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By CIW Staff
China’s grocery consumption retail market is estimated to achieve 5469.7 billion yuan in 2021 and exceed 6817.3 billion yuan by 2025.
Grocery Consumption by Classes
Grocery retail market
On-line contributed to 14.6% of the whole grocery retail market in China in 2020 from 8.8% in 2019.
China grocery e-commerce market is estimated to exceed 1.2 trillion yuan (US$187 billion) by 2023 from 458.5 billion yuan (US$72 billion) in 2020.
China’s grocery B2C e-commerce transactions totaled 544.94 billion yuan in 2019 and are estimated to exceed 1.38 trillion yuan by 2022 in line with Evaluation.
74.8% of the market is dominated by mainstream e-commerce platforms akin to Taobao, JD, Pinduoduo whereas the grocery vertical e-commerce platforms have a 25.2% market share.
Grocery e-commerce’s penetration amongst China’s web customers has grown from 2% in 2017 to 4.2% in 2019.
The variety of grocery e-commerce customers reached 47.46 million in Q1 2020, in contrast with 42….
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