Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The "China Online Grocery Market, by Segments (Packaged Food, Dairy, Sweet Biscuits, Snack Bars and Fruit Snacks, and Soup), by Channel, Company Analysis & Forecast" report has been added to ResearchAndMarkets.com's offering.
China Online Grocery Market will be US$ 219 Billion by the end of the year 2026.
China is one of the largest e-grocery markets in the world and is poised for explosive growth in the future too. With a population of 1.4 Billion, the potential value growth in the Chinese online grocery market is phenomenal. COVID-19 pandemic has boosted the online groceries market in China, with demand for home fulfilment soaring to record high. China's two largest e-commerce companies Alibaba's Tmall and JD.com, have a strong position in online grocery. Walmart via JD.com and Sun Art Retail are other key online grocery retailers in China.
Factors Driving the Online Grocery Market in China
The rapid urbanization, rising income, food safety, and healthy diet leads to the growth of the packaged food market in China. Usage of Internet and smartphone is also growing across China, which is driving the online grocery segment. China's demographics are changing too - there is growth in the number of the younger population.
The carbohydrates rich food such as rice, pasta, and noodles; confectionery, savoury snacks, baked goods, sweet biscuits are more consumed by younger generations as-well-as middle-income group peoples for changing the taste of tongue which drives the market growth. As the Chinese people are more alert towards their health; thus, they consume more protein-rich foods such as processed fruit and vegetables; processed meat and seafood etc.
Changing Trends of China Online Grocery Industry
The smartphones are the top leading purchasing channel compared to a personal computer for ordering groceries in the Chinese economy. The Chinese brick-and-mortar retailers are shifting towards online channel after the outbreak of Covid-19 through online players, delivery partners, technology companies and payment solution providers. During the coronavirus period, the sales of grocery items through online mode have drastically surged as these are count as essential foods for surviving.
Key Topics Covered:
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
5. China Online Grocery Market
6. Market Share - China Online Grocery
6.1 By Categories
6.2 By Channel
7. Market Categories - China Online Grocery
7.1 Packaged Food
7.2 Rice, Pasta and Noodles
7.3 Baby Food
7.6 Savoury Snacks
7.7 Baked Goods
7.8 Edible Oils
7.9 Sweet Biscuits, Snack Bars and Fruit Snacks
7.10 Processed Meat and Seafood
7.11 Breakfast Cereals
7.12 Processed Fruit and Vegetables
7.14 Ready Meals
7.15 Ice Cream and Frozen Desserts
8. Market by Channel - China Online Grocery
8.2 Personal Computer (PC)
9. Company Analysis
9.1.2 Recent Developments
9.3 Tencent Holdings Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/gdltqj
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900