Retail Market Overview 2024-2032, Industry Size, Share, Trends and Forecast

The latest report by IMARC Group, titled “Retail Market Report by Product (Food and Beverages, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys and Hobby, Electronic and Household Appliances, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), and Region 2024-2032“, The global retail market size reached US$ 28,514.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 46,304.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.54% during 2024-2032. 

The retail sector consists of diverse businesses that directly sell goods and services to consumers through various means such as physical stores, online platforms, and. Retailers play a vital role as the last link in the distribution chain connecting producers and consumers. Ranging from large supermarkets to small boutiques, the retail industry is a significant part of the global economy or online retail, has become increasingly popular due to technological advancements, providing customers with convenience and more choices. Retail currently crucial for economic growth and customer contentment, supporting job creation and consumer expenditure.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/retail-market/requestsample

Retail Market Trends and Drivers:

Digital technology plays a key role in shaping the global retail market by enhancing the shopping experience for consumers and driving business growth. In addition, the focus on sustainability is gaining momentum as consumers seek eco-friendly products and practices, prompting retailers to adopt more environmentally conscious strategies. The interconnected nature of the world due to globalization has further expanded retail opportunities, leading to increased competition and market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Product Insights:

  • Food and Beverages
  • Personal and Household Care
  • Apparel, Footwear and Accessories
  • Furniture, Toys and Hobby
  • Electronic and Household Appliances
  • Others

Distribution Channel Insights:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Alibaba Group Holding Limited
  • Amazon.com Inc.
  • Auchan Retail International S.A.
  • Costco Wholesale Corporation
  • JD.com Inc.
  • Koninklijke Ahold Delhaize N.V.
  • Lowe's Companies Inc.
  • Target Corporation
  • The Home Depot Inc.
  • The Kroger Co.
  • The Schwarz Group
  • Walgreens Boots Alliance Inc.
  • Walmart Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

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Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

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