In 2023, the per capita expenditure on food, tobacco, and liquor in China stood slightly below the forecasted value for 2024. From 2024 to 2028, projections indicate a gradual increase, reaching 7.27 thousand yuans by the end of the period. The year-on-year growth illustrates persistent growth with a moderate increase in spending. Notably, the compound annual growth rate (CAGR) over five years highlights a stable upward trend, reflecting increasing consumer spending in these categories.

Future trends to watch for include:

The impact of continued economic growth on consumer purchasing power.
Potential shifts in consumer preferences towards healthier options affecting tobacco and liquor expenditures.
Government regulations on tobacco and alcohol potentially impacting spending patterns.
The influence of digital advancements in food and beverage delivery services on expenditure.