China's catering industry scale 2020 by the impact of the epidemic declined, the industry concentration is low
"People eat for heaven", since the reform and development, with the rapid development of China's economy, production capacity and people's income levels continue to improve, China from the 70s and 80s of the "It is difficult to eat" to the nineties "eat enough", and then to the twenty-first century since the continuous pursuit of eating characteristics, eat healthy, eat nutrition, eat convenient, eat culture, eat leisure.
China's food and beverage industry, along with economic development, has not only become a witness to the improvement of people's living standards and consumption ability, but also gradually become a pillar industry for expanding domestic demand, promoting sales, stabilizing growth and benefiting people's livelihood.
According to data from the National Bureau of Statistics, in recent years, the market scale of China's catering industry has continued to grow, exceeding 2 trillion in 2011, 3 trillion in 2015, and 4 trillion in 2018, reaching 4.27 trillion, accounting for 4.7% of the national economy's output value.The revenue of the catering industry in 2019 was 4.7 trillion, an increase of 9.4% year-on-year.
Although the growth rate has declined in recent years, it is still much higher than the GDP growth rate. Affected by the new Crown pneumonia outbreak, the cumulative revenue of China's food and beverage industry was 2959.8 billion yuan from January to October 2020, down 21% from the same period of the previous year.
The domestic catering market is relatively fragmented, with low industry concentration. According to data from the 2019 Analysis Report on China's Top 100 Catering Enterprises and Top 500 Catering Stores released by the China Cuisine Association in June 2020, in 2019, the total operating revenue of the top 100 catering enterprises amounted to 327.38 billion yuan, with a year-on-year growth rate as high as 9.6%.
The operating revenue of the top 100 catering enterprises accounted for 7% of the national catering revenue, and the concentration of the top 100 enterprises has increased but remains low. With the catering market for resource integration, catering enterprises continue to grow bigger and stronger, catering within the top 100 enterprises polarization is still relatively obvious.
The proportion of formal dining has been decreasing year by year, and other catering types have dominated the market
China's formal dining has always accounted for the largest proportion of catering from 2012 to 2019, but in recent years, with the diversification of the catering industry, the proportion of formal dining has been decreasing year by year, but it is still the mainstay of the catering industry. the number of other catering has increased rapidly in 2019, growing from 19.91% of the entire industry in 2018 to 49.65% of the entire industry, an increase of nearly 30 percentage points.
China's food and beverage types are diverse, in addition to the types of formal meals other food and beverage is increasing year by year. Catering industry in the formal dining accounted for 42.39%, Western casual dining accounted for 19.86%, hot pot accounted for 12.06%, group meals accounted for 11.35%, fast food accounted for 7.96%, Japanese food accounted for 6.38%.
It is expected that the market size of the catering industry will reach 7 trillion yuan in 2026
While 2020 was affected by the new crown epidemic, but the current epidemic in China has been well controlled, the vaccine is also in the process of popularization of vaccination, the future of China's food and beverage industry will continue to grow and will be more diverse. And China's catering industry brand will accelerate the development of low-carbon catering more popular, restaurant information technology to accelerate the degree will help the development of the catering industry. It is expected that by 2026, the market size of China's catering industry will reach more than 700 billion yuan.
-- More data can be referred to the Prospect Industry Research Institute "China's catering industry development outlook and investment forecast analysis
.