The total scale is rebounding rapidly

In recent years, the overall scale of China's catering industry has shown growth. Data from the National Bureau of Statistics shows that from 2011 to 2019, the year-on-year growth rate of China's catering revenue has been higher than the year-on-year growth rate of total retail sales of consumer goods.In 2019, the revenue of China's catering industry amounted to 4,672,070,000,000 yuan, a year-on-year growth rate of 9.38%, accounting for 11.35% of total retail sales of consumer goods.In 2020, with the outbreak of the New Crown Epidemic, the catering industry's day-to-day operations were was restricted, with annual restaurant revenue declining by about 15% compared to 2019.

In 2021, with the new crown epidemic gradually under control, China's food and beverage industry has recovered to the pre-epidemic level, the industry's revenue growth is again ahead of the total retail sales of consumer goods growth of up to 6.1 percentage points, and the total revenue scale rebounded to 4,689.5 billion yuan.

Food accounted for more than half

Currently, China's food and beverage industry in accordance with the catering industry to distinguish, can be divided into four major categories of food, fast food, casual dining and other, of which fast food and casual dining as China's catering industry as a complementary area of the formal dining market in recent years the rapid development of the form of gradual diversification.

Specific to the catering industry composition, according to Frost & Sullivan statistics show that China's catering industry is still dominated by the main meal, since 2016, the market size of the main meal accounted for more than 50% of the level; fast food and casual dining accounted for about 20% and 10% respectively. By 2021, the national market share of formal food will be 57.25%, ranking first; fast food and casual dining market share will be 23.39% and 12.53% respectively.

Fast food market size exceeded trillion

Specifically, the formal dining is a heavy service, consumption time longer full-service catering industry, generally only in the fixed lunch and dinner time supply instead of all day supply. From the perspective of China's eating habits and consumption demand, the leading position of formal dining in China's catering industry is difficult to shake.

Since 2016, the size of China's formal dining market has maintained a steady growth momentum of development, growing from 2.08 trillion yuan in 2016 to 2.69 trillion yuan in 2019. 2020, the impact of the epidemic, the development of the national formal dining market was hindered by the epidemic, and by 2021, with the gradual control of the epidemic in the country, the national market size of the formal dining market rebounded, once again exceeding 2.6 trillion yuan , growing to 268.48 billion yuan, a year-on-year increase of 19.50%.

Fast food is a light-service, limited-service restaurant format with a short consumption time, offering quick and consistent food and service, often with customized platforms designed for fast and efficient ordering, cooking and delivery.

Since 2016, China's fast food market size to maintain a steady growth momentum of development, in 2019, the market size for the first time exceeded one trillion. 2020, by the impact of the new Crown pneumonia epidemic, the fast food market size appeared to fall back to 2021, with the gradual control of the domestic epidemic, the country's fast food market size rebounded, once again exceeded one trillion yuan, growing to 1,097.1 billion yuan with a year-on-year growth of 17.54%.

-- For more research and analysis of this industry, please refer to China Catering Industry Development Outlook and Investment Forecast Analysis Report