China Food Service Equipment Market Size & Outlook
China food service equipment market, 2018-2030 (US$M)
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China food service equipment market highlights
- The China food service equipment market generated a revenue of USD 4,910.3 million in 2023 and is expected to reach USD 8,145.6 million by 2030.
- The China market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, kitchen purpose equipment was the largest revenue generating product in 2023.
- Kitchen Purpose Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Food service equipment market data book summary
| Market revenue in 2023 | USD 4,910.3 million |
| Market revenue in 2030 | USD 8,145.6 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Kitchen purpose equipment |
| Fastest growing segment | Kitchen Purpose Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kitchen Purpose Equipment, Refrigeration Equipment, Ware Washing Equipment, Food Holding & Storing Equipment, Other Product |
| Key market players worldwide | Electrolux AB Class B, Dover Corp, Haier Smart Home Co Ltd ADR, Smeg, The Middleby Corp, Ali Group, Duke Manufacturing |
Other key industry trends
- In terms of revenue, China accounted for 13.6% of the global food service equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China food service equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,380.4 million by 2030.
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Food Service Equipment Market Scope
Food Service Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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China food service equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food service equipment market will help companies and investors design strategic landscapes.
Kitchen purpose equipment was the largest segment with a revenue share of 39.35% in 2023. Horizon Databook has segmented the China food service equipment market based on kitchen purpose equipment, refrigeration equipment, ware washing equipment, food holding & storing equipment, other product covering the revenue growth of each sub-segment from 2018 to 2030.
The rising popularity of fast food and casual dining, along with the growth of food service chains, has been propelling the market for food service equipment in China. As consumers increasingly seek convenient dining options, establishments such as QSR invest in quality equipment to meet demand, fueling the QSR’s expansion in the country.
In January 2024, Yum China Holdings Inc., based in Shanghai, celebrated the opening of its 10,000th KFC store in Hangzhou. Alongside this milestone, the company unveiled its ambitious plan to launch 1,200 new outlets each year for the coming three years, aiming to double its store count to 20,000 by 2026.
Yum China, which manages several brands, including Huang Ji Huang, Shaofaner, Pizza Hut, Taco Bell, and Little Sheep in China, is also expanding its partnership with Lavazza to create a new coffee shop concept in the Chinese market. Such strategic expansion measures by mature players are expected to drive the demand for food service equipment in China.
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Target buyers of China food service equipment market databook
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Our clientele includes a mix of food service equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China food service equipment market , including forecasts for subscribers. This country databook contains high-level insights into China food service equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China food service equipment market size, by product, 2018-2030 (US$M)
China Food Service Equipment Market Outlook Share, 2023 & 2030 (US$M)
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