china grocery market size

china grocery market size

Category growth in food & grocery 2018-2023. Rising disposable income and people’s increasing inclination toward comfort are anticipated to drive the market over the forecast period. Grocery Retailing China market size data most recently updated in 2010. China’s role in the global meat market . Food and Grocery Retail in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). Food & Grocery Retail in China has complete details about market of industry, analysis and current trends. “Less than half of grocery sales in China currently go through traditional trade and as the market continues to mature, we expect traditional trade to continue losing share to modern trade. Revenue is expected to show an annual growth rate (CAGR 2020-2025) of 9.9%, resulting in a … China leisure food market has reached a size of 40 billion RMB in 2009 and it still is developing at an annual rate of more than 10%. Market size comprises sales through all retail channels including direct to consumer. To define, describe and forecast the market by type, market and key regions. The global food & grocery … In 2008, China was home to about 549,000 retail enterprises, each with an average of 15 employees. China will overtake the US to become the world’s largest grocery market by 2023 in value terms, according to the latest forecasts from international researcher IGD Asia. E-commerce giants such as JD and Alibaba are set to see significant growth from both online and offline channels and become the second- and third-largest grocery retailers in China respectively. As the channel modernises, it will provide new ways to reach new shoppers.”, Thailand’s Central Retail confirms IPO plans, JD’s 7Fresh launches two new concepts in Beijing, India’s Lenskart wins US$275 million in Softbank funding, Charles & Keith opens three new stores in Hong Kong, Parkson to exit MyTown Shopping Centre in February, China launches probe into suspected monopolistic behaviour by Alibaba, Gucci joins Alibaba’s Tmall Luxury Pavilion to woo Chinese consumers, How shoppertainment is fuelling the growth of AliExpress, JD is China’s first online platform to accept nation’s digital currency, Alibaba CEO hails China’s draft anti-monopoly rules ‘timely and necessary’, Unlimited access to news,insights and opinions, Independent research reports and forecasts. China Malted Milk Food Market Report 2020 - Market Size, Share, Price, Trend and Forecast. In the past decade, sales growth among large grocery chains in the mature markets of North America and Western Europe has been a pallid 2 percent (compared with 9.8 percent in Africa, 8.4 percent in Eastern Europe and South America, and 6.2 percent in Asia). Amazon is locked and loaded to gain dominance in the rapidly growing online grocery market, predicted to grow to $100 million or 20% of the total grocery retail market in 2025. Posted on Sep 18 2020 6:02 AM "industryresearch.biz has published a new research report on "Global Online Grocery Market" to its database. Zhang Huan, a former kitchenware seller in the Covid-19-torn city of Wuhan, has found herself in the middle of one of the biggest new growth areas in …. It exceeds the growth rate of the traditional catering industry. How to calculate China market size. Food: category size and growth rates 2013-2023 . China’s retail market is highly fragmented and composed of many small and medium-sized retailers, unlike in the United States, where big-box retailers dominate. Online grocery sales to hold 20% of market by 2025. Food & Grocery Retail in China Summary Food & Grocery Retail in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). It is anticipated to register a CAGR of 7.9% during the forecast period. China has become the world's largest market for food and grocery retail, surpassing the US, a study showed. Reasons to buy Grocery retail sales in China are set to amount to CNY 11.4 trillion by 2017 from CNY 8.6tn in 2017 – more than India, Japan and Indonesia combined The market is expected to see a CAGR of 5.8% over the next five years, on par with Thailand but slower than markets such as India, Vietnam and Bangladesh, where the economy is growing faster Global “Offline Grocery Market” research report provides key statistics of the market status in terms of Offline Grocery market size estimates and forecasts, growth rate. China is now the world’s largest producer, consumer, and importer of meat. Select a market to begin. “With such strong market growth to 2023, trading in China has vast potential, whether supplying directly to physical stores or via online marketplaces,” concluded Miles. As the fastest-growing channel, we forecast online to contribute up to 11 per cent of sales in 2023.”. Even that 2 percent growth has been hard won. South China Morning Post provides news and analysis on Hong Kong, China and the rest of Asia. Refine your market size by assuming a penetration rate for your category of product. China Consumption & Consumer Market Facts. Request Sample China online food delivery market was worth US$ 38.8 Billion in 2019. “Convenience will be the fastest-growing physical store channel, driven by Alibaba and JD transforming traditional mom-and-pop stores, retailers opening smaller format stores and both local and overseas players expanding their networks through partnerships,” said Miles. The country’s total market size will reach CNY11.0tn (US$1.8tn), more than Asia’s next four largest grocery markets (India, Japan, Indonesia and South Korea) combined. The penetration rate is a function of the nature of your product. China’s community group grocery buying surges as vast market size offers economies of scale Food & grocery share as a percentage of total retail spending, 2013, 2018 and 2023. The global food and grocery retail market size was valued at USD 11.7 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2020 to 2027. Market research on the grocery retailers industry. New Report On Global Online Grocery Market Size, Status and Forecast 2020-2026 added to Orbisresearch.com store which has 93 pages and available for purchase at US $ 3900. This made it the fastest growing channel of them all even above the critically acclaimed Discounters. Looking forward, the market expected to grow at … As of 2020, the growth rate of O2O food delivery market in China is more than 10%. Online Grocery Market Size, Share 2020 - Global Industry Analysis by Future Growth, Business Plans, Manufacturers with Development Status, and Outlook by 2024 . Studies from international researcher IGD Asia have shown the country’s total market size will reach RMB11.0 trillion (US$1.8 trillion), more than Asia’s next four largest grocery markets (India, Japan, Indonesia and South Korea) combined. Online grocery shopping could grow five-fold over the next decade, with American … The global food and grocery retail market size was valued at USD 11.7 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2020 to 2027. China’s booming electric vehicle industry is headed for some tough price competition followed by a shakeout, according to experts. Meanwhile, IGD forecasts that hypermarkets will see their share of China’s total grocery retail market reduce from 22 per cent last year to 18 per cent in 2023, while the market share of supermarkets will remain steady, close to 20 per cent. The country currently represents the world’s biggest online food delivery market. Today, two large supermarket chains, namely Wellcome and ParknShop have taken a lion’s share of the market, making it difficult for smaller scale businesses to come and compete. China has overtaken the United States to become the world's biggest market for grocery shopping, according to the latest report to underscore the country's growing global economic dominance. The online grocery market in China is forecast to reach 1 trillion yuan (US$147 billion) in three years, up from 400 billion yuan in 2019, as more consumers continue to … What is the market size of the Supermarkets & Grocery Stores industry in the US? Mobile applications are the different types of software applications that are designed to run on various smartphones, tablets, and computer tablets. Total size of the food & grocery market by category, 2018 and 2023. China - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact) is a broad level market review of Dried & Instant Noodles market in China. The global functional foods market size was estimated at USD 161.49 billion in 2018. Expansion through local partners will also remain a key route to market in China, so customer strategies must take into account the strong alliances forming between e-commerce players and bricks and mortar retailers. Figure 54: South Korea Pet Food Market Size, By Value (USD Million), 2014-2024F China e-commerce market to be more than double the size of the US market in 2022 China’s online retail market is expected to hit $1.8tn in 2022, … Why buy this report? (Source: National Bureau of Statistics of China) The country’s total market size will reach CNY11.0tn (US$1.8tn), more than Asia’s next four largest grocery markets (India, Japan, Indonesia and South Korea) combined. Increased disposable income as a result of economic growth has fueled the spending on consumables Figure 51: China Pet Food Market Size, By Value (USD Million), 2014-2024F . Already it … The seafood market size was valued at $159,311.9 million in 2019, and is projected to reach $193,913.6 million by 2027, registering a CAGR of 2.5% from 2020 to 2027. IGD research has also found that China’s leading grocery retailers will grow at varying rates to 2023. The increasing demand for home delivery and foodservice providers is expected to drive the market studied. The Vegan Food market size was valued at $14.2 billion in 2018 and is expected to reach $31.4 billion by 2026, registering a CAGR of 10.5% from 2019 to 2026. The online grocery market in China is forecast to reach 1 trillion yuan (US$147 billion) in three years, up from 400 billion yuan in 2019, as more consumers continue to … “Online and offline integration will drive online growth. China is the world’s top producer of agricultural products by value, with total production of about 4,078 billion RMB (US$536 billion). This report also covers key players of the market identified through their market share, product offerings. Grocery Market Share Kantar. To strategically profile the key players and comprehensively analyze their development plan and strategies. Due to the development of diversified consumption habits of Chinese people, the food delivery market in China will exceed 300 billion yuan in 2020. - China is the largest and the fastest growing market of the top 10 for food & grocery sales - Malaysia is the fastest growing market, supported by a rising middle class. [World Trade Organization 2010 Report ] With almost half a billion pigs, China … Overall food & grocery: size of the market 2013-2023. Vegan Food Market Outlook - 2026. The O2O food delivery market in China is 37 billion USD in size and continues to grow. Meanwhile, retailers with nationwide networks such as Sun Art, Yonghui, Walmart, CRV and Carrefour will benefit from ongoing expansion, partnerships with e-commerce and tech companies, improved efficiencies, and investment in small formats. China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts. Japan is China’s largest food export market. Reports also show that China candy market, including chocolate, candy, gum markets, has increased by over 63% from 2005 to 2010. China Business, Market & Economy News - BloombergQuint offers the latest news and headlines on Chinese economy, business and markets. Overall food & grocery: growth rates 2013-2023. China will overtake the US to become the world’s largest grocery market by 2023 in value terms, according to the latest forecasts from international researcher IGD Asia. The country’s total market size will reach CNY11.0tn (US$1.8tn), more than Asia’s next four largest grocery markets (India, Japan, Indonesia and South Korea) combined. The UK food & grocery market is forecast to reach £150.9bn in 2018, with forecast growth of 15.1% between 2018-2023. The global mobile application market size was valued at $106.27 billion in 2018, and projected to reach $407.31 billion by 2026, growing at a CAGR of 18.4% from 2019 to 2026. IBISWorld's statistic shows that as of 2020 the market size of the Supermarkets & Grocery Stores industry is $656.0bn an increase of 0.5% from 2019. This market covers packaged snacks comprising crisps, snack nuts and other snacks. Figure 53: China Pet Food Market, By Point of Sale, By Value, 2014-2024F. Reasons to buy Mergers and acquisitions throughout 2017 and 2018 are consolidating the market, leading to challenges for suppliers – particularly with Brexit uncertainty mounting. Over the seven-month period, the percentage of shoppers going online for their grocery shopping rose from 28% to 35%. Online giants are reshaping China’s retail landscape with their strong logistical and technical capabilities, so suppliers should understand this new path of purchase and design meaningful ways to reach their shoppers. To present the e-grocery development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America. The global food and grocery retail market size is expected to reach USD 12.24 trillion by 2020, progressing at a CAGR of 6.9% during the forecast period. As the total market size expands, traditional trade will still grow, but at a much slower pace over the next five years (forecast CAGR of 0.8 per cent), compared with the growth rate of modern trade (forecast CAGR of 8.5 per cent).”. The size of China’s online grocery market can be explained both by demographics and technological adoption rates. The report titled “China Fast Food Market: Size, Trends & Forecasts (2018-2022)”, provides an in-depth analysis of the China fast food market by value, by delivery, by segments, etc. As the global leader in grocery eCommerce, China will grow at a 31% CAGR over the next five years, taking market share from 3.8% to 11.2%. Reports containing standardised and cross-comparable statistics including total market sizes, market … According to the latest by IMARC Group, the global breakfast food market grew at a CAGR of around 4% during 2014-2019. But we would also urge suppliers not to neglect traditional trade, which will still account for about one-third of FMCG sales in 2023. The challenge of China market entry has become an increasingly important one of Western companies of all shapes and sizes. South China Morning Post - Zhang Huan, a former kitchenware seller in the Covid-19-torn city of Wuhan, has found herself in the middle of one of the biggest new growth areas in … Community group buying of groceries surges in China as vast market size offers economies of scale - Flipboard - China is the largest and the fastest growing market of the top 10 for food & grocery sales - Malaysia is the fastest growing market, supported by a rising middle class. The global online grocery market size was valued at USD 189.81 billion in 2019 and is projected to register a CAGR of 24.8% from 2020 to 2027. News Videos. Supermarket chains play an important role in Hong Kong for taking care of citizens’ daily grocery needs. “There’s also a huge RMB1.7 trillion ($245.57 trillion) growth opportunity in convenience and online in the next five years, which can be captured by understanding trends and retailer strategies and allocating resources accordingly. Are supermarket operators moving into other grocery channels? “China will not only retain its position as Asia’s largest grocery market by 2023, it will also overtake the US to become the world’s largest,” said IGD head of Asia Pacific Nick Miles. China leisure food market has reached a size of 40 billion RMB in 2009 and it still is developing at an annual rate of more than 10%. Increasing demand for nutritional and fortifying food additives is anticipated to drive the growth The Chinese foodservice market is projected to reach USD 1144.23 billion by 2025, registering a CAGR of 7.3% during the forecast period. China will overtake the US to become the world’s largest retail market in 2019, according to a new report from the market research firm eMarketer. China Pet Food Market Size, Share, Growth, Report Analysis & Segmentation by by Product, By Application, and By Region - Opportunities & Forecast, 2020-2027 Skip to content U.S. Office : … Studies from international researcher IGD Asia have shown the country’s total market size will reach RMB11.0 trillion (US$1.8 trillion), more than Asia’s next four largest grocery markets (India, Japan, Indonesia and South Korea) combined. Increased disposable income as a result of economic growth has fueled the spending on consumables Community group buying of groceries surges in China as vast market size offers economies of scale, Banking, Trade & Commerce In Ancient Phoenicia, 5 Methods Hackers Use to Break Into Your Bank Account, A new survey reveals economists are more optimistic about the economic recovery, BRN FOCUS | MAXIMIZING MILITARY MEMBERS' SAVINGS, Benjamin Netanyahu invites Morocco’s King Mohammed VI to visit Israel, Coronavirus visa uncertainty turns foreign students against China, 5 weird and wonderful China stories that stood out in 2020, Russia launches criminal case against ally of Kremlin critic Alexei Navalny. China’s strong economic growth, changing lifestyles and increasing penetration of internet … “However, there are huge changes taking place that suppliers need to consider. In 2019, the country consumed around 28 percent of the global meat supply, which accounts for 73 percent of the Asia-Pacific meat market value. The country's grocery market reached a value of almost 1.3 trillion in 2017. The fish segment was the highest contributor to the market, with $101,526.2 million in 2019, and is estimated to reach $125,914.3 million by 2027, at a CAGR of 2.7% during the forecast period. Figure 52: China Pet Food Market Share, By Type, By Value, 2014-2024F. The report also assesses the key opportunities in the market and outlines the factors … Besides being the world’s second largest economy by nominal gross domestic product and the world’s largest economy by purchasing power parity in 2019, China will soon become the largest consumer market and one of the most innovative economies in the world in 2020. HIMs online grocery market research asked UK shoppers which channels they had shopped at each week over a series of months. Reports also show that China candy market, including chocolate, candy, gum markets, has increased by over 63% from 2005 to 2010. Despite a difficult economic climate in Europe and the United States, China’s economy has continued to grow by double-digit rates over the last couple of years. Published On :07 Dec 2020 Report Code :GRS5890979 Category : Food … Market Researc in China industry trends (2015-2020) Market Researc in China industry outlook (2020-2025) poll Average industry growth 2020-2025 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. The global food and grocery retail market size is expected to reach USD 12.24 trillion by 2020, progressing at a CAGR of 6.9% during the forecast period. This contains 5 years of historical data and five-year forecasts.This Market size report gives an instant overview of the China Grocery Retailing Market According to a new report by EMR titled, ‘China Online Grocery Market Report and Forecast 2020-2025’, In 2019, the market reached almost the value of USD 65.5 billion. Regional players such as NGS and Wumart will continue to focus on profitability. About Grocery Market Share China East. “The market is expected to have a CAGR of 5.5 per cent, on par with Sri Lanka and Thailand, but slower than markets such as India, Vietnam, Indonesia and the Philippines, where the economy is growing faster. Snack Food in China by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2020. Assume a high penetration rate if your category of product is mission-critical or mandated through regulation; assume a low penetration rate for products with a specialized purpose. China Frozen Food Market - China Frozen Food Industry Size, Share, Demand, Analysis, Trends, Research And Forecast Report, 2014-2024 China frozen food market was valued at USD 14,018.8 million in the year 2016 and is expected to grow over the forecast period, driven primarily by an increase in demand for frozen food owing to growing urbanization that has led Chinese people to favour we Over the next five years, the Chinese online grocery market will grow by the same size as the entire combined market of all ten countries in 2018. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. China will overtake the US to become the world’s largest grocery market by 2023 in value terms, according to the latest forecasts from international researcher IGD Asia. The online sales of food products in China are expected to grow rapidly in the coming years. 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