Fresh Food E-commerce is reshaping the Chinese retail sector
The fresh food e-commerce market in China is growing at a rapid pace as the e-commerce giants like Alibaba and JD.com are using their previous experience in online retail and logistics to reshape the retail business model.
New retail businesses, such as 7Fresh and HEMA, backed by the IT giants mentioned before, are operating in a market that is estimated at RMB 140 billion ($22 billion) but there is enough space for other competitors to enter this market as is expanding fast. o date, fruits, milk & dairy, vegetables, meat, poultry & eggs, and seafood have emerged as the top five fresh food categories purchased by online shoppers.
In China, online customers can purchase fresh foods and in some cases expect them to be delivered within 30-minutes. Currently, these instant online services are mostly limited to tier-1 and tier-2 Chinese cities because of the cold food chain infrastructure.
Nevertheless, the importance of fresh food e-commerce is underline by the space dedicated to this businesses at SIAL China 2018.
13 halls are going to be reserved for the exhibitors who embraced this new business model, of which 3 (E5, E6, E7) are dedicated to meat industry representatives. These dedicated zones will be occupied by both domestic companies like China Oil & Foodstuffs Corporation and international country pavilions from Asia, Europe, the Americas, and Africa. Leading international players like: Manildra Group from Australia, Pran Export from Bangladesh, St Mamet, Nick Winters, Deltatrade from France, Biotech Nutrition KFT from Hungary, Al-Faheem Meatex Pvt. Ltd., Allanasons Pvt. Ltd. and HMA Argo Industries Ltd. from India, SAMMONTANA from Italy, Chek Hup and White Coffee from Malaysia, Teeuwissen from the Netherlands, Super Group from Singapore, Karan Beef from South Africa, SunHae from South Korea, Sri Lanka Tea Board, Sappe and Malee Group from Thailand, Solen and Venus from Turkey, and Me Trang from Vietnam will be among the expected 3,400 exhibitors and 110,000 professional visitors at SIAL China 2018.
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