23% of Chinese households plan to reduce grocery bills in 2009
Household grocery shoppers are changing where they shop and are shifting to cheaper brands due to concerns about the economy.
Shanghai, Jan 11th, 2009: A study among 1,000 household grocery buyers conducted by Data Driven Marketing Asia (DDMA) reveals that the current economic climate is having an impact on general grocery shopping across China. The study was conducted across Shanghai, Beijing, Guangzhou, Chengdu and Shenyang.
Spending on specific categories is being reduced.
For example, in Shanghai over 20% of household
grocery decision
makers have reduced the amount which they spend on groceries for
the household. Sweet items, such as desserts and snacks, top the
list of the categories which have been cut back, however, spending
is also being reduced on everyday items such as seafood and fish
and milk and dairy produce. The food categories that spending is
being reduced on varies across the five markets and different
demographic sub groups included in this study.
Consumer behavior is also changing.
Consumers are either
looking for bargains or changing where they shop.
In the city of Guangzhou, almost 24% of those
that buy grocery for
the household have reduced their spending. Shopping patterns are
also changing across categories as grocery shoppers become more
price sensitive. A relatively high portion of shoppers are now
delaying
purchases in certain categories to wait for special offers and
discounts,
while a relatively high proportion of grocery shoppers have moved
their customer to cheaper stores as they try to save money. For
example, 9% of grocery shoppers in Guangzhou have reduced spending
on Milk and Dairy. They have changed their shopping behavior for
this category as follows:
|
How do you save money on Milk & Dairy purchases? |
Total |
|
Reduce the amount I purchase each time |
58% |
|
Buy same amount but wait for special offers |
35% |
|
Buy same amount but have switched to cheaper stores |
14% |
|
Buy same amount but have switched to cheaper brands |
7% |
The state of the economy now tops the list of concerns. Concerns about job security are also on the rise. Overall, 30% of respondents believe that jobs are now difficult to get, however, results vary greatly across the five cities included in the study.
Source: Data Driven Marketing Asia (www.ddm-asia.com)
Official Presentation of Results: The core results will be presented on January 16th and the Portman Ritz Carlton, Shanghai. Please contact Claire.Ma@ddm-asia.com to attend this presentation.
About DDMA:
Data Driven
Marketing Asia (DDMA) provides market research and business consultancy
services to our clients across the globe. Founded in 2002 with offices
in Singapore and Shanghai, DDMA Market Research & Consulting has two
branches to offer our clients premium services. DDMA Market Research &
Consulting’s
core
management team has over 50 years of combined experience in Asia working
with many of the world’s largest companies.
Our clients include many
Fortune 500 companies spanning multiple
sectors.
For further Information about DDMA please contact:
Sam Mulligan
Director
Tel: (+86 21) 6289 1138
Sam.Mulligan@ddm-asia.com















