In recent years, lifestyle changes and reduced leisure time have contributed to a consumer shift from traditional full-service restaurants toward fast-food establishments. In addition, increased Western influences in China have boosted demand for fast food. Due to the rapid development of fast-food service providers, improvements in chain store and franchising management, and new brands and food styles, industry growth has been strong over the past decade.ACMR-IBISWorld estimates that the Fast-Food Restaurants industry in China will generate $176.3 billion in 2023. Revenue is expected to increase by 7.2% in 2023 as the industry recovers from the COVID-19 outbreak. Industry revenue is expected to grow at an annualized 1.0% over the five years through 2023.There are about 2.5 million fast food restaurant locations (i.e., establishments) operating in the industry in 2023, including franchise and chain operators of all sizes and independent Chinese-style fast-food facilities throughout the country. Most industry enterprises are small, independent facilities that offer traditional Chinese-style fast food. Fast-food restaurants employ about 11.4 million people who collectively receive an estimated $32.9 billion in wages.ACMR-IBISWorld forecasts that industry revenue will increase at an annualized 6.1% over the five years through 2028, to reach $237.5 billion. Competition is forecast to intensify, especially in regions with well-developed fast-food markets. Increased competition will encourage players to look for new opportunities in less-developed regions. Chain operations will continue spreading from east to west, and from tier one and two to tier three and four cities. Industry concentration is anticipated to increase only slightly over the next five years. In addition, more industry enterprises are likely to enter China's Top 100 catering enterprises list over the period.

The statistic shows the sales revenue in fast food restaurants in China in 2015, 2017 and a forecast for 2022. The sales of quick service restaurants in China were estimated to amount to nearly ** billion U.S. dollars by 2022.

China Chain: Fast Food: Business Revenue data was reported at 150.120 RMB bn in 2023. This records an increase from the previous number of 121.256 RMB bn for 2022. China Chain: Fast Food: Business Revenue data is updated yearly, averaging 80.409 RMB bn from Dec 2003 (Median) to 2023, with 21 observations. The data reached an all-time high of 150.120 RMB bn in 2023 and a record low of 10.848 RMB bn in 2003. China Chain: Fast Food: Business Revenue data remains active status in CEIC and is reported by Ministry of Commerce, China General Chamber of Commerce. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.CCAC: Fast Food.

The statistic presents a breakdown of retail sales of the Chinese fast food restaurant market by type from 2010 to 2014, with projections up until 2019. In 2013, about **** percent of retail sales in the Chinese fast food market had been generated by Asian cuisine fast food restaurants.

In 2022, KFC continued to be the leading restaurant brand in the limited-service restaurant market in China, with approximately *** percent of the market share. McDonald's and Dicos were another two major market players that year.

China Chain: Fast Food: Business Revenue: Meal & Commodity data was reported at 118.400 RMB bn in 2022. This records a decrease from the previous number of 124.170 RMB bn for 2021. China Chain: Fast Food: Business Revenue: Meal & Commodity data is updated yearly, averaging 79.789 RMB bn from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 124.170 RMB bn in 2021 and a record low of 10.715 RMB bn in 2003. China Chain: Fast Food: Business Revenue: Meal & Commodity data remains active status in CEIC and is reported by Ministry of Commerce, China General Chamber of Commerce. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.CCAC: Fast Food.

Beijing: Chain: Fast Food: Business Revenue data was reported at 20.850 RMB bn in 2019. This records an increase from the previous number of 19.136 RMB bn for 2018. Beijing: Chain: Fast Food: Business Revenue data is updated yearly, averaging 11.840 RMB bn from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 1,137,254.000 RMB bn in 2012 and a record low of 2.769 RMB bn in 2005. Beijing: Chain: Fast Food: Business Revenue data remains active status in CEIC and is reported by Ministry of Commerce, China General Chamber of Commerce. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.CCAC: Fast Food: Beijing.

In 2024, the annual revenue of the food and drink service industry in China amounted to around *** trillion yuan. This indicated an increase in revenue of approximately **** percent compared to the previous year.

Xinjiang: Chain: Fast Food: Business Revenue data was reported at 0.655 RMB bn in 2019. This records an increase from the previous number of 0.629 RMB bn for 2018. Xinjiang: Chain: Fast Food: Business Revenue data is updated yearly, averaging 0.461 RMB bn from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 0.655 RMB bn in 2019 and a record low of 0.076 RMB bn in 2005. Xinjiang: Chain: Fast Food: Business Revenue data remains active status in CEIC and is reported by Ministry of Commerce, China General Chamber of Commerce. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.CCAC: Fast Food: Xinjiang.

In 2023, fast food restaurants in China generated a revenue of approximately ***** billion yuan. All different types of food service establishements showed growth in revenue compared to the previous year.

In China, the fast-food brand KFC - operated by Yum China in the country - generated over *** billion U.S. dollars in revenue in 2024, an increase of approximately ***** percent compared to the previous year. With KFC as its flagship chain, Yum China has emerged as China's dominant restaurant company by far, reporting a revenue of more than ** billion U.S. dollars in 2024. Early entry and rapid expansion KFC was one of the first Western fast-food chains to enter the Chinese market when China was in the early stages of economic reform and opening to the outside world. It swiftly established footprints in ** key locations, laying the foundation for its accelerated expansion. By the end of 2024, KFC had an extensive network in both urban and rural areas in China, with more than ****** restaurants. Localization and innovation Facing competition from other fast-food chains such as McDonald's, Pizza Hut, and other local Chinese fast-food chains, KFC made efforts to adapt to local tastes and preferences while maintaining its global brand identity. Other than the classic KFC fried chicken, they also offer various Chinese-inspired dishes such as congee, egg tarts, and rice dishes. It is no wonder that KFC in China has been known for its innovative marketing campaigns and menu offering. The company consistently rolls out approximately ** new products annually, a stark contrast to the one or two new items introduced in the United States.

Fujian: Chain: Fast Food: Business Revenue data was reported at 3.470 RMB bn in 2019. This records an increase from the previous number of 2.986 RMB bn for 2018. Fujian: Chain: Fast Food: Business Revenue data is updated yearly, averaging 2.504 RMB bn from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 3.470 RMB bn in 2019 and a record low of 1.067 RMB bn in 2005. Fujian: Chain: Fast Food: Business Revenue data remains active status in CEIC and is reported by Ministry of Commerce, China General Chamber of Commerce. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.CCAC: Fast Food: Fujian.

In 2022, the total retail sales of the food service market in China amounted to approximately *** billion U.S. dollars. The largest proportion of it, around ** percent, was covered by the full-service restaurants with the retail sales value of ***** billion U.S. dollars that year.

In 2023, China's fast food chain stores generated revenue of around *** billion yuan. All different categories of food service chain stores showed growth in revenue compared to the previous year.

Guangdong: Chain: Fast Food: Business Revenue data was reported at 22.803 RMB bn in 2019. This records an increase from the previous number of 21.355 RMB bn for 2018. Guangdong: Chain: Fast Food: Business Revenue data is updated yearly, averaging 16.263 RMB bn from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 22.803 RMB bn in 2019 and a record low of 2.821 RMB bn in 2005. Guangdong: Chain: Fast Food: Business Revenue data remains active status in CEIC and is reported by Ministry of Commerce, China General Chamber of Commerce. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.CCAC: Fast Food: Guangdong.

Forecast: Business Revenue of Fast Food Catering Services in China 2022 - 2026 Discover more data with ReportLinker!

Hainan: Chain: Fast Food: Business Revenue data was reported at 0.101 RMB bn in 2019. This records an increase from the previous number of 0.098 RMB bn for 2018. Hainan: Chain: Fast Food: Business Revenue data is updated yearly, averaging 0.061 RMB bn from Dec 2007 (Median) to 2019, with 11 observations. The data reached an all-time high of 0.101 RMB bn in 2019 and a record low of 0.024 RMB bn in 2007. Hainan: Chain: Fast Food: Business Revenue data remains active status in CEIC and is reported by Ministry of Commerce, China General Chamber of Commerce. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.CCAC: Fast Food: Hainan.

In 2024, the fast food restaurant group Ajisen China reported an annual revenue of about **** billion yuan. The company operated nearly *** restaurants which sell Japanese ramen and other Japanese-style dishes in China.

Zhejiang: Chain: Fast Food: Business Revenue data was reported at 10.183 RMB bn in 2019. This records an increase from the previous number of 8.882 RMB bn for 2018. Zhejiang: Chain: Fast Food: Business Revenue data is updated yearly, averaging 5.682 RMB bn from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 10.183 RMB bn in 2019 and a record low of 1.868 RMB bn in 2005. Zhejiang: Chain: Fast Food: Business Revenue data remains active status in CEIC and is reported by Ministry of Commerce, China General Chamber of Commerce. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.CCAC: Fast Food: Zhejiang.

This statistic shows the revenue of food and drink service chains in China in 2023, sorted by region. That year, food service chains in Shanghai generated revenue of around **** billion yuan.