Retail and Wholesale Global Market Report 2024

The retail and wholesale market size has grown strongly in recent years. It will grow from $78335.27 billion in 2023 to $84328.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The expansion observed in the historical period can be ascribed to the swift increase in population, robust economic growth in emerging markets, low interest rates, rising population density in urban areas, foreign direct investment (FDI) in retail within developing nations, and the ample availability of retail finance options.

The retail and wholesale market size is expected to see strong growth in the next few years. It will grow to $110851.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The expansion projected in the forecast period can be attributed to the increasing population, a growing number of middle-class consumers, the proliferation of e-commerce, technological advancements, the impact of data analytics, and a consumer preference for local shopping. Major trends expected in the forecast period include investments in innovative technologies, the adoption of automation techniques, the establishment of brick-and-mortar stores, collaboration with big data analytics providers, the integration of robotics, the provision of unique shopping experiences, investments in drone deliveries, the implementation of omni-channel shopping solutions, investments in sustainable products, the adoption of digital platforms, investments in smart shelf solutions, investments in unmanned convenience stores, the adoption of inventory management systems, investments in RFID technology, potential collaborations with e-commerce players, the utilization of predictive analytics tools, the use of AI platforms, investments in franchising, and the expansion of supermarket chains.

Numerous retailers and wholesalers are adopting a robust and integrated strategy for data analytics in management. This technology is being utilized to improve supply chain efficiency, streamline operations for customer engagement, and foster loyalty. Data has become indispensable for the majority of retail operations. With the swift growth in retail data and the availability of technologies for data analysis, retailers are expected to find it easier to identify and fulfill the needs and expectations of their customers. This is anticipated to propel the market forward.

The increasing prevalence of e-commerce is poised to drive the growth of the retail and wholesale market in the foreseeable future. E-commerce, the process of buying and selling goods and services over the internet, involves the electronic exchange of products, services, or information between businesses, consumers, or both. The e-commerce sector offers greater convenience, cost savings, efficiency, and better market reach for the retailing and wholesale industries. E-commerce enables retailers to reach customers worldwide, providing valuable data on customer behavior and preferences, allowing retailers to make data-driven decisions. For instance, in August 2023, according to the United States Census Bureau, a US-based government agency, the estimate for e-commerce in the second quarter of 2023 increased by 7.5% compared to the second quarter of 2022, while overall retail sales increased by 0.6%. Therefore, the increasing prevalence of e-commerce is propelling the growth of the retail and wholesale market.

The retail and e-commerce sectors are increasingly investing in drones to reduce delivery times and enhance profitability. Drones, unmanned aerial vehicles (UAVs) controlled remotely or autonomously through software-controlled flight plans, offer a means for retailers to minimize costs and expedite product delivery to customers compared to traditional methods. For instance, Amazon has directed investments into its Prime Air drone deliveries, claiming to complete deliveries within a remarkable 30 minutes. While Amazon has initiated drone delivery trials in the UK, regulatory approval in the US is still pending.

Major companies in the retail and wholesale market are directing their focus toward innovative retail services, including quick retail, to provide reliable services to their customers. Quick retail is a strategy emphasizing speed and efficiency in online retail operations, aiming to deliver a fast and seamless shopping experience. In October 2022, Arzoo, an India-based retail technology platform, launched quick retail. This just-in-time supply strategy is designed to boost offline shop sales by guaranteeing next-day delivery. The solution enables electronic retail outlets to expand their product offerings without the need to invest in extensive inventory. The quick shopping solution provides direct access to over 20,000 products and a rapid delivery mechanism, aligning with its goal to democratize shopping by empowering offline retailers.

Major companies operating in the retail and wholesale market report are Walmart Inc., Amazon.com, Inc., Costco Wholesale Corporation, CVS Health Corporation, Schwarz Group, Walgreens Boots Alliance, Inc., The Kroger Company, AmerisourceBergen Corporation, The Home Depot, Inc., Target Corporation, Nice Tuan, Easyhome New Retail Group Co. Ltd., Bianlifeng, Suning.com, Seven-Eleven, Lawson, Family Mart, Ministop, V-Mart Retail, Infiniti Retail Ltd., Uniqlo, Seven &i Holdings Co., Ltd., Muji, JB Hi-Fi, Flipkart Wholesale, MaxWholesale, Jumbotail, ShopKirana, Alibaba, Shein, Rakuten, Marubeni, Woolworths Wholesale, Auchan Holding SA, SPAR, Carrefour SA, 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., Kitwave Group, Hancocks Cash & Carry, Surya Foods Online, Brenntag AG, Phoenix Pharmahandel GmbH & Co., X5 Retail Group, Magnit, Profi, Lenta, Dixy Group, Stokrotka Sp. z o.o., Perekrestok Express, O’Key Group, Globus, Zabka, Spolem, Groszek, Eurocash, Ozon, 36.6 Group, Qoovee, Avalon, Stanro Grupa mpt, Frisco.pl, Pelion, Makro Cash & Carry ČR (Czech Republic), Staples, 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, Needs Convenience, OXXO, C&S Wholesale Grocers, Heineken, Supervalu, Spartan, Nash Performance Food Group Company, McKesson Corporation, Sysco Corporation, United Natural Foods, Clif Bar & Company, First Quality Enterprises, Harlan Bakeries, Steeped Tea, Sercal, Africa Imports, Apparel de México, S.A. de C.V., Exalta Hero, Distribuidora de Medicamentos SantaCruz, Audifar Comercial Ltd., Aurora, Caromar, El Comercio, Allpa, Majid Al Futtaim, AlHokair Fashion Retail, Azadea Group, Savola, Almeera Group, Al Madina Group, Lulu, Al Tayer Group, Circle K, M.G.S. Sport Trading Ltd., Chalhoub Group, Silver Line Gate Foodstuff Trading L.L.C., Choppies, Shoprite Holdings, Pick n Pay Stores, Massmart, FreshStop, Freshzo Foods and Food Lover’s Market.

Asia-Pacific was the largest region in the retail and wholesale market in 2023. North America was the second-largest region in the retail and wholesale market. The regions covered in the retail and wholesale market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the retail and wholesale market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The retail and wholesale markets consist of revenue earned by entities by retailing and wholesaling merchandise. Retailers sell merchandise to the general public for personal or household consumption, but some also serve business and institutional clients. Wholesalers sell merchandise to other businesses and normally operate from a warehouse or office. This includes merchant wholesalers that sell goods on their own account and agents and brokers that arrange sales and purchases for others generally for a commission or fee. Retailers and wholesalers take ownership of the goods and bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from producers to consumers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.


The primary categories in the retail and wholesale sector are retail and wholesale. Retail involves the sale of items to the general public in relatively small quantities for direct use or consumption. Ownership structures include wholesale/distribution chains and independent wholesalers offering products at premium, mid-range, and economy price points. These goods are distributed through various channels, such as supermarkets/hypermarkets, convenience stores, department stores, specialty stores, online platforms, and others.

The retail and wholesale market research report are one of a series of new reports that provides retail and wholesale market statistics, including retail and wholesale industry global market size, regional shares, competitors with a retail and wholesale market share, detailed retail and wholesale market segments, market trends and opportunities, and any further data you may need to thrive in the retail and wholesale industry. This retail and wholesale market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.