Over two-thirds, 69 percent, of Walmart’s global net sales were generated by the company’s Walmart U.S. division in fiscal year 2023. Historically, Walmart U.S. has been responsible for the majority of Walmart’s sales. Walmart's U.S. division operates in all 50 states of the United States, Washington D.C. and Puerto Rico. The International division operates in 18 countries outside the United States such as Canada, Costa Rica, Mexico, India, and South Africa, to name a few. Lastly, Sam's Club operates in 44 states in the United States and in Puerto Rico.

Walmart’s business divisions
Walmart is a behemoth in the retail industry, generating revenues upwards of 500 billion U.S. dollars in the last number of years. The company, formerly known as Wal-Mart Stores, Inc., is one of the most well-known and valuable brands in the world. Walmart began in the United States as a single discount store, whose model was to sell more for less. Nowadays, Walmart has discount stores, supercenters, and neighborhood markets all around the world. The multinational company has developed into the largest retailer in the world. Walmart deals in a wide variety of products, such as groceries, apparel, furniture, home appliances, and electronics. The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart U.S. operates retail stores in the company’s domestic market of the United States. This segment also includes Walmart’s U.S. eCommerce website: walmart.com. The company’s Walmart International and Sam’s Club business divisions operate globally generating revenue through retail, wholesale, membership club, and online product sales.

In 2025, grocery sales accounted for 59.7 percent of the net sales of Walmart U.S. in the United States. In contrast, only 13.5 percent corresponded to health and wellness. WalmartWalmart was founded in 1962 by Sam Walton when he and his brother James “Bud” Walton opened the first Wal-Mart Discount City in Rogers, Arkansas. Since then, Walmart has grown to become the largest publicly-owned retail company in the world. In the United States, the company includes Walmart discount stores, supercenters, neighborhood markets, and Sam’s Club warehouse membership clubs. Beginning in the early 1990s, Walmart went to great lengths to increase their market share. They introduced a full line of groceries into their stores, diversified their market by appealing to certain ethnic groups through bilingual advertisements, and took steps to promote the awareness of environmental issues. Company divisionsWalmart deals in a wide variety of products, such as groceries, apparel, furniture, home appliances, and electronics. The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart’s strongest segment, in terms of revenue, is Walmart U.S., which operates retail stores in the company’s domestic market of the United States. This segment also includes Walmart’s U.S. eCommerce website: walmart.com. In 2023, Walmart U.S. had net sales of 442 billion U.S. dollars.. The company’s Walmart International and Sam’s Club business divisions operate globally generating revenue through retail, wholesale, membership club, and online product sales. As of fiscal year 2024, around 13 percent of Walmart’s net sales came from Sam's Club division.

Walmart captured a **** percent share of the U.S. food and beverage market, making it the top food and beverage retailer in the United States in 2016. Kroger came in second place, with an *** percent share of the market. Walmart in the United States Walmart is by far the biggest retailer in the United States. In 2017, the company generated about ***** billion U.S. dollars in retail sales in the United States. To put that figure in perspective, the e-commerce giant Amazon.com only had retail sales of about *** billion U.S. dollars. Between 2015 and 2019, the U.S. segment of Walmart has experienced positive and increasingly larger sales growth rates. Between 2018 and 2019, Walmart U.S. sales increased by *** percent. U.S. Supermarkets As of 2018, there were about ****** supermarkets in the United States. Most of these supermarkets are categorized as conventional supermarkets. Some other common types of supermarkets are supercenters, limited assortment supermarkets, and natural/gourmet food markets. About ** percent of all U.S. supermarket sales are attributed to the perishables department. This department includes meat, fresh produce, and dairy, among other categories.

Walmart India had a relative market share of about **** percent in financial year 2020. An exponential decrease in the market share was seen over the years from financial year 2017. The company operates about ** modern wholesale stores across India under the brand 'Best Price'.

Walmart reported $766.56B in Market Capitalization this July of 2025, considering the latest stock price and the number of outstanding shares.Data for Walmart | WMT - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last July in 2025.

In the fiscal year ended January 31, 2024, Walmart's global net sales amounted to 642.6 billion U.S. dollars, an increase of approximately six percent in comparison to a year earlier.

Walmart Walmart was founded in 1962 by Sam Walton when he and his brother James “Bud” Walton opened the first Wal-Mart Discount City in Rogers, Arkansas. Since then, Walmart has grown to become the largest publicly-owned retail company in the world. In the United States, the company includes Walmart discount stores, supercenters, neighborhood markets, and Sam’s Club warehouse membership clubs. The company also has many international operations. Walmart is considered a variety store which focuses on low prices featuring apparel as well as hard goods, and has been committed to upholding their basic value of customer service. Beginning in the early 1990s, Walmart went to great lengths to increase their market share. They introduced a full line of groceries into their stores, diversified their market by appealing to certain ethnic groups through bilingual advertisements, and took steps to promote the awareness of environmental issues.As of 2024, Walmart operated 10,616 stores worldwide; with 4,615 of those stores located in the United States alone.

The global department stores market is projected to reach a value of XX million by 2033, exhibiting a CAGR of 6.0% from 2025 to 2033. This growth is primarily driven by the increasing disposable income, changing consumer preferences, and the convenience of one-stop shopping. The adoption of omnichannel retailing strategies by department stores to cater to evolving customer expectations is further contributing to market expansion. Asia Pacific is expected to emerge as a lucrative market, owing to the presence of a large consumer base and the strong growth of e-commerce in the region. Key players in the market include Marks and Spencer Group Plc, Macy's Inc., Sears Holdings Corp., Target Corporation, Nordstrom Inc., Walmart Inc., Isetan Mitsukoshi Holdings Ltd., Kohl's Corporation, Chongqing Department Store Co Ltd., and Lotte Department Store. These companies are focusing on product innovation, strategic acquisitions, and expansion into new markets to maintain their competitive position. Recent developments include: February 2023: Macy's launches PATTERN Beauty with the brand's extensive assortment of washes, treatments, styling tools, and more. As the brand's first-ever department store partner, PATTERN expands Macy's portfolio of hair care products, specifically in the curl category., January 2023: Marks and Spencer announced its nearly half-a-billion investment in bigger, better stores across the UK. The retailer's investment will generate over 3,400 new jobs across the country and aims to create a fit for the future M&S store estate and a seamless experience for its customers every time they shop.. Notable trends are: Increase in Retail E-Commerce Sales have the Negative Impact on Department Stores Market.

Walmart International's net sales amounted to around 122 billion U.S. dollars in the fiscal year ended January 31, 2025. An increase of about seven million dollars from the previous year. Meanwhile, Sam's Club had net sales amounting to about 90.2 billion U.S. dollars. Between 2021 and 2022 the net sales of Walmart International had decreased by nearly 21 billion dollars due to the end of the company's operations in the United Kingdom and Japan. WalmartWal-Mart was founded in 1962 by Sam Walton when he and his brother James “Bud” Walton opened the first Wal-Mart Discount City in Rogers, Arkansas. Since then, Wal-Mart has grown to become the largest publicly-owned retail company in the world. In the United States, the company includes Wal-Mart discount stores, Supercenters, Neighborhood Markets, and Sam’s Club warehouse membership clubs. The company also has many international operations. Wal-Mart is considered a variety store which focuses on low prices featuring apparel as well as hard goods, and has been committed to upholding their basic value of customer service.Beginning in the early 1990s, Wal-Mart went to great lengths to increase their market share. They introduced a full line of groceries into their stores, diversified their market by appealing to certain ethnic groups through bilingual advertisements, and took steps to promote the awareness of environmental issues.As of 2024, Walmart operated just under 11,000 stores worldwide of which 10,616 were retail units. As of that year, the company generated nearly 643 billion U.S. dollars in net sales.

Swings in the economy have a limited impact on warehouse clubs and supercenters because these retail establishments offer low-priced goods. When consumer sentiment is high, shoppers spend more time visiting industry retailers and buying extra items. Conversely, when consumer sentiment is low, warehouse clubs and superstores draw a larger pool of consumers as households seek to cut expenses by buying in bulk for the future. Many of these retailers have been able to attract and retain more business by offering memberships and reward programs that disincentivize consumers to visit the competition. Revenue for warehouse clubs and supercenters is expected to climb at a CAGR of 3.2% to $771.1 billion through the end of 2025, including growth of 2.8% in 2025 alone. In the same year, profit will account for 3.5% of revenue, a dip from 2020 because of strong competitive forces and inflation. Online companies can undercut traditional warehouse clubs and supercenters' prices by taking advantage of lower operational costs. The brick-and-mortar warehouse clubs and supercenters incur higher operational costs than online-based businesses because they pay for high-traffic retail space and require employees for daily operations. Retailers are increasingly optimizing their online presence for mobile shopping. Walmart, a leader in the industry, has introduced a competing service known as Walmart+, which costs $98.00 annually. Walmart+ provides members with unlimited free deliveries, fuel discounts and a more streamlined in-store shopping experience via the Scan & Go feature on the Walmart app. Although this service emphasizes increasing Walmart's e-commerce sales, the fuel discounts and access to the Scan & Go feature on the company's app will encourage in-store purchases. Warehouse clubs and supercenters' revenue will expand as the domestic economy surges. Consumer spending and corporate profit boosts encourage future revenue growth by prompting more consumers to buy club memberships and spend on bulk purchases. Consumption rates will continue to climb across the US, promoting strong foot traffic and these retailers that often sell products in bulk. Nonetheless, increasing online competition will continue to threaten the industry as retailers like Amazon expand their customer base. Revenue for warehouse clubs and supercenters is expected to swell at a CAGR of 2.3% to $862.8 billion through the end of 2030.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Will Walmart (WMT) Stock Rocket?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Walmart stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

According to estimates, Amazon claimed the top spot among online retailers in the United States in 2023, capturing 37.6 percent of the market. Second place was occupied by the e-commerce site of the retail chain Walmart, with a 6.4 percent market share, followed in third place by Apple, with 3.6 percent.

Amazon’s continued success

Amazon has long dominated the e-commerce market as the world’s favorite online marketplace. In 2022, company hit over half a trillion U.S. dollars in net sales. The United States is by far Amazon’s most profitable market, as the U.S. branch generated over 356 billion U.S. dollars in sales in 2022. Germany ranked second, with 33 billion dollars, followed closely by the United Kingdom with 30 billion dollars.

Online shopping on the rise

Online shopping has grown significantly over the past decade, with more people turning to the internet for their shopping needs. The proof is in the numbers: the U.S. e-commerce industry was worth almost a trillion dollars in 2023. By 2027, forecasts show that the online market will grow to more than 50 percent. U.S. online shoppers purchase fashion and food and beverages the most via the internet.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Walmart Goes Global: Doubling Down on International Growth

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

The global department store market, valued at $546.63 million in 2025, is projected to experience steady growth, driven primarily by the increasing preference for omnichannel shopping experiences and the continued appeal of curated product assortments across various categories. Consumers value the convenience of browsing diverse product lines under one roof, ranging from apparel and footwear to home goods, electronics, and cosmetics. This integrated shopping experience, coupled with loyalty programs and personalized services offered by major players like Walmart, Costco, and Target, contributes significantly to market stability. However, the sector faces challenges from the rise of e-commerce giants and the increasing popularity of specialized retailers. To maintain competitiveness, department stores are investing heavily in digital transformation, enhancing their online presence, and integrating online and offline operations seamlessly. This includes initiatives like improved website design, robust mobile apps, click-and-collect options, and personalized marketing strategies. The expansion into new markets, particularly in rapidly developing economies in Asia and the Middle East, also presents significant growth opportunities for department stores. Strategic acquisitions and partnerships are key strategies adopted by leading players to increase market penetration and expand their product portfolio. The segment analysis reveals that clothing and footwear remain the dominant category within the department store market, followed by home and kitchen appliances and bags, wallets, and luggage. The large-size segment holds a larger market share compared to the small-size segment, reflecting consumer demand for a wider array of products. Regional variations are also evident, with North America and Europe currently holding the largest market shares. However, Asia-Pacific presents significant untapped potential due to rising disposable incomes and changing consumer preferences. The competitive landscape is highly fragmented, with numerous established players and regional chains vying for market dominance. The long-term success of department stores will depend on their ability to adapt to evolving consumer behaviors, embrace digital technologies, and offer a compelling value proposition that differentiates them from online and specialized competitors.

The global retail industry, valued at $32.68 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 7.65% from 2025 to 2033. This expansion is fueled by several key factors. The increasing adoption of e-commerce platforms, particularly among younger demographics, is significantly impacting the industry's trajectory. Consumers are increasingly drawn to the convenience, wider selection, and often lower prices offered by online retailers. Furthermore, the rise of omnichannel retail strategies, integrating both online and offline experiences, is enhancing customer engagement and driving sales. Globalization and the expansion of international markets also contribute to the sector's growth, with companies like Walmart and Amazon leading the way in global expansion and market penetration. However, the industry faces challenges such as intense competition, rising logistics costs, and the need to adapt to evolving consumer preferences and technological advancements. Successful players are focusing on data-driven decision-making, personalization of customer experiences, and sustainable practices to remain competitive. Segmentation within the retail sector, encompassing food and grocery, personal care, apparel, furniture, and pharmaceuticals, provides diverse growth avenues, with each segment responding differently to broader economic trends and technological innovations. The geographical distribution of market share also reveals regional variations, with North America and Asia Pacific expected to maintain leading positions, propelled by strong consumer spending and robust infrastructure development. The retail landscape is becoming increasingly dynamic, characterized by a shift in consumer behavior and technological disruption. The integration of artificial intelligence (AI) and machine learning (ML) in areas like inventory management, supply chain optimization, and personalized marketing is transforming operational efficiency and enhancing customer experience. The rise of subscription models and the growth of the gig economy are also impacting the retail workforce and delivery mechanisms. Competition is particularly fierce among major players, necessitating strategic partnerships, acquisitions, and a focus on innovation to maintain market share. Maintaining a strong brand reputation, incorporating robust cybersecurity measures, and adhering to evolving consumer privacy regulations are critical for long-term success in this competitive and ever-changing industry. The next decade will likely see further consolidation within the sector, with larger companies acquiring smaller competitors and enhancing their market dominance through technology and efficient operations. Recent developments include: October 2023: Amazon announced that it provides online shopping services in South Africa to assist independent retailers in starting, expanding, and growing their enterprises.August 2023: Italian luxury fashion brand Gucci and Chinese e-commerce giant JD.com, popularly known as Jingdong, have partnered digitally. With the launch of a new digital flagship shop on the e-commerce retailer's platform, the partnership will reach a significant milestone.May 2023: Walmart announced the launch of over 28 healthcare facilities in its Walmart Supercenters, providing value-based and dental care services, among others.. Key drivers for this market are: Rapid Expansion of Urban Areas, Rise of E-commerce and Omnichannel Retailing. Potential restraints include: Rapid Expansion of Urban Areas, Rise of E-commerce and Omnichannel Retailing. Notable trends are: E-commerce is the Fastest-growing Segment in the Retail Industry.

The global hypermarket market, valued at $774.27 million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 2.50% from 2025 to 2033. This growth is driven by several factors. The increasing urbanization and a growing middle class in developing economies are fueling demand for convenient, one-stop shopping experiences offered by hypermarkets. The rise of e-commerce has also indirectly contributed, pushing traditional hypermarkets to enhance their online presence and offer omnichannel experiences, leading to improved customer engagement and loyalty. Furthermore, strategic partnerships with food and beverage companies, the expansion of private labels, and the implementation of loyalty programs are key strategies employed by hypermarket chains to attract and retain customers in a competitive landscape. However, the market faces challenges such as intensifying competition from online retailers and smaller, specialized stores focusing on niche products. Rising labor costs and operational expenses also pose significant hurdles. The market is segmented by ownership (retail chain vs. independent retailer) and application (consumer electronics, furniture, food & beverage, toys & stationery, personal care, cosmetics, home textiles, dresses, and other applications). Major players such as Walmart, Tesco, and Aldi Nord are actively involved in mergers, acquisitions, and strategic expansions to consolidate their market position and drive growth. Regional variations in market growth are expected, with developing economies in Asia-Pacific and regions with robust infrastructure in North America and Europe demonstrating stronger growth potential than some other regions. The segmentation of the hypermarket market reveals distinct growth opportunities within different product categories. The food and beverage segment is likely the largest, given its essential nature and the high volume transactions it generates within hypermarkets. However, segments like consumer electronics and furniture are also experiencing growth driven by evolving consumer lifestyles and technological advancements. The competitive landscape is characterized by both large multinational corporations and regional players. The success of individual players hinges on their ability to adapt to changing consumer preferences, leverage technological advancements, and efficiently manage supply chains while remaining cost-competitive. Effective inventory management, optimized store layouts, and strong customer relationship management strategies are crucial for sustained success in this dynamic market. Future growth will likely be driven by further investments in technology, including advanced analytics to improve efficiency and enhance customer experience. Recent developments include: August 2022: Kaufland acquired Sofia's central market hall in Germany. The acquisition was done for USD 17.7 million in Kaufland in preparation for opening a new store. Sofia Central is a 3,435-square-meter building with the Israeli company Ashtrom as its previous owner., July 2022: PX Mart acquired RT-Mart. PX Mart acquired 95.97 percent of RT-Mart's share from France's Auchan SA and Taiwan's Ruentex Group for USD 384.02 million in this acquisition., November 2021: With its objective of innovating in digital expansion, Walmart acquired "select technology assets" from Botmock. With this acquisition, Walmart will be enabling shopping via voice and chat, which it calls "conversational commerce".. Notable trends are: Consumer Choice Behavior Affecting Hypermarket Market.

In 2025, the leading grocery stores in the United States held close to two thirds of the total industry market share. Walmart held the top position with **** percent, followed by Kroger at just under **** percent. Kroger Co. As one of the leading supermarket chains, Kroger has been become a favorite among consumers. Founded by Bernard Kroger in 1883, the company opened its first store in Cincinnati, Ohio and now operates more than ***** grocery retail stores in the United States. Grocery shopping behavior Among the diverse options for food acquisition, supermarkets and superstores are the preferred for consumers. Even though online grocery shopping is on the rise, it is still not up to par with warehouse clubs or discount stores. When it comes to frequency, grocery shopping trips have decreased since the early 2000s, perhaps to adapt to economic pressures like inflation, which has drastically changed the way consumers shop.

[Keywords] Market include Home Depot Product Authority, Walmart, Lowe's, Target Brands, Bed Bath and Beyond

In fiscal year 2024, Walmart International registered sales of approximately 49.7 billion U.S. dollars in Mexico and Central America. Meanwhile, net sales in China amounted to around 17 billion, up from about 13.9 billion in the previous year. Walmart International had total net sales of approximately 115 billion U.S. dollars that year. Walmart Walmart was founded in 1962 by Sam Walton when he and his brother James “Bud” Walton opened the first Wal-Mart Discount City in Rogers, Arkansas. Since then, Walmart has grown to become the largest publicly-owned retail company in the world. In the United States, the company includes Walmart discount stores, supercenters, neighborhood markets, and Sam’s Club warehouse membership clubs. Company divisions The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart’s strongest segment, in terms of revenue, is Walmart U.S., which operates retail stores in the company’s domestic market of the United States. The company’s Walmart International and Sam’s Club business divisions operate globally generating revenue through retail, wholesale, membership club, and online product sales. As of fiscal year 2024, around 18 percent of Walmart’s net sales came from the international division. This division saw its sales fluctuate during the last decade, and especially saw a significant drop when, in the first quarter of fiscal 2022, the company terminated its operations in the United Kingdom and Japan.

The global grocery delivery app market is experiencing robust growth, driven by increasing consumer demand for convenience, busy lifestyles, and the expansion of e-commerce. The market, estimated at $150 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This significant expansion is fueled by several key factors, including the rising adoption of smartphones and mobile internet penetration, coupled with the proliferation of user-friendly grocery delivery applications offering seamless ordering and fast delivery services. Furthermore, the integration of advanced technologies like AI-powered recommendation engines and real-time order tracking enhances the user experience and drives market growth. The market's segmentation reflects diverse consumer preferences, with varying order minimums for free delivery and specialized apps catering to specific needs like fresh food or medicinal supplies. Key players such as Instacart, Amazon, Walmart, and regional giants like Getir and Shipt are actively shaping the competitive landscape through strategic partnerships, technological advancements, and aggressive expansion into new markets. The market also sees increasing competition from traditional grocery stores integrating delivery services into their business models. The growth trajectory is further supported by expanding delivery networks, improved logistics, and an increasing preference for contactless delivery, particularly post-pandemic. However, challenges remain, including maintaining profitability given high operational costs, ensuring efficient delivery times, and navigating regulatory hurdles related to food safety and delivery regulations. Competition is fierce, requiring continuous innovation and adaptation to customer preferences to maintain market share. Growth is expected to be particularly strong in developing economies where e-commerce adoption is accelerating rapidly. The segments showing the fastest growth are likely those focused on fresh food and daily necessities, driven by consumer desire for quick and convenient access to essential items. Geographical expansion into underserved regions will also be a key driver of market growth over the forecast period.