Food & Beverage Market Research News

China food service market trends illuminated by new report

Food & Beverage Market Research

The Chinese food service restaurant market is expected to grow at a CAGR of 11.5% during the forecast period of 2018 - 2023.

Food service restaurants are various types of chain and independent foodservice providers. 

China is the largest market for foodservice restaurants, globally, ahead of the US, which is the second largest market.

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Growing Popularity for Online Food Delivery

The primary factors driving the market for food service restaurants are the increased dining out for socializing, business meetings, family gatherings, gathering with friends and the unwillingness of consumers to cook at home.