According to a survey by the China Culinary Association, after the 2023 Chinese New Year, food service companies had a 25% increase in operating revenue compared to 2022.
According to the association, China's seafood consumption recovered significantly during the Chinese New Year holiday, with small businesses benefiting the most. From January 21-27 (the Chinese New Year holiday), the operating income of the food supply companies recently surveyed increased 25% compared to the Chinese New Year in 2022 and increased 2% compared to 2019.
The food service industry is off to a good start, on-site consumption has accelerated its recovery while online consumption has maintained strong momentum.
Consumption of eating out during long vacations increased by 76% year-on-year. Beijing, Sanya, Chengdu, Chongqing and Dali are the 5 most popular cities.
The impact on seafood consumption due to concerns about the spread of Covid has largely subsided. After experiencing the peak of the epidemic in December, consumers are no longer afraid to gather but are ready to go out to eat. Consumer recovery in third and fourth tier cities was better than expected. In the first-class cities, the number of food service business people operating normally compared to the same period, the situation is also better.
Source: vnseafoods.com
