In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.

Global retail market to reach $46.78T by 2029 at 7.6% CAGR, driven by growth in auto, food, fuel, cosmetics, personal care, and miscellaneous retail sectors.

Global retail sales were projected to amount to around **** trillion U.S. dollars by 2026, up from approximately **** trillion U.S. dollars in 2021. The retail industry encompasses the journey of a good or service. This typically starts with the manufacturing of a product and ends with said product being purchased by a consumer from a retailer. Retail establishments come in many forms such as grocery stores, restaurants, and bookstores. American retailers worldwide As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale. Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of such American retailers. The success of U.S. retailers can also be seen through their performance in online retail. Retail in the U.S. The domestic retail market in the United States is a lucrative market, in which many companies compete. Walmart, a retail chain offering low prices and a wide selection of products, is the leading retailer in the United States. Amazon, The Kroger Co., Costco, and Target are a selection of other leading U.S. retailers.

The global retail market reached approximately USD 23.00 Trillion in 2024 and is expected to grow at a CAGR of 5.80% during the forecast period of 2025-2034, to reach a value of USD 40.42 Trillion in 2034. The demand is being driven by factors like rising disposable incomes, rapid digital transformation, and investments in cutting-edge technologies.

Key Market Insights:

• The Asia Pacific retail market has demonstrated significant growth and is projected to grow at a 6.9% CAGR during the forecast period.
• By country, the United States commands 18.7% of the North America retail market share in 2024.
• Product-wise, the food, beverage, and grocery segment held the dominant share and is projected to exhibit a 6.6% CAGR over the forecast period.
• Based on end use, the online channel exhibits a CAGR of 10.9% during the forecast period.

Market Size & Forecast

• Current Market Size: USD 23.00 Trillion
• Projected Market Size: USD 40.42 Trillion
• CAGR from 2025 to 2034: 5.80%
• Dominant Market: Asia Pacific

In 2024, the global in-store or brick-and-mortar retail channel generated an estimated **** trillion U.S. dollars in sales. Total retail sales (online and offline retail) worldwide amounted to around ** trillion U.S. dollars that year. By 2028, it is estimated that the value of e-commerce retail sales will reach **** trillion U.S. dollars on a global scale.

The Retail Industry Market is Segments by Product Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, and More), by Distribution Channel (Supermarkets/Hypermarkets, Convenience and Discount Stores, Specialty Stores, and More), and by Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

The global retail market size reached USD 30,092.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 48,867.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.26% during 2025-2033. There are various factors that are driving the market, which include the rising focus on personalized user experience, technological innovations, and various collaborations and partnerships among key players to expand their market reach and increase user engagement.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 30,092.3 Billion
Market Forecast in 2033	USD 48,867.9 Billion
Market Growth Rate (2025-2033)	5.26%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product and distribution channel.

Internet sales have played an increasingly significant role in retailing. In 2024, e-commerce accounted for over ** percent of retail sales worldwide. Forecasts indicate that by 2029, the online segment will make up close to over ** percent of total global retail sales. Retail e-commerce Online shopping has grown steadily in popularity in recent years. In 2024, global e-commerce sales amounted to over ************** U.S. dollars, a figure expected to exceed **** trillion U.S. dollars by 2028. Digital development in Latin America boomed during the COVID-19 pandemic, generating unprecedented e-commerce growth in various economies across the region. So much so that Brazil and Argentina appear to lead the world's fastest-growing online retail markets. This trend correlates strongly with the constantly improving online access, especially in "mobile-first" online communities, which have long struggled with traditioe-comernal fixed broadband connections due to financial or infrastructure constraints but enjoy the advantages of cheap mobile broadband connections. M-commerce on the rise The average order value of online shopping via smartphones and tablets still lags traditional e-commerce via desktop computers. However, e-retailers around the world have caught up in mobile e-commerce sales. Online shopping via smartphones is particularly prominent in Asia. By the end of 2021, Malaysia was the top digital market based on the percentage of the population that had purchased something by phone, with nearly ** percent having made a weekly mobile purchase. South Korea, Taiwan, and the Philippines completed the top of the ranking.

In 2020, global retail sales fell by 2.9 percent as a result of the COVID-19 pandemic, bouncing back in 2021 with a growth of 9.7 percent Global retail sales were projected to amount to around 27.3 trillion U.S. dollars by 2022, up from approximately 23.7 trillion U.S. dollars in 2020.

American retailers worldwide
As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale. Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of such American retailers. The success of U.S. retailers can also be seen through their performance in online retail.

Retail in the U.S.
The domestic retail market in the United States is a lucrative market, in which many companies compete. Walmart, a retail chain offering low prices and a wide selection of products, is the leading retailer in the United States. Amazon, The Kroger Co., Costco, and Target are a selection of other leading U.S. retailers.

Retail Sales in the United States increased 0.60 percent in June of 2025 over the previous month. This dataset provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Valuation of the global food retail market is estimated at US$ 12,588.8 billion in 2024 and has been evaluated to rise at a CAGR of 5.5% to reach US$ 21,503.5 billion by the end of 2034. The market is projected to expand at a steady rate over the coming years as food retail companies opt for innovative strategies to expand their customer base and increase their investment budgets.

Report Attribute	Detail
Food Retail Market Size (2024E)	US$ 12,588.8 Billion
Forecasted Market Value (2034F)	US$ 21,503.5 Billion
Global Market Growth Rate (2024 to 2034)	5.5% CAGR
Canada Market Growth Rate (2024 to 2034)	6% CAGR
China Market Value (2034F)	US$ 2,359.5 Billion
North America Market Share (2024E)	23.9%
East Asia Market Share (2034F)	23.1%
Key Companies Profiled	The Kroger Company; Amazon.com Inc.; 7-Eleven; The Schwarz Group; Tesco Plc; Target Corporation; Costco Wholesale Corporation; Amartex Family Mart; Walmart Inc.; Anay Groceries.

Country-wise Evaluation

Attribute	United States
Market Value (2024E)	US$ 1,338.9 Billion
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 2,382.8 Billion

Attribute	South Korea
Market Value (2024E)	US$ 626 Billion
Growth Rate (2024 to 2034)	6.2% CAGR
Projected Value (2034F)	US$ 1,147.4 Billion

Category-wise Evaluation

Attribute	Convenience Stores
Segment Value (2024E)	US$ 2,882.8 Billion
Growth Rate (2024 to 2034)	6.4% CAGR
Projected Value (2034F)	US$ 5,354.4 Billion

Global Ecommerce And Other Non Store Retailers market size is expected to reach $8264.24 billion by 2029 at 11.3%, omni channel retailing is providing a seamless shopping experience

Retail Sales in the United States increased 3.90 percent in June of 2025 over the same month in the previous year. This dataset provides - United States Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

By the end of 2024, total retail sales reached approximately **** trillion U.S. dollars, around a quarter of a billion U.S. dollar increase from the year before. Retail sales have steadily increased since 2009, as the economy recovered from the downward trend due to the recession following the 2007-2008 financial crisis, and most recently from the impact of the coronavirus (COVID-19) crisis. The United States as retail powerhouse The United States is home to many of the leading retail companies in the world, including Walmart, Costco, and Amazon. Amazon, in particular, has seen extreme levels of growth in revenue in tandem with the increase of e-commerce globally. The rise of e-commerce and mobile shopping E-commerce is responsible for a growing percentage of total retail sales, partially due to a surge in mobile shopping, with customers increasingly using their mobile devices for various online shopping activities. Smartphones accounted for more retail website visits than desktops or tablets, and matched desktops in generating online shopping orders.

Graph and download economic data for E-Commerce Retail Sales (ECOMSA) from Q4 1999 to Q1 2025 about e-commerce, retail trade, sales, retail, and USA.

The rapid ascent of e-commerce and omnichannel strategies is reshaping consumer engagement and purchasing patterns, driving a wave of transformation across the retail trade sector. As of 2025, the sector is expected to log $7.4 trillion in revenue, although its growth is anticipated to decelerate slightly to 0.4% in the current year. Gen Z and millennials have championed the digital shopping revolution, pushing retailers to prioritize online sales and customer engagement platforms. However, brick-and-mortar stores retain a pivotal role in supporting ongoing customer engagement alongside the online momentum as retailers blend physical and digital experiences. As automation has augmented efficiency across operations, retailers have also strategically diversified product lines and incorporated sustainability into their brands to meet changing consumer expectations. Over the past five years, the retail sector has seen a compound annual growth rate of 2.2%, which underscores the impact of diversified strategies in maintaining momentum. The adoption of automation has produced mixed results. Self-checkout systems, for example, have reduced payroll expenses for businesses while streamlining the customer experience, though several studies have reported that some customer segments dislike self-checkout due to technological glitches and some retailers have struggled with implementation and reported a rise in theft. Major chains like Target have honed their product diversification strategies, transforming their stores into one-stop shops that blend essential goods with discretionary items and healthcare, driving up revenue in multiple categories. Sustainability is another theme of the current period, with the sector’s commitment marked by increased budgets for eco-friendly practices and a growing market for pre-owned goods. Despite high inflation during the period giving way to high interest rates that stayed stagnant for a year before beginning to fall again in September 2024, retailers managed to navigate the challenges of economic fluctuations and keep consumer interest high through diversification. A projected compound annual growth rate of 0.9% for the next five years would set revenue on a steady path toward an expected $7.7 trillion through the end of 2030. Artificial intelligence is set to further revolutionize retail operations, enhancing stock management, logistics and consumer personalization. Augmented and virtual reality technologies will prove integral to engaging the tech-savvy younger generations by offering novel ways to interact with products before purchase. However, global trade tensions and tariffs could challenge profitability as retailers manage higher import costs. Reverse logistics will thrive as consumers’ eco-consciousness continues to grow, turning returns into revenue opportunities and aligning with trends toward sustainable consumption. The sector’s profit is expected to remain steady over the next five years, bolstered by consumers’ willingness to trade up to items that mix luxury and affordability.

According to Cognitive Market Research, the global Retail Ice Cream market size is USD 61241.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 24496.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 18372.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 14085.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 3062.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1224.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2 % from 2024 to 2031.
The Impulse Ice Cream held the highest Retail Ice Cream market revenue share in 2024.

Market Dynamics of Retail Ice Cream Market

Key Drivers for Retail Ice Cream Market

Rising Disposable Income to Increase the Demand Globally

Rising disposable profits in growing countries correlate with the economic boom, permitting clients to allocate greater funds closer to discretionary objects, which include ice cream. This fashion is pushed by means of expanded wages, urbanization, and increasing center-elegance populations. As people enjoy higher degrees of disposable income, they tend to prioritize leisure and lifestyle improvements, along with indulging in treats like ice cream. Consequently, the call for ice cream in those regions tends to push progressively upward. Multinational agencies and neighborhood businesses often capitalize on this opportunity with the aid of increasing their product services and distribution networks, aiming to satisfy the growing purchaser appetite for lower priced luxuries. This monetary phenomenon underscores the evolving customer behavior and market dynamics inside growing economies.

Changing Consumer Preferences to Propel Market Growth

Consumer preferences within the ice cream marketplace are shifting toward top-rate alternatives that provide particular flavors, more healthy elements, and indulgent reports. There is a developing demand for ice creams that cater to unique nutritional desires and lifestyle selections, which include sugar-loose, low-fat, vegan, and organic sorts. This fashion reflects a broader cultural shift towards fitness-consciousness and sustainability among international clients. As a result, ice cream manufacturers and retailers are expanding their product strains to consist of specialized services, capitalizing on the growing patron willingness to pay a top rate for incredible and innovative ice cream options. This evolution in customer options is reshaping the industry landscape, encouraging innovation and competition amongst brands to meet the diverse needs of modern-day discerning customers.

Restraint Factor for the Retail Ice Cream Market

Health Concerns to Limit the Sales

Growing health consciousness amongst consumers is influencing preferences closer to lower-sugar and decrease-fat ice cream alternatives, doubtlessly main to a decline in overall ice cream consumption. Concerns over weight problems, diabetes, and different fitness problems related to excessive sugar and fat consumption have brought individuals to look for more healthy dessert options. This shift is riding the call for for products that offer decreased ranges of those elements at the same time as still offering a satisfying indulgence. Additionally, purchasers are more and more interested in ice creams made with natural, healthy elements and people that cater to precise dietary alternatives, including vegan or lactose-free options. As a result, ice cream manufacturers are reformulating their merchandise and introducing new traces to meet those fitness-orientated options. While traditional ice cream remains popular, its intake styles are evolving as customers prioritize fitness-conscious alternatives in their diets and lives.

Impact of Covid-19 on the Retail Ice Cream Market

The retail ice cream market has been dr...

Global Grocery Retail market size 2025 was XX Million. Grocery Retail Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

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Digital Retailing Market Size 2024-2028

The digital retailing market size is forecast to increase by USD 1879.8 billion, at a CAGR of 36.5% between 2023 and 2028.

The market is experiencing exponential growth, driven by the increasing preference for social media as a retail advertising channel. This trend is reshaping consumer behavior, as more individuals turn to digital platforms for e-shopping and brand engagement. Another key factor fueling market expansion is the shift from traditional to digital retailing, as businesses recognize the benefits of reaching customers through online channels. However, this dynamic market presents challenges for retailers. The requirement for a skilled workforce, capable of managing digital marketing campaigns and providing excellent customer service, poses a significant hurdle. Retailers must invest in training and recruitment to stay competitive and meet evolving consumer expectations.
In summary, the market is characterized by robust growth, driven by consumer preferences for social media and digital channels. However, the need for a skilled workforce presents a significant challenge that retailers must address to capitalize on market opportunities and navigate this competitive landscape.

What will be the Size of the Digital Retailing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market activities shaping the industry's landscape. Online marketplaces are no longer just platforms for buying and selling; they have become integral components of omnichannel strategies, offering seamless user experiences (UX) and conversational commerce through live chat support and AI-driven recommendation engines. Last-mile delivery and inventory management are being optimized through advanced data analytics and real-time tracking, ensuring efficient order fulfillment and timely delivery. Mobile shopping apps and user interfaces (UI) are prioritized, enabling a mobile-first approach and catering to the growing preference for on-the-go shopping. Content marketing, data privacy, and e-commerce security are crucial aspects, with businesses employing various promotional strategies to engage customers and build brand loyalty through loyalty programs, influencer marketing, and customer reviews.

International shipping and cross-border e-commerce are expanding, fueled by global logistics and supply chain management solutions. E-commerce platforms are integrating advanced technologies like big data, machine learning (ML), and cloud computing to improve demand planning, sales forecasting, and pricing strategies. Mobile payments, voice commerce, and virtual and augmented reality (VR) are transforming the shopping experience, offering new opportunities for businesses to engage customers. Fraud prevention, payment gateways, and subscription models are essential components, ensuring secure and convenient transactions. Omnichannel retailing, pricing strategies, and blockchain technology are shaping the future of digital retailing, offering endless possibilities for businesses to adapt and thrive in this ever-evolving market.

How is this Digital Retailing Industry segmented?

The digital retailing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Search ads
  Display ads
  Social media
  E-mail marketing
  Others


Platform

  Mobile devices
  Desktops


End-User

  Retail
  E-Commerce
  Consumer Goods


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

By Type Insights

The search ads segment is estimated to witness significant growth during the forecast period.

The digital retail market is experiencing significant growth, with search ads emerging as a popular marketing segment. This form of marketing targets consumers based on their search queries and browsing history, resulting in higher conversion rates. The e-commerce sector's expansion, reaching beyond metropolitan areas to include tier-two and tier-three cities, is a primary driver for search ads. E-commerce's increasing penetration into various sectors, such as groceries and electronics, has made it an indispensable part of consumers' online shopping experiences. User interfaces, digital storefronts, and omnichannel strategies are essential components of digital retailing. Conversational commerce, augmented reality, and virtual reality are transforming the shopping experience, while e-commerce security, price optimization, and data privacy are critical concerns.

Cloud computing, big data, and machine l

Smart Retail Market size was valued at USD 30.30 billion in 2022 and is poised to grow from USD 39.09 billion in 2023 to USD 299.74 billion by 2031, growing at a CAGR of 29% in the forecast period (2024-2031).