China Grocery Market Forecast 2024-2028: Key Player Insights

The report, “China Grocery Market with Focus on Fresh Segment (Type, Channel, & Product): Insights & Forecast (2024-2028),” is now available on ResearchAndMarkets.com.

Market Overview
China’s fresh grocery market is projected to reach $1.12 trillion by 2028, growing at a CAGR of 4.76% from 2024 to 2028. This growth is driven by factors such as an aging population, rising disposable income, increasing demand for organic products, and e-commerce expansion. However, challenges like regulatory constraints, logistical issues, and high wastage and low profit margins may temper growth.

The grocery market in China is divided into the fresh grocery and fast-moving consumer goods (FMCG) segments, with fresh grocery holding the majority share in 2023. The market channels include brick-and-mortar stores and online platforms, with physical stores leading, followed by online sales.

The brick-and-mortar segment is further divided into modern, traditional, and other retail formats. In the online segment, traditional e-commerce, on-demand, and community group purchase options cater to various customer needs.

The fresh grocery market includes dairy products & eggs, fresh vegetables, fresh fruits, fresh meat, fish, and seafood, with dairy products & eggs representing the largest segment in 2023.

Market Dynamics
The report details growth drivers such as expansion in lower-tier cities and shifts in lifestyle and dietary habits. Challenges like regulatory tightening and logistics issues are also addressed. Trends in digitalization, cold chain logistics, and innovative foodservice models are highlighted.

Competitive Landscape
The report provides a competitive analysis of key players in China’s grocery market, including Walmart Inc., JD.com, Alibaba Group, Sun Art Retail, Yonghui Superstores, and China Resources Holdings.

For more information, visit ResearchAndMarkets.com.

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