China F&B to slow but still exceed GDP growth
The sector will slow to 5% to 6% in 2025 from 8.2% in 2024, a ratings firm said.
The food and beverage sector in China will see a slower rate of growth in 2025 but will continue to exceed the country’s GDP, ratings firm S&P Global Ratings said.
The sector is expected to slow to 5% to 6% in 2025, down from 8.2% in 2024. According to S&P Global Ratings, this is higher than their 2025 GDP growth forecast of 4.1%, driven by higher outdoor and leisure demand.
Meanwhile, U.S. tariffs on China exports are expected to have minimal direct impact on some of the rated F&B companies as their focus is on the domestic markets. Indirect hits to revenue could come from weakening employment, income and sentiment, S&P Global Ratings said.
The report also said increasing consumption of pre-cooked food will support a stable rate of growth for packaged food. Catering sales are also expected to expand by 5% to 6%, with delivery as the main driver.
