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 $121.7 billion in 2015, up 9.7% from 2014. Over the five years through 2015, industry revenue has been growing at an annualized rate of 11.6%.
There are about 2.2 million fast food restaurant locations (i.e.... purchase to read more
Industry Report - Industry Key Buyers Chapter
There are over two million enterprises in this industry in 2015. However, only an estimated 7,000 are the establishments of 130 large franchising or chain operators with revenue of over two million RMB ($244,200). ACMR-IBISWorld estimates that there are another 400-to-500 establishments operated by chain operators, with the remainder being independent stores.
The combined revenue share of the industry's four largest companies – Yum! Restaurants China (Pizza Hut and KFC), Beijing McDonald's Foods, Dico's Food Development, and Yonghe King – is estimated at 12.0% of industry revenue in 2015... purchase to read more