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After opening over 6,000 branches in three years, Tastien is among a handful of Chinese #burger chains that have found success by riding the country’s wave of #patriotic #consumption. Rachel Cheung reports. By offering a burger and a coke for as little as 9.9 yuan ($1.39), Tastien has captured the stomachs of China’s hungry youth and along with it, an increasing slice of the country’s $536 billion fast #food market. Swapping fish filet and beef patty for Peking duck, braised pork and mapo tofu, they also offer cheaper, local alternatives to Western fast food chains like McDonald's and KFC. With a lion head as its logo, the company became the fourth largest burger outlet in the country last year by touting “Chinese burgers for Chinese stomachs.” By incorporating elements that celebrate Chinese culture and heritage, Tastien is fitting in with the so-called guochao (國潮 or ‘national trend’) phenomenon that has swept through other industries such as #fashion and #luxury. But whether these new joints are just a passing fad or can stake a claim in a competitive industry dominated by legacy brands could depend on factors that go beyond their brand image. To read Rachel’s full article, click below:

Every few years, a new supermarket surprises us. First, it was Trader Joe’s, then Whole Foods, and now Erewhon. Each of these supermarkets has found its people and is thriving. In Singapore, we have Little Farms, Sheng Siong, and before that, NTUC. Just when we thought we had enough pastry options after Tiong Bahru Bakery, Le Martin and Cheryl Tart, a new generation of bakeries, emerged. But wasn’t it enough before? Yes. However, there is always room. To delight, to impress, and to make things better. When you aim to serve people at the top, there is always room. A new snack, a new kind of bag, or even a washing machine. https://lnkd.in/dyMAiasD

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐓𝐨 https://lnkd.in/gEKuEqnC 𝐰𝐞𝐥𝐥-𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 #China's #Coffee #Market: Brewing Transformation in the Beverage Industry Valued at $19.04Bn in 2023, China's coffee market is experiencing rapid growth, poised to reshape the country's beverage sector. While coffee production is mainly concentrated in Yunnan (60% of national production) and Hainan, the demand for coffee is outpacing local supply, leading to increased imports and government initiatives to boost domestic production. The Tea Coffee Industry Bureau in Yunnan is working to promote local coffee both domestically and internationally, positioning China as a key player in the global coffee landscape. Investments in R&D are driving innovation, paving the way for a coffee revolution. The future of coffee in China is brewing strong! #ChinaCoffeeMarket #CoffeeCulture #BeverageTransformation #YunnanCoffee #RDBoom #SustainableProduction #CoffeeInnovation #BeverageTrends #GlobalCoffee #EmergingMarkets #CoffeeRevolution #FoodAndBeverage #ChinaBusiness

"Beijing Hengtai Feng Catering Co will shutter 14 of its more than 30 stores in the country, including in the capital Beijing, Tianjin, Qingdao, Xi’an and Xiamen by October 31, the company said in a WeChat statement. The decision was attributed to the expiration of business licence and the board’s disagreement over renewal. The announcement came as the likes of fast food brand KFC to local coffee chain Luckin Coffee Inc find themselves locked in a race to woo thrifty customers... Din Tai Fung restaurants in China typically have a per capita expenditure of about 150 yuan (US$21 or RM91), according to Dianping, a Yelp-like restaurant app. That per capita spend is increasingly at odds with an environment where high-end restaurants are rolling out buffet deals and fast food chains bombarding customers with deals that cost a little more than just a dollar. The Taiwanese chain, which has more than 180 stores globally since being founded in 1958, is not alone in scaling back operations in China.  Multiple fine-dining restaurants with per capita spending of more than 500 yuan in China’s eastern metropolis of Shanghai have halted business this year, according to local media reports." Din Tai Fung to Close China Outlets Amid Weak Consumer Spending, 𝘉𝘭𝘰𝘰𝘮𝘣𝘦𝘳𝘨, 26 August 2024, https://lnkd.in/gs9QPGbt

[News Release]   Sojitz Expands Seafood Products Value Chain in the U.S. through Acquisition of Sushi Avenue’s Takeout Sushi Business and Establishment of MF America －Partnering with Marine Food’s New Overseas Base to Enter the Diversifying U.S. Sushi Market－   Sojitz Corporation (“Sojitz”) has acquired all takeout sushi businesses of Sushi Avenue Inc. (“Sushi Avenue”) via Sojitz Corporation of America, a fully owned subsidiary of Sojitz. Sushi Avenue operates a supermarket takeout sushi business with over 300 retail locations in the Midwest and across the greater U.S. Sojitz will leverage its procurement and product development capabilities developed through its longstanding seafood products business mainly in Japan as it partners with The Marine Foods Corporation’s new overseas base, MF America LLC, to enter the sushi business in the growing U.S. market, which is characterized by diversifying consumer demand. In doing so, Sojitz aims to further expand its seafood products value chain.   Read the full article here. https://lnkd.in/g9W7DCyv

Pour Perfection: Dive into Drip Bag Delights! The Global Drip Bag Coffee market was valued at USD 2342.3 million in 2022 and will reach USD 3876.6 million by 2030, registering a CAGR of 6.5 % for the forecast period 2023-2030. Read the Full Report: https://lnkd.in/dSWwS8Eh Key Players of the Drip Bag Coffee Market : Starbucks, KEY COFFEE CO. , Nick Of Time , The Laughing Pug Coffee Company, Blue Tokai Coffee Roasters, Cowpresso Coffee Singapore , Hawaii Coffee Company, UCC Ueshima Coffee Vietnam, Ajinomoto Co., Inc., and Others #CompetitiveInsights #Research #MarketingConsultants #MarketReports #DataAnalytics #BusinessConsultant #ConsultingServices #MarketInsights #BusinessIntelligence #MarketTrends #DripBagCoffee  #DripBagCoffeeMarket

👀ProWine Shanghai Insight 💡As announced by the German Wine Institute (DWI) at its export forum in Oppenheim, exports to China have surged. In the first quarter of 2024 (January to March), exports increased by 47% in value and 39% in volume. In recent years, low-alcohol and slightly sweet wines have become market favorites. 🍷Among them, Riesling, known for its light sweetness and refreshing style, is rapidly gaining favor among China's millennials and Generation Z.🤟 On the consumer end, as the mass consumption of wine continues to grow in China, purchasing channels are primarily focused on emerging areas such as 📱e-commerce, new retail, and small wine shops. 🥂The convenience and diversity of these channels provide strong support for the popularization and market expansion of wine. #WineFair #ProWein #TradeFair #ChineseMarket #ProWineShanghai

Do you need help sourcing chicken feet in Vietnam? The team has been visiting factories all day, discussing pricing, fabric sourcing, quality control, and meeting delivery dates. After a long day, their favorite way to wind down is to have a glass of warm beer and chicken feet to chew on late into the wee hours of the night. That's how they do it in Vietnam! What's your favorite food and drink after a long day of visiting multiple manufacturers in China? Share your experience in the comments below!

A company that imported and distributed wine in the Korean market for more than 20 years has been decided to sell it. Even during the COVID-19 period, sales were not decreasing significantly, and it seems that there is still no deficit in the company's operation, but it seems that the decision was made after predicting the future market. The company has annual sales of 5 to 6 billion won (about $37 million to $45 million), and its operating profit is expected to be around 10% per year. They are said to have inventory of about $22 million based on cost, including about $75,000 in premium wine. The sale price is expected to be around $37 million, including inventory and operating rights. There are eight employees in total. A company that has been growing steadily for a long time has been put up for sale. With the economy expected to recover again in the second half of 2024, it is unexpected news to be put up for sale like this. #Korea #Wine #Market #News #WineStein

When it comes to the kitchen, knowledge is knowing that tomato 🍅 is a fruit. Wisdom is knowing not to put it in a fruit salad. When it comes to retail media, knowledge is knowing that it’s strategic for your business. Wisdom is selecting the right partners to fulfill the strategy. #retailmedia #sponsoredproducts #marketplaces Mabaya