The discount stores market was valued at USD 598.97 Billion in 2025. The industry is expected to grow at a CAGR of 5.50% during the forecast period of 2026-2035. The demand for discount stores is expected to grow with the significant boom in online shopping, advancements in the retail industry and the ease of contactless payments. All these factors may assist the market in likely attaining a valuation of USD 1023.13 Billion by 2035.
Base Year
Historical Period
Forecast Period
The substantial expansion of the e-commerce industry worldwide is an important factor driving the discount stores industry value. As per reports, the eCommerce sales across the United States reached USD 300.05 billion in Q3 of 2024. E-commerce players are largely leveraging the benefits of cashback sites and discount coupons in order to retain their market presence and gain competitive edges.
The thriving efforts placed by discount grocery giants on strategic expansion of their brick-and-mortar footprint will favour the market growth. Brick-and-mortar stores have grown largely popular as they emphasize the renewed importance of in-store shopping given that consumers are seeking tangible experiences and personal interactions. It has been reported that the brick-and-mortar sales reached $3.6 trillion in the United States in 2022.
The rising sales of electronics will largely influence the growth of the discount stores market. As per industry reports, a 17% increase was observed in online consumer electronics sales as opposed to 12% offline. The ease of online shopping while browsing, comparing, and purchasing electronics from comfort of homes will also boost the market trends.
Compound Annual Growth Rate
5.5%
Value in USD Billion
2026-2035
*this image is indicative*
|
Global Discount Stores Market Report Summary |
Description |
Value |
|
Base Year |
USD Billion |
2025 |
|
Historical Period |
USD Billion |
2019-2025 |
|
Forecast Period |
USD Billion |
2026-2035 |
|
Market Size 2025 |
USD Billion |
598.97 |
|
Market Size 2035 |
USD Billion |
1023.13 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
5.50% |
|
CAGR 2026-2035- Market by Region |
Asia Pacific |
6.2% |
|
CAGR 2026-2035 - Market by Country |
India |
6.3% |
|
CAGR 2026-2035 - Market by Country |
China |
6.1% |
|
CAGR 2026-2035 - Market by Store Type |
Groceries |
6.4% |
|
Market Share by Country 2025 |
Australia |
1.9% |
Retail Expansion and Discount Strategies Fuel Market Growth
The rising efforts placed by the retail industry on expanding the number of stores to cater to a broader range of customers are influencing the discount stores industry outlook. In March 2025, Five Below disclosed its plans of opening a whopping 150 more locations in this year. The ease of availability of health and wellness products along with the advantages of discount schemes will also favour the market trends. For instance, in June 2023, Indian chain of pharmacies owner MedPlus Health Services Ltd revealed that it would be selling 500 off-patent as well as and chronic medicines under its brand by offering a massive 50-80% discount.
The global discount stores industry outlook will be driven by the proliferation of mobile commerce, the surge in expansion investments, the strong preference for contactless payments and the rapid rate of AI integration.
The discount stores market share is likely to be driven by the significant advances in mobile commerce. Shopping on mobiles is easier and more convenient when compared to desktop shopping. Moreover, mobile app optimisation offers user-friendly experience to smartphone users, boosting mobile commerce sales. It has been reported that mobile commerce would account for 59% of the total retail eCommerce sales in 2025.
The rise in investments led by key players aimed at capacity expansions to attract more consumers will boost the discount stores market development. In February 2025, Loblaw disclosed its plans of opening 80 new grocery and pharmacy stores this year, of which 50 would be discount grocers as part of its USD 10 billion investment in the next five years. A large number of companies are also focusing on automation, driving significant investments in their supply chains.
The growing popularity of contactless payments given their convenience and security will favour the discount stores industry growth. Reports suggest that contactless payments, as of 2023, recorded nearly 25% of all card transactions across the U.S. Contactless payments systems facilitate faster checkouts whilst reducing the time spent in lines, leading to their rising importance in busy shops or during peak hours.
The growing penetration of AI to render transformative advantages to retailers, such as enhanced customer engagement, operational efficiency, and data-driven decision-making will outline the discount stores market development. In May 2024, India-based Lussac International Private Ltd.’s division AskmeOffers introduced a state-of-the-art Chrome Extension deployed with machine learning & AI systems in line with the commitment towards enhancing the online shopping experience. Such instances of AI integration will favor the industry trends.
Generative AI Enhancements Drive Growth in the Market
The discount stores market value will witness significant growth during the forecast period impelled by the rising stream of tech innovations, including Chatbots to offer an improved shopping experience. In November 2024, Amazon disclosed the beta launch of its new generative AI-driven conversational shopping assistant Rufus in India to help consumers simplify their shopping experience while fulfilling their needs. AI-generated review highlights offer common themes to customers to help them in quickly understanding customer insights. The rise in the number of new generative AI-powered capabilities on the shopping portals to make shopping easier and more convenient will positively add to the market expansion.
Rising Grocery Inflation Fuels Growth of the Industry
The surging rate of global grocery inflation is an important factor for the expansion of the discount stores industry. As per the Economic Survey 2024-25, India's food inflation remained high at 8.8%, led by supply chain disruptions and adverse weather. The rising food and commodity prices are pushing the preference for discount stores, grocery stores, and convenience stores. The focus of discount grocers on adopting digital strategies for offering online ordering as well as delivery options for keeping up with the changing consumer habits. The introduction of mobile apps with personalized discounts and digital coupons for rendering a more convenient shopping experience will also impact the industry dynamics.
The discount stores market outlook may be hindered by the high prices, increasing operating costs, crowding, and the intensifying competition on the web. The inconsistences in inventory and limited online presence are other challenges associated with the market. Discount stores prioritize affordability over variety, hence offer a narrower selection of products when compared to traditional retailers.
The EMR’s report titled “Discount Stores Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Store Type
Breakup by Region
Groceries and Affordable Fashion Drive Discount Store Growth
As per the discount stores market reports, groceries are gaining significant ground due to their assistance in providing essential hygiene, food, and healthcare items as opposed to traditional grocery stores. In September 2024, Amazon introduced its new cheap new grocery portfolio with staples under USD 5. While the demand for clothing discount stores is growing with the robust emphasis on advertising great deals on good brands. The rising consumer preference for affordable fashion and fast fashion alternatives will also drive the segment growth.
The discount stores industry will attain traction through electronics resulting from the rising innovations and the need for lower prices on a diverse range of products. As per Circana research, the U.S. consumer tech spending will rise 1.8% in 2025 owing to higher acceptance for AI-enhanced PCs and large TVs. This surge in sales will favor the demand for electronics discount stores.
|
CAGR 2026-2035 - Market by |
Country |
|
India |
6.3% |
|
China |
6.1% |
|
Brazil |
6.0% |
|
Saudi Arabia |
5.8% |
|
Canada |
5.7% |
|
USA |
XX% |
|
UK |
5.2% |
|
France |
XX% |
|
Italy |
XX% |
|
Japan |
XX% |
|
Australia |
XX% |
|
Mexico |
XX% |
|
Germany |
5.1% |
Shifting Consumer Priorities Boost Discount Stores in the U.S. and Canada
The significantly rising food prices along with the shifting consumer priorities towards value-driven shopping will positively influence the discount stores market in North America. The U.S. and Canada are home to a large number of discount retailers who are constantly enhancing their ecommerce capabilities. For instance, in November 2024, Canada’s major grocery and pharmacy retailer Metro Inc. revealed the launch of 12 discount stores to expand its loyalty as well as digital offerings, following the completion of a six-year, USD 1 billion project aimed at supply chain modernization. The onset of the COVID-19 pandemic has also influenced the demand for discount department stores mainly in the U.S. retail market.
Value-Driven Shopping and AI Adoption Fuel Discount Store Growth in Asia Pacific
With the consumer spending increasingly gravitating towards value-focused channels, the discount stores market value in the Asia Pacific is likely to expand in the coming years. The swiftly growing middle-class population and their increasing purchasing power is driving the expansion of discount store chains in the region. Countries like Japan are widely deploying AI in supermarkets and convenience stores to facilitate pricing and other purposes. The rising manufacturing of affordable fashion and lifestyle products mainly in China is also offering several growth opportunities for the industry expansion. In June 2024, Amazon stated that it was gearing up to introduce a new section on its portal dedicated to low-priced fashion as well as lifestyle items directly shipped from China to the US consumers.
Leading players in the discount stores market are pursuing strategic initiatives, such as investments, capacity expansions and partnerships to cater to the rising consumer requirements. These firms are also working on innovations to attract a larger market share.
Founded in 1962 and headquartered in Arkansas in the United States, Walmart is a multinational retail corporation operating a chain of hypermarkets, discount department stores, and grocery stores. Walmart has also been recognized as a leader in philanthropy, sustainability, and employment opportunity.
Founded in 1939 and headquartered in Tennessee, United States, Dollar General Corporation is an American chain of discount stores. Recognized under the Fortune 500 companies, Dollar General has emerged as one of the most profitable stores in rural United States.
Founded in 1946, with its headquarters in Essen and Mulheim, ALDI is a common company brand name of two German multinational family-owned discount supermarket chains. ALDI stores have grown popular as they display a variety of items at discount prices.
Founded in 1983, Costco Wholesale Corporation is an American multinational corporation headquartered in Washington, operating a chain of membership-only big-box warehouse club retail stores. Costo offers low prices on a selection of nationally-branded and private-label products in a wide range of categories.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the discount stores market report include Dollar Tree, Inc., Lidl US, LLC, Big Lots, Bargain Hunt, ben franklin, Bi-Mart, Target Corporations, TJ Maxx, and HomeGoods among others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 598.97 Billion.
The market is projected to grow at a CAGR of 5.50% between 2026 and 2035.
The key strategies are the growth of mobile commerce, the rising rate of grocery inflation, expansion of brick-and-mortar systems, higher AI integration and the rising preference for contactless payments.
The major players in the market are Dollar General Corporation, Walmart, ALDI, Dollar Tree, Inc., Lidl US, LLC, Big Lots, Bargain Hunt, Costco Wholesale Corporation, ben franklin, Bi-Mart, Target Corporations, TJ Maxx, and HomeGoods among others
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Store Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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