IGD research has also found that China’s leading grocery retailers will grow at varying rates to 2023. “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. Vegan Food Market Outlook - 2026. China’s role in the global meat market . The global food & grocery … 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. 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. It is anticipated to register a CAGR of 7.9% during the forecast period. 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. 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. 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. The challenge of China market entry has become an increasingly important one of Western companies of all shapes and sizes. 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. There is a growing demand for market size research amongst both Western companies looking to access the market for the first time, and companies with an established presence in China looking to improve their performance or identify new market opportunities. Select a market to begin. Online Grocery Market Size, Share 2020 - Global Industry Analysis by Future Growth, Business Plans, Manufacturers with Development Status, and Outlook by 2024 . Development of modern trade in China over the next few years will be largely driven by ongoing store expansion, according to IGD’s research, as well as strong performances from the online and convenience channels. 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. Why buy this report? China’s community group grocery buying surges as vast market size offers economies of scale The O2O food delivery market in China is 37 billion USD in size and continues to grow. (Source: National Bureau of Statistics of China) About Grocery Market Share China East. What is the market size of the Supermarkets & Grocery Stores industry in the US? 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). Increased disposable income as a result of economic growth has fueled the spending on consumables Reports also show that China candy market, including chocolate, candy, gum markets, has increased by over 63% from 2005 to 2010. 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. Overall food & grocery: growth rates 2013-2023. Grocery Retailing China market size data most recently updated in 2010. Figure 52: China Pet Food Market Share, By Type, By Value, 2014-2024F. China is now the world’s largest producer, consumer, and importer of meat. Figure 53: China Pet Food Market, By Point of Sale, By Value, 2014-2024F. Studies from international researcher IGD Asia have shown the country’s total market size will reach RMB11.0 trillion (US$1.8 trillion), more than Asia’s next four largest grocery markets (India, Japan, Indonesia and South Korea) combined. Industry market research reports, statistics, analysis, data, trends and forecasts. China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts. To strategically profile the key players and comprehensively analyze their development plan and strategies. Reasons to buy Over the seven-month period, the percentage of shoppers going online for their grocery shopping rose from 28% to 35%. China’s strong economic growth, changing lifestyles and increasing penetration of internet … The country's grocery market reached a value of almost 1.3 trillion in 2017. Request Sample China online food delivery market was worth US$ 38.8 Billion in 2019. 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. 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 News Videos. According to the latest by IMARC Group, the global breakfast food market grew at a CAGR of around 4% during 2014-2019. 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. 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. 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 …. “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. Revenue is expected to show an annual growth rate (CAGR 2020-2025) of 9.9%, resulting in a … [World Trade Organization 2010 Report ] With almost half a billion pigs, China … - 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. To present the e-grocery development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America. This report also covers key players of the market identified through their market share, product offerings. China will overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts. 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). HIMs online grocery market research asked UK shoppers which channels they had shopped at each week over a series of months. The increasing demand for home delivery and foodservice providers is expected to drive the market studied. 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. Food & grocery share as a percentage of total retail spending, 2013, 2018 and 2023. Food: category size and growth rates 2013-2023 . 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, … The grocery sector in China was worth £607bn ($972bn) by … Increased disposable income as a result of economic growth has fueled the spending on consumables 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%. 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). 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 To define, describe and forecast the market by type, market and key regions. Kantar’s Grocery Market Share data is derived from Worldpanel’s research covering the household grocery purchasing habits of 40,000 demographically representative urban households in China for their consumption at home. How are supermarkets being affected by the growth of other grocery channels? 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. 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. 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%. South China Morning Post provides news and analysis on Hong Kong, China and the rest of Asia. But we would also urge suppliers not to neglect traditional trade, which will still account for about one-third of FMCG sales in 2023. China is the world’s top producer of agricultural products by value, with total production of about 4,078 billion RMB (US$536 billion). What is the market size of Supermarkets in China? Mergers and acquisitions throughout 2017 and 2018 are consolidating the market, leading to challenges for suppliers – particularly with Brexit uncertainty mounting. In 2008, China was home to about 549,000 retail enterprises, each with an average of 15 employees. Figure 51: China Pet Food Market Size, By Value (USD Million), 2014-2024F . Mobile applications are the different types of software applications that are designed to run on various smartphones, tablets, and computer tablets. Published On :07 Dec 2020 Report Code :GRS5890979 Category : Food … Are supermarket operators moving into other grocery channels? 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. 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. It exceeds the growth rate of the traditional catering industry. “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. France; Ireland; Great Britain; Spain; China National Total size of the food & grocery market by category, 2018 and 2023. Posted on Sep 18 2020 6:02 AM "industryresearch.biz has published a new research report on "Global Online Grocery Market" to its database. 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. Rates to 2023 represents the world 's largest market for food and grocery retail, surpassing US. We would also urge suppliers not to neglect traditional china grocery market size, which still. South China Morning Post provides news and headlines on Chinese Economy, and... 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