PROSPECTS AND OPPORTUNITIES
Strong growth forecast for convenience retailers in China over the next five years
Convenience retailers in China is expected to maintain robust current value and outlet growth over the next five years, as consumer demand for convenience favours retail outlets located near their homes and offices to purchase groceries. Growth will also be fuelled by changing consumer behaviours and supportive macroeconomic conditions.
Strategic expansion into lower-tier cities set to drive growth
As outlets and sales are reaching saturation in high-tier cities, convenience retailers are projected to focus on expanding into lower-tier cities and rural areas in China, tapping into new markets and fuelling overall growth over the next five years. Many lower-tier cities lack sufficient retail options, with small local grocers being the dominant choice; therefore offering an excellent opportunity for convenience retailers to fill the gap and provide essential goods and services to the local community.
Hours of operation and product portfolios likely to be extended
Most grocery retailers in China, such as supermarkets and hypermarkets, tend to close around 21.00-22.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in China?
- Which are the leading retailers in Convenience Retailers in China?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in China - Category analysis
KEY DATA FINDINGS
Rising sales for convenience retailers thanks to growth across China’s lower-tier cities
Adoption of artificial intelligence (AI) enhances operational efficiency and competitiveness
Leaders in convenience retailers sustain their dominance despite competitive pressures
Strong growth forecast for convenience retailers in China over the next five years
Strategic expansion into lower-tier cities set to drive growth
Hours of operation and product portfolios likely to be extended
Retail in China - Industry Overview
Retail in 2024: The big picture
Digital and social media initiatives drive retail growth
Shifts in retail channels favour value-based retail and online sales
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
618 Shopping Festival and Double 11 Shopping Festival
Shanghai May 5th Shopping Festival
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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