Retail Market Report 2026

The retail market size has grown strongly in recent years. It will grow from $30.62 trillion in 2025 to $32.9 trillion in 2026 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growth of brick-and-mortar stores, increasing consumer spending, expansion of supermarket chains, rising demand for convenience stores, early adoption of e-commerce platforms.

The retail market size is expected to see strong growth in the next few years. It will grow to $44.91 trillion in 2030 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to rise of online shopping & e-commerce, adoption of AI-driven retail solutions, increasing smartphone penetration, demand for sustainable and ethical products, integration of AR/VR experiences in retail. Major trends in the forecast period include omnichannel retail integration, personalization & customer experience optimization, supply chain transparency & efficiency, contactless payments & digital wallet adoption, mobile commerce & social commerce growth.

The rising demand in the food and beverage sector is anticipated to drive the expansion of the retail industry in the coming years. Food and beverages encompass the preparation, distribution, and consumption of edible products and drinks. They enhance customer experiences, boost revenue, and help businesses remain competitive in a constantly evolving retail environment. For example, in March 2025, the Australian Bureau of Statistics, a national statistical agency, reported that approximately 15.3 million tonnes of food and non-alcoholic beverages were sold across supermarkets, grocery stores, convenience stores, and specialty food outlets in Australia during 2023-24, marking a 3.5% increase (510,500 tonnes) compared to 2022-23. Hence, the growing demand for food and beverages is contributing to the expansion of the retail industry.

Prominent companies in the retail market are prioritizing innovative retail services such as collect and receive to offer reliable services to their customers. The collect and receive retail delivery service is designed to provide flexibility, allowing customers to choose the most convenient delivery method based on their preferences and schedule. For example, in September 2023, Uber Technologies Inc., a US-based ride-sharing and transportation network company, and Oracle Corporation, a US-based technology company, launched the collect and receive service. This service integrates on-demand delivery with e-commerce, point-of-sale, procurement, customer relationship management, merchandising, inventory planning, distribution, and restocking systems. Uber and Oracle collaborate to enable the multitude of retailers and brands using Oracle retail apps to leverage the Uber Direct on-demand shipping platform, facilitating seamless product deliveries and returns.

In May 2025, Kingswood Capital Management, a US-based private equity and investment firm, along with Performance Investment Partners, a US-based investment firm, acquired The Vitamin Shoppe for around $193.5 million. Through this acquisition, the buyers aim to foster strategic growth by investing in omnichannel retail capabilities, strengthening digital marketing and e-commerce, and expanding the brand portfolio and customer engagement within the health and wellness sector. The Vitamin Shoppe is a US-based omnichannel specialty retailer offering a wide range of vitamins, minerals, sports nutrition products, specialty supplements, herbs, and wellness solutions through its physical stores and online platform.

Major companies operating in the retail market are Walmart Inc., Amazon.com, Inc., CVS Health Corporation, Costco Wholesale Corporation, Schwarz Group, The Kroger Company, Walgreens Boots Alliance, Inc., The Home Depot, Inc., Carrefour S.A., Target Corporation, Nice Tuan, Bianlifeng, Suning.com, Seven-Eleven, Lawson, Family Mart, Ministop, V-Mart Retail, Infiniti Retail Ltd, Uniqlo, Muji, JB Hi-Fi, Auchan Holding SA, SPAR, Tesco, Metro AG, Musgrave, Sainsbury's, Aldi GmbH & Co. KG, Co-operative Group Limited, McColl's, Wm Morrison Supermarkets plc, Waitrose & Partners, Groupe Casino, Marks and Spencer Group plc, Mercadona, Rewe Group, Asda Stores Ltd., X5 Retail Group, Magnit, Profi, Lenta, Dixy Group, Stokrotka Sp. z o.o., Perekrestok Express, O’Key Group, Globus, Zabka, Spolem, Groszek, Eurocash, Staples, Office Depot, Sportsman's Warehouse Holdings Inc., Empire Company Ltd., Yesway, Alimentation Couche-Tard, Casey's General Stores, Love's Travel Stops & Country Stores, Marathon Petroleum Corporation, Cencosud, Makro Atacadista S.A., LojasAmericanas, Grupo Pão de Açúca, RaízenConveniências, Cia Brasileira de Distribuicao (GPA), Majid Al Futtaim, AlHokair Fashion Retail, Azadea Group, Savola, Almeera Group, Al Madina Group, Lulu, Al Tayer Group, Circle K, Choppies (South Africa), Massmart, Woolworths Holdings Limited, FreshStop, Pick n Pay, Shoprite, Freshzo Foods, Food Lover’s.

Asia-Pacific was the largest region in the retail market in 2025. North America was the second-largest region in the retail market. The regions covered in the retail market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the retail market report are China; India; Japan; Australia; Indonesia; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; Taiwan; New Zealand; UK; Germany; France; Italy; Spain; Austria; Belgium; Denmark; Finland; Ireland; Netherlands; Norway; Portugal; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

The retail market includes revenues earned by entities by providing retail services through supermarkets, convenience stores, specialty stores, department stores, and warehouses. The market value includes the value of related goods sold by the service provider or included within the service offering. The retail market also includes sales of food, hard or durable goods, soft goods and art goods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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