Consumer goods companies that introduce innovative products to the China market can unlock untapped growth potential. Read more. Read more. Policymakers seek to hold producers responsible for waste. Subscribe! The policy landscape focused on end-of-life needs for products picked up in 2019. By Jason Zhang Gone are the days when product adaptation was sufficient to meet the needs of Chinese consumers. Log in. This is how the world is searching. 0. Sign up for our Free Trend … In this report, we identify five forces and 10 trends that will help reshape the future of retail in the year ahead. Based on the impact of severe acute respiratory syndrome on China’s retail market in 2003, it’s estimated that total retail sales in the first quarter of 2020 may drop around 5 per cent. From KFC going meatless to Tesla getting into podcasting, the latest desires of the Chinese consumer are driving a number of interesting new trends in 2o2o. Uptake of vegan choices and lifestyles are rising quickly, especially with increasing concern around the climate. The 2020 Global Consumer Insights Survey China report titled Recover, restart and regrow: How consumer trends ignite transformation in China’s new retail is based on the survey results of Chinese urban consumers and our in-house market intelligence and perspectives. A big step forwards in online shopping habits COVID-19 broke out during Chinese New Year, when most shops were closed, and people immediately turned to online shopping to stockpile essentials. By Chuck Chiang | May 22, 2020, 6:00am With the Chinese economy now reopened – in some places almost fully - … In 2020, evolving consumer preferences, shifting retail models and improved technical capabilities will drive change in global retailing. Total retail sales of consumer goods in China in 2019 will exceed RMB40 trillion ($5.8 trillion), and the country will surpass the United States to become the world's largest consumer market. We'll assume you're ok with this, but you can opt-out if you wish. Consumer Snacking Trends - China - January 2020 Doc Print *Contents; Overview; Table of Contents. What will drive that consumption growth? And, in order to crack the code, it is critical to survey the landscape and evaluate what is working. Don’t miss this opportunity to stay one step ahead. Alibaba's e-commerce arm Tmall has revealed seven trends in China's F&B consumer market, including small packs, diet replacements, low-sugar, international, Internet sensation, inter-industry cooperation, and cultural element revival. Some, though not all, of the current trends are related to this epidemic. The day saw an increase in online sales, as well as the types of items purchased, with clothes and other products traditionally bought in retail … We bring together survey and social data from thousands of people around the world to find the biggest consumer trends for 2020. In addition, China has the largest and most complete supply chains in the world, and its GDP growth rate is more than double that of the United States. Businesses will need to find talent with the appropriate hard skills, such as data science. Data Source: World Bank MLA Citation: … China consumer spending for 2017 was $4,744.77B, a 9.21% increase from 2016. BEIJING, Nov. 23 (Xinhuanet) -- Consumer choices during November 11 "Singles' Day" shopping event may indicate current retail trends in China. SUSTAINABLE STEWARDS In 2020, sustainable lifestyles become the new status symbol. The team at Dao Insights spell out the five trends you need to know. Log in. Consumer Trends for 2020. About . 28 September 2020 0 comment. Live streaming is becoming popular in the Chinese e-commerce industry. Free Content. 's own future. Go to section ... Attitudes towards snacking, by consumer classification, China, November 2019 Appendix – Market Size and Forecast. 1. Featuring: Global supply chains were thrown off kilter following worldwide closure of production facilities. Hardly a day went by without news broadcasting cases of infection, jobless claims, business closures, and so on. … Top 10 consumer trends to look out for in 2020 part 1. Method. arrow_forward. China is the largest retail market in the world with 2018 Q1 consumer goods retail sales of USD 1,436.8 billion, an increase of 9.8% from the previous year. Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in China with research from Euromonitor's team of in-country analysts. arrow_forward. Services. 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