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Global Retail Market to Witness a Healthy Growth During 2024-2032, Aided by Technological Advancements and Surge in Online Retail

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Global Retail Market Share, Size, Trends, Growth, Analysis: By Product: Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture and Home Decor, Toys, Hobby, and Household Appliances, Others; By Sector; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032

Retail Market Regional Analysis

The Asia Pacific accounts for a significant market share in retail industry due to economic growth in countries like India and China, coupled with rising disposable incomes. The rising tourism activities in countries such as Singapore, Thailand, and South Korea, among others, are driving the demand for luxury goods, electronics, and apparel.

With the online retail sector in the region flourishing amid the rising customer demand for convenience, investments in e-commerce channels are significantly rising. For instance, in January 2024, Konvy, a leading Thai online beauty e-commerce platform, secured a funding of USD 11 million from New Day Ventures Limited, Insignia Ventures Partners, and Alibaba International to support its expansion in Southeast Asia.

Retail Market Report Snapshots

Retail Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Retail Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Retail Historical Market (2018-2023)
   8.3   Global Retail Market Forecast (2024-2032)
   8.4   Global Retail Market by Product
       8.4.1   Food, Beverage, and Grocery
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Personal and Household Care
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Apparel, Footwear, and Accessories
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Furniture and Home Décor
           8.4.4.1 Historical Trend (2018-2023)
           8.4.4.2 Forecast Trend (2024-2032)
       8.4.5   Toys, Hobby, and Household Appliances
           8.4.5.1 Historical Trend (2018-2023)
           8.4.5.2 Forecast Trend (2024-2032)
       8.4.6   Industrial and Automotive
           8.4.6.1 Historical Trend (2018-2023)
           8.4.6.2 Forecast Trend (2024-2032)
       8.4.7   Electronic, Consumer Durables and IT
           8.4.7.1 Historical Trend (2018-2023)
           8.4.7.2 Forecast Trend (2024-2032)
       8.4.8   Pharmaceuticals
           8.4.8.1 Historical Trend (2018-2023)
           8.4.8.2 Forecast Trend (2024-2032)
       8.4.9   Others
   8.5   Global Retail Market by Sector
       8.5.1   Organised
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Unorganised
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
   8.6   Global Retail Market by Distribution Channel
       8.6.1   Supermarkets and Hypermarkets
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Convenience Stores
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Speciality Stores
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Online
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Others
   8.7   Global Retail Market by Region
       8.7.1   North America
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1 Historical Trend (2018-2023)
           8.7.5.2 Forecast Trend (2024-2032)
9   North America Retail Market Analysis
   9.1   Market by Product
   9.2   Market by Sector
   9.3   Market by Distribution Channel
   9.4   Market by Country
       9.4.1   United States of America
           9.4.1.1 Historical Trend (2018-2023)
           9.4.1.2 Forecast Trend (2024-2032)
       9.4.2   Canada
           9.4.2.1 Historical Trend (2018-2023)
           9.4.2.2 Forecast Trend (2024-2032)
10   Europe Retail Market Analysis
   10.1   Market by Product
   10.2   Market by Sector
   10.3   Market by Distribution Channel
   10.4   Market by Country
       10.4.1   United Kingdom
           10.4.1.1 Historical Trend (2018-2023)
           10.4.1.2 Forecast Trend (2024-2032)
       10.4.2   Germany
           10.4.2.1 Historical Trend (2018-2023)
           10.4.2.2 Forecast Trend (2024-2032)
       10.4.3   France
           10.4.3.1 Historical Trend (2018-2023)
           10.4.3.2 Forecast Trend (2024-2032)
       10.4.4   Italy
           10.4.4.1 Historical Trend (2018-2023)
           10.4.4.2 Forecast Trend (2024-2032)
       10.4.5   Others
11   Asia Pacific Retail Market Analysis
   11.1   Market by Product
   11.2   Market by Sector
   11.3   Market by Distribution Channel
   11.4   Market by Country
       11.4.1   China
           11.4.1.1 Historical Trend (2018-2023)
           11.4.1.2 Forecast Trend (2024-2032)
       11.4.2   Japan
           11.4.2.1 Historical Trend (2018-2023)
           11.4.2.2 Forecast Trend (2024-2032)
       11.4.3   India
           11.4.3.1 Historical Trend (2018-2023)
           11.4.3.2 Forecast Trend (2024-2032)
       11.4.4   ASEAN
           11.4.4.1 Historical Trend (2018-2023)
           11.4.4.2 Forecast Trend (2024-2032)
       11.4.5   South Korea
           11.4.5.1 Historical Trend (2018-2023)
           11.4.5.2 Forecast Trend (2024-2032)
       11.4.6   Australia
           11.4.6.1 Historical Trend (2018-2023)
           11.4.6.2 Forecast Trend (2024-2032)
       11.4.7   Others
12   Latin America Retail Market Analysis
   12.1   Market by Product
   12.2   Market by Sector
   12.3   Market by Distribution Channel
   12.4   Market by Country
       12.4.1   Brazil
           12.4.1.1 Historical Trend (2018-2023)
           12.4.1.2 Forecast Trend (2024-2032)
       12.4.2   Argentina
           12.4.2.1 Historical Trend (2018-2023)
           12.4.2.2 Forecast Trend (2024-2032)
       12.4.3   Mexico
           12.4.3.1 Historical Trend (2018-2023)
           12.4.3.2 Forecast Trend (2024-2032)
       12.4.4   Others
13   Middle East and Africa Retail Market Analysis
   13.1   Market by Product
   13.2   Market by Sector
   13.3   Market by Distribution Channel
   13.4   Market by Country
       13.4.1   Saudi Arabia
           13.4.1.1 Historical Trend (2018-2023)
           13.4.1.2 Forecast Trend (2024-2032)
       13.4.2   United Arab Emirates
           13.4.2.1 Historical Trend (2018-2023)
           13.4.2.2 Forecast Trend (2024-2032)
       13.4.3   Nigeria
           13.4.3.1 Historical Trend (2018-2023)
           13.4.3.2 Forecast Trend (2024-2032)
       13.4.4   South Africa
           13.4.4.1 Historical Trend (2018-2023)
           13.4.4.2 Forecast Trend (2024-2032)
       13.4.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Walmart Inc.
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Amazon.com, Inc.
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Costco Wholesale Corporation
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   The Home Depot, Inc.
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   JD.com, Inc.
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   The Kroger Co.
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Walgreens Boots Alliance, Inc.
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Alibaba Group Holding Limited
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   Target Corporation
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   Lowe's Companies, Inc.
           15.2.10.1   Company Overview
           15.2.10.2   Product Portfolio
           15.2.10.3   Demographic Reach and Achievements
           15.2.10.4   Certifications
       15.2.11   The Schwarz Group
           15.2.11.1   Company Overview
           15.2.11.2   Product Portfolio
           15.2.11.3   Demographic Reach and Achievements
           15.2.11.4   Certifications
       15.2.12   Koninklijke Ahold Delhaize N.V.
           15.2.12.1   Company Overview
           15.2.12.2   Product Portfolio
           15.2.12.3   Demographic Reach and Achievements
           15.2.12.4   Certifications
       15.2.13   Carrefour Group
           15.2.13.1   Company Overview
           15.2.13.2   Product Portfolio
           15.2.13.3   Demographic Reach and Achievements
           15.2.13.4   Certifications
       15.2.14   Auchan Retail International
           15.2.14.1   Company Overview
           15.2.14.2   Product Portfolio
           15.2.14.3   Demographic Reach and Achievements
           15.2.14.4   Certifications
       15.2.15   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Retail Market: Key Industry Highlights, 2018 and 2032
2.   Global Retail Historical Market: Breakup by Product (USD Million), 2018-2023
3.   Global Retail Market Forecast: Breakup by Product (USD Million), 2024-2032
4.   Global Retail Historical Market: Breakup by Sector (USD Million), 2018-2023
5.   Global Retail Market Forecast: Breakup by Sector (USD Million), 2024-2032
6.   Global Retail Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7.   Global Retail Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8.   Global Retail Historical Market: Breakup by Region (USD Million), 2018-2023
9.   Global Retail Market Forecast: Breakup by Region (USD Million), 2024-2032
10.   North America Retail Historical Market: Breakup by Country (USD Million), 2018-2023
11.   North America Retail Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Europe Retail Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Europe Retail Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Asia Pacific Retail Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Asia Pacific Retail Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Latin America Retail Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Latin America Retail Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Middle East and Africa Retail Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Middle East and Africa Retail Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Global Retail Market Structure

Key Questions Answered in the Report

What was the global retail market size in 2023?

In 2023, the global retail market attained a value of nearly USD 23 trillion.

What are the key driving factors for the growth of the retail industry?

The major market drivers are the rising population, growing smartphone penetration, and the ever-increasing usage of the internet across the globe.

What are the key trends of the market?

The key trends in the market are rapid technological innovations and increasing popularity of augmented reality among retailers.

What are the major regional markets for retail, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major products considered in the market report?

The major products considered in the market report include food, beverage and grocery, personal and household care, apparel, footwear, and accessories, furniture and home décor, toys, hobby, and household appliances, industrial and automotive, electronic, consumer durables and IT, and pharmaceuticals, among others.

What are the different segments based on sector considered in the market report?

The different segments based on sector considered in the market report include organised and unorganised.

What is the leading distribution channel for retail?

The various distribution channels in the market include supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.

Who are the key players in the retail industry?

The major players in the market are Walmart Inc., Amazon.com, Inc., Costco Wholesale Corporation, The Home Depot, Inc., JD.com, Inc., The Kroger Co., Walgreens Boots Alliance, Inc., Alibaba Group Holding Limited, Target Corporation, Lowe's Companies, Inc., The Schwarz Group, Koninklijke Ahold Delhaize N.V., Carrefour Group, and Auchan Retail International, among others.

What do you mean by the retail market?

Retail refers to the process of selling consumer goods or services through various channels of distribution to satisfy the demand of consumers.

What is market segmentation in retail?

Market segmentation refers to dividing the market into sub-categories depending on consumer behaviour and needs.

What is the concept of the retail market?

The sale of goods and services to the consumers is the main concept of retail market.

Which region has the biggest share in retail industry?

The Asia Pacific holds the largest market share.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.

What is the retail market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 38.2 trillion by 2032.

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