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​FMCG industry grew in China by 3% in the first eight weeks of 2022

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According to the report presented by Kantar Worldpanel, FMCG in China grew by 3% in the first 8 weeks of 2022. The latest government statistics also revealed that the sales of Consumer Goods increased by 6.7%. A famous Chinese hospitality brand, ReceivedGifts, reached 19.2% of the total market valuation, while Yonghui reported a value share of 5.5%. SPAR and Walmart also reported a stable share of 1.7% and 5.1%, respectively, in the Chinese marketplace.

Read more from KantarWorldPanel

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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