How will the catering industry develop in the next decade?

Affected by the epidemic, the scale of catering industry in China will decline in 2020. In 20201-1October, the accumulated income of catering industry in China was 2,959.8 billion yuan, down 2 1% year-on-year. The operating income of the top 100 catering enterprises accounts for 7% of the national catering income. Although the concentration of the top 100 enterprises has improved, it is still low. The proportion of dinner is decreasing year by year. Japanese cuisine, hot pot and western food are gradually increasing.

Affected by the epidemic, the scale of catering industry in China will decline in 2020, and the industry concentration will be low.

"Food is the most important thing for the people". Since the reform and development, with the rapid development of China's economy, the continuous improvement of production capacity and people's income level, China has been pursuing food characteristics, food health, food nutrition, food convenience, food culture and food leisure since the beginning of the 21st century, from "having difficulty in eating" in the 1970s and 1980s to "having enough to eat" in the 1990s.

With the development of economy, China's catering industry not only witnessed the improvement of people's living standards and consumption capacity, but also gradually became a pillar industry to expand domestic demand, promote sales, stabilize growth and benefit people's livelihood.

According to the data of the National Bureau of Statistics, in recent years, the market scale of China's catering industry has continued to grow, reaching 2 trillion in 20 1 1 year, 3 trillion in 20 15 year, 4 trillion in 20 18 year, and 4.27 trillion, accounting for 4.7% of the national economic output value. In 20 19, the income of catering industry was 4.7 trillion, up 9.4% year-on-year.

Although the growth rate has declined in recent years, it is still much higher than the GDP growth rate. Affected by the COVID-19 epidemic, from June 5438+0 to June 5438+00 in 2020, the national catering industry's accumulated income was 2,959.8 billion yuan, down 2 1% compared with the same period last year.

The domestic catering market is scattered and the industry concentration is low. According to the data of "Analysis Report of Top 20 100 and Top 500 Catering Enterprises in China in June, 2020" issued by China Cuisine Association, the total operating income of catering enterprises 100 in 20100 was 327.38 billion yuan, with a year-on-year growth rate of 9.6%.

The operating income of the top 100 catering enterprises accounts for 7% of the national catering income. Although the concentration of the top 100 enterprises has improved, it is still low. With the integration of catering market resources and the continuous expansion of catering enterprises, the polarization within the top 100 catering enterprises is still obvious.

The proportion of dinner is decreasing year by year, and other catering types occupy the market.

In 20 12-20 19, the proportion of dinner in China has always been the largest, but in recent years, with the diversification of the catering industry, the proportion of dinner has decreased year by year, but it is still the main force of catering. In 20 19, the number of other restaurants increased rapidly, from 20 19.9 1% to 49.65% of the whole industry, an increase of nearly 30 percentage points.

There are many kinds of catering in China, and the number of other catering besides dinner is increasing year by year. In the catering industry, dinner accounts for 42.39%, western-style leisure catering accounts for 19.86%, hot pot accounts for 12.06%, group meals account for1.35%, fast food accounts for 7.96%, and Japanese food accounts for 6.38%.

It is estimated that the market size of the catering industry will reach 7 trillion yuan in 2026.

Although affected by the COVID-19 epidemic in 2020, the epidemic situation in China has been well controlled and vaccines are being popularized. In the future, the catering industry in China will continue to grow and become more diversified. Moreover, the brand development of catering industry in China will be accelerated, low-carbon catering will be more popular, and the informationization of restaurants will accelerate the development of catering industry. It is estimated that by 2026, the catering market in China will reach more than 700 billion yuan.

—— For more data, please refer to Foresight Industry Research Institute's Development Prospect and Investment Forecast Analysis Report of China Catering Industry.