The Chinese grocery market is set to surpass its US counterpart as early as next year, IGD has claimed.

The Chinese economy is currently recovering quicker than the US and its grocery sector is set to claim top spot with a value of £876bn, nearly double the US.

This was part of a wider trend of the global recession creating a reversal of fortune between developed and developing markets, said IGD CEO Joanne Denney-Finch.

By 2015, the combined grocery markets of Brazil, Russia, India and China (the BRICs), with a population of more than three billion, will be worth £2,194bn.

"Retailers and manufacturers must build their presence in these countries if they want sustainable business growth," added Denney-Finch.

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