This one consumer group is about to have a huge impact on the future of online shopping in China
Online shopping for daily necessities in China is set to become mainstream
Online sales of packaged foods, alcoholic drinks and personal care products in China are expected to continue its explosive growth trajectory, thanks to a key demographic that is relying more on e-commerce for their daily necessities, a survey has found.
A survey of 4,600 people across 16 Chinese cities by consultancy OC&C found more consumers aged between 30 and 50 said they would turn to online shopping for shampoo and other daily necessities in the coming six months than those aged between 18 and 29.
Jack Chuang, partner, Greater China, OC&C Strategy Consultants, said convenience and price were factors in the shift to online shopping.
“The growing middle class want to save money on everyday consumables so they can use these savings towards a better lifestyle including for dining out or buying international fashion brands,” Chuang said.
China’s online spending on fast moving consumer goods (FMCG) -- the category spanning infant formula, to soft drinks, and beauty products --stands at more than US$25.3 billion, up from US$1.4 billion in 2010, according to Euromonitor International.