DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "China Food Service Restaurant Market - Segmented by Type and Service (2017 - 2022)" report to their offering.
Food service restaurants are various types of chain and independent foodservice providers. The China food service restaurant market is expected to grow at a CAGR of 11.5% during the forecast period of 2017-2022.China is the largest market for foodservice restaurants, globally, ahead of the US, which is the second largest market.
The primary factors driving the market for food service restaurants are the increased dining out for socialising, business meetings, family gatherings, gathering with friends and the unwillingness of consumers to cook at home. The growth of multinational industries in China has increased international business travelling. This has made way for the interest among consumers for exotic and various international cuisines, which is driving the food service sector market in China. Moreover, the Chinese consumers have shown great interest towards coffee consumption in recent years, despite, being a tea-consuming nation given the influence of the Western work culture. However, an increase in the cost of living and high costs of ingredients have affected the market growth. The economic slowdown in China and many food safety concerns have had their negative impact on the foodservice industry in the country.
Some of the major players capturing the food service restaurant in China include
- McDonald's Corp.
- Yum! Brands Inc.
- Burger King Worldwide Inc.
- Starbucks Corp.
- China Quanjude (Group) Co. Ltd.
Yum Brand's deal in China with Chinese e-commerce leader Alibaba should give shareholder a tasty meal.
Starbucks CEO has announced to open 2500 new stores in China in the next five years.
Future Spotlight
Key Topics Covered:
1. Introduction
2. Research Approach and Methodology
3. Key Trends & Development
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
- McDonald's Corp.
- Yum! Brands Inc.
- Doctor's Associates Inc.
- Seven & I Holdings Co. Ltd.
- Burger King Worldwide Inc.
- Starbucks Corp.
- Inner Mongolia Xiao Wei Yang Chained Food Service Co. Ltd.
- China Quanjude (Group) Co. Ltd.
- Beijing South Beauty Catering Co. Ltd.
- Ting Hsin International Group
- Hua Lai Shi Catering Management & Service Co. Ltd.
- Shigemitsu Industry Co. Ltd.
- UBC Coffee food Co. Ltd.
- Zhejiang Liangan Food Chain Co. Ltd.
- Whitbread Plc
For more information about this report visit http://www.researchandmarkets.com/research/ddbrg3/china_food
