2023-10-17 06:19:00
Recently, the China Hotel Association and Xinhuanet released the “2023 China Catering Industry Annual Report”. The report shows that the baking industry and tea beverage industry have shown a significant growth trend, and the year-on-year changes in average store revenue have increased significantly.
Consumers wait in a line for tea drinks at a shopping mall in Yantai, Shandong province, on Aug 25, 2023. [Photo/VCG]
China’s baking and tea beverage sectors are showing strong growth with significant increases in average revenue per outlet, according to an industry report jointly published by the China Hospitality Association and Xinhuanet on Friday.
The “2023 China Catering Industry Annual Report” jointly released by the China Hotel Association and Xinhuanet on October 13 stated that the baking industry and tea beverage industry showed a significant growth trend, and the year-on-year changes in average store revenue increased significantly.
The report, titled the “2023 National Catering Industry Report”, tracks major trends across the Chinese food and beverage industry, Securities Daily reported on Sunday.
Securities Daily reported on October 15 that this industry report tracked and monitored major catering formats across the country.
Specifically, Xinjiang Uygur autonomous region leads in the increase in average revenue per tea beverage outlet and Shanxi province boasts the highest number of new tea beverage shops.
The region with the highest growth in average tea drink shop revenue is the Xinjiang Uygur Autonomous Region, and the largest growth in the number of tea drink shops is in Shanxi Province.
While in the baking industry, Hunan province stands out for the highest earnings per shop, and Tianjin has the most new baking shops.
The province with the largest increase in bakery store revenue was Hunan, and the largest increase in the number of bakery stores was in Tianjin.
The report includes annual statistics of the Chinese catering industry, an analysis of industry’s operations and high-quality development case studies.
The report includes China’s catering industry statistical annual report, analysis of the industry’s overall operating conditions and a selection of high-quality development cases.
It covers a variety of businesses, including private, State-owned and foreign-invested enterprises, both domestic and international, which operate in formats such as full-service restaurants, hot pot, group dining, tea beverage outlets and others.
The companies surveyed include domestic private enterprises, state-owned enterprises, Hong Kong, Macao and Taiwan-funded enterprises and foreign-invested enterprises, covering formal meals, hot pot, group meals, tea drinks and other formats.
The report includes provincial and regional development indices for key sectors in the catering industry. These indices reflect the developments in local revenue and the number of outlets for specific types of food and beverage establishments.
The report compiles the development index of major catering formats by province and city, which reflects the changing trends and development of a certain catering format in local sales and number of stores.
In 2022, the full-service restaurant, fast food and barbecue sectors showed stable growth, with modest increases in both average revenue per outlet and the number of outlets.
In 2022, the national catering industry, fast food industry, and barbecue industry will show a stable development trend, with both the year-on-year change in average store revenue and the year-on-year change in the number of stores increasing slightly.
Hainan province saw the highest growth in barbecue restaurant revenue, while Hubei province recorded the highest growth in the number of barbecue outlets.
Among them, the province with the largest increase in the average revenue of barbecue restaurants is Hainan Province, and the province with the largest increase in the number of barbecue restaurants is Hubei Province.
The report also highlights key trends from the previous year, including a surge in consumer demand for pre-made dishes, with sales steadily increasing.
The report also highlights the major trends in the catering market over the past year, including the surge in consumer demand for prepared dishes and the steady growth in sales of prepared dish products.
Sales of pre-made meal products have shown a steady growth trend year by year, with demand in the consumer market seeing rapid growth, according to data from Alibaba’s local life division. Pre-packaged meals have also shown seasonality in demand.
According to Alibaba’s local life statistics, the sales of prepared vegetable products have shown a steady growth trend year by year, and C-end consumption has continued to grow at a high speed, and it has seasonal attributes.
Several regions across the country promoted the pre-made meal industry through supportive policies and industry standards.
Many places across the country are actively developing the prepared vegetable industry and have successively released policy documents and industry standards to support the local prepared vegetable industry.
Nearly 70 industry standards were introduced in the pre-made dishes sector in 2022, according to the report.
According to report statistics, there will be nearly 70 related group standards in the field of prepared dishes in 2022.
As a result of the interplay between market dynamics, policy support and industry standards, the pre-made meal industry is expected to be further well regulated.
Under the triple influence of market, policy and standards, the prepared vegetable industry will enter a new stage of standardized development.
Regarding the future strategic plans and business outlook of catering enterprises, the survey results in the report shows that the top focus for these companies is brand development, accounting for 73.1 percent. Supply chain expansion and digitalization follow closely behind at 65.6 percent and 59.1 percent, respectively.
The report investigates the future strategic plans and business prospects of catering companies. The survey results show that the top three development directions that catering companies currently pay most attention to are branding, supply chain development and digitalization, accounting for 73.1%, 65.6% and 59.1% respectively.
English source: China Daily.com
Translator & Editor: Dani
[Editor in charge: Chen Danni]
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