IMARC Group, a leading market research company, has recently releases report titled “India Retail Market Report by Product (Food and Beverages, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys and Hobby, Electronic and Household Appliances, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the India retail market share, size, trends, and growth share. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the India Retail Market?
India retail market size is projected to exhibit a growth rate (CAGR) of 13.90% during 2024-2032.
The India retail market is expanding rapidly, owing to a rise in consumer spending and the rapid urbanization of the country. Besides this, the demand for a variety of retail goods is being greatly increased by the middle class’s expansion and growing disposable incomes. Additionally, the penetration of the internet and smartphones has facilitated a boom in e-commerce, making online shopping highly accessible and popular among consumers. Moreover, the initiatives of the government bodies, such as the Digital India campaign and policy reforms to remove foreign direct investment (FDI) norms in retail, are further propelling the India retail market forward. Meanwhile, retailers are increasingly leveraging technology to enhance customer experiences, streamline operations, and offer personalized services, thus attracting customers.
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India Retail Market
Another major trend in the India retail market is the growing preference for organized retail formats over traditional, unorganized retail. This shift is driven by the convenience, variety, and quality assurance offered by modern retail stores and online platforms. Consequently, the rise of omni-channel retailing, where retailers integrate their online and offline operations, is providing consumers with seamless shopping experiences. In addition, there is a noticeable increase in the need for sustainable products as consumers become more environmentally conscious. Apart from this, the adoption of advanced technologies such as artificial intelligence, big data analytics, and the Internet of Things (IoT) in retail operations is enhancing efficiency and customer satisfaction, positioning the India retail market for continued growth and innovation.
India Retail Market Segmentation
Product Insights:
- Food and Beverages
- Personal and Household Care
- Apparel, Footwear and Accessories
- Furniture, Toys and Hobby
- Electronic and Household Appliances
- Others
Distribution Channel Insights:
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- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
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Regional Insights:
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- North India
- West and Central India
- South India
- East and Northeast India
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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