Germany Retail Market Report and Forecast 2024-2032

Germany Retail Market Size

The Germany retail market reached USD 581.51 billion in 2023. The market is expected to grow at a CAGR of 3.0% between 2024 and 2032, reaching USD 761.27 billion by 2032.

Germany Retail Market Outlook

• The Federal Statistical Office of Germany reports a 1.8% month-over-month increase in retail sales for March 2024.

• Germany was the largest market for food and beverages in the European Union in 2022, per USDA data.

• Increasing consumer spending on premium foods is drive the Germany retail market.

Germany Retail Market Growth

Supermarkets and hypermarkets attract high customer acceptance by offering a wide range of goods in one location, including food, household items, electronics, and clothing. This convenience eliminates the need to visit multiple shops. They combine grocery shopping with home products and beverages in a single outlet.

Swegreen partnered with EDEKA and Stadler & Honner to launch its first in-store facility in Munich in autumn 2023. This strategic move marked Swegreen's international expansion and showcased both companies' commitment to sustainability and innovation in the food and retail industry, focusing on producing eco-friendly food.

Convenience stores have a strong market presence in categories such as drinks, candy, snacks, tobacco, and ready-to-eat foods. They compete directly with supermarkets, hypermarkets, online merchants, and speciality shops by offering faster access to necessities. Convenience stores thrive with rising urbanisation due to their ease of operation and strategic placement, catering to the busy lifestyle and demand for quick shopping solutions.

Germany Retail Industry Segmentation

Germany Retail Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Food, Beverage, and Grocery

• Personal and Household Car

• Apparel, Footwear, and Accessories

• Furniture and Home Décor

• Toys, Hobby, and Household Appliances

• Industrial and Automotive

• Electronic, Consumer Durables and IT

• Pharmaceuticals

• Others

Market Breakup by Sector

• Organise

• Unorganised

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets

• Convenience Stores

• Specialty Stores

• Online Channels

• Others

Market Breakup by Region

• North Rhine-Westphalia

• Bavaria

• Baden- Württemberg

Germany Retail Market Share

Furniture and home decor are key elements of interior design, comprising various items that serve functional and aesthetic purposes in a room. Furniture is designed to be functional, comfortable, and attractively crafted in different styles, materials, and finishes to cater to diverse consumer needs. Ceiling lights, floor lamps, and decorative chandeliers illuminate a space's beauty.

Leading Companies in the Germany Retail Market

• Amazon.com, Inc.

• Lidl Digital Deutschland GmbH & Co. KG

• ALDI Nord Holding Stiftung & Co. KG 

• EDEKA ZENTRALE Stiftung & Co. KG 

• GALERIA Karlstad Kaufhof GmbH i.l.

• Others

The companies are concentrating on e-commerce and online services, managing digital presence, including their e-commerce platform, digital marketing, and online customer service. This division seeks to improve the shopping experience through digital innovations.

Key Highlights of the Report