Food and Grocery Retailing in China - Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

Food and Grocery Retailing in China - Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

Code: VR-RT0429SR | Published: May-2016 | Pages: 80 | Verdict Retail
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Food and grocery holds a significant portion (67% in 2015) of overall retail sales in China. Retailers foresee a healthy growth over the next few years, mainly driven by the growth of the affluent middle class and their improving living standards. The food and grocery retailing market in China is forecast to grow at a CAGR of 11.17%, to reach an estimated value of CNY25,982 billion in 2020. Online spend on food and grocery is projected to grow at a CAGR of 34.03% during 2015-2020.

Key Findings
- Food and grocery is expected to remain the largest in sales value terms during the forecast period, growing at a CAGR of 11.17%

- Despite sluggish economic conditions, retail sector registers a significant growth

- A rising middle class with increased disposable income and altering lifestyles are driving retail demand and retailers expansion plans in tier lll and tier lV cities will drive further growth

- Online platform will be a key channel for retailing over the next five years

- Food and grocery is dominated by local players in the country

- Online spend on food and grocery is projected to grow at a CAGR of 34.03% during 2015-2020

Synopsis
"Food and Grocery Retailing in China - Market Summary and Forecasts" is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020.

What else does this report offer?

- A thorough analysis of consumer trends changing economic and population factors

- 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

- Sales of food and grocery products through the following channels from 2010 to 2020: Hypermarkets, supermarkets and hard-discounters; food and drinks specialists; convenience stores (including Independents) and gas stations; cash and carries and warehouse clubs; other general and non-specialist direct retailers; value, variety stores and general merchandise retailers; online; drug stores and health and beauty stores; vending machines; duty free retailers; department stores; other specialist retailers

- An overview of key food and grocery retailers operating across China and their presence across distribution channels

Reasons To Buy
- Gain a comprehensive knowledge on food and grocery sector in the China retail market and develop a competitive advantage from the start of your supply chain

- Investigate current and forecast behaviour trends in food and grocery category to identify the best opportunities to exploit

- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior

- Understand the fastest growing categories including drinks, household products, packaged food, unpackaged food and tobacco in the market, with insights on performance across key channels from 2010, with forecasts until 2020

- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the food and grocery market

- Analysis of key international and domestic players operating in the food and grocery market - including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share

Table of Contents

1 Introduction
1.1 What is this Report About?
2 Executive Summary and Outlook
3 Market Context
3.1 A steady economy with major growth potential for retailers
3.1.1 Chinas economy is increasing despite a declining growth rate
3.1.2 Savings are always a top priority for Chinese
3.1.3 Employment shift from unskilled to skilled, rural to urban, manufacturing to service industries
3.1.4 Inflation rate remains as a major concern
3.1.5 Household consumption trebles driving spending power
3.2 Large population with growing prosperity makes China a big attraction for retail
4 Chinese Shoppers
4.1 From functional to emotional
4.2 More opportunity for niche brands and mass market retailers
4.3 Shopping - a leisure activity
4.4 Two major events drive retail spend in China
4.5 High adoption of smartphones and tablets for shopping
4.6 Counterfeiting forces consumers to trade up to premium for quality assurance
4.7 Tourism /travel increases awareness of international brands
4.7.1 China remains as the second largest Duty Free market in 2020
5 Doing business in China
5.1 Summary
5.2 Anti-corruption crackdown requires careful handling for foreign businesses
5.3 Complex licensing procedures a hindrance for foreign retailers
5.4 Favourable tax structure to encourage domestic and foreign investments
5.5 Impact of government regulations on the luxury market
6 Retail - Product Sectors
6.1 Product Sector Analysis
6.1.1 Food and Grocery
6.2 Food and Grocery Category Overview
6.2.1 Food and Grocery by Channel
6.2.2 Food and Grocery by Category
6.3 Food and Grocery Category Analysis
6.3.1 Drinks
6.3.2 Household Products
6.3.3 Packaged Food
6.3.4 Tobacco
6.3.5 Unpackaged Food
6.4 Major Retailers
6.4.1 Food and Grocery
7 Appendix
7.1 Definitions
7.1.1 This report provides 2015 actual sales; while forecasts are provided for 2016 - 2020
7.2 Summary Methodology
7.2.1 Overview
7.2.2 The triangulated market sizing method
7.2.3 Industry surveys in the creation of retail market data
7.2.4 Quality control and standardized processes
7.3 About Verdict Retail
7.4 Disclaimer

List of Tables


Table 1: Custom Duty Rates and Consumption Tax Rates of Luxury Goods
Table 2: China Food and Grocery Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 3: China Food and Grocery Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 4: China Food and Grocery Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 5: China Food and Grocery Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
Table 6: China Food and Grocery Retail Segmentation (% value), by Channel Group, 2010-2020
Table 7: China Food and Grocery Retail Sales (CNY bn), by Category 2010-2015
Table 8: China Food and Grocery Retail Sales Forecast (CNY bn), by Category 2015-2020
Table 9: China Food and Grocery Retail Sales (US$ mn), by Category, 2010-2015
Table 10: China Food and Grocery Retail Sales Forecast (CNY bn), by Category 2015-2020
Table 11: China Food and Grocery Retail Segmentation (% value), by Category, 2010-2020
Table 12: China Drinks Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 13: China Drinks Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 14: China Drinks Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 15: China Drinks Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
Table 16: China Drinks Retail Segmentation, by Channel Group, 2010-2020
Table 17: China Household Products Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 18: China Household Products Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 19: China Household Products Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 20: China Household Products Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
Table 21: China Household Products Retail Segmentation, by Channel Group, 2010-2020
Table 22: China Packaged Food Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 23: China Packaged Food Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 24: China Packaged Food Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 25: China Packaged Food Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
Table 26: China Packaged Food Retail Segmentation, by Channel Group, 2010-2020
Table 27: China Tobacco Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 28: China Tobacco Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 29: China Tobacco Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 30: China Tobacco Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
Table 31: China Tobacco Retail Segmentation, by Channel Group, 2010-2020
Table 32: China Unpackaged Food Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 33: China Unpackaged Food Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 34: China Unpackaged Food Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 35: China Unpackaged Food Retail Sales Forecast (US$ mn), by Channel, 2015-2020
Table 36: China Unpackaged Food Retail Segmentation, by Channel Group, 2010-2020
Table 37: Key Food and Grocery Retailers in China
Table 38: China Exchange Rate CNY-USD (Annual Average), 2010-2015
Table 39: China Exchange Rate CNY-USD (Annual Average), 2016-2020 Forecasts
Table 40: Verdict Retail Channel Definitions
Table 41: Verdict Retail Category Definitions

List of Figures


Figure 1: GDP Value (US$ Billion), 2010-2015
Figure 2: Growth Rate of GDP (%), 2010-2015
Figure 3: GDP Value and Growth (CNY billion, %), 2010-2015
Figure 4: Forecasts for GDP Value and Growth (CNY Billion, %) 2015-2020
Figure 5: Gross Domestic Savings Rate as Share of GDP (%), 2005-2015
Figure 6: Share of Employment by Sector (% of Total Labor Force), 2005 and 2015
Figure 7: Unemployment Rate (% of Total Labor Force), 2005-2015
Figure 8: Inflation Growth Rates (%), 2005-2015
Figure 9: Household Consumption Expenditure of China (CNY Billion), 2005-2015E
Figure 10: Household Consumption Expenditure of Major Countries (US$ Billion), 2015
Figure 11: Growth of Household Consumption Expenditure (%), 2005-2015
Figure 12: Rural and Urban Populations (millions) 2005, 2015 and 2020
Figure 13: Total Population and Growth Rate (Millions, %), 2005-2020
Figure 14: Population Split by Gender (%), 2015 and 2020
Figure 15: Population Split by Age Group (%), 2015 and 2020E
Figure 16: Per Capita Spend on Retail (CNY), 2005 and 2015
Figure 17: Per Capita Spend on Retail by Age Group (%), 2005 and 2015
Figure 18: The Changing Chinese Shopper
Figure 19: Chinese New Year sales 2011-2016
Figure 20: Single Day sales 2010-2015
Figure 21: Smartphone users and penetration in China 2014-2019e
Figure 22: Top 10 Tourist Destination for Chinese in 2015
Figure 23: Major Cities with High Spend on Retail
Figure 24: Top 10 Duty Free markets by value, 2015 and 2020 (US$ billion)
Figure 25: Key Components of Doing Business in China Matrix
Figure 26: Individual Income Tax and Enterprise Income Tax Rates in China
Figure 27: Key Market Entry Requirements for China 2015
Figure 28: Share of Food and Grocery in overall Retail 2015 and 2020
Figure 29: Retail Sales Value and Growth (CNY Billion, %) of Food and Grocery 2015-2020
Figure 30: Spend per Head on Food and Grocery 2015 and 2020
Figure 31: Online Spend in Food and Grocery 2015-2020
Figure 32: Online Share of total Food and Grocery Spend 2015 and 2020
Figure 33: Spending per Channel in Food and Grocery (%) 2015 and 2020
Figure 34: China Food and Grocery Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 35: China Food and Grocery Retail Market Dynamics, by Channel Group, 2010-2020
Figure 36: China Food and Grocery Retail Sales and Forecast (CNY bn), by Category 2010-2020
Figure 37: China Food and Grocery Retail Market Dynamics, by Category 2010-2020
Figure 38: China Drinks Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 39: China Household Products Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 40: China Packaged Food Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 41: China Tobacco Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 42: China Unpackaged Food Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 43: The Triangulated Market Sizing Methodology
China Resources Enterprise
Lianhua Supermarket Holdings
Family Mart
7-Eleven
Wumart
Wal-Mart ,Lawson
Yonghui
Sun Art Retail
Carrefour
Rainbow
Shanghai
Dangdang
Yihaodian

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