The China food and grocery retail market is anticipated to grow at a CAGR of 6.8% during the forecast period. China is one of the fastest developing and most populous country across the globe. Over the past few decades, modern grocery retailing has been expanding rapidly in developing countries including China itself. The Chinese food and grocery retail market is driven by an abundant population, increasing urbanization, and the growing per capita disposable income of the middle-class people. This in turn triggering China’s demand for imported consumer-oriented food products which is expected to grow at a steady pace. The consumers in China are increasingly demanding convenience foods owing to the population’s busy lifestyle and far-reaching digitalization.
The China food and grocery retail market is segmented based on product and distribution channels. Based on the product, the food and grocery retail market is sub-segmented into packaged foods, unpackaged foods, beverages, and other household products. Based on the distribution channel, the market is segmented into online and offline. Increased digitalization, ‘new retail’ model, growth of community and convenience stores, and expanding delivery service are some of the ongoing retailers’ trends. Both online and offline (brick and mortar) new retail formats are data-driven and have steady footprints, and are expanding swiftly, forming new challenges and competitions for conventional retailers. Further, the country has opportunities for growth in dried and fresh fruits, dairy, meat snacks, seafood, pork, and other foods.
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China Food and Grocery Retail Industry Market Segmentation
By Product
- Packaged Foods
- Unpackaged Foods
- Beverages
- Other Household Products
By Distribution Channel
- Online
- Offline
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Company Profiles
- Alibaba Group Holding Ltd.
- Beijing Hualian Hypermarket Co., Ltd.
- Carrefour SA
- China Resources Enterprise, Ltd.
- com, Inc.
- Lianhua Supermarket Holdings Co., Ltd.
- P. Lotus Corp.
- RT-MART International Ltd.
- Sun Art Retail Group Ltd.
- Walmart Inc.
- Wumart Stores, Inc.
- Yonghui Superstores Co., Ltd.
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