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.

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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.

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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.

China Food and Grocery Retail Market – Segmentation
by Product
Packaged Foods
Unpackaged Foods
Beverages
Other Household Products
by Distribution Channel
Online
Offline

Company Profiles
Alibaba Group Holding Ltd.
Beijing Hualian Hypermarket Co., Ltd.
Carrefour SA
China Resources Enterprise, Ltd.
Jd.com, Inc.
Lianhua Supermarket Holdings Co., Ltd.
C.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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