Billion-Dollar China Retail Market Analysis through 2023-2027 |Top Drivers and Trends Forecasts 

Product premiumization, the growing popularity of private-label brands, and value-added service are transforming the Retail market in China into a billion-dollar industry. It is estimated the market will grow at a CAGR of 8.64% between 2022 and 2027 followed by revenue growth of USD 1,207.55 Bn. The China Retail Market can be segmented by product (food and beverages, apparel and footwear, home improvement, consumer electronics and appliances, and beauty and personal care), and distribution channel (offline and online).

Technavio research projects the China Retail Market's growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.

China Retail Market Analysis 

Navigating through the Market Drivers of the China Retail Market In China: In China, Retailers are increasingly focusing on private-label products and the growing popularity of private-label brands is notably driving market growth.

As per Technavio's analyst, “Retailers are offering a variety of consumer goods under their private-label brands, to increase their profitability.”

Leading retailers are capitalizing on the rising customer demand by introducing a portfolio of packaged foods, drinks, and personal care items. Prices for private-label goods are cost-effective compared to branded goods Retailers, like supermarket chains, have started giving private-label products more shelf space followed by internal marketing and promotional campaigns. As a result, it is anticipated that private-label brand demand will rise, which will in turn support the expansion

Core Companies of the China Retail Market 

When it comes to major market players, names include Alibaba Group Holding Ltd., CK Hutchison Holdings Ltd., GOME Retail Holdings Ltd.,JD.com Inc., Lotte Corp., PetroChina Co. Ltd., Sun Art Retail Group Ltd., Vipshop Holdings Ltd., Walmart Inc., Yonghui Superstores Co. Ltd., Quanlian Industrial Co. Ltd., President Chain Store Corp., Pinduoduo Inc., etc which comes with wide variety of offerings.

Retail Brands like Beijing Dangdang Kewen Electronic Commerce Co. Ltd. - The company offers various products such as books, beauty and personal care, home, lifestyle, baby, children, and maternity products. The key offerings of the company include department stores, shopping malls, outlets, large stores, supermarkets, convenience stores, and specialty retail formats. Technavio's report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. Download our sample report for more insights.