Circana: China’s Foodservice Industry Showing Signs of Recovery
China’s foodservice industry received a much-needed boost in the third quarter of 2022 as government-mandated COVID-19 restrictions were lifted. However, that boost was met with a Q4 decline. The start of 2023 has shown that the industry in China is back on track, according to the latest findings from Circana Market Intelligence, formerly IRI and The NPD Group.
Circana’s latest “China Foodservice Market Sentiment Snapshot” broke down how the impact of outbreaks and lockdowns set forth in 2022 had a massive impact across 22 cities tracked in China...
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