Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's 2018 catering market revenue tops 4 tln yuan: report

April 01, 2019


Abstract : China's catering market revenue topped 4.2 trillion yuan (626.3 billion U.S. dollars) in 2018, a report showed.

BEIJING, April 1 (Xinhua) -- China's catering market revenue topped 4.2 trillion yuan (626.3 billion U.S. dollars) in 2018, a report showed.

This is the first time for the Chinese catering market to reach the four trillion yuan threshold, only three years since it exceeded three trillion yuan, according to the latest report from Chinese leading on-demand online services provider Meituan-Dianping.

The post-90s generation is the top consumer community for the sector, accounting for over half of total consumers, while female consumers outnumber their male counterparts in general, the report showed.

Snacks and fast food are the biggest players in the market, expanding fast in most Chinese cities.

The online food delivery market maintained robust growth last year. Meituan-Dianping's total food delivery transaction volume reached 282.8 billion yuan in 2018, up 65.3 percent.

Hot pot rose to be the most popular food in term of online orders, the report showed.

China's catering sector is becoming increasingly technology-empowered, said Jiang Junxian, head of the China Cuisine Association, which inked a strategic partnership with Meituan-Dianping to cooperate in areas like the standardization of Chinese cuisine, food safety and product development and innovation.


Scan the QR code and push it to your mobile phone

Keyword: catering china-economy

Reading:

China's securities regulator approves 3 IPO applications

China Eastern Airlines revenue up 13 pct in 2018

Pakistan breaks ground for China-funded New Gwadar Int'l Airport

Chinese solar company's roof tiles to fit building in Sao Paulo

China to maintain high pressure on steel overcapacity

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial