以下文章来源于槽值 ，作者槽值小妹 槽值 . 网易文创旗下新情感消费品牌，倡导更有情调、有质感的生活方式。 谁又被上课了？ 来源｜ 槽值（ID:caozhi163） 封面来源 ｜ IC Photo "谁吃麻辣香锅能不被上一课呢。" 最近一条热搜让很多人恍惚：麻辣香锅，我上一次吃是什么时候来着？ 随着和麻辣烫一样，与"贵""刺客"绑定，麻辣香锅似乎淡出了许多年轻消费者的视线。 偶尔商场路过一些门店，也只是感叹一句吃不起就快步离开。 "杨国福有这样的麻辣香锅进入中国，算坐实了和周大福、金六福并称中国三大珠宝店的名头。" 从当年的"打工人居家旅行必备"，到人人喊打的价格刺客，麻辣香锅，一路走来怎么回事？ 麻辣香锅，年轻人的一场"豪赌" "这年头，还敢吃麻辣香锅的都是狠人。" 一个现象，打开社交平台搜索"麻辣香锅"关键词，往往会自动触发两句话： "贵成这样，怎么不去抢。" 但在人们以为它凉了的时候，麻辣香锅其实仍坚挺，连麻辣烫巨头杨国福，都开始卖麻辣香锅了。 今年6月，杨国福麻辣烫在广东率先上线麻辣香锅新品类，7月就已开始在全国门店陆续上新。 图源：杨国福麻辣烫小红书账号 爱吃的人感叹一波"双厨狂喜"，爱吃但被伤害过 ...

Core Viewpoint - The article discusses the current state and market dynamics of the spicy hot pot (麻辣香锅) industry, highlighting its high prices and the paradox of its continued popularity despite consumer complaints about costs [5][39]. Group 1: Market Dynamics - The spicy hot pot has evolved from a local specialty to a recognized dining category, with approximately 3,583 new related enterprises registered in China from January to November 2024, and a total of over 29,000 existing businesses [35]. - Despite the perception of being expensive, the spicy hot pot remains popular, with significant online engagement, including over 8.91 billion views on Douyin and more than 440,000 related posts on Xiaohongshu [38]. - The market for spicy hot pot is characterized by a lack of dominant brands, with 54.2% of brands having five or fewer stores, indicating a fragmented market with substantial growth potential [45]. Group 2: Pricing Strategies - The pricing system of spicy hot pot often obscures the actual costs, with items priced per weight or portion, leading to consumer confusion and higher bills than expected [13][15]. - For example, the price of certain ingredients can be significantly higher in restaurants compared to supermarkets, with a comparison showing that 200g of green bamboo shoots costs 17 yuan in a restaurant but only 5.98 yuan in a grocery app [17]. - The additional costs, such as base pot fees ranging from 10 to over 20 yuan, further contribute to the perception of high prices, making the dining experience feel more like a hot pot than a casual meal [29]. Group 3: Consumer Behavior - The article notes a shift in consumer behavior, with many opting to prepare spicy hot pot at home due to the high costs associated with dining out, as evidenced by the popularity of home-cooking tutorials on social media [49][51]. - The appeal of spicy hot pot remains strong among young consumers, who continue to seek out recipes and share their experiences online, indicating a lasting affection for the dish despite its pricing issues [55]. - The article suggests that the spicy hot pot industry faces challenges in distinguishing itself from similar dining options like hot pot and spicy noodles, leading to a competitive market environment [48].

Group 1 - The core point of the article highlights the downfall of the ice cream brand Zhong Xuegao, which has officially filed for bankruptcy after previously achieving remarkable sales of 1 billion yuan and a valuation nearing 4 billion yuan just four years ago [1] - The article discusses the rise of the spicy hot pot dish, which has transformed from an affordable meal option to a luxury fast food item, reflecting a significant price increase and changing consumer perceptions [5][9] - The spicy hot pot market has seen rapid growth, with over 30,000 stores nationwide and a market size reaching 20 billion yuan by the end of 2024 [9][22] Group 2 - The article notes that the spicy hot pot has become a popular choice among consumers, despite its rising prices, due to its unique flavor and social dining experience [37][40] - It emphasizes the psychological tactics used by restaurants to create a perception of affordability, such as misleading pricing units that can lead to unexpectedly high bills [17][19] - The article points out the lack of a leading brand in the spicy hot pot sector, despite the proliferation of stores, indicating a need for a standout product to enhance brand recognition [34][36]

Core Insights - The popularity of spicy hot pot (麻辣香锅) has not diminished despite perceptions of high prices, with major brands like Yang Guofu entering the market [1][25][34] - The pricing strategy of spicy hot pot often leads to consumer shock, with many feeling that the cost is disproportionate to the ingredients offered [4][10][21] - The market for spicy hot pot remains robust, with a significant number of new registrations for related businesses, indicating ongoing consumer interest [27][36] Industry Overview - The spicy hot pot industry has seen a registration of approximately 3,583 new businesses from January to November 2024, with over 29,000 existing establishments [27] - The market is characterized by a lack of dominant players, with over 54.2% of brands operating five or fewer locations, suggesting room for growth and consolidation [36] - The average monthly order volume in high-end urban areas can reach three times that of ordinary cities, indicating a strong demand in affluent markets [33] Consumer Behavior - Despite complaints about high prices, consumers continue to seek out spicy hot pot, with social media discussions reflecting both frustration and nostalgia for the dish [29][49] - The trend of home cooking spicy hot pot is rising, as consumers look for cost-effective alternatives to dining out [41][46] - The demographic of spicy hot pot consumers is primarily younger individuals, who express a complex relationship with the dish, balancing enjoyment with price sensitivity [34][49] Competitive Landscape - The spicy hot pot segment faces competition from similar offerings like hot pot and spicy noodles, leading to a blurred category distinction [39][40] - Brands are diversifying their menus to include complementary products, which has resulted in a reported 40% increase in overall dining revenue for some companies [29][36] - The industry is at a crossroads, with opportunities for growth tempered by rising operational costs and increasing competition [37][38]