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The China Foodservice Market size is estimated at USD 560.11 billion in 2024, and is expected to reach USD 694.76 billion by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).
The report also forecasts the Food Truck Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. What are the key driving factors for the Food Truck Market? The major factors driving the Food Truck Market are the increasing consumption of fast food and the rising trend of urbanization.
The food truck market size crossed USD 4.3 billion in 2023 and is projected to observe around 5% CAGR from 2024 to 2032, driven by the rising demand for convenient and diverse dining options.
The global food trucks market size was valued at USD 3.93 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. A surge in gastronomy across the globe coupled with the rising preference of consumers between the age group.
31 Οκτ 2023 · China Foodservice Market Report Overview. The China foodservice profit sector recorded value sales of CNY5.7 trillion ($841.6 billion) in 2022 and is forecast to record a CAGR of over 3% during 2022-2027. The following are some of the key highlights of the China foodservice market:
Regarding China’s food supply and demand, Lester R. Brown forecast that the net-import volume for food would be 151 million tonnes in 2010, 258 million tonnes in 2020, and 370 million tonnes in 2030.
Global Food Truck Market is valued at USD 3.19 Billion in the year 2022 and is projected to reach a value of USD 5.25 Billion by the year 2030. The Global Market is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 6.40% over the forecast period.
