United States Retail Market 2026 : Industry Size to Reach USD 9,222.6 Billion by 2034, At a CAGR of 2.19%

IMARC Group has recently released a new research study titled "United States 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 2026-2034", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The United States retail market reached a size of USD 7,589.7 Billion in 2025 and is expected to grow to USD 9,222.6 Billion by 2034. The market is projected to expand at a CAGR of 2.19% during the forecast period from 2026 to 2034. Key growth drivers include a rising focus on e-commerce shopping, population growth, and increasing partnerships and collaborations among leading players.

Study Assumption Years

● Base Year: 2025

● Historical Year/Period: 2020-2025

● Forecast Year/Period: 2026-2034

United States Retail Market Key Takeaways

● Current Market Size: USD 7,589.7 Billion in 2025

● CAGR: 2.19%

● Forecast Period: 2026-2034

● The market is driven by a shift toward sustainable and ethical retail practices.

● Growing demand for personalized shopping experiences boosts market growth.

● Increasing adoption of online and mobile commerce is intensifying competition among retailers.

● Population growth fuels higher consumption across retail categories.

● Partnerships and mergers, such as Uber-Oracle collaboration and Home Depot's acquisition of SRS Distribution, enhance operational efficiencies and market reach.

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United States Retail Market Growth Factors

The United States retail market growth is significantly influenced by the rising focus on e-commerce shopping. According to Adobe Analytics, Americans spent US$ 7.2 billion online on the first day of the Prime Day 2024 event, reflecting an 11.7% year-over-year gain, and US$ 7 billion on the second day, a 10.4% increase. The proliferation of e-commerce platforms encourages brick-and-mortar retailers to enhance their online presence and implement omnichannel strategies. The expansion of mobile commerce further accelerates growth by offering consumers seamless shopping experiences anytime and anywhere.

Increasing population levels are another critical driver. As per the World Bank, the U.S. population was approximately 334,914,895 in 2023. This demographic growth translates into elevated consumption across various retail sectors, including food and beverages, clothing, electronics, and household items. Retailers are responding by broadening their physical and online footprints and tailoring products and services to the diverse urban lifestyles and cultural preferences of an expanding and diverse consumer base.

Market expansions are also propelled by numerous partnerships, collaborations, and mergers and acquisitions among key players. For example, the partnership announced on 19 September 2023 between Uber and Oracle allows Oracle Retail clients to utilize Uber's on-demand shipping platform, enhancing delivery and return logistics. Additionally, Home Depot's acquisition of SRS Distribution in March 2024 for about US$ 18.25 billion strengthens its specialty trade distribution capabilities. These alliances optimize operational efficiency, enhance customer experiences, and expand market reach.

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United States Retail Market Segmentation

Breakup by Product:

● Food and Beverages: Includes grocery items, packaged foods, fresh produce, beverages, and other consumables. Growth is driven by rising demand for essentials and increasing online grocery shopping among busy consumers.

● Personal and Household Care: Encompasses skincare, haircare, cleaning supplies, and hygiene items. Market growth is supported by heightened health and wellness awareness and rising popularity of eco-friendly products.

● Apparel, Footwear and Accessories: Influenced by seasonal trends and brand loyalty; growth is accelerated by the shift to e-commerce with prominence of fast fashion and luxury goods.

● Furniture, Toys and Hobby

● Electronic and Household Appliances

● Others

Breakup by Distribution Channel:

● Supermarkets and Hypermarkets: Offer a wide variety of goods under one roof, attracting consumers with competitive pricing, promotions, and convenience.

● Convenience Stores: Smaller format stores with limited inventory focusing on quick service and accessibility, boosted by demand for ready-to-eat meals and healthier snacks.

● Specialty Stores: Focus on specific product categories like home decor, technology, fashion, and cosmetics, catering to niche consumer preferences.

● Online Stores

● Others

Breakup by Region:

● Northeast: Characterized by high population density with demand for premium, luxury, and specialty products; market driven by a combination of brick-and-mortar and e-commerce stores, influenced by cold climate seasonal needs.

● Midwest: Diverse economy with strong agricultural and manufacturing sectors; market influenced by value-conscious consumers and a mix of large chains and small businesses.

● South: Largest and fastest-growing region, fueled by rapid population growth and expanding economy; retail chains prevalent in food and beverage, apparel, and home improvement.

● West: Known for a diverse population and strong economy based on technology, entertainment, and tourism; market emphasizes innovation, sustainability, and health-conscious products.

Regional Insights

The South region emerges as the largest and fastest-growing segment in the United States retail market. Fueled by rapid population expansion in urban and suburban areas and a strong economy, it hosts significant retail activity across food and beverage, apparel, and home improvement sectors. This growth positions the South as a dominant market driving overall retail demand in the country.

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Recent Developments & News

On 8 August 2024, Lowe's Companies, Inc. rebranded its retail media network as Lowe's Media Network, introducing a new logo and expanding placements on its app along with launching four new channels including email, in-store audio, paid search, and direct mail for install services. On 16 May 2024, CVS Pharmacy®, the retail division of CVS Health®, launched Well MarketTM, a new store brand consumables line featuring snacks, beverages, and groceries to provide more nutritious options, aiming to position itself as a consumer-centric healthcare solutions company.

Key Players

● The Home Depot®

● SRS Distribution, Inc.

● Lowe's Companies, Inc.

● CVS Pharmacy®

● CVS Health®

● Uber

● Oracle

Competitive Landscape

The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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This release was published on openPR.