The retail market size in India was expected to amount to *** trillion U.S. dollars by 2026, up from *** trillion dollars in 2023. While an overall increase was noted up to 2019, 2020 marked a decrease due to the coronavirus pandemic. The Indian retail landscape Despite the pandemic, India was among the few countries showing growth in retail sales in 2020. Characterized by its unorganized retail, primarily via kirana stores, the country underwent a process of change in retail forms, which is yet to pace down. The emergence of larger retail spaces such as malls and supermarkets, along with the growth of online commerce, drove change in the subcontinent’s retail landscape. Nevertheless, kirana stores continued to dominate Indian retail, adopting digitalization and collaboration with larger players in this sector. The dominance of grocery retail   The retail of groceries contributed as much as ** percent to India’s retail industry. However, only a small share of that was sold through online or modern retailers. The coronavirus (COVID-19) pandemic in 2020 gave online retail a new push to e-grocers. As products were sometimes not available at physical stores, online grocers such as BigBasket managed to fill that gap successfully.

In 2023, the retail market in India was *** trillion U.S. dollars, up from *** billion dollars recorded in 2018. By 2030, this value is expected to reach about *** trillion U.S. dollars.

The market size of the online retail industry in India amounted to *** billion U.S. dollars in 2023 in India. The industry is likely to growth with a CAGR of ** percent until the year 2027. Growth of online retail industry in India The rapid expansion in the size of online retail could be attributed to the increase in the market size of e-commerce, a favorable government policy of *** percent FDI flows into e-commerce, and an increasing base of digital buyers in India. The market size of the e-commerce industry is estimated to reach *** billion U.S. dollars by 2027, a massive jump from 2014. Additionally, the number of digital buyers in the country has been on the rise since 2014. Affordable mobile internet, mainly from Reliance’s Jio has been a catalyst for change and led to a drastic growth in the value of mobile retail e-commerce in 2020. Consumer perception of online retail during coronavirus The coronavirus (COVID-19) pandemic led to an increase in the share of consumers shopping online. Most consumers opted for online retail to socially distance, avoid queues in the supermarkets and other shops, and to minimize their time spent outside. Unsurprisingly, they preferred to shop for essentials which included food, personal hygiene, and household cleaning products during this time.

The India retail market reached USD 952.02 Billion in 2024. The market is projected to grow at a CAGR of 11.40% between 2025 and 2034, reaching almost USD 2802.19 Billion by 2034.

The Indian Travel Retail Market Report is Segmented by Product Type (Fashion and Accessories, Wine and Spirits, Tobacco, Food and Confectionary, Fragrances and Cosmetics, and Other Product Types (Stationery, Electronics, Watches, Jewelry, Etc. )) and Distribution Channel (Airports, Airlines, Ferries and Other Distribution Channels). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

India retail analytics market size reached USD 501.4 Million in ​2024​. Looking forward, IMARC Group expects the market to reach USD 2,871.9 Million by ​2033​, exhibiting a growth rate (CAGR) of 20.33% during 2025-2033. The rising emphasis on understanding and optimizing supply chain operations is primarily driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on function, component, deployment mode, and end user.

Unlock expert insights on India Retail Market, size at USD 1.4 trillion in 2023, featuring revenue forecast and market trends.

In financial year 2022, the food and grocery segment forms the majority of share of **** percent in the Indian retail market. The jewelry and watch segment had the second highest share of *** percent. The total retail market in India was valued at about *** billion U.S. dollars.

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India Online Fashion Retail Market Size 2025-2029

The india online fashion retail market size is forecast to increase by USD 36.01 billion at a CAGR of 22.2% between 2024 and 2029.

The market presents significant growth opportunities for global investors, driven by the rapid expansion of the digital economy. Key factors fueling market expansion include the increasing penetration of the internet and smartphones, which has led to a surge in online shopping. India's social media user base is also on the rise, creating new avenues for fashion brands to engage with consumers and build brand awareness. However, the market is not without challenges. Payment barriers remain a significant hurdle, with a large portion of the population still unbanked or underbanked. To capitalize on market opportunities and navigate these challenges effectively, companies must focus on providing seamless payment options, enhancing the online shopping experience, and building strong relationships with local partners. By leveraging these strategies, fashion retailers can tap into India's vast consumer base and establish a strong presence in this dynamic and growing market.

What will be the size of the India Online Fashion Retail Market during the forecast period?

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The online shopping market, driven by e-commerce sales, has become a significant channel for consumers to purchase wardrobe essentials. The apparel industry, influenced by nuclear families and increasing internet penetration, is a key contributor to this trend. Omnichannel retailing, which integrates online and offline shopping experiences, is a dominant strategy for key companies. Synthetic pesticides and ethical fashion are emerging concerns in the sector, with consumers increasingly preferring organic cotton and sustainable production methods. Digital payment systems and smartphone usage among the urban population with disposable incomes have facilitated seamless transactions. Key participants in the market include companies focusing on providing a wide range of apparel offerings and innovative shopping experiences. The shift towards omnichannel retailing and ethical fashion is expected to continue shaping the market dynamics.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductApparelFootwearBags and accessoriesGenderWomenMenChildrenGeographyNorth AmericaEuropeMiddle East and AfricaAPACIndiaSouth AmericaRest of World (ROW)

By Product Insights

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

The Indian apparel market exhibits a consistent expansion, driven by consumer preferences for fashionable and comfortable clothing. Retailers cater to diverse segments by marketing products tailored to their demands. The online fashion retail sector encompasses various categories, including tops, bottoms, intimates, sleepwear, and children's apparel. Top wear apparel comprises tops, blouses, dresses, casual shirts, formal shirts, T-shirts, sweaters, sweatshirts, tank tops, and vests. Bottom wear consists of trousers, jeans, jeggings, pants, shorts, and skirts. Intimates and sleepwear include pajamas, bathrobes, shapewear, slips, socks, underwear, and briefs. Children's and infant apparel offer cloth diapers, blanket slippers, sunsuits, socks, and booties. Internet penetration and the rise of online shopping portals have significantly influenced the market, enabling omnichannel retailing. Fair labor practices and urban population growth are key parameters shaping the industry. Ethnic fusion wear and sustainable fashion trends are gaining popularity, with an increasing focus on recycled materials such as nylon and polyester. Casual wear and formal wear are popular fashion categories, with sneaker culture and street-style pieces influencing the market. Smartphone users and digital payment systems facilitate seamless shopping experiences. The apparel industry is also addressing concerns related to water and energy consumption by adopting functional clothing, organic cotton, low-impact dyes, and sustainable fashion practices. Ethical fashion is a growing trend, with consumers prioritizing brands that uphold fair labor practices and use recycled materials. The market landscape is competitive, with multiple key participants offering various fashion categories and price points. Key companies include fashion designers, organized retailers, and e-commerce platforms. The market's evolution is influenced by various factors, including consumer preferences, urbanization, and technological advancements.

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The Apparel segment was va

India Fashion Retail Market was valued at USD 60.12 Billion in 2024 and is expected to reach USD 124.32 Billion by 2030 with a CAGR of 12.87% during the forecast period.

Market Size and Drivers: The India Travel Retail Market valued at USD 2.03 million in 2025 is projected to grow at a CAGR of 21.59%, reaching USD 6.93 million by 2033. This growth is driven by increasing disposable income, rising travel and tourism, and the expansion of the retail sector in airports and other transportation hubs. The growing popularity of online travel retail channels has further contributed to market growth. Trends and Market Segmentation: The market is segmented into product types including fashion and accessories, wine and spirits, tobacco, food and confectionary, fragrances and cosmetics, and other products. Airports and cruise liners are the primary distribution channels, with other channels such as railway stations and online platforms gaining traction. The market is dominated by established players such as Dufry, Delhi Duty Free, Travel Food Services (TFS) India, and The Shilla, who hold significant market share. Key trends include personalization of retail experiences, digitalization of shopping processes, and a focus on sustainable and eco-friendly packaging. Recent developments include: August 2023: Brand Concepts Ltd, a fashion retail house specializing in travel gear, handbags, and lifestyle accessories, collaborated with United Colors of Benetton to introduce an exclusive collection of travel accessories and small leather items in the Indian market., February 2023: Dufry AG, the world's largest duty-free operator, acquired Autogrill SpA, a company specializing in motorway and airport catering, from the Benetton Family.. Key drivers for this market are: Increase in Domestic Travel Driving the Market, Growing Tourist Footfall Driving the Market. Potential restraints include: Restrictions on Purchases of Number of Products, Customs Regulations and Taxation Policies. Notable trends are: Growth of Tourism is Impacting the India Travel Retail Market.

In financial year 2022, the market size of food and grocery retail was ***** billion U.S. dollars in India. In comparison, the market size of apparel and accessories retail was about ** billion U.S. dollars during the same year.

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Retail Analytics Market Size 2025-2029

The retail analytics market size is forecast to increase by USD 28.47 billion, at a CAGR of 29.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing volume and complexity of data generated by retail businesses. This data deluge offers valuable insights for retailers, enabling them to optimize operations, enhance customer experience, and make data-driven decisions. However, this trend also presents challenges. One of the most pressing issues is the increasing adoption of Artificial Intelligence (AI) in the retail sector. While AI brings numerous benefits, such as personalized marketing and improved supply chain management, it also raises privacy and security concerns among customers.
Retailers must address these concerns through transparent data handling practices and robust security measures to maintain customer trust and loyalty. Navigating these challenges requires a strategic approach, with a focus on data security, customer privacy, and effective implementation of AI technologies. Companies that successfully harness the power of retail analytics while addressing these challenges will gain a competitive edge in the market.

What will be the Size of the Retail Analytics Market during the forecast period?

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The market continues to evolve, driven by the constant need for businesses to gain insights from their data and adapt to shifting consumer behaviors. Entities such as text analytics, data quality, price optimization, customer journey mapping, mobile analytics, time series analysis, regression analysis, social media analytics, data mining, historical data analysis, and data cleansing are integral components of this dynamic landscape. Text analytics uncovers hidden patterns and trends in unstructured data, while data quality ensures the accuracy and consistency of information. Price optimization leverages historical data to determine optimal pricing strategies, and customer journey mapping provides insights into the customer experience.

Mobile analytics caters to the growing number of mobile shoppers, and time series analysis identifies trends and patterns over time. Regression analysis uncovers relationships between variables, social media analytics monitors brand sentiment, and data mining uncovers hidden patterns and correlations. Historical data analysis informs strategic decision-making, and data cleansing prepares data for analysis. Customer feedback analysis provides valuable insights into customer satisfaction, and association rule mining uncovers relationships between customer behaviors and purchases. Predictive analytics anticipates future trends, real-time analytics delivers insights in real-time, and market basket analysis uncovers relationships between products. Data security safeguards sensitive information, machine learning (ML) and artificial intelligence (AI) enhance data analysis capabilities, and cloud-based analytics offers flexibility and scalability.

Business intelligence (BI) and open-source analytics provide comprehensive data analysis solutions, while inventory management and supply chain optimization streamline operations. Data governance ensures data is used ethically and effectively, and loyalty programs and A/B testing optimize customer engagement and retention. Seasonality analysis accounts for seasonal trends, and trend analysis identifies emerging trends. Data integration connects disparate data sources, and clickstream analysis tracks user behavior on websites. In the ever-changing retail landscape, these entities are seamlessly integrated into retail analytics solutions, enabling businesses to stay competitive and adapt to evolving market dynamics.

How is this Retail Analytics Industry segmented?

The retail analytics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  In-store operation
  Customer management
  Supply chain management
  Marketing and merchandizing
  Others


Component

  Software
  Services


Deployment

  Cloud-based
  On-premises


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The in-store operation segment is estimated to witness significant growth during the forecast period. In the realm of retail, the in-store operation segment of the market plays a pivotal role in optimizing brick-and-mortar retail operations. This segment encompasses various data analytics applications with

The Report Covers India Retail Fuel Companies and the Market is segmented by Ownership (Public Sector Undertakings and Private Owned) and End User (Public Sector and Private Sector).

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E-Commerce Retail Market Size 2025-2029

The e-commerce retail market size is forecast to increase by USD 4,833.5 billion at a CAGR of 12% between 2024 and 2029.

The market is experiencing significant growth, driven by the advent of personalized shopping experiences. Consumers increasingly expect tailored recommendations and seamless interactions, leading retailers to integrate advanced technologies such as Artificial Intelligence (AI) to enhance the shopping journey. However, this market is not without challenges. Strict regulatory policies related to compliance and customer protection pose obstacles for retailers, requiring continuous investment in technology and resources to ensure adherence.
Retailers must navigate these challenges to effectively capitalize on the market's potential and deliver value to customers. By focusing on personalization and regulatory compliance, e-commerce retailers can differentiate themselves, build customer loyalty, and ultimately thrive in this dynamic market. Balancing the need for innovation with regulatory requirements is a delicate task, necessitating strategic planning and operational agility. Fraud prevention and customer retention are crucial aspects of e-commerce, with payment gateways ensuring secure transactions.

What will be the Size of the E-Commerce Retail Market during the forecast period?

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In the dynamic market, shopping carts and checkout processes streamline transactions, while sales forecasting and marketing automation help businesses anticipate consumer demand and optimize promotions. SMS marketing and targeted advertising reach customers effectively, driving sales growth. Warranty claims and customer support chatbots ensure post-purchase satisfaction, bolstering customer loyalty. Retail technology advances, including sustainable packaging, green logistics, and mobile optimization, cater to environmentally-conscious consumers. Legal compliance, data encryption, and fraud detection safeguard businesses and consumer trust. Product reviews, search functionality, and personalized recommendations enhance the shopping experience, fostering customer engagement.
Dynamic pricing and delivery networks adapt to market fluctuations and consumer preferences, respectively. E-commerce software integrates various functionalities, from circular economy initiatives and website accessibility to email automation and real-time order tracking. Overall, the e-commerce landscape continues to evolve, with businesses adopting innovative strategies to meet the needs of diverse customer segments and stay competitive.

How is this E-Commerce Retail Industry segmented?

The e-commerce retail industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Apparel and accessories
  Groceries
  Footwear
  Personal and beauty care
  Others


Modality

  Business to business (B2B)
  Business to consumer (B2C)
  Consumer to consumer (C2C)


Device

  Mobile
  Desktop


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Insights

The apparel and accessories segment is estimated to witness significant growth during the forecast period. The market for apparel and accessories is experiencing significant growth, fueled by several key trends. Increasing consumer affluence and a shift toward premiumization are driving this expansion, with the organized retail sector seeing particular growth. Influenced by social media trends, the Gen Z demographic is a major contributor to this rise in online shopping. This demographic is known for their preference for the latest fashion trends and their willingness to invest in premium products, making them a valuable market segment. Machine learning and artificial intelligence are increasingly being used for returns management and personalized recommendations, enhancing the customer experience.

Ethical sourcing and supply chain optimization are also essential, as consumers demand transparency and sustainability. Cybersecurity threats continue to pose challenges, requiring robust strategies and technologies. B2C and C2C e-commerce are thriving, with influencer marketing and e-commerce analytics playing significant roles. Customer reviews are essential for building trust and brand loyalty, while reputation management and affiliate marketing help expand reach. Sustainable e-commerce and b2b e-commerce are also gaining traction, with third-party logistics and social commerce offering new opportunitie

The India travel retail market is experiencing robust growth, projected to reach $2.03 billion in 2025 and exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 21.59% from 2025 to 2033. This expansion is fueled by several key drivers. Rising disposable incomes among the burgeoning Indian middle class are significantly boosting consumer spending on luxury goods and experiences, particularly within the travel retail sector. A surge in outbound tourism, facilitated by increased flight connectivity and more affordable airfares, further contributes to market growth. The growing popularity of experiential travel and the increasing preference for duty-free shopping are also key factors. Furthermore, strategic investments by major players in enhancing airport infrastructure and retail offerings cater to the evolving demands of the discerning traveler. The market segmentation reveals strong performance across various product categories, with fashion and accessories, wine and spirits, and fragrances and cosmetics leading the charge. While airport sales dominate, the market is also witnessing growth in cruise liners and railway station retail, suggesting diversified future opportunities. However, regulatory challenges and fluctuating currency exchange rates remain potential restraints. The competitive landscape is characterized by a mix of international giants such as Dufry and Lotte, and domestic players like The Shilla and Delhi Duty Free. These companies are strategically investing in enhancing their product portfolios, improving customer experiences, and expanding their retail footprint across key travel hubs. This intense competition drives innovation and enhances the overall market offerings. The forecast period of 2025-2033 anticipates continued strong growth, driven by the sustained positive trends outlined above. The market is expected to witness further consolidation and strategic partnerships, especially as smaller players seek to compete with established industry leaders. The ongoing infrastructure development in India's airports and railway networks also presents significant opportunities for future expansion. Data suggests that the fastest growing segment is likely to be experiential luxury goods and services, catering to the preferences of high-spending tourists. Recent developments include: August 2023: Brand Concepts Ltd, a fashion retail house specializing in travel gear, handbags, and lifestyle accessories, collaborated with United Colors of Benetton to introduce an exclusive collection of travel accessories and small leather items in the Indian market., February 2023: Dufry AG, the world's largest duty-free operator, acquired Autogrill SpA, a company specializing in motorway and airport catering, from the Benetton Family.. Key drivers for this market are: Increase in Domestic Travel Driving the Market, Growing Tourist Footfall Driving the Market. Potential restraints include: Increase in Domestic Travel Driving the Market, Growing Tourist Footfall Driving the Market. Notable trends are: Growth of Tourism is Impacting the India Travel Retail Market.

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).

India Private Corporate: RBI: Wholesale and Retail Trade: Share in Sales data was reported at 3.670 % in Dec 2018. This records an increase from the previous number of 3.569 % for Sep 2018. India Private Corporate: RBI: Wholesale and Retail Trade: Share in Sales data is updated quarterly, averaging 2.700 % from Dec 2011 (Median) to Dec 2018, with 29 observations. The data reached an all-time high of 3.670 % in Dec 2018 and a record low of 1.940 % in Mar 2017. India Private Corporate: RBI: Wholesale and Retail Trade: Share in Sales data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Investment – Table IN.OD045: Private Corporate: Reserve Bank of India: Growth: Industry: Wholesale and Retail Trade.

The India Online Retail Market was valued at USD 120.75 Billion in 2024 and is expected to reach USD 356.81 Billion by 2030 with a CAGR of 19.85% during the forecast period.