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Supermarkets in China Industry Data and Analysis
The Supermarkets industry in China is expected to grow at an annualized 0.4% over the five years through 2024, to total $150.6 billion. This includes a 1.0% jump in the current year. The main drivers of growth have been the improvement in consumer purchasing power, and the rising popularity for new retail formats like membership-based superstores, convenience stores, boutique supermarkets, etc.In the past decade, China's e-commerce has experienced rapid development. As of 2023, the number of online shopping users in China has reached 915.0 million, accounting for 83.8% of the total number of netizens. With the popularization of the Internet and the development of e-commerce, online shopping has become an indispensable part of people's daily life, which formed strong substitutes to physical supermarkets.The COVID-19 epidemic has further changed the consumption habits of Chinese residents. Lockdowns, travel restrictions, and declining consumer confidence caused a sharp decline in footfall in supermarkets, while online shopping has become an increasingly popular choice for more consumers. Industry revenue growth has been suppressed during the COVID-19 period.Affected by the rising of e-commerce, the number of physical supermarkets is falling. In the past five years to 2024, the number of enterprises and establishments are expected to decrease at an average rate of 0.9% and 2.8%, respectively. However, in contrast of shrinking numbers of traditional supermarkets, the outlets of warehouse-based and membership-based have increased rapidly, represented by Costco, Sam’s Club, Freshippo, etc.Total revenue for the Supermarkets industry in China is forecast to increase at an annualized 1.5% over the five years through 2029, to total $162.3 billion. Industry growth is anticipated to remain steady as the consumer demand continues to recover and the industry accelerates omnichannel transformation.
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What's included in this industry analysis
IBISWorld's research coverage on the Supermarkets industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Supermarkets industry in China operates under the industry code 6512. The Supermarket industry in China is part of China's retail trade sector. Supermarkets retail a broad range of food and daily goods. Most of the goods carried by supermarkets are purchased from domestic manufacturers. Operators, generally known as supermarkets or hypermarkets, then retail these goods to the general public. Related terms covered in the Supermarkets industry in China include hypermarkets, supermarkets and retail formats.
What's included in this industry?
Products and services covered in Supermarkets industry in China include Fresh produce, Food and Washing products and cosmetics.
What companies are included in this industry?
Companies covered in the Supermarkets industry in China include Walmart (China) Investment Co., Ltd., Yonghui Superstores Co., Ltd. and Sun Art Retail Group Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Supermarkets industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Supermarkets industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Supermarkets industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Supermarkets industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Supermarkets industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Supermarkets industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Supermarkets industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Supermarkets industry in China.
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Frequently Asked Questions
What is the market size of the Supermarkets industry in China in 2026?
The market size of the Supermarkets industry in China is $150.6bn in 2026.
How many businesses are there in the Supermarkets industry in China in 2025?
There are 4,987 businesses in the Supermarkets industry in China, which has declined at a CAGR of 0.9 % between 2020 and 2025.
How may import tariffs affect the Supermarkets industry in China?
The Supermarkets industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Supermarkets industry in China?
The Supermarkets industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Supermarkets industry in China grown or declined over the past 5 years?
The market size of the Supermarkets industry in China has been growing at a CAGR of 0.4 % between 2020 and 2025.
What is the forecast growth of the Supermarkets industry in China over the next 5 years?
Over the next five years, the Supermarkets industry in China is expected to grow.
What are the biggest companies in the Supermarkets industry in China?
The biggest companies operating in the Supermarkets industry in China are Walmart (China) Investment Co., Ltd., Yonghui Superstores Co., Ltd. and Sun Art Retail Group Ltd.
What does the Supermarkets industry in China include?
Fresh produce and Food are part of the Supermarkets industry in China.
Which companies have the highest market share in the Supermarkets industry in China?
The company holding the most market share in the Supermarkets industry in China is Walmart (China) Investment Co., Ltd..
How competitive is the Supermarkets industry in China?
The level of competition is high and steady in the Supermarkets industry in China.
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