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 $174.73 billion in 2018, up 10.7% from 2017. Over the five years through 2018, industry revenue has been growing at an annualized rate of 11.1%.There are about 2.3 million fast food restaurant locations (i.e...purchase to read more.

Industry Statistics & Market Size
Revenue
$175bn
Annual Growth 13-18
11.1%
Forecast Growth 18-23
Profit
Employment
9.6m
Businesses
2.4m

Industry Report - Starting a New Business Chapter

Barriers to entry are low in the Fast-Food Restaurant in China, particularly for independent operators that do not utilize special equipment and that are small-scale.Enterprises engaged in chain/multi-establishment operations meet slightly higher barriers to entry, including the need for higher technology and therefore equipment, investment in better eating environments, advertisement costs for brand establishment, increasing competition, and related factors. These, however, account for a relatively small number of total enterprises.Entry to this industry can also occur through a franchise agreement. The number of franchisees has recently increased along with the improved legal framework. Fra...purchase to read more.

Additional Insights for the Fast-Food Restaurants Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fast-Food Restaurants Industry are

  • Effective quality control
  • Effective cost controls
  • Must have a license
  • IBISWorld analysts also discuss how external factors such as Competition from Substitutes - Full Service Restaurants - Limited Service Restaurants and Leisure and Recreational Activity Levels - Leisure Time Availability in the Fast-Food Restaurants industry impact industry performance..

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    What's in this report

    What is the Fast-Food Restaurants Industry?

    The Fast-Food Restaurant industry in China operates fast-food restaurants in which customers order items and, in most cases, pay before eating. Food and drinks may be consumed on premises, taken out or delivered to the customer. Food provided by this industry includes both Chinese and Western fast food.

    Industry Products
  • Franchised and chain stores
  • Dumpling stores
  • Rice sets, quick-service and take-away outlets
  • Chinese-style noodle stores
  • Industry Activities
  • Quick-service restaurants
  • Fast-food services
  • Take-out facilities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Competition from Substitutes - Full Service Restaurants - Limited Service Restaurants
  • Leisure and Recreational Activity Levels - Leisure Time Availability
  • Number of Households
  • Per Capita Disposable Income
  • Leisure and Recreational Activity - Eating Out
  • Key Attitudinal Changes - Health Consciousness

  • Current Performance
    A changing competitive landscapeForeign influences
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Fast-Food Restaurants Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fast-Food Restaurants Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Households

  • Key Selling Industries
  • Bottled Water Production
  • Bread & Bakery Product Manufacturing
  • Dairy Product Production
  • Frozen Food Production
  • Meat Processing
  • Soda Production

  • Products & Services
  • Rice sets, quick-service and take-away outlets
  • Chinese-style noodle stores
  • Franchised and chain stores
  • Dumpling stores
  • Other
  • Chart: Fast-Food Restaurants Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Families
  • Employees and white-collar workers
  • Tourists and travelers
  • Students
  • Chart: Major Market Segmentation for the Fast-Food Restaurants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Chart: Cost Structure Benchmarking – Sector vs Fast-Food Restaurants

  • Basis of Competition
  • Product quality and standardization
  • Service
  • Eating environment
  • Brand image
  • Price
  • Other
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fast-Food Restaurants Industry

  • Industry Globalization
    Yum! Brands, Beijing McDonalds Foods Co., Ltd., Jollibee Group, Ting Hsin International Group, Gll Wonton,
  • Table: Yum! Brands - financial performance
  • Table: Beijing McDonalds Foods Co., Ltd. - financial performance
  • Table: Jollibee Group - financial performance
  • Table: Ting Hsin International Group - financial performance
  • Table: Gll Wonton - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fast-Food Restaurants Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fast-Food Restaurants Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chinese-Style Fast Food
  • Food such as noodles, dumplings, rice sets and take-away Chinese food generally served in plastic boxes or disposable packaging.
  • Fast Food
  • Food that can be prepared and served quickly to the customer in a standard, packaged form for take-out or casual in-house dining.
  • Western-Style Fast Food
  • Food such as hamburgers, fried chicken, sandwiches, pizzas and other Westernized foods that are prepared and served quickly.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fast-Food Restaurants market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fast-Food Restaurants:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fast-Food Restaurants market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fast-Food Restaurants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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