in China.But Wal-Mart may now be poised to take overfirst place with its acquisition of the Taiwan-basedchain Trust-Mart, with a 4 percent market shareon the mainland, for 1 billion dollars, accordingto reports in the Financial Times and elsewhere.The Chinese grocery and retail market is stillfragmented, with a large number of local play-ers. One explanation for this is the considerableregional differences in the country. Another is thecombination of poor logistics in certain areas andthe fact that perishable goods constitute a largeshare of grocery retail.
More magazines butlower circulation
EWIECOUTRIESWIS
New wine countries like Chile,Australia and the US are capturingan increasing share of the wine mar-ket. According to the InternationalOrganization of Vine and Wine, thenew wine countries now have a 22.5percent share of the global market.China is also gaining ground and isnow the seventh-largest producer.In recent years, classic wine-pro-ducing countries like Italy, France,Spain, Germany and Portugal haveseen their share of global wine salesshrink from 75 to 62 percent.A flourishing middle class inhigh-growth countries in Asia ishelping to increase world wineconsumption, which is once againon the rise after a period of decline.The most wine is still consumed inFrance, followed by Italy, the US andGermany. However, in a few years,the US is expected to take the lead.
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