Food and Grocery Retailing Market in China Is Forecast to Grow at a CAGR of 11.17%, to Reach an Estimated Value of CNY 25,982 Billion in 2020
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...
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