China grocery market worth US$1.5 trillion in 2016, says IDG
date:Jun 06, 2013
h just over US$3tn in total.

For food and consumer goods companies, the Asia-Pacific and Latin American grocery markets offer long-term growth opportunities, with many businesses already profiting from entering them, said Joanne Denney-Finch, chief executive, IGD. The Chinese grocery market, in particular, has been growing at a rapid pace for several years.

Representing one fifth (20%) of the worlds population, China has had a surge in the number of higher-income earners, benefiting from a sig
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