Industry Analysis & Industry Trends
In recent years, lifestyle changes and reduced leisure time have contributed to a consumer shift from traditional full-service restaurants toward fast-food establishments. In addition, increased Western influences in China have seen increased demand for fast food. With the rapid development of fast-food service providers, improvements in chain store and franchising management, and new brands and food styles, industry growth has been very strong in the past decade.
ACMR-IBISWorld estimates that the Fast-Food Restaurant industry in China will generate $135.6 billion in 2016, up 8.3% from 2015. Over the five years through 2016, industry revenue has been growing at an annualized rate of 10.1%.
There are about 2.2 million fast food restaurant locations (i.e.... purchase to read more
Industry Report - Industry Products Chapter
Chinese-style rice sets, quick-service restaurants and take-out facilities
Chinese-style rice sets (including various meat and vegetable dishes), quick-service restaurants and take-out facilities operating independently and located in office buildings, universities, markets, shopping centers and snack and fast-food streets account for the largest segment of industry revenue at 34.1% in 2016.
Chinese-style noodle and dumpling stores
Chinese-style noodle and dumpling stores are also large product segments and are particularly preferred for breakfast, although the largest consumption is still at lunchtime. Together, these products are estimated to generate 43.2% of total industry revenue in 2016... purchase to read more