Chinese Takeout

PUBLISHED: October 25, 2024

PAGES: 121 Pages

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Description

Global Chinese Takeout Market to Reach US$98.2 Billion by 2030

The global market for Chinese Takeout estimated at US$66.5 Billion in the year 2023, is expected to reach US$98.2 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2023-2030. Full Service Restaurants, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$50.5 Billion by the end of the analysis period. Growth in the Quick Service Restaurants segment is estimated at 5.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$17.5 Billion While China is Forecast to Grow at 5.4% CAGR

The Chinese Takeout market in the U.S. is estimated at US$17.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$15.6 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.2% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Global Chinese Takeout Market - Key Trends and Drivers Summarized

Why Is Chinese Takeout a Growing Segment in the Food Industry?

Chinese takeout has become a staple in many parts of the world due to its convenience, variety, and affordability. Its global popularity has been fueled by busy lifestyles and the rising demand for quick, flavorful meals. Consumers are increasingly turning to takeout services that provide diverse menu options, with Chinese cuisine being one of the top choices. From classic dishes like Kung Pao chicken to modern interpretations of Asian fusion, the variety and adaptability of Chinese food have made it a preferred option for individuals and families seeking fast and affordable meals. The growing availability of online ordering platforms and food delivery apps has also made Chinese takeout more accessible than ever, further driving its market presence.

What Are the Key Segments in the Chinese Takeout Market?

Food types range from traditional offerings such as stir-fries, dumplings, and rice dishes to more modern, health-conscious options such as gluten-free or vegan Chinese meals. Service platforms include dine-in restaurants that offer takeout services, dedicated takeout restaurants, and cloud kitchens that solely operate via delivery platforms. The target customer base spans across a wide demographic, from busy urban professionals to families looking for convenient meal options. Geographically, the market is highly developed in urban centers, where there is higher demand for convenient food delivery services, while suburban and rural areas are witnessing growing interest as access to food delivery platforms expands.

What Technological Advancements Are Shaping the Chinese Takeout Market?

Technology plays a key role in the evolution of the Chinese takeout market. The rise of online food ordering apps, including major players like UberEats and DoorDash, has revolutionized the industry by making it easier for consumers to order and enjoy their favorite Chinese dishes from the comfort of their homes. Additionally, advancements in food packaging technology ensure that takeout orders maintain their freshness and quality during delivery. Contactless delivery and digital payment solutions have become increasingly important, especially during the COVID-19 pandemic, as consumers seek safer ways to order and receive food. These technologies not only enhance customer convenience but also improve operational efficiency for restaurants offering Chinese takeout.

What Factors Are Driving Growth in the Chinese Takeout Market?

The growth in the Chinese takeout market is driven by several factors, including changing consumer lifestyles, advancements in food delivery technology, and increasing demand for convenient meal options. The rise of dual-income households and the growing preference for eating at home have made takeout a popular option for time-strapped consumers. Additionally, the availability of healthier Chinese food alternatives, such as low-sodium or plant-based options, has broadened the customer base. The rapid growth of online delivery platforms and the expansion of delivery zones into suburban areas are also contributing to the rising demand for Chinese takeout. Furthermore, the shift toward digital ordering and contactless payments has streamlined the process for both consumers and businesses, making Chinese takeout an increasingly attractive option for a broad range of customers.

Select Competitors (Total 34 Featured) -

DoorDash Inc.
Jollibee Foods Corporation.
Leann Chin, Inc.
MTY Tiki Ming Enterprises Inc.
P. F. Chang's China Bistro, Inc.
Pei Wei Asian Diner, LLC
Restaurant Brands International Inc.
Weifang Yunsheng Group Co., Ltd.
WestRock Company
Wuhan Yoon Import & Export Co., Ltd.

Product Code: MCP24546

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Chinese Takeout - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Popularity of Convenient and Quick Meals Spurs Growth in Chinese Takeout
- Increasing Demand for Asian Cuisine Expands Addressable Market for Chinese Takeout
- Surge in Food Delivery Apps Propels Growth in Takeout and Delivery Services
- Expansion of Ghost Kitchens and Virtual Restaurants Expands Market Opportunities
- Rising Influence of Social Media and Food Reviews Strengthens Demand for Trendy Takeout Options
- Technological Advancements in Contactless Payments and Delivery Enhance Customer Experience
- Increasing Focus on Eco-friendly Packaging and Sustainable Practices Expands Market Scope
- Surge in Demand for Plant-based and Vegan Chinese Takeout Expands Product Offerings
- Rising Popularity of Family Meal Packages and Group Orders Spurs Growth in Takeout Services
- Technological Innovations in Food Preparation and Automation Strengthen Efficiency of Takeout Operations
- Growing Demand for Fusion Cuisine and Creative Menu Offerings Expands Market Opportunities
- Increasing Adoption of Loyalty Programs and Digital Coupons Drives Customer Retention
- Rising Focus on Food Safety and Hygiene Standards Propels Adoption of Certified Takeout Providers
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Chinese Takeout Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Chinese Takeout by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for Chinese Takeout by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for Chinese Takeout by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Full Service Restaurants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 6: World Historic Review for Full Service Restaurants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 7: World 16-Year Perspective for Full Service Restaurants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Quick Service Restaurants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 9: World Historic Review for Quick Service Restaurants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 10: World 16-Year Perspective for Quick Service Restaurants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Cafes & Bars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 12: World Historic Review for Cafes & Bars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 13: World 16-Year Perspective for Cafes & Bars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES
- Chinese Takeout Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 14: USA Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 15: USA Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 16: USA 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
CANADA
- TABLE 17: Canada Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 18: Canada Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 19: Canada 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
JAPAN
- Chinese Takeout Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 20: Japan Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: Japan Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 22: Japan 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
CHINA
- Chinese Takeout Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 23: China Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 24: China Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 25: China 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
EUROPE
- Chinese Takeout Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 26: Europe Recent Past, Current & Future Analysis for Chinese Takeout by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Chinese Takeout by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 28: Europe 16-Year Perspective for Chinese Takeout by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 29: Europe Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 31: Europe 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
FRANCE
- Chinese Takeout Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 32: France Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: France Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 34: France 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
GERMANY
- Chinese Takeout Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 35: Germany Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 36: Germany Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 37: Germany 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
ITALY
- TABLE 38: Italy Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: Italy Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 40: Italy 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
UNITED KINGDOM
- Chinese Takeout Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 41: UK Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 42: UK Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 43: UK 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
REST OF EUROPE
- TABLE 44: Rest of Europe Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: Rest of Europe Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 46: Rest of Europe 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
ASIA-PACIFIC
- Chinese Takeout Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 47: Asia-Pacific Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 48: Asia-Pacific Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 49: Asia-Pacific 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030
REST OF WORLD
- TABLE 50: Rest of World Recent Past, Current & Future Analysis for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 51: Rest of World Historic Review for Chinese Takeout by Restaurant Type - Full Service Restaurants, Quick Service Restaurants and Cafes & Bars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 52: Rest of World 16-Year Perspective for Chinese Takeout by Restaurant Type - Percentage Breakdown of Value Sales for Full Service Restaurants, Quick Service Restaurants and Cafes & Bars for the Years 2014, 2024 & 2030