We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

China's Grocery Market Surpasses $1 Trillion In Value

June 5, 2013: 12:00 AM EST
China's food and grocery market is currently valued at more than $1 trillion and is expected to grow as big as $1.5 trillion by 2016, according to market research firm IGD. Not surprisingly, the market has attracted the world's leading food and consumer goods companies, offering them long-term growth opportunities and possible returns that could compensate for weaknesses at home and other markets. Local hypermarket company Sun Art Retail Group is one of the retailers that have benefited from the market expansion. Other retailers, however, have found China a tough market. UK-based retailer Tesco, for example, reported its first-quarter sales had been adversely affected by bad news, including the bird flu crisis and food safety scandals.
Michelle Russell , "China grocery market "hits US$1 trillion" - but not everyone is thriving", just-food.com, June 05, 2013, © just-food.com
China Business
Focus Areas
Food Business
Market News
Comment & Opinion
Market News
Developed by Yuri Ingultsov Software Lab.