Organized Retail Market is Segmented By Product Type (Electric, Food, Consumer, Others), By Application (Personal, Commercial), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.
Market Size in USD Bn
CAGR4.2%
Study Period | 2023 - 2030 |
Base Year of Estimation | 2022 |
CAGR | 4.2% |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players | Amazon, Apple, eBay, Flipkart, Future Group and Among Others. |
The Organized Retail Market size is expected to reach US$ 37.82 Billion by 2030, from US$ 28.34 Billion in 2023, at a CAGR of 4.2% during the forecast period. Organized retail refers to trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc.
Global Organized Retail Market Analysis
The Organized Retail Market is segmented by product type, ownership, price range, shopping experience, location and region. By product type, the market is segmented into food and grocery, health and beauty products, clothing and footwear, home furnishings and consumer electronics and others. The food and grocery segment accounted for the largest market share in 2022. The high growth of this segment is attributed to factors like growing preference for one-stop shopping experience and increasing demand for fresh & hygienic food products.
These include hypermarkets, supermarkets, department stores, convenience stores, and specialty stores located in malls, high streets or other such places. The organized retail sector provides a seamless shopping experience through clean, air-conditioned and orderly outlets. The market is driven by factors like rising disposable incomes, growing middle class, rapid urbanization and changing lifestyles.
Global Organized Retail Market Regional Insights
Figure 1. Global Organized Retail Market Share (%), By Region, 2023
Amazon, Apple, eBay, Flipkart, Future Group, Landmark Group, Pantaloons Retail, Reliance Retail, Shoppers Stop, Tata Group, Puma.
Organized Retail Market
The global organized retail market is primarily driven by growing consumerism, urbanization, rising disposable incomes and changing lifestyles in developing countries. According to estimates, the global middle class population is expected to exceed 5 billion by 2030. This demographic shift offers a massive customer base for supermarkets and hypermarkets to scale up their operations. However, frequent changes in consumer preferences and shopping behaviors due to rapid digitalization pose major challenges. Moreover, high rentals and real estate costs associated with large format stores restrain expansion. On the other hand, the growing e-commerce wave has created opportunities for retailers to strengthen their omnichannel presence and last-mile delivery networks. Furthermore, the emergence of new retail concepts such as dark stores and robotics-powered fulfillment centers allow better inventory management and customer experience.
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What are the key factors hampering growth of the Organized Retail Market?
High real estate costs, complex regulations, rising e-commerce competition, lack of infrastructure in developing countries, challenges in supply chain and inventory management.
What are the major factors driving the Organized Retail Market growth?
Rising disposable incomes, growing middle class, increasing urbanization, busier lifestyles, preference for one-stop shopping experience.
Which is the leading component segment in the Organized Retail Market?
The food and grocery segment accounted for the largest share in the Organized Retail Market.
Which are the major players operating in the Organized Retail Market?
Amazon, Apple, eBay, Flipkart, Future Group, Landmark Group, Pantaloons Retail, Reliance Retail, Shoppers Stop, Tata Group, Puma.
Which region will lead the Organized Retail Market?
North America is expected to continue leading the Organized Retail Market.
What will be the CAGR of Organized Retail Market?
The CAGR of the Organized Retail Market is expected to be 4.2% during 2023-2030.