How to treat the trend of catering industry in 2020?

Affected by the epidemic and the economic downturn, many commentators think that the catering industry is experiencing a cold winter, but people ignore an important fact. China has said since ancient times that "food is the most important thing for the people", and the "delicious" nature of China people will not change. What's more, at this stage, the catering industry has already become an important industry to stimulate domestic demand under the background of consumption upgrading. China Catering Report 20 19 points out that by the end of 20 18, the catering market in China has reached 4.2 trillion, and it is estimated that the national catering revenue will exceed 5 trillion in 2020, with the scale approaching 6 trillion. Although the catering industry suffered heavy losses due to the epidemic in the first quarter, the data during the SARS period in 2003 showed that in May of that year, the retail sales of the catering industry nationwide decreased15.5% year-on-year; However, in June, the national retail sales of catering industry increased by 3.4% year-on-year, reversing the passive situation of negative growth in May. Therefore, the "warm spring" after the catering industry ushered in the epidemic is worth looking forward to.

Trend 2: Young people will become the main force of catering consumption.

At present, the total population of China after 80s, 90s and 00s has reached 550 million, accounting for nearly 40% of the total population of China. They are becoming the backbone of consumption in China and the main force of catering consumption. According to the review data of the US Mission, consumers aged 20-39 contributed 84.4% of the food and beverage consumption, among which the food and beverage consumption of the post-90s greatly surpassed that of the post-80s. In 2020, the first batch of post-90s began to enter the third grade, while the post-00s, known as "Millennium Baby", were already 20 years old, and the camp of young people became stronger and stronger. Public comments and China catering industry report data show that young people have become the main force of catering consumption. Therefore, the young win the world, and how to attract more young talents is the key to the development of enterprises.