Introduction
China’s food service industry is growing rapidly, driven by changing consumer preferences, urbanization, and increasing disposable income. In 2025, the top 10 food service companies in China are expected to play a significant role in shaping the industry landscape. This report will provide insights into these companies, their financial performance, market share, and key strategies.
1. China Resources Ng Fung International Group
Overview
China Resources Ng Fung International Group is one of the leading food service companies in China, with a focus on catering, food production, and distribution. The company operates a wide range of restaurant brands, including Pacific Coffee, Pizza Hut, and KFC.
Financial Performance
In 2024, China Resources Ng Fung International Group reported a revenue of $10 billion, representing a 5% increase from the previous year. The company’s profitability was also strong, with a net profit margin of 8%.
Market Share
China Resources Ng Fung International Group holds a significant market share in the fast-food segment in China, with a presence in both urban and rural areas. The company’s strong brand recognition and high-quality offerings have helped it maintain its competitive edge.
2. Yum China Holdings
Overview
Yum China Holdings is a subsidiary of Yum Brands, operating popular fast-food chains such as KFC, Pizza Hut, and Taco Bell in China. The company has a strong presence in major cities and shopping malls across the country.
Financial Performance
In 2024, Yum China Holdings reported a revenue of $8.5 billion, with a net profit margin of 7%. The company’s growth was driven by new store openings, menu innovation, and digital initiatives.
Market Share
Yum China Holdings is a dominant player in the fast-food industry in China, capturing a significant market share in the quick-service restaurant segment. The company’s focus on localization, customer engagement, and technology has helped it stay ahead of competitors.
3. Haidilao International Holding
Overview
Haidilao International Holding is a leading hotpot restaurant chain in China, known for its high-quality ingredients, excellent service, and interactive dining experience. The company has expanded rapidly in recent years, both domestically and internationally.
Financial Performance
In 2024, Haidilao International Holding reported a revenue of $6.2 billion, with a net profit margin of 10%. The company’s strong performance was driven by its unique dining concept, strong brand loyalty, and efficient operations.
Market Share
Haidilao International Holding has a significant market share in the hotpot segment in China, with a strong presence in tier 1 and tier 2 cities. The company’s focus on innovation, quality, and customer experience has helped it stand out in a competitive market.
4. Starbucks China
Overview
Starbucks China is a subsidiary of Starbucks Corporation, operating a chain of coffee shops across China. The company is known for its premium coffee offerings, cozy ambiance, and digital engagement with customers.
Financial Performance
In 2024, Starbucks China reported a revenue of $4.5 billion, with a net profit margin of 9%. The company’s growth was driven by new store openings, menu expansion, and loyalty programs.
Market Share
Starbucks China is a dominant player in the coffee shop industry in China, capturing a significant market share in the premium coffee segment. The company’s focus on sustainability, social responsibility, and customer experience has helped it maintain its leadership position.
5. Jollibee Foods Corporation
Overview
Jollibee Foods Corporation is a Filipino multinational company that operates a chain of fast-food restaurants in China, offering a mix of Filipino, Chinese, and Western cuisines. The company has been expanding its presence in China in recent years.
Financial Performance
In 2024, Jollibee Foods Corporation reported a revenue of $3.8 billion, with a net profit margin of 6%. The company’s growth was driven by new store openings, acquisitions, and menu innovations.
Market Share
Jollibee Foods Corporation has a growing market share in the fast-food industry in China, leveraging its unique menu offerings and brand positioning. The company’s focus on localization, affordability, and customer satisfaction has helped it gain traction in the market.
6. Dicos
Overview
Dicos is a Chinese fast-food chain that specializes in fried chicken, burgers, and snacks. The company has a strong presence in tier 1 and tier 2 cities in China, offering a blend of Chinese and Western flavors.
Financial Performance
In 2024, Dicos reported a revenue of $2.5 billion, with a net profit margin of 5%. The company’s growth was driven by menu innovation, store renovations, and digital marketing efforts.
Market Share
Dicos has a significant market share in the fast-food industry in China, particularly in the fried chicken segment. The company’s focus on value for money, convenience, and localized offerings has helped it attract a loyal customer base.
7. Xiabu Xiabu Catering Management China
Overview
Xiabu Xiabu Catering Management China is a popular hotpot chain in China, known for its fresh ingredients, diverse soup bases, and interactive dining experience. The company has a strong presence in major cities and shopping centers.
Financial Performance
In 2024, Xiabu Xiabu Catering Management China reported a revenue of $2.2 billion, with a net profit margin of 8%. The company’s growth was driven by new store openings, menu innovation, and digital marketing strategies.
Market Share
Xiabu Xiabu Catering Management China has a significant market share in the hotpot industry in China, with a focus on quality, authenticity, and customer service. The company’s unique dining concept and strong brand reputation have helped it stand out in a competitive market.
8. Luckin Coffee
Overview
Luckin Coffee is a Chinese coffee chain that offers a convenient and affordable coffee experience to customers. The company has a strong presence in urban areas, office buildings, and transportation hubs.
Financial Performance
In 2024, Luckin Coffee reported a revenue of $2 billion, with a net profit margin of 3%. The company’s growth was driven by rapid store expansion, digital ordering platforms, and delivery services.
Market Share
Luckin Coffee has a growing market share in the coffee shop industry in China, challenging traditional players with its tech-savvy approach and aggressive marketing strategies. The company’s focus on convenience, affordability, and speed has resonated with a younger demographic.
9. Dairy Queen China
Overview
Dairy Queen China is a subsidiary of International Dairy Queen Inc., operating a chain of soft-serve ice cream and fast-food restaurants in China. The company is known for its Blizzard treats, ice cream sundaes, and burgers.
Financial Performance
In 2024, Dairy Queen China reported a revenue of $1.8 billion, with a net profit margin of 4%. The company’s growth was driven by menu innovation, brand partnerships, and seasonal promotions.
Market Share
Dairy Queen China has a significant market share in the ice cream and dessert industry in China, offering a mix of indulgent treats and savory options. The company’s focus on quality ingredients, variety, and family-friendly offerings has helped it attract a diverse customer base.
10. Papa John’s China
Overview
Papa John’s China is a franchise of the American pizza chain, offering a range of pizzas, sides, and beverages to customers in China. The company has a strong presence in major cities, business districts, and residential areas.
Financial Performance
In 2024, Papa John’s China reported a revenue of $1.5 billion, with a net profit margin of 6%. The company’s growth was driven by menu innovation, delivery services, and online ordering platforms.
Market Share
Papa John’s China has a growing market share in the pizza delivery industry in China, competing with local and international players. The company’s focus on quality ingredients, customization, and value has resonated with customers looking for a premium pizza experience.
In conclusion, the top 10 food service companies in China in 2025 represent a diverse mix of international and domestic brands, offering a wide range of cuisines and dining experiences to customers. These companies are expected to continue driving innovation, expanding their presence, and meeting the evolving needs of Chinese consumers in the coming years.
