China Retail Market Size by Sector and Channel Including Online Retail, Key Players and Forecast to 2027
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China Retail Market Report Overview
The China retail market size was CNY 37.5 trillion in 2022. The market is expected to grow at a CAGR of more than 7% during 2022-2027. The China retail market research report provides both historic and forecast market data for total retail sales in China.
China Retail Market Outlook 2022 – 2027 (CNY Trillion)
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It illustrates the data with charts, graphs, and tables, summarizing the value trends, with individual sector details in overall retail. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.
Market Size (2022) | CNY 37.5 trillion |
CAGR (2022-2027) | >7% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Sectors | · Food & Grocery
· Clothing & Footwear · Home · Electricals · Health & Beauty |
Key Distribution Channels | · Convenience Stores (Including Independents) and Gas Stations
· Online · Hypermarkets, Supermarkets & Hard Discounters · Food and Drinks Specialists · Clothing, Footwear, and Accessories Specialists · Drug Stores and Health & Beauty Stores · Home Improvement and Gardening Supplies Specialists · Other Specialist Retail |
Leading Retailers | · JD.Com
· Alibaba · uSmile · RT Mart · Samsung · Mi · GuoDa Drugstore · Vip.com · IKEA |
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China Retail Market Segmentation by Sectors
The key sectors in the China retail market are food & grocery, clothing & footwear, home, electricals, health & beauty, among others. Food & grocery had the highest value share in 2022. Clothing & footwear is anticipated to have the highest growth rate during the forecast period.
China Retail Market Analysis by Sectors, 2022 (%)
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China Retail Market Segmentation by Distribution Channels
Some of the key distribution channels in the China retail market are convenience stores (including independents) and gas stations, online, hypermarkets, supermarkets & hard discounters, food and drinks specialists, clothing, footwear, and accessories specialists, drug stores and health & beauty stores, home improvement and gardening supplies specialists, and other specialist retail. Convenience stores (including independents) and gas stations had the highest value share in 2022.
China Retail Market Analysis by Distribution Channels, 2022 (%)
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China Retail Market - Competitive Landscape
Some of the leading retailers in the Chinese retail market are JD. Com, Alibaba, uSmile, RT Mart, Samsung, Mi, GuoDa Drugstore, Vip.com, and IKEA.
China Retail Market Analysis by Retailers, 2022
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Segments Covered in the Report
China Retail Market Sectors Outlook (Value, CNY Trillion, 2017-2027)
- Food & Grocery
- Clothing & Footwear
- Home
- Electricals
- Health & Beauty
China Retail Market Distribution Channels Outlook (Value, CNY Trillion, 2017-2027)
- Convenience Stores (Including Independents) and Gas Stations
- Online
- Hypermarkets, Supermarkets & Hard Discounters
- Food and Drinks Specialists
- Clothing, Footwear, and Accessories Specialists
- Drug Stores and Health & Beauty Stores
- Home Improvement and Gardening Supplies Specialists
- Other Specialist Retail
Key Highlights
• Retail in China to grow at 7.7% CAGR over 2022-2027 driven by inflation and economic recovery
• Online electricals sales share of China is expected to reach 64.1% in 2027, the highest among all sectors
• Home sector sales to grow by CYN4.6tn by 2027
Reasons to Buy
- Gain a comprehensive view of the China retail industry and forecasts to 2027
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market in China
- Investigate current and forecast trends in the Chinese retail sectors to identify the opportunities offering the most potential
- Understand who the main competitors are in the sectors and their price positioning
Alibaba
uSmile
Yonghui Superstores Group
Samsung
Mi
GuoDa Drugstore
Guangdong Dashenlin
IKEA
Mercury
Table of Contents
Frequently asked questions
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What was the China retail market size in 2022?
The retail market size in China was CNY 37.5 trillion in 2022.
-
What is the China retail market growth rate?
The retail market in China is expected to grow at a CAGR of more than 7% during 2022-2027.
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Which was the leading sector in the China retail market in 2022?
Food & grocery was the leading sector in the Chinese retail market in 2022.
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Which was the leading distribution channel in the Chinese retail market in 2022?
Convenience stores (including independents) and gas stations was the leading distribution channel in the China retail market in 2022.
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Which are the leading retailers in the China retail market?
Some of the leading retailers in the Chinese retail market are JD.Com, Alibaba, uSmile, RT Mart, Samsung, Mi, GuoDa Drugstore, Vip.com, and IKEA.
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