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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

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Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

The publication titled “LUGGAGE AND LEATHER GOODS 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 luggage and leather goods retail dynamics 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 market is also evolving. China’s Retail Market is the world’s second largest retail market. In 2013 China overtook the US as the largest e-commerce market in the world and is expected to again overtake the US as the world’s largest overall retail market by 2018 with Chinese spending accounting to bealmost one-quarter of the global retail spending.

The Chinese luggage and leather goods market holds huge growth potential in the forecast period. Most luggage and leather goods retailers have a very strong footprint on tier I and tier II cities in China, but very soon tier III and IV cities will join hands with larger cities to drive the market.China is in fact the biggest producer and exporter of bags in the world. Small and midsize companies constitute the luggage and travel goods industry in China.

The consistent growth in the GDP per capita is a major factor contributing to the growing demand of luxury goods like leather goods in China. The market is positively influenced by increasing household disposable income, a rising affluent middle class, rapid urbanization, a rising demand for luxury in lower tier cities, and a surge in the number of those travelling

Retail in China has enjoyed double digit growth for over a decade as the country enjoys positive economic growth, rising disposable incomes and growing incomes. The global recession slowed growth but as the middle classes expand, retailers have spread to second and third tier cities, and online shopping takes off, spending will increase as more consumers have greater access and inclination to spend.

Mapping the China’s Retail Market Landscape

Global recession has slowed down the growth in China’s retail market. However the rapid evolution of China’s economy into a consumption-driven economy still provides for enormous growth opportunities in the retail sector.A lot many factors can be associated to the rising demand for luxury goods like leather goods, luggage such as consistently increasing population, change in consumer’s tastes and preferences, rising per capita income with persistently expanding middle class and so on.

There has been a consistent increase in China’s demand for luxury good like leather bags, watches, jewellery etc.In 2008, Chinese consumers spent around three billion yuan on luxury goods.

The luggage and leather goods retail sector is expected to generate CNY243.3 billion of sales in 2020, representing a CAGR of 14.43% over the forecast period. Per capita spending on luggage and leather goods will continue to soar, with a CAGR of 13.8% over the next five years.
The growing interest for the online purchase of luggage and leather goods will drive online spending, at a rate of 25.4% over the next five years

Key Macroeconomic Trends Driving Growth in China’s Luggage and Leather Goods Retail Market

Consistently improving macroeconomics conditions have led to the growth of China’s retail market, even though at a slower rate, which has in turn led to increased demand for retail market products in one way or another. Consequently, the growth of the retail market in term of volume has shown positive but declining growth rates and is expected to continue with the same trend over the next five years. 

In recent years as competition has grown, so has demand for luggage and leather goods industry. Leather goods and luggage has become one of the fashion statements for women; they prefer designer handbags, laptop bags and travelling bags etc. which has turned their focus towards high end brands such as LVMH and other competing on the same platform. The demand for travel bags also depends upon the growth of travel industry. Bags, wallets and purses dominate the demand, of total luggage and leather goods industry.

To know more on coverage, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/luxury-goods/luggage-leather-goods-retailing/29898-95.html

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Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com

+91-124-4230204

• Expansion in Chinese furniture and floor retail market due to rise in demand, increase in GDP of China, rapidurbanization and population expansion.
• New sales and distribution channels introduced in past few years including hypermarkets, supermarkets, online specialized shops, etc.

Ken Research announced its latest publication on “Furniture and Floor Coverings Retailing in China-Market Summary & Forecasts”which aptly describes the latest scenario of retail market for furniture and floor coverings. Looking at China economy, this report provides comprehensive knowledge of emerging trends, forecasts and opportunities to 2020. Further, it provides detailed analysis of consumer trends, changing economic and population factors. This report provides an insightful analysis of key furniture and floor covering retailers of China.

China’s furniture and floor covering market

Floor coverings market
Significant enhancement of demand for floor covering is playing pivotal role in expansion and growth of floor covering retail market of China. Most demanded floor covering type is ceramic tile followed by carpet and rugs, resilient, wood and bamboo, laminate and stone. Outstanding innovations in Chinese floor industry is observed which is not only improving domestic demand but also increasing demand for Chinese floor coverings globally. With industrial worth of USD13.3 billion, floor covering market is expected to grow further.

Furniture market
In last 20 years, China has become one of the largest production base and one of the largest exporter of furniture in the world. Pearl River delta area is most popular destination for furniture buyers followed by Yangtze River delta area, Bohai Sea surrounding area and northeast furniture zone. Different industrial cluster of China specialize in production, export and retail of different sorts of furniture. Example- Dayong and Guangdong are famous for its rosewood furniture production base.  Demand for all sorts of furniture including home furniture, office furniture, hotel and guesthouse furniture and public institution furniture is rising which is met both from domestic production and imports.

Both furniture and floor covering market has shown a remarkable growth and expansion in past few years and is expected to grow further despite of recent economic slowdown in China. Various factors responsible for outstanding growth and expansion of market are:

• Rising Gross Domestic Product (GDP)

Indicators of economic stability and prosperity like per capita GDP and per capita disposable income were rising in China. Chinese economy became world’s fastest growing economy in 2015.

• Huge domestic demand

Tremendous domestic consumption demand is observed in China due to rising GDP. Other factors responsible for this rising demands are:

• Rising population

China is the most populous nation in the world which in turn leads to high domestic demand. Thus, expenditure on floor coverings and furniture is also very high in domestic economy leading to expansion of the market.

• Urbanization

Again, due to rising GDP, people’s standard of living is improving significantly Real estate construction is undertaken to fulfill this demand for urban dwellings which is subsequently leading to rise in demand for furniture and floor coverings in China.

Sales and distribution channels

There were 3 conventional distribution channels of furniture and floor covering products in China: first, through distributers, second, by renting a shop and selling products themselves and third, by selling products in malls, furniture marts and sophisticated markets. Recently, sales of furniture and floor coverings products are done through various channels like Home furniture and homewares retailers; hypermarkets, supermarkets and hard-discounters; online; department stores; value, variety stores and general merchandise retailers; home improvement and gardening supplies retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; other specialist retailers. Home furniture and homeware retailers, department stores, hypermarkets, supermarkets, and hard discounters are the major sales channels for furniture and floor coverings.

Global market trends

Key macroeconomic trends in global market are:

• Demand for multifunctional and innovative utility products are rising.
• Demand for small and portable furniture are rising.
• Multipurpose and technology driven furniture and floor coverings are rising.
• Furniture and floor covering retail market is led by The US.
• By 2019, China will surpass The US by 2019 and would become leader of retail market for furniture and floor coverings.

Key Topics Covered in the Report:

• Detailed analysis of furniture and floor coverings retail market of china
• Consumer trends, preferences and behavior
• Causes of increase in demand for furniture and floor coverings in china
• Sales and distribution channels of the market
• Global market trends of furniture and floor coverings retail

For more coverage click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/furniture-floor-coverings-retailing/29896-95.html

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Contact: 

Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
www.kenresearch.com

+91-124-4230204

Ken Research announced its latest publication on “Furniture and Floor Coverings Retailing in China-Market Summary & Forecasts” which aptly describes the latest scenario of retail market for furniture and floor coverings. Looking at China economy, this report provides comprehensive knowledge of emerging trends, forecasts and opportunities to 2020. Further, it provides detailed analysis of consumer trends, changing economic and population factors. This report provides an insightful analysis of key furniture and floor covering retailers of China.

Until 2015, China was world’s fastest growing economy which led to tremendous growth in all major sectors of economy. Attributing to this excellent growth of Chinese economy, retail market for furniture and floor covering also witnessed substantial growth. Looking at Chinese economy, this report provides comprehensive knowledge of emerging trends, forecasts and opportunities to 2020. Further, it provides detailed analysis of consumer trends, changing economic and population factors. This report provides an insightful analysis of key furniture and floor covering retailers of China.

China’s furniture and floor covering market

Floor coverings market

According to a report by floor covering institute, “By 2025 cities will construct 40 billion square meters of floor space in 5 million buildings, of which up to 50,000 will be skyscrapers – the equivalent of building up to two Chicago’s every year. The incremental growth alone in urban China’s consumption between 2008 and 2025 will be the equivalent to the creation of a new market the size of Germany’s in 2007.” Thisenhancement of demand for floor covering is playing pivotal role in expansion and growth of floor covering retail market of China. Most demanded floor covering type is ceramic tile followed by carpet and rugs, resilient, wood and bamboo, laminate and stone. Outstanding innovations in Chinese floor industry is observed which is not only improving domestic demand but also increasing demand for Chinese floor coverings globally. With industrial worth of USD13.3 billion, floor covering market is expected to grow further.

Furniture market

In last 20 years, China has become one of the largest production base and one of the largest exporter of furniture in the world. Pearl River delta area is most popular destination for furniture buyers followed by Yangtze River delta area, Bohai Sea surrounding area and northeast furniture zone. Different industrial cluster of China specialize in production, export and retail of different sorts of furniture. Example- Dayong and Guangdong are famous for its rosewood furniture production base. Demand for all sorts of furniture including home furniture, office furniture, hotel and guesthouse furniture and public institution furniture is rising which is met both from domestic production and imports.

Imports of furniture product in China in 2014:

(Source: Global Trade Atlas)

Sales and distribution channels

There were 3 conventional distribution channels of furniture and floor covering products in China: first, through distributers, second, by renting a shop and selling products themselves and third, by selling products in malls, furniture marts and sophisticated markets. Recently, sales of furniture and floor coverings products are done through various channels like Home furniture and homewares retailers; hypermarkets, supermarkets and hard-discounters; online; department stores; value, variety stores and general merchandise retailers; home improvement and gardening supplies retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; other specialist retailers. Home furniture and homeware retailers, department stores, hypermarkets, supermarkets, and hard discounters are the major sales channels for furniture and floor coverings.

Major macroeconomic trends of furniture and floor covering retail market of China

Both furniture and floor covering market has shown a remarkable growth and expansion in past few years and is expected to grow further despite of recent economic slowdown in China. Statistical evidence to support this growth is as follows:

• The retail marketof furniture and floor coverings is expected to experience annual growth of 13.09% over forecast period (2016-20).
• The market is anticipated to have a share of 3.3% in total retail sales by 2020.
• Per capita spending on furniture and floor coverings is expected to rise in forecast period.
• Market is expected to have Compound Annual Growth Rate (CAGR) of 12.5% over the next five years.
• Home furniture and homeware retailers contribute 76.4% of spending on furniture and floor coverings in 2015.
• The share on online spending on overall furniture and floor coverings is forecast to reach 11.9% by 2020.

Various factors responsible for outstanding growth and expansion of market are:

• Rising Gross Domestic Product (GDP) and growth rate
• Indicatorsof economic stability and prosperity like per capita GDP and per capita disposable income were rising in China. Chinese economy became world’s fastest growing economy in 2015.

Historical ranking by nominal GDP

(Source: The World Bank)

• Huge domestic demand

Tremendous domestic consumption demand is observed in China due to rising GDP. Other factors responsible for this rising demands are:

• Rising population

China is the most populous nation in the world and due to this huge population domestic demand is quite high. Thus, expenditure on floor coverings and furniture is also very high in domestic economy leading to expansion of the market.

• Urbanization

Again, due to rising GDP, standard of living of people is improving drastically. Real estate construction is undertaken to fulfill this demand for urban dwellings which is subsequently leading to rise in demand for furniture and floor coverings in China.

For more coverage click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/furniture-floor-coverings-retailing/29896-95.html

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Clothing and footwear is projected to grow at a CAGR of 23.93 and 26.92% respectively over the next five years in online spending.

China is the leading importer of footwear products.

Ken Research recently announced its latest publication titled “Clothing & Footwear Retailing in China-Market Summary & Forecasts” which discusses detailed analysis of clothing and footwear retailing, leading players, distribution channels and consumer trends and the report sheds light on how the existing players can use this information to capture major share in the market. Additionally, major trends, Challenges and opportunities have also been covered, describing the market penetration and future potential of each product segment.

In both the sectors; Clothing and footwear, no firm can dominate the market because the market is fragmented. Now a day’s competition is at its peak. There are so many retailers and also the online retailing has cut the shares of existing retailers. Online retailing is capturing the maximum market share. Economic growth of the nation leads to increase in disposable income of the Chinese, thereby increase in retail demand and also the changing lifestyles is the reason behind increase in retail demand.

Clothing market in China has bright future. This market is labor intensive and China has the advantage of cheap labor. Huge production is taking place and the clothing sector is creating huge employment opportunities adding to the growth of the country. Today’s generation is very particular about their clothing style and in addition to domestic brands; they demand for international brands too and spends major part of their earning in this sector. In china, per capita clothing consumption is projected to grow at a CAGR of 9.2% over the next five years.

China used to be an exporter of the footwear products but now the consumption base has widened and it captures the largest share of ‘the U.S’ imports. China had a share of 68.6% of ‘the U.S’ footwear imports in 2013  which is expected to increase up to 71% by 2018.Manufactures in other countries produce by keeping in mind the demands of the Chinese consumers because it is the leading importer. Chinese economy is in transition phase from manufacturing driven economy to consumption driven economy especially in footwear sector. Footwear market in China is dominated by women followed by men’s footwear and Kid’s footwear. There are various distribution channels to meet the growing demands of the large consumer base which involves online retailing, retailers, Malls, Supermarkets and hypermarkets.

Footwear enterprises achieved sales revenue of USD109.5 billion in 2014 and China produced 14.2 billion pair of foot wears. Leather shoes were in high demand and contributed 65% to the total sales revenue. Clothing production is more or less same in the last year.

From the business point of view, these two sectors seem lucrative but there are some challenges which every businessman has to face. The rising factor costs are a very big challenge in this price competitive market. To capture the large share of the market, manufacturers need to keep the price of their product as low as possible as if competitor’s price is lower than his price then he will lose all his market share. High cost of imported raw material is also adding fuel to the prices of the products. Also, the government’s concern towards environment and maintaining quality standards is increasing the cost of manufacturers.

Follow the link to access the table of content:

https://www.kenresearch.com/consumer-products-and-retail/textile-apparel-and-footwear/clothing-footwear-retailing/29894-95.html

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Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204