Chinese Fast Food Industry to Grow at CAGR of 13% by 2014
With growing middle class population and increasing disposable income, Chinese fast food industry will grow at a CAGR of around 13% during 2011-2014, RNCOS identified.
- (1888PressRelease) February 07, 2011 - According to our research report "China Fast Food Market Analysis", Chinese fast food industry has experienced fast growth rate compared to other emerging markets. China, being the fourth largest economy of the world, is the third largest country in terms of retail industry. The country's retail sector makes up for over 37% of its GDP, and is projected to expand further with the growth in economy. With the growing retail sector, rise in middle class population, increasing acceptance of westernization, and emerging disposable income, it is expected that the Chinese fast food industry will grow at a CAGR of around 13% during 2011-2014.
Our report identifies that, besides the above factors, transforming lifestyle and changing eating habits of Chinese people are bringing a wave of growth in the Chinese fast food industry. Particularly, changing lifestyle is one of the key drivers for the rising demand for fast food in China. The increasingly busier lifestyles of urban Chinese have led to an increased demand for convenience foods, such as fast food. Rising number of people are finding it difficult to prepare food daily at home, and hence, they're now buying foods, which are ready to eat, leading to an increased acceptance of fast food meals.
Ongoing research identifies that, presently, food flavors and franchising route are one of the fastest emerging trends in the country. However, this trend is anticipated to change in coming years on the back of various factors discussed in report. Our research provides a thorough study and analysis of the Chinese fast food industry. Besides, the report has highlighted consumer earning and spending pattern in the country. Apart from this, it provides detail coverage of the retail industry by explaining future prospects of both food and non-food retail.
"China Fast Food Market Analysis" provides extensive information on the country's fast food market, besides discussing the growing segments like, Noodle market, Pizza market, and Snack food market. Thus, it provides valuable information to the fast food companies and investors looking to enter this market. Facts and figures regarding market size, growth, share, and trends in technology development have been thoroughly analyzed in the report to provide clients a comprehensive overview of the market. Due consideration has been given to the competitive landscape to enable clients understand the market structure and its growth prospects.
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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