.
Step 2: Market Building:
In the next step, we have referred to multiple secondary and proprietary databases to perform deck research around the market and collate industry-level information to create an initial level hypothesis. We also explore company-level info by referring press releases, annual reports, financial statements, and other documents to understand basic information about the companies and market level.
Step 3: Validating and Finalizing:
Later our team conducts a series of Interviews with multiple C-Level Executive and other stakeholders belonging to different companies to confirm the market hypothesis, validate statistics and seek operational and financial
Step 4: Research Output:
Furthermore, to validate this data our team pitchs each company as a potential customer through a mystery shopping exercise and confirms the operational and financial performance of China Catering Services Market Entities which have been shared by company executives and available on secondary databases. We also conduct another set of CATIs with the respective entities to understand customer behaviour, channel preference, and other factors. We assess customer analysis in terms of their preferences and pain points.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The China Catering ServicesMarket is covered from 2017–2022 in this report, including a forecast for 2023-2027.
02 What is the Future Growth Rate of the China Catering ServicesMarket?
The China Catering ServicesMarket is expected to witness a CAGR of ~% over the next four years.
03 What are the Key Factors Driving the China Catering Services Market?
An increasing demand & innovative business models are some of the major growth drivers
04 Who are the Key Players in the China Catering Services Market?
ZKungfu, Yershari, Zhejiang grandma’s Home Catering operation company, Quanjude, Qianxihe, KFC, Haoxianglai, Haidilao, Donglaishun, Pizza Hut
Why Buy From Us?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.