China Small Local Grocers Market - Outlet Numbers Continue to Decline and Pre-pandemic Level of Sales not Achieved

DUBLIN, March 22, 2024 /PRNewswire/ -- The "Small Local Grocers in China" report has been added to ResearchAndMarkets.com's offering.

Small local grocers in China includes a broad range of outlet types, from mom-and-pop stores to wet markets. After a year of significant decline in 2022, small local grocers returned to growth in 2023. This was mainly due to the end of COVID-19 restrictions. Most small local grocers are located in residential areas, which benefited from the return of consumer foot traffic. Small local grocers in rural areas drove growth, due to the lack of chained operators in rural areas.

The Small Local Grocers 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 Small Local Grocers in China?
• Which are the leading retailers in Small Local Grocers 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?

The Small Local Grocers in China report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers.

There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; home-shopping; internet retailing; direct selling, as available.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Key Topics Covered:

SMALL LOCAL GROCERS IN CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

• Small local grocers returns to growth as the pandemic ends
• Outlet numbers continue to decline, and pre-pandemic level of sales not achieved
• Small local grocers remains a highly fragmented channel

PROSPECTS AND OPPORTUNITIES

• Small local grocers set to see value growth
• Challenges to growth as younger generations prefer modern grocery retailers
• More players will leverage digital tools to get ahead

CHANNEL DATA

RETAIL IN CHINA

EXECUTIVE SUMMARY

• Retail in 2023: The big picture
• Boosting consumption remains a major challenge
• No clear boundary between online retailers and offline retailers
• What next for retail?

OPERATING ENVIRONMENT

• Informal retail
• Opening hours for physical retail
• Summary 1 Standard Opening Hours by Channel Type 2023
• Seasonality
• 618 Shopping Festival and Double 11 Shopping Festival
• Shanghai May 5th Shopping Festival

MARKET DATA

For more information about this report visit https://www.researchandmarkets.com/r/4vdtba

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SOURCE Research and Markets