# 零食优选

China’s Bulk‑Snack Shakeout: Small Chains Must Sell, Partner or Double‑Down as Two Giants Dominate

China’s bulk‑snack retail sector has consolidated rapidly: two national groups now control most of the market, squeezing regional chains. Faced with thin margins and capital requirements for scale, mid‑sized brands are increasingly pursuing strategic partnerships or M&A to survive, while leaders push into full‑category discount supermarkets.