Urbanization to Gear up China Food and Grocery Retail Sector : Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The research title “Food and Grocery Retailing in China-Market Summary & Forecasts” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020. Both qualitative and quantitative insights and analysis of the shifting food and grocery retail dynamics for drinks, household products, packaged food, tobacco and unpackaged food from 2010 to 2020 have been covered. As urbanization and rising disposable incomes along with a huge population of roughly 1.4 billion, maintains to expand China’s consumer market, the country’s retail grocery market is also evolving. While traditional markets are still present in China, consumers have diminished preference for them as these markets are increasingly facing competition from modern grocery retail formats, such as hypermarkets, supermarkets and convenience stores. Supermarkets and hypermarkets are the market dominators of some larger cities, and their continued expansion to even smaller cities is expected to further drive competition in the grocery retail sector. Of the various retail channels, hypermarkets are expected to have the most growth potential in the Chinese market followed by the convenience stores due to rising disposable incomes and consumer’s preferences for convenience and modernized lifestyles. These factors are also expected to expand the opportunities for packaged food sales in the Chinese market. Products that address other consumer concerns, such as health and food safety, may be particularly promising. Internet retailing also continues to expand its presence in the market. In-fact, online spend on food and grocery is projected to grow at a CAGR of 34.03% during 2015-20. Source: National Bureau of Statistics of China The consistent growth in the GDP per capita is a major factor contributing to the growth of the hypermarkets and convenience stores in China. Convenience stores offer speed of service to time-starved consumers who want to get in and out of the store quickly. These shoppersrecognize this channel of trade for its convenient locations, extended hours of operation, one-stop shopping, variety of merchandise and fast transactions. Despite small operating areas, the product range is still quite broad. China’s food and grocery retail market is dominated by local players of the country like CRE Ltd, Walmart, RT Mart etc. Chinese grocery sales are set to grow by a third between now and 2020, according to forecasts from the Institute of Grocery Distribution. The Chinese grocery market has proved challenging for western supermarket chains, with Tesco failing to make it alone on the mainland despite an ambitious program of building so-called “lifestyle malls”, anchored by Tesco stores. Walmart has struggled with food safety issues in China — a market where foreign brands trade on their reputation for quality, so any safety flaws are particularly bad for brand image. Key Macroeconomic Trends Expected to Drive Growth of China Food Retail Sector The food and grocery retailing market in China is forecast to grow at a CAGR of 11.17%, to reach an estimated value of CNY25982 billion in 2020.Modernization of Lifestyles, Urbanization and rapid and consistent increase in the disposable incomes are some of the major factors expected to drive growth of the Chinese Food and Grocery Retail sector. Apart from these, we also have few other factors that can be associated to this growth: The Ministry of Commerce of China is encouraging retailers to establish direct procurement bases across China to increase traceability and supply fresh produce to local residents. China’s regulatory responses to food safety concerns are many. For example, the “Further Supervision of Baby Milk Formula Quality” policy in June 2013 resulted in many local milk formula manufacturers exiting the market and later applied both antitrust legislation as well as price controls on the industry. The retail sale of unpackaged oils and fats as well as bulk dry fruits and nuts is also now banned in most locations. The Ministry of Commerce’s scheme to introduce modern retailing to rural areas since 2006 is designed to provide those residents with high-quality products at competitive prices in clean and tidy shopping environments, in an attempt to move grocery shopping away from wet markets and small, independent outlets. To know more on coverage, click on the link https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/food-grocery-retailing/29892-95.html Related Reports https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/food-grocery-retailing-argentina/21404-95.html https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/food-grocery-retailing-australia-the-market/2535-95.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: China Consumer Goods Sector Research, China Food and Grocery Retail Industry, China Food Retail Chain Distribution Channel, China Frozen Food Industry, China Juices Industry Research, China Non Alcoholic Beverages Market Size, China online Grocery Market, China Ready to Eat Food Market Research, China Retail Industry Research Report, China Snacks Market Size