Global Chinese Takeout
Market Report
2024
The global Chinese takeout market size is USD 63.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.60% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The global Chinese takeout market size is USD63.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.60% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Chinese Takeout Market Sales Revenue 2023 | $ 63.3 Billion |
Global Chinese Takeout Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.6% |
North America Chinese Takeout Market Sales Revenue 2023 | $ 18.99 Billion |
Europe Chinese Takeout Market Sales Revenue 2023 | $ 17.72 Billion |
Asia-Pacific Chinese Takeout Market Sales Revenue 2023 | $ 22.16 Billion |
South America Chinese Takeout Market Sales Revenue 2023 | $ 3.17 Billion |
Middle East and Africa Chinese Takeout Market Sales Revenue 2023 | $ 1.27 Billion |
Market Split by Type |
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Market Split by Structure |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Chinese Takeout Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Chinese takeout market refers to the industry segment that involves the preparation and sale of Chinese cuisine for consumption outside the restaurant premises. This market primarily encompasses the delivery and takeout services provided by Chinese restaurants, allowing customers to enjoy authentic Chinese dishes in the comfort of their homes or at other location. Growth fuelled by digitalization and online ordering and changing consumer preferences.
The Chinese takeout market has been driven by the rapid adoption of digital technologies and the widespread use of online ordering platforms. With the convenience of mobile apps and websites, customers can easily browse menus, place orders, and make payments, contributing to increased order volumes. This digital transformation not only enhances customer experience but also allows restaurants to streamline operations, manage inventory efficiently, and implement data-driven strategies for personalized promotions, ultimately fostering growth in the Chinese takeout sector.
In December 2021, Restaurants Brands International, Inc. announced a regional partnership with Ant Group to accelerate the digital transformation of its restaurant operations across Asia-Pacific.
The evolving lifestyles of Chinese consumers, characterized by busy schedules and a preference for convenience, have fuelled the growth of the takeout market. Urbanization has led to an increase in the number of working professionals and dual-income households, creating a demand for quick and hassle-free meal options. Chinese takeout services cater to this demand, providing a convenient solution for individuals and families seeking restaurant-quality meals without the time and effort associated with traditional dining. This shift in consumer behavior has become a key driver propelling the sustained expansion of the Chinese takeout market.
In October 2021, McDonald's announced its plan to test its first-ever plant-based burger, the McPlant, which it created with Beyond Meat Inc. in a strategic three-year partnership in China.
(Source:www.cnbc.com/2021/10/14/mcdonalds-to-test-mcplant-burger-created-with-beyond-meat-in-the-us.html)
One significant restraint in the Chinese takeout market is the complex regulatory environment governing the food and beverage industry. Stringent regulations related to food safety, hygiene, and licensing pose challenges for both established and emerging players. Compliance with these regulations requires significant investment in infrastructure, staff training, and adherence to strict standards, impacting operational costs. Navigating these regulatory hurdles becomes a key challenge for businesses in the Chinese takeout sector, influencing their ability to expand, innovate, and remain competitive in the market.
The COVID-19 pandemic significantly impacted the Chinese takeout market, reshaping consumer behavior and the operational dynamics of restaurants. With lockdowns, social distancing measures, and concerns about in-person dining, there was a substantial surge in demand for takeout and delivery services, including Chinese takeout. Restaurants that quickly adapted to contactless ordering systems and efficient delivery services experienced resilience in the face of dining restrictions. The pandemic accelerated the integration of technology in the industry, with many Chinese takeout establishments implementing online ordering platforms and digital payment solutions.
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The Chinese takeout market is witnessing intense competition, fostering innovation and diversity among key players striving for market dominance. Established full-service restaurants, quick-service restaurants, fast-food chains, cafes, and bars, along with 100% home delivery restaurants, form a dynamic landscape where each segment vies for consumer attention.
Top Companies Market Share in Chinese Takeout Industry: (In no particular order of Rank)
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According to Cognitive Market Research, Asia-Pacific stands as the largest region in the Chinese takeout market, commanding a substantial 35% market share with a market size of USD 22.16 billion in 2023. This dominance is underpinned by the region's vast population, diverse culinary preferences, and the deeply ingrained culture of enjoying meals outside the home. The Chinese takeout market in Asia-Pacific is characterized by a thriving segment of quick-service restaurants, fast-food outlets, and innovative food delivery services catering to the dynamic lifestyles of consumers. The region's robust economic growth, urbanization, and a burgeoning middle class further contribute to the sustained expansion of the Chinese takeout market. In conclusion, the Asia-Pacific region serves as a powerhouse, steering the trajectory of the Chinese takeout market with its significant market size and influential consumer trends.
North America emerges as the fastest-growing region in the Chinese takeout market, boasting a substantial 30% market share and a noteworthy market size of USD 18.99 billion in 2023. This growth is propelled by the region's penchant for diverse global cuisines, a fast-paced lifestyle, and an increasing inclination towards convenient dining options. The Chinese takeout market in North America is marked by a robust segment of quick-service restaurants, catering to the evolving consumer preferences for on-the-go and hassle-free dining experiences. As the region embraces the cultural richness of Chinese cuisine, coupled with a strong demand for home-delivered meals, North America stands at the forefront of driving innovation and growth in the Chinese takeout market. In conclusion, North America encapsulates the spirit of dynamism and consumer-driven trends, steering the Chinese takeout market towards unprecedented expansion.
The current report Scope analyzes Chinese Takeout Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, North America emerges as the fastest-growing region in the Chinese takeout market, boasting a substantial 30% market share and a noteworthy market size of USD 18.99 billion in 2023. This growth is propelled by the region's penchant for diverse global cuisines, a fast-paced lifestyle, and an increasing inclination towards convenient dining options. The Chinese takeout market in North America is marked by a robust segment of quick-service restaurants, catering to the evolving consumer preferences for on-the-go and hassle-free dining experiences. As the region embraces the cultural richness of Chinese cuisine, coupled with a strong demand for home-delivered meals, North America stands at the forefront of driving innovation and growth in the Chinese takeout market. In conclusion, North America encapsulates the spirit of dynamism and consumer-driven trends, steering the Chinese takeout market towards unprecedented expansion.
According to Cognitive Market Research, Europe emerges as a significant region, capturing a substantial 28% market share with a market size of USD 17.72 billion in 2023. The European landscape of the Chinese takeout market is characterized by a diverse array of full-service restaurants, quick-service restaurants, and various foodservice establishments, contributing to the region's culinary richness. The segment encompasses a wide variety of dining options, ranging from traditional eateries to modern, tech-savvy establishments, catering to the preferences of a discerning consumer base. As consumers increasingly opt for the convenience of takeout, the European market showcases a robust regional analysis marked by a blend of culinary traditions and contemporary trends. This, coupled with strategic segmentation strategies, underscores Europe's pivotal role in shaping the evolving landscape of the Chinese takeout market.
According to Cognitive Market Research, Asia-Pacific stands as the largest region in the Chinese takeout market, commanding a substantial 35% market share with a market size of USD 22.16 billion in 2023. This dominance is underpinned by the region's vast population, diverse culinary preferences, and the deeply ingrained culture of enjoying meals outside the home. The Chinese takeout market in Asia-Pacific is characterized by a thriving segment of quick-service restaurants, fast-food outlets, and innovative food delivery services catering to the dynamic lifestyles of consumers. The region's robust economic growth, urbanization, and a burgeoning middle class further contribute to the sustained expansion of the Chinese takeout market. In conclusion, the Asia-Pacific region serves as a powerhouse, steering the trajectory of the Chinese takeout market with its significant market size and influential consumer trends.
According to Cognitive Market Research, Latin America emerges as a distinct region, holding a notable 5% market share with a market size of USD 3.17 billion in 2023. The region presents a unique culinary landscape, characterized by a rich blend of flavors and traditions. In Latin America, the Chinese takeout market encompasses a diverse segment, ranging from full-service restaurants to quick-service establishments, catering to the varied preferences of the local consumer base. The regional analysis reflects the fusion of Chinese culinary offerings with Latin American tastes, providing a distinctive takeout experience. With strategic segmentation strategies, Latin America contributes to the global evolution of the Chinese takeout market, offering consumers a flavourful and convenient dining option that aligns with the vibrant culinary tapestry of the region.
According to Cognitive Market Research, in the Middle East and Africa, the Chinese takeout market commands a modest yet impactful presence, holding a 2.00% market share with a market size of USD 1.27 billion in 2023. The region introduces a unique dimension to the Chinese takeout landscape, combining traditional Chinese culinary offerings with local preferences and culinary influences. The market's segment in the Middle East and Africa caters to a diverse consumer base, providing a convenient and flavorsome dining experience. Despite a relatively smaller market share, the region contributes to the global expansion of the Chinese takeout market by offering a fusion of cultural and gastronomic influences, creating a distinct niche for itself. The regional analysis reflects the adaptability and versatility of Chinese takeout, tailored to meet the evolving tastes of consumers in the Middle East and Africa.
Global Chinese Takeout Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Chinese Takeout Industry growth. Chinese Takeout market has been segmented with the help of its Type, Structure , and others. Chinese Takeout market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, quick-service restaurants are the dominant category in the Chinese takeout market. With the fast-paced lifestyle and increasing urbanization, there is a growing demand for convenient and quick dining options. Quick-service restaurants cater to this need by offering a diverse range of dishes that can be prepared swiftly and picked up or delivered promptly. Their efficient service, diverse menus, and strategic locations contribute to their dominance in the market, capturing a significant share of the consumer base seeking on-the-go and time-efficient dining solutions.
The fastest-growing category in the Chinese takeout market is represented by 100% home delivery restaurants. This category has witnessed substantial growth, especially in response to changing consumer preferences and the impact of the COVID-19 pandemic. As more consumers opt for the convenience of enjoying restaurant-quality meals in the comfort of their homes, these establishments focusing exclusively on home delivery experience accelerated growth. The rise of digital platforms and efficient delivery services further propels the expansion of 100% Home Delivery Restaurants, making them the fastest-growing segment in the Chinese takeout market.
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According to Cognitive Market Research, Chinese consumer foodservice establishments emerge as the dominant force in the Chinese takeout market structure. Renowned for their established brands, standardized processes, and widespread presence, chained consumer foodservice outlets, including well-known restaurant chains, hold a substantial market share. The dominance of this category is attributed to consumer trust in recognized brands, efficient supply chains, and the ability to maintain consistent quality across diverse locations. Chained consumer foodservice structures offer familiarity and reliability, contributing significantly to their dominance in the competitive Chinese takeout landscape.
Independent consumer foodservice establishments represent the fastest-growing category. Fuelled by a burgeoning demand for diverse culinary experiences and unique flavors, independent eateries, cafes, and local food providers are experiencing rapid expansion. The flexibility of independent consumer foodservice structures allows for innovation, experimentation, and the delivery of distinctive, locally-inspired offerings. Consumers are increasingly drawn to the authenticity and personalized touch offered by independent establishments, making this category the fastest-growing as it captures the dynamic shifts in consumer preferences and culinary trends.
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Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
The Global Chinese Takeout Market is witnessing significant growth in the near future.
In 2023, the Full-service Restaurants segment accounted for noticeable share of global Chinese Takeout Market and is projected to experience significant growth in the near future.
The Independent Consumer Foodservice segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Lo Mein , Asian Chao and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Full-service Restaurants, Quick-service Restaurants , Fast Food, Cafe and Bars, 100% Home Delivery Restaurants |
Structure | Independent Consumer Foodservice, Chained Consumer Foodservice |
List of Competitors | Lo Mein, Manchu Wok Inc, Asian Chao, City Wok, Din Tai Fung, Pei Wei Asian Diner LLC, Gourmet Express Chinese Food, BD's Mongolian Grill, P. F. Chang's China Bistro, MR CHOW, GOUBULI RESTAURANT, Haidilao International Holding Ltd (HaiDiLao Hotpot), Morals Village Hot Pot, LianXiang Lou, Others |
This chapter will help you gain GLOBAL Market Analysis of Chinese Takeout. Further deep in this chapter, you will be able to review Global Chinese Takeout Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Structure Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Chinese Takeout market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Full-service Restaurants have a significant impact on Chinese Takeout market? |
What are the key factors affecting the Full-service Restaurants and Quick-service Restaurants of Chinese Takeout Market? |
What is the CAGR/Growth Rate of Independent Consumer Foodservice during the forecast period? |
By type, which segment accounted for largest share of the global Chinese Takeout Market? |
Which region is expected to dominate the global Chinese Takeout Market within the forecast period? |
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