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Retail Market in China 2024-2028

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    Report

  • 144 Pages
  • June 2024
  • Region: China
  • TechNavio
  • ID: 5237605
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The retail market in China is forecasted to grow by USD 1.19 trillion during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the retail market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by premiumization of products, growing popularity of private-label brands, and value-added service.

The retail market in China is segmented as below:

By Product

  • Food and beverages
  • Apparel and footwear
  • Home improvement
  • Consumer electronics and appliances
  • Beauty and personal care

By Distribution Channel

  • Offline
  • Online

By Geographical Landscape

  • APAC
This study identifies the online and omni-channel trade as one of the prime reasons driving the retail market in China growth during the next few years. Also, expansion of fast fashion firms and innovation in in-store retailing will lead to sizable demand in the market.

The report on the retail market in China covers the following areas:

  • Retail market in China sizing
  • Retail market in China forecast
  • Retail market in China industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market in China vendors that include Alibaba Group Holding Ltd., Bailian Group, Beijing Dangdang Kewen Electronic Commerce Co. Ltd., China Resources Enterprise Ltd., CK Hutchison Holdings Ltd., DFI Retail Group., E Mart Co. Ltd., GOME Retail Holdings Ltd., JD.com Inc., Lotte Corp., PetroChina Co. Ltd., Pinduoduo Inc., President Chain Store Corp., Quanlian Industrial Co. Ltd., Sun ART Retail Group Ltd., Suning.com Co. Ltd., Vipshop Holdings Ltd., Walmart Inc., and Yonghui Superstores Co. Ltd. Also, the retail market in China analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ billion)
Data Table on China - Market size and forecast 2023-2028 ($ billion)
Chart on China: Year-over-year growth 2023-2028 (%)
Data Table on China: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Retail Market in China 2018 - 2022
Historic Market Size - Data Table on Retail Market in China 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Distribution Channel segment analysis 2018 - 2022
Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Food and beverages - Market size and forecast 2023-2028
Chart on Food and beverages - Market size and forecast 2023-2028 ($ billion)
Data Table on Food and beverages - Market size and forecast 2023-2028 ($ billion)
Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
6.4 Apparel and footwear - Market size and forecast 2023-2028
Chart on Apparel and footwear - Market size and forecast 2023-2028 ($ billion)
Data Table on Apparel and footwear - Market size and forecast 2023-2028 ($ billion)
Chart on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Data Table on Apparel and footwear - Year-over-year growth 2023-2028 (%)
6.5 Home improvement - Market size and forecast 2023-2028
Chart on Home improvement - Market size and forecast 2023-2028 ($ billion)
Data Table on Home improvement - Market size and forecast 2023-2028 ($ billion)
Chart on Home improvement - Year-over-year growth 2023-2028 (%)
Data Table on Home improvement - Year-over-year growth 2023-2028 (%)
6.6 Consumer electronics and appliances - Market size and forecast 2023-2028
Chart on Consumer electronics and appliances - Market size and forecast 2023-2028 ($ billion)
Data Table on Consumer electronics and appliances - Market size and forecast 2023-2028 ($ billion)
Chart on Consumer electronics and appliances - Year-over-year growth 2023-2028 (%)
Data Table on Consumer electronics and appliances - Year-over-year growth 2023-2028 (%)
6.7 Beauty and personal care - Market size and forecast 2023-2028
Chart on Beauty and personal care - Market size and forecast 2023-2028 ($ billion)
Data Table on Beauty and personal care - Market size and forecast 2023-2028 ($ billion)
Chart on Beauty and personal care - Year-over-year growth 2023-2028 (%)
Data Table on Beauty and personal care - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by Distribution Channel
7.1 Market segments
Chart on Distribution Channel - Market share 2023-2028 (%)
Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Chart on Offline - Year-over-year growth 2023-2028 (%)
Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
Chart on Online - Market size and forecast 2023-2028 ($ billion)
Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Chart on Online - Year-over-year growth 2023-2028 (%)
Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ billion)
Data Table on Market opportunity by Distribution Channel ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd. - Overview
Alibaba Group Holding Ltd. - Business segments
Alibaba Group Holding Ltd. - Key news
Alibaba Group Holding Ltd. - Key offerings
Alibaba Group Holding Ltd. - Segment focus
11.4 Bailian Group
Bailian Group - Overview
Bailian Group - Product / Service
Bailian Group - Key offerings
11.5 Beijing Dangdang Kewen Electronic Commerce Co. Ltd.
Beijing Dangdang Kewen Electronic Commerce Co. Ltd. - Overview
Beijing Dangdang Kewen Electronic Commerce Co. Ltd. - Product / Service
Beijing Dangdang Kewen Electronic Commerce Co. Ltd. - Key offerings
11.6 CK Hutchison Holdings Ltd.
CK Hutchison Holdings Ltd. - Overview
CK Hutchison Holdings Ltd. - Business segments
CK Hutchison Holdings Ltd. - Key news
CK Hutchison Holdings Ltd. - Key offerings
CK Hutchison Holdings Ltd. - Segment focus
11.7 E Mart Co. Ltd.
E Mart Co. Ltd. - Overview
E Mart Co. Ltd. - Product / Service
E Mart Co. Ltd. - Key offerings
11.8 GOME Retail Holdings Ltd.
GOME Retail Holdings Ltd. - Overview
GOME Retail Holdings Ltd. - Product / Service
GOME Retail Holdings Ltd. - Key offerings
11.9 JD.com Inc.
JD.com Inc. - Overview
JD.com Inc. - Business segments
JD.com Inc. - Key offerings
JD.com Inc. - Segment focus
11.10 Lotte Corp.
Lotte Corp. - Overview
Lotte Corp. - Product / Service
Lotte Corp. - Key offerings
11.11 PetroChina Co. Ltd.
PetroChina Co. Ltd. - Overview
PetroChina Co. Ltd. - Business segments
PetroChina Co. Ltd. - Key offerings
PetroChina Co. Ltd. - Segment focus
11.12 Pinduoduo Inc.
Pinduoduo Inc. - Overview
Pinduoduo Inc. - Product / Service
Pinduoduo Inc. - Key offerings
11.13 Quanlian Industrial Co. Ltd.
Quanlian Industrial Co. Ltd. - Overview
Quanlian Industrial Co. Ltd. - Product / Service
Quanlian Industrial Co. Ltd. - Key offerings
11.14 Sun Art Retail Group Ltd.
Sun Art Retail Group Ltd. - Overview
Sun Art Retail Group Ltd. - Product / Service
Sun Art Retail Group Ltd. - Key offerings
11.15 Vipshop Holdings Ltd.
Vipshop Holdings Ltd. - Overview
Vipshop Holdings Ltd. - Business segments
Vipshop Holdings Ltd. - Key offerings
Vipshop Holdings Ltd. - Segment focus
11.16 Walmart Inc.
Walmart Inc. - Overview
Walmart Inc. - Business segments
Walmart Inc. - Key news
Walmart Inc. - Key offerings
Walmart Inc. - Segment focus
11.17 Yonghui Superstores Co. Ltd.
Yonghui Superstores Co. Ltd. - Overview
Yonghui Superstores Co. Ltd. - Product / Service
Yonghui Superstores Co. Ltd. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Chart on China: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on China: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Retail Market in China 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Product - Market share 2023-2028 (%)
Exhibits 28: Data Table on Product - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Product
Exhibits 30: Data Table on Comparison by Product
Exhibits 31: Chart on Food and beverages - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Apparel and footwear - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on Apparel and footwear - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Home improvement - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Data Table on Home improvement - Market size and forecast 2023-2028 ($ billion)
Exhibits 41: Chart on Home improvement - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Home improvement - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Consumer electronics and appliances - Market size and forecast 2023-2028 ($ billion)
Exhibits 44: Data Table on Consumer electronics and appliances - Market size and forecast 2023-2028 ($ billion)
Exhibits 45: Chart on Consumer electronics and appliances - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Consumer electronics and appliances - Year-over-year growth 2023-2028 (%)
Exhibits 47: Chart on Beauty and personal care - Market size and forecast 2023-2028 ($ billion)
Exhibits 48: Data Table on Beauty and personal care - Market size and forecast 2023-2028 ($ billion)
Exhibits 49: Chart on Beauty and personal care - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Beauty and personal care - Year-over-year growth 2023-2028 (%)
Exhibits 51: Market opportunity by Product ($ billion)
Exhibits 52: Data Table on Market opportunity by Product ($ billion)
Exhibits 53: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 54: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 55: Chart on Comparison by Distribution Channel
Exhibits 56: Data Table on Comparison by Distribution Channel
Exhibits 57: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibits 59: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Online - Market size and forecast 2023-2028 ($ billion)
Exhibits 62: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Exhibits 63: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 65: Market opportunity by Distribution Channel ($ billion)
Exhibits 66: Data Table on Market opportunity by Distribution Channel ($ billion)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2023 and 2028
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Matrix on companies position and classification
Exhibits 74: Alibaba Group Holding Ltd. - Overview
Exhibits 75: Alibaba Group Holding Ltd. - Business segments
Exhibits 76: Alibaba Group Holding Ltd. - Key news
Exhibits 77: Alibaba Group Holding Ltd. - Key offerings
Exhibits 78: Alibaba Group Holding Ltd. - Segment focus
Exhibits 79: Bailian Group - Overview
Exhibits 80: Bailian Group - Product / Service
Exhibits 81: Bailian Group - Key offerings
Exhibits 82: Beijing Dangdang Kewen Electronic Commerce Co. Ltd. - Overview
Exhibits 83: Beijing Dangdang Kewen Electronic Commerce Co. Ltd. - Product / Service
Exhibits 84: Beijing Dangdang Kewen Electronic Commerce Co. Ltd. - Key offerings
Exhibits 85: CK Hutchison Holdings Ltd. - Overview
Exhibits 86: CK Hutchison Holdings Ltd. - Business segments
Exhibits 87: CK Hutchison Holdings Ltd. - Key news
Exhibits 88: CK Hutchison Holdings Ltd. - Key offerings
Exhibits 89: CK Hutchison Holdings Ltd. - Segment focus
Exhibits 90: E Mart Co. Ltd. - Overview
Exhibits 91: E Mart Co. Ltd. - Product / Service
Exhibits 92: E Mart Co. Ltd. - Key offerings
Exhibits 93: GOME Retail Holdings Ltd. - Overview
Exhibits 94: GOME Retail Holdings Ltd. - Product / Service
Exhibits 95: GOME Retail Holdings Ltd. - Key offerings
Exhibits 96: JD.com Inc. - Overview
Exhibits 97: JD.com Inc. - Business segments
Exhibits 98: JD.com Inc. - Key offerings
Exhibits 99: JD.com Inc. - Segment focus
Exhibits 100: Lotte Corp. - Overview
Exhibits 101: Lotte Corp. - Product / Service
Exhibits 102: Lotte Corp. - Key offerings
Exhibits 103: PetroChina Co. Ltd. - Overview
Exhibits 104: PetroChina Co. Ltd. - Business segments
Exhibits 105: PetroChina Co. Ltd. - Key offerings
Exhibits 106: PetroChina Co. Ltd. - Segment focus
Exhibits 107: Pinduoduo Inc. - Overview
Exhibits 108: Pinduoduo Inc. - Product / Service
Exhibits 109: Pinduoduo Inc. - Key offerings
Exhibits 110: Quanlian Industrial Co. Ltd. - Overview
Exhibits 111: Quanlian Industrial Co. Ltd. - Product / Service
Exhibits 112: Quanlian Industrial Co. Ltd. - Key offerings
Exhibits 113: Sun Art Retail Group Ltd. - Overview
Exhibits 114: Sun Art Retail Group Ltd. - Product / Service
Exhibits 115: Sun Art Retail Group Ltd. - Key offerings
Exhibits 116: Vipshop Holdings Ltd. - Overview
Exhibits 117: Vipshop Holdings Ltd. - Business segments
Exhibits 118: Vipshop Holdings Ltd. - Key offerings
Exhibits 119: Vipshop Holdings Ltd. - Segment focus
Exhibits 120: Walmart Inc. - Overview
Exhibits 121: Walmart Inc. - Business segments
Exhibits 122: Walmart Inc. - Key news
Exhibits 123: Walmart Inc. - Key offerings
Exhibits 124: Walmart Inc. - Segment focus
Exhibits 125: Yonghui Superstores Co. Ltd. - Overview
Exhibits 126: Yonghui Superstores Co. Ltd. - Product / Service
Exhibits 127: Yonghui Superstores Co. Ltd. - Key offerings
Exhibits 128: Inclusions checklist
Exhibits 129: Exclusions checklist
Exhibits 130: Currency conversion rates for US$
Exhibits 131: Research methodology
Exhibits 132: Information sources
Exhibits 133: Data validation
Exhibits 134: Validation techniques employed for market sizing
Exhibits 135: Data synthesis
Exhibits 136: 360 degree market analysis
Exhibits 137: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global retail market in china: Alibaba Group Holding Ltd., Bailian Group, Beijing Dangdang Kewen Electronic Commerce Co. Ltd., China Resources Enterprise Ltd., CK Hutchison Holdings Ltd., DFI Retail Group., E Mart Co. Ltd., GOME Retail Holdings Ltd., JD.com Inc., Lotte Corp., PetroChina Co. Ltd., Pinduoduo Inc., President Chain Store Corp., Quanlian Industrial Co. Ltd., Sun Art Retail Group Ltd., Suning.com Co. Ltd., Vipshop Holdings Ltd., Walmart Inc., and Yonghui Superstores Co. Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is online and omni-channel trade."

According to the report, one of the major drivers for this market is the premiumization of products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alibaba Group Holding Ltd.
  • Bailian Group
  • Beijing Dangdang Kewen Electronic Commerce Co. Ltd.
  • China Resources Enterprise Ltd.
  • CK Hutchison Holdings Ltd.
  • DFI Retail Group.
  • E Mart Co. Ltd.
  • GOME Retail Holdings Ltd.
  • JD.com Inc.
  • Lotte Corp.
  • PetroChina Co. Ltd.
  • Pinduoduo Inc.
  • President Chain Store Corp.
  • Quanlian Industrial Co. Ltd.
  • Sun Art Retail Group Ltd.
  • Suning.com Co. Ltd.
  • Vipshop Holdings Ltd.
  • Walmart Inc.
  • Yonghui Superstores Co. Ltd.