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KEY STAT | Takeouts account for over 20% of China’s F&B industry

Written by Julianna Wu Published on 

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On average, each of the 500 million users placed 34 orders in 2020.

In 2020, China’s food delivery industry generated a total transaction volume of RMB 8.4 trillion (USD 1.3 trillion), up 14.8% year-on-year, according to CCTV Business, which cited data from Analysys.

Takeouts likely contributed to more than 20% of the entire catering industry’s revenue in 2020, said the China Hotel Association.

The total number of orders hit 17.12 billion in the year, as COVID-19 boosted the demand for takeaway services, equaling to roughly 34 orders for each of the 500 million users in the country.

In top tier Chinese cities, the penetration rate of F&B delivery services reached 96.31%, according to the CCTV news.

Read this: Meituan shows strong recovery as China’s service economy rebounds

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.

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