The number of hot pot restaurants approached 600,000 (580,345) in 2020, according to data compiled by Mintel. We are optimistic towards the market’s future growth and predicts a consumer spending CAGR of 9.9% between 2020 and 2025, growing slightly faster than the entire foodservice market during the same period.
In this vlog, Mintel Food and Drink Resaerch Analyst Wen Yu will talk about China hot pot dining market, let’s first look at the current situation, then move to the innovation of soup bases, hot pot premiumisation and consuming scenarios. Last but not least, we will take a look into the future.
