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Learn moreFeb 2021
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Since the coronavirus outbreak, massive lockdown, store closures and restricted public movement in January and February led to a dramatic decline in China’s economy in 2020. Whilst ultimately effective in containing the virus, the impact on foodservice demand remained significant, with a large slump affecting the entire year’s performance, especially full-service restaurants, self-service cafeterias and cafés/bars.
There was a strict lockdown in Hubei province in China from 23 January to 8 April, while other provinces imposed different social distancing policies and partial lockdowns. Movement in and out of the worst-hit provinces was banned until 4 February, with 14-day quarantines required for those moving between provinces.
Prior to the pandemic, the Chinese consumer foodservice industry was already highly fragmented and competitive. However, the onset of COVID-19 created a much fiercer competitive environment in all categories.
Due to the COVID-19 crisis, even though chained players had been expected to accelerate their expansion plans across all categories, independent operators continued to dominate the Chinese consumer foodservice industry. However, independent operators in all foodservice categories fared poorly in 2020 with some having to shut down permanently, lacking the cash to weather weeks of operating restrictions as well as the total loss of footfall.
Although the COVID-19 outbreak caused the whole market to go into decline, China’s consumer foodservice industry is nevertheless projected to recover quickly in 2021 with continued growth likely over 2020-2025 driven by the recovering macroeconomy and the digitalisation shift. In fact, with effective measures adopted by the government, the pandemic has been controlled much better than was previously forecast at the beginning of 2020 in China.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice industry in China with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Foodservice industry in China, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Consumer Foodservice market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.