DQ也盯上了“全时段生意”

Core Insights - The ice cream market in China is experiencing a significant reshuffle, with increasing competition and evolving consumer preferences driving changes in the industry [2][4][25] Market Overview - As of 2025, there are approximately 44,000 ice cream stores in China, showing a slight decrease of 0.49% compared to the end of 2024, but an increase of 18.97% from the end of 2022 [3] - The ice cream market is characterized by a diverse competitive landscape, including foreign brands like DQ and Häagen-Dazs, emerging local brands focusing on health and customization, and cross-category entrants from tea and coffee sectors [4] DQ's Market Position - DQ has consistently ranked first in market share within the Chinese ice cream chain restaurant sector from 2020 to 2024, with a market share exceeding 30% in 2024, more than double that of its closest competitor [6] - In Q1 2025, DQ reported revenue and profit growth exceeding 20%, with same-store sales showing nearly double-digit growth [6][25] Expansion Plans - CFB Group plans to open 800 new DQ stores in China over the next three years, including approximately 650 ice cream stores, 50 burger outlets, and 100 custom cake shops [6][8] - The new store openings will adopt a mixed model of direct operation and franchising, focusing on first and second-tier cities for direct operations and third to fifth-tier cities for franchising [8] Product Diversification - DQ is expanding its product offerings beyond traditional ice cream to include light meals, tea beverages, and custom cakes, aiming to cater to the preferences of younger consumers [9][25] - The introduction of the "ice cream + custom cake" store model has shown significant growth potential, with sales of custom cakes increasing fivefold compared to the previous year [11] Consumer Engagement Strategies - DQ employs social listening to capture consumer trends and preferences, leading to successful product launches that resonate with younger audiences [16][21] - The brand is focusing on high-quality ingredients and fresh, made-to-order products to meet the health and quality demands of Generation Z consumers [18][19] Cultural Integration - DQ's store designs incorporate local cultural elements, enhancing consumer connection and brand identity [24] - The company has also launched pet-friendly stores, providing free ice cream for pets, to engage with pet owners and enhance the customer experience [24] Future Outlook - CFB Group remains optimistic about the continued growth of the Chinese ice cream market, projecting a sustained annual growth rate of over 10% [25]