Consumer & Categories
Can Vending Machines Become a Gold Mine for FMCG Transformation?
By 2020, the total number of vending machines in China will approach 1.38 million, an increase of more than 8 times compared to 2015. Based on research on the global retail market, Kantar Retail Consulting found that when per capita GDP reaches $10,000, consumer demand for vending machines will explode. As of 2015, regions covering 390 million people in China had reached this level, but the development of the vending machine channel lags behind the overall retail environment, leaving a huge market gap. In the next five years, China's vending machine channel will experience explosive growth, becoming a new channel for FMCG retail.
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