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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).
Despite grappling with the economic repercussions of the COVID-19 pandemic in 2020, followed by increasing interest rates and inflation since 2021, the Chinese Restaurants industry has shown resilience. A 4.7% annualized growth rate since 2018 has lifted its projected value to $27.0 billion by 2024.
14 Οκτ 2024 · The China food service market size was USD 454.80 billion in 2022. The market is projected to grow from USD 504.52 billion in 2023 to USD 1,061.16 billion by 2030, exhibiting a CAGR of 11.21% during the forecast period. Foodservice outlets serve meals and snacks on-premise or take away.
17 Σεπ 2024 · Retail sales value of the food service market in China in selected years from 2016 to 2022, with forecasts until 2027, by type (in billion U.S. dollars)
In this guide: Why create and maintain a financial forecast for a Chinese restaurant? What information is used as input to build a Chinese restaurant financial forecast? The sales forecast for a Chinese restaurant. The operating expenses for a Chinese restaurant. What investments are needed for a Chinese restaurant?
Expert industry market research on the Fast-Food Restaurants in China (2014-2029). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.
Has the Full-Service Restaurants industry in China grown or declined over the past 5 years? The market size of the Full-Service Restaurants industry in China has been growing at a CAGR of 3.6 % between 2019 and 2024.
