China food and grocery retail are estimated to exhibit a sturdy CAGR of 6.8% during the forecast period (2020-2026). Increasing urbanization, abundant population, growing overall economy, and increasing disposable income have been responsible for the growth of the Chinese market. Additionally, rising premiumization and increasing health consciousness among consumers are driving the market growth. Moreover, growing awareness about the consumption of salt and fat intake is driving the demand for nuts and seeds in the region. Notably, in 2019 China accounted for the second-largest share in the global food and grocery retail market after the US.
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the full report description China Food and Grocery Retail Market Size, Share
& Trends Analysis Report by Product (Packaged Foods, Unpackaged Foods,
Beverages, and Other Household Products) by Distribution Channel (Online and
Offline) Forecast Period (2020-2026) at
In China, retail value sales are propelled by naturally healthy and better-for-you concepts. The savory snacks vertical witnessed the highest current value increase. Products that offer health and wellness positioning are expected to experience the most robust development. Supermarkets and hypermarkets will remain the main sales channels for food retail for the near future. However, as a newly-emerging retail channel that is seeing rapid growth, internet retailing is predicted to play a more important role. As a result of brand-building efforts and the establishment of logistics systems, key business-to-consumer online retailers such as Vihaodian and Tmall have become more popular among domestic consumers. Internet retailing is also able to provide consumers in lower-tier cities with easier access to newly-launched food products. However, the greatest potential threat to the growth of food retail will be consumers’ concern regarding food safety, however, it will also increase the premiumization.
Market Coverage
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected segment
China Food and Grocery Retail Market Report Segment
By Product
By Distribution Channel
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