Automation adds new flavors to catering biz
Pancake robots, smart tea makers, meal producers ... the F&B industry rides new quality productive forces
Zhu Danpeng, an independent food and beverages analyst based in Guangzhou, said that China's catering industry is still resilient and promising. The total income of the industry reached 5.3 trillion yuan last year, and the figure was estimated to surpass 6.2 trillion yuan this year. It is expected that the industry will evolve toward a stage with a size of 10 trillion yuan in three years.
"Currently, China's catering market has become a core market for Fortune Global 500 firms. The market potential and market size are undeniable. With catering consumption demand constantly rising, the market is forecast to further expand," he said.
During the May Day holiday from April 29 to May 3, the catering industry is expected to continue its growth momentum, the CCA said.
"While enterprises are placing emphasis on boosting consumption and innovating in consumption scenarios, they would do well to pay attention to potential problems that may arise in areas like safety production, food quality, clear pricing and wastage," Yang from the CCA said.
