China Foodservice Market Size (2024 - 2029)

China Food Service Market Analysis

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).

China's foodservice market is primarily driven by the increasing frequency of dining out amid time-pressed schedules and the growing influence of Western dietary patterns, due to the presence of international companies particularly in urban areas. Additionally, the market is being driven by factors such as the growing percentage of the young and working population and the availability of organized food service restaurants offering quality food and services. Subsequently, the rapid growth of the fast-food sector in the country has led to an expansion of more food chains in the quick service sector, thus, benefitting the overall market studied.

As app-based delivery is growing in China, restaurants find it cheaper to service online from a cloud kitchen. Thus, the growing number of cloud kitchens in the country is further supporting the market studied. Furthermore, the market players in cloud kitchens are also incorporating new and innovative healthy food, with organic and natural ingredients, in an attempt to overcome the challenges previously faced by the players in the industry.

With digital natives contributing a larger share of transactions in the future, growth in the usage of technology in ordering and deliveries is inevitable is projected to record the fastest growth over the forecast period. Therefore, the above-mentioned factors are bound to support market growth during the forecast years.

China Food Service Industry Segmentation

Foodservice refers to the preparation, distribution, and sale of food and beverages in various settings such as restaurants, cafeterias, and other establishments. The Chinese foodservice market is segmented by type, structure, location, and cuisine type. By type, the market is bifurcated into full-service restaurants, quick-service restaurants, cafes and bars, and cloud kitchens. Similarly, the market is segmented by structure into independent and chained outlets. The market is divided into standalone, leisure, retail, lodging, and travel based on location. Based on cuisine type, the food service market is segmented into full-service restaurants, quick-service cuisine, cafes and bars, and cloud kitchens and these are further bifurcated into Full-service restaurants (Asia, Europe, Latin America, Middle Eastern, North America, and other full-service restaurant cuisines), quick-service restaurants (bakeries, burgers, ice cream, meat-based cuisine, and other quick-service cuisine types), cafes and bars (bars and pubs, cafes, juices/smoothies/desserts, and specialty coffee and tea) and cloud kitchen respectively. For each segment, the market sizing and forecasts have been done based on value (in USD million).