PUBLISHER: Koncept Analytics | PRODUCT CODE: 1341272
PUBLISHER: Koncept Analytics | PRODUCT CODE: 1341272
The China fresh grocery market is forecasted to reach US$2.12 trillion in 2027, experiencing growth at a CAGR of 5.06% during the period spanning from 2023 to 2027. Growth in the China fresh grocery market was supported by factors such as aging population, rising disposable income, growth in organic food market and rising adoption of e-commerce. However, the market growth is expected to be restrained by regulatory tightening, infrastructural & logistic challenges and high wastage & low profit margins.
The China grocery market by type can be segmented as follows: fresh grocery market and fast moving consumer goods (FMCG). In 2022, the dominant share of China grocery market was held by fresh grocery, followed by FMCG. The China grocery market by channel can be segmented as follows: brick and mortar and online channel. The largest share of the market was being held by brick and mortar, followed by online channel. The China brick & mortar store grocery market can be further segmented as follows: modern retailing, traditional retailing and other, whereas online grocery market can be further segmented as follows: traditional e-commerce, on-demand and community group purchase.
The China fresh grocery market by product can be segmented as follows: dairy products & eggs, fresh vegetables, fresh fruits, fresh meat, fresh fish and fresh seafood. In 2022, the dominant share of market was being held by dairy products & eggs, followed by fresh vegetables and fresh fruits. Factors such as expansion in lower tier cities and changing lifestyle and dietary patterns helped in boosting market growth.
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