Luxury Foodservice in China

January 2021 | 18 pages | ID: L288C4CD6C9EN
Euromonitor International Ltd

Abstracts

Prior to the pandemic, luxury foodservice was playing an increasingly important role in brands’ efforts to engage consumers and introduce them to the culture of their brands. Luxury caf?s offered more affordable ways for Chinese consumers to engage with brands than purchasing luxury goods. For younger consumers seeking to experience world-renowned luxury brands, choosing to dine at luxury restaurants and caf?s often provided an affordable but “luxurious” experience. For luxury brands, the launch...

Euromonitor International's Luxury Foodservice in China report offers a comprehensive guide to the size and shape of the Luxury Foodservice market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Foodservice retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Luxury Foodservice market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

KEY DATA FINDINGS
2020 IMPACT
Negative impact of COVID-19 on luxury foodservice
Luxury brands are attracted to caf?s and focus on young digitally aware consumers
International brands increasingly attracted to luxury foodservice in China
RECOVERY AND OPPORTUNITIES
Growth in luxury caf?s in tier one cities after pandemic recedes around the world
Popularity of social media plays a significant role in marketing strategies
Growing number of outlets and improvements in customer service boosts competitive environment
CATEGORY DATA
Table 1 Sales in Luxury Foodservice: Value 2015-2020
Table 2 Sales in Luxury Foodservice: % Value Growth 2015-2020
Table 3 NBO Company Shares in Luxury Foodservice: % Value 2015-2019
Table 4 LBN Brand Shares in Luxury Foodservice: % Value 2016-2019
Table 5 Forecast Sales in Luxury Foodservice: Value 2020-2025
Table 6 Forecast Sales in Luxury Foodservice: % Value Growth 2020-2025
EXECUTIVE SUMMARY
COVID-19 impact on luxury goods
COVID-19 country impact
Company response
Retailing shift
What next for luxury goods?
MARKET INDICATORS
Table 7 Number of High Net Worth Individuals (HNWI): 2015-2020
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2015-2020
Table 9 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 11 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 12 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 14 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025
DISCLAIMER
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
SOURCES
Summary 1 Research Sources