Consumer Product And Retail Market Size, Share, Growth & Trends, Analysis by 2024 - 2031 | Metro AG, Kroger Company, Carrefour SA

Market Overview:

The global consumer product and retail market was valued at US$ 21.13 trillion in 2023 and is forecast to reach a value of US$ 34.44 trillion by 2030 at a CAGR of 7.2% between 2023 and 2030.

Market Dynamics:

The consumer product and retail market is expected to witness significant growth during the forecast period owing to increasing online retail sales and growing demand for value-sized products. E-commerce has emerged as a popular retail channel due global digitalization and proliferation of smartphones. Online retail provides consumers with convenience in accessing a wide variety of products from different brands at competitive prices within a few clicks. Furthermore, growing health consciousness among consumers has increased demand for value-sized product variants, allowing consumers to purchase goods in smaller quantities as per their requirements. Smaller packaging also helps reduce plastic waste generation. These factors are expected to propel growth of the global consumer product and retail market during the forecast period.

🔍 Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/4759

Declining household savings

Even though rising incomes are fueling consumption, declining household savings remains a challenge constraining spend across the consumer product and retail sector. Traditionally, Indian households have maintained high savings rates to provide for life goals like children's education, marriage, purchase of assets etc. However, rates have shown a falling trend over the past decade weighed down mainly by factors like higher education costs, growing lifestyle inflation, increasing financial liabilities like home/auto loans, credit card debts etc. As per estimates, India's household saving rates dropped to below 30% in recent years versus highs of over 32-33% earlier. With discretionary budgets getting squeezed due to eroding saving capacities, consumers have held back on some big-ticket and some discretionary purchases impacting sales across segments like consumer durables, consumer electronics, home appliances and discretionary retail. Reviving household savings thus assumes importance for sustaining the consumption story.

Emergence of e-commerce

The sharp and rapid growth of e-commerce has opened up bright new opportunities for the consumer products and retail sector. Online shopping was earlier limited to just metros but has now penetrated deep into Tier 2 and 3 cities across India, driven by factors like affordable smartphones, cheap data, growing digital/payment literacy as well as improved logistics networks. Companies across segments ranging from apparel, consumer electronics to FMCG have successfully integrated e-commerce as an important sales channel. Online purchasing offers consumers access to an enormous selection of products on a single platform along with attributes like convenience, deals/offers, easy return policies etc. For companies as well, e-commerce provides an accessible route to address new markets beyond the physical reach of their brick & mortar stores. Its continued expansion driven by abovementioned factors will be a significant opportunity to drive sales volumes as well as acquire new consumers across all age groups.

Personalization and Premiumization

Today's Indian consumer is seeking products catering to individual requirements, tastes and is willing to pay premium for better quality and unique design/features. There is a clear shift towards premiumization as the affluent segment increasingly looks for differentiated offerings beyond basic or commodity products. Companies are responding with customized and exclusive products targeted at personalization as well as through premium brands. This trend is seen across categories from fashion, cosmetics to home/kitchen appliances and consumer electronics. Even mass market segments are leaning towards product variations, better aesthetics and after-sales support. Companies adopting a distinctive product development and brand-building approach tailored to evolving consumer aspirations around personalization and premium experience

🛒 You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/4759

Top Companies Included in This Report:

★ Metro AG
★ Kroger Company
★ Carrefour SA
★ Tesco PLC
★ Wal-Mart Stores Inc.
★ Costco Wholesale Corporation
★ Unilever PLC
★ Amway
★ Reckitt Benckiser Group plc
★ Pepsi Co Inc.
★ Procter & Gamble
★ L'Oreal Group
★ Nestle S.A.
★ IBM Corporation
★ Atos SE
★ Hewlett - Packard Company
★ PTC Inc.
★ Centric Software
★ Dassault Systemes S.A.
★ Autodesk Inc. Gerber Scientific Inc.
★ SAP SE
★ Oracle Corporation

Market Segmentation:

By Product Type:

★ By Sector: Footwear, Apparel, Durables (Sporting Goods and Furniture), Consumer Packaged Goods, Others

Key Regions/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/4759

The report offers insights on the following topics:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Competitor Landscape of the Consumer Product And Retail Market by Players

Chapter 4: Market Size of the Consumer Product And Retail Market by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, Recent Developments, and Investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

Ultimately, the Consumer Product And Retail Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Consumer Product And Retail industry.

Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.

Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

Contact Us

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.