14 June 2019
China will overtake the US to become the world’s largest grocery market by 2023 in value terms, according to the latest forecasts from international researcher IGD Asia . The country’s total market size will reach CNY11.0tn (US$1.8tn), more than Asia’s next four largest grocery markets (India, Japan, Indonesia and South Korea) combined.
Nick Miles, Head of Asia-Pacific at IGD, says : ...