Hotpot is a beloved national cuisine in China, especially in provinces like Sichuan, Guangdong, and Chongqing. It is hard to compete in this overcrowded market. As the leading hot pot restaurant chain in the country, Haidilao held only a small market share of about 3.4 percent in 2018. As of the end of that year, there were over 400 thousand hotpot restaurants in China.
Market share of major hot pot restaurant chains in China in 2018
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Eastmoney.com. (April 7, 2020). Market share of major hot pot restaurant chains in China in 2018 [Graph]. In Statista. Retrieved September 16, 2024, from https://www.statista.com/statistics/1120300/china-leading-hot-pot-restaurant-chains/
Eastmoney.com. "Market share of major hot pot restaurant chains in China in 2018." Chart. April 7, 2020. Statista. Accessed September 16, 2024. https://www.statista.com/statistics/1120300/china-leading-hot-pot-restaurant-chains/
Eastmoney.com. (2020). Market share of major hot pot restaurant chains in China in 2018. Statista. Statista Inc.. Accessed: September 16, 2024. https://www.statista.com/statistics/1120300/china-leading-hot-pot-restaurant-chains/
Eastmoney.com. "Market Share of Major Hot Pot Restaurant Chains in China in 2018." Statista, Statista Inc., 7 Apr 2020, https://www.statista.com/statistics/1120300/china-leading-hot-pot-restaurant-chains/
Eastmoney.com, Market share of major hot pot restaurant chains in China in 2018 Statista, https://www.statista.com/statistics/1120300/china-leading-hot-pot-restaurant-chains/ (last visited September 16, 2024)
Market share of major hot pot restaurant chains in China in 2018 [Graph], Eastmoney.com, April 7, 2020. [Online]. Available: https://www.statista.com/statistics/1120300/china-leading-hot-pot-restaurant-chains/