Grocery sales in Asia will amount to $4,264 billion (€3,772 billion) by 2023, which is almost the same as the combined sales of Europe and North America, new market forecasts from IGD have revealed.
The food and consumer goods research organisation has also predicted that the Asian grocery market will achieve a compound annual growth rate of 6% between 2018 and 2023.
China, India and Indonesia will contribute the most to this growth, accounting for 74% of sales by 2023.
