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Working Populace Making Chinese Fast Food Industry Steaming Hot
Nov 05, 2008
Our new market research report, “China Fast Food Analysis”, says that the growing income levels and increasing working population are boosting growth in the Chinese fast food industry that is projected to grow at a CAGR of about 25% during 2008-2011.
The report identifies that personal disposable income is one of the significant drivers of the fast food industry in China. High disposable income is empowering Chinese people and thus, they are shelling out more to spend on fast food. The personal disposable income is anticipated to grow more than two-fold in 2012 from 2007, further enabling the Chinese people to spend even higher on fast food products.
According to the report, growing working population is another factor inducing growth in the fast food industry in China. Working population is increasing at a very fast pace in the country and this trend is more prevalent in urban areas where the life is running apace. This is creating a high demand for readymade meals and pre-packed foods as urbanites have no time to peel and cook. As employment opportunities are growing, we can expect to see increased demand for fast food in the country.
“China Fast Food Analysis” provides an exhaustive research and rational analysis on the fast food market in China. This extensive research will help the clients to identify market trends and evaluate the leading-edge opportunities critical to the success of the fast food market in China. This study gives an overview on the various factors driving the fast food market, together with the forces that are blocking the growth of the industry.
This research supplements the past and current information on the Chinese fast food industry with forecast on various important industry aspects, including the market size of fast food industry, retail industry, food & non-food market, middle class population, personal disposable & median household income, instant noodles market, pizza market, bread & rolls market, retail industry by distribution, and food emulsifier market.
For more information visit: http://www.rncos.com/Report/IM154.htm
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