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.

Further, the consumers in China are increasingly urban with hefty demands on their time. They are actively seeking out food products that are convenient and quick, that meets their demands. The ability to buy products using smartphone payment applications such as AliPay and WeChat Pay coupled with increased accessibility in retail outlets and online have been critical to successful products. Premium niche and high-quality foods, such as imported food and beverages, have shown excellent results in first-tier cities (Beijing, Guangzhou, Shanghai, and Shenzhen). Additionally, conventional retailers are focused majorly on elevating the sales of the imported food retail sector, primarily in 2nd and 3rd tier cities (Changsha, Chengdu Zhuhai, Foshan, Nanjing, Qingdao, Suzhou, Xiamen, and more), where the saturation of imported products is relatively less.

Research Methodology

The market study of the China food and grocery retail market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. China Food and Grocery Retail Market Research and Analysis by Product
2. China Food and Grocery Retail Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the global food and grocery retail market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global food and grocery retail market.
• Insights about market determinants which are stimulating the global food and grocery retail market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.