Retail Market in China to Grow by USD 1.42 Trillion from 2025-2029, Driven by Premiumization of Products, Report on Market Evolution Powered by AI – Technavio

NEW YORK, Feb. 13, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The retail market in China and it is set to grow by USD 1.42 trillion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of almost 8.8% during the forecast period, according to Technavio. The retail market in China is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  AS Watson Group, Alibaba Group Holding Ltd., Bailian Group, Beijing Dangdang Kewen Electronic Commerce Co. Ltd., China Resources Enterprise Ltd., DFI Retail Group., E Mart Co. Ltd., GOME Retail Holdings Ltd., JD.com Inc., Lotte Corp., PDD Holdings Inc., PetroChina Co. Ltd., 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. Are some of the major market participants -. To know about the vendor offerings – Request a sample report

Retail Market in China 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The retail market in china report covers the following areas:

• Retail Market in China Size
• Retail Market in China Trends
• Retail Market in China Industry Analysis
• Porter’s Five Forces Analysis
• Customer Landscape

The retail market in China is fragmented, and the degree of fragmentation will accelerate. The premiumization of products will offer immense growth opportunities. However, the Rampant counterfeiting in premium segment will hamper the market growth

Retail Market in China 2025-2029: Drivers & Challenges

The Retail Market in China is thriving, driven by several key factors. Customer service interactions and promotional activities are important for both brick-and-mortar stores and online platforms to attract Final Consumers. Branding activities help manufacturers stand out in a crowded market. Social media and discount offers are effective marketing tools. Television commercials and Internet Giants continue to influence consumer spending. Disposable incomes and consumer spending are on the rise, boosting sales of goods and services for personal and household use. Online shopping, driven by smartphone penetration and mobile-first sites, dominates the Retail e-commerce market. Fresh groceries sales, IoT, and Augmented Reality are emerging trends. E-commerce channel sells bulk goods to wholesalers and individual consumers. Clothing, footwear, jewelry, electronics, home appliances, and beauty products are popular categories. Customer support is crucial for retailers to retain customers.

The Chinese retail market presents significant opportunities for toys, stationery, pet supplies, convenience, and accessibility sectors. Challenges include implementing personalized services, return and exchange policies, and adapting to economic growth and social trends. Global retailers and online platforms are key players, offering diverse product ranges and convenient online purchases. Smartphones and tablets facilitate digital device usage for shopping. Specialty stores, shopping malls, and convenience stores cater to various consumer needs. Virtual reality, immersive shopping experiences, and artificial intelligence are transforming retail, with consumer data driving personalized recommendations and customer service interactions. Promotional activities and branding efforts engage customers, while product manufacturers and social media platforms collaborate to boost sales. Employment opportunities in retail continue to grow, with jobs in e-commerce and customer service sectors on the rise.

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This retail market in China report extensively covers market segmentation by  

• Product
• Food And Beverages
• Apparel And Footwear
• Home Improvement
• Consumer Electronics And Appliances
• Beauty And Personal Care
• Distribution Channel
• Offline
• Online
• Geography
• APAC

1.1 Food and beverages-  The retail market in China continues to grow, with sales reaching over USD5 trillion in 2020. E-commerce is a significant sector, accounting for over 20% of total retail sales. Consumers prefer online shopping due to convenience and competitive prices. Traditional brick-and-mortar stores also remain popular, particularly in tier 1 and 2 cities. Cross-border e-commerce is expanding, attracting foreign brands to enter the Chinese market. Government policies support the retail industry’s growth, including tax reductions and subsidies for small businesses.

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Retail Market in China 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist retail market in China growth during the next five years
• Estimation of the retail market in China size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the retail market in China across China
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of retail market in China vendors

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SOURCE Technavio