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India Retail Market Size, Share, Trends, Report, Analysis: By Product: Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture and Home Decor, Industrial and Automotive, Others; By Sector; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
India Retail Market Outlook
The India retail market size reached USD 952.02 billion in 2023. The market is projected to grow at a CAGR of 11.4% between 2024 and 2032, reaching almost USD 2542.22 billion by 2032.
Key Takeaways:
- Supermarkets account for nearly 12%-15% of all consumer goods sales in India.
- Kirana stores account for nearly 75%-78% of all consumer goods sales in India.
- Omnichannel retail is expected to remain popular among Indian consumers over the forecast period.
The entry of several multinational companies into India, driven by its rising population size, increasing disposable incomes, and positive rates of consumption has become one of the key India retail market trends. Since 2021, 24 new global brands have entered the Indian market, which has favourably affected the India retail market growth. 1/4th of these new entrants operate in the food and beverage category, which is expected to remain one of the key growth segments over the forecast period.
The most heavily concentrated regions for the India retail market include Delhi NCR, Mumbai, Chennai, Pune, Kolkata, Hyderabad, and Bengaluru, with South India taking up the biggest market share. The emergence of new technologies like augmented reality is expected to enhance the customer experience in brand retail stores and drive the India retail market growth in the forecast period.
Small and medium-sized kirana stores are the most popular form of retail outlet in India. This is because they offer a wide range of goods and are easily accessible in remote regions. Their product offerings include everything ranging from groceries to electronics and footwear to clothing items. They provide home deliveries to their regular customers and are easily reachable through phones.
In recent times, supermarkets have emerged as modern retail outlets in major Indian cities. They enable consumers to shop for their daily necessities through their neatly stacked shelves of groceries, food, and other essential items. This is expected to contribute to the India retail market expansion in the forecast period.
Market Segmentation
India Retail Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Food, Beverage, and Grocery
- Personal and Household Care
- Apparel, Footwear, and Accessories
- Furniture and Home Décor
- Industrial and Automotive
- Electronic and Household Appliances
- Pharmaceuticals
- Others
Market Breakup by Sector
- Organised
- Unorganised
Market Breakup by Distribution Channel
- Hypermarket and Supermarket
- Convenience Stores
- Speciality Stores
- E-Commerce
- Others
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
The key India retail market players are Reliance Industries Limited, Aditya Birla Group, Avenue Supermarts Limited (DMart), Tata Sons Private Limited, Vijay Sales (INDIA) Private Limited, V--Mart Retail Ltd., K Raheja Corp. (Shoppers Stop Ltd.), Landmark Group, V2Retail Ltd., and RP Sanjiv Goenka Group (Spencer’s Retail Limited), among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
|
| Breakup by Sector |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Retail Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Retail Historical Market (2018-2023)
8.3 Asia Pacific Retail Market Forecast (2024-2032)
9 India Retail Market Overview
9.1 Key Industry Highlights
9.2 India Retail Historical Market (2018-2023)
9.3 India Retail Market Forecast (2024-2032)
10 India Retail Market by Product
10.1 Food, Beverage, and Grocery
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Personal and Household Care
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Apparel, Footwear, and Accessories
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Furniture and Home Decor
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Industrial and Automotive
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Electronic and Household Appliances
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Pharmaceuticals
10.7.1 Historical Trend (2018-2023)
10.7.2 Forecast Trend (2024-2032)
10.8 Others
11 India Retail Market by Sector
11.1 Organised
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Unorganised
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 India Retail Market by Distribution Channel
12.1 Hypermarket and Supermarket
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Speciality Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 E-Commerce
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 India Retail Market by Region
13.1 North India
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 East and Central India
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 West India
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South India
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Reliance Industries Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Aditya Birla Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Avenue Supermarts Limited (DMart)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Tata Sons Private Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Vijay Sales (INDIA) Private Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 V-Mart Retail Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 K Raheja Corp. (Shoppers Stop Ltd.)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Landmark Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 V2Retail Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 RP Sanjiv Goenka Group (Spencer’s Retail Limited)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Retail Market: Key Industry Highlights, 2018 and 2032
2. India Retail Market: Key Industry Highlights, 2018 and 2032
3. India Retail Historical Market: Breakup by Product (USD Billion), 2018-2023
4. India Retail Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. India Retail Historical Market: Breakup by Sector (USD Billion), 2018-2023
6. India Retail Market Forecast: Breakup by Sector (USD Billion), 2024-2032
7. India Retail Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. India Retail Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. India Retail Historical Market: Breakup by Region (USD Billion), 2018-2023
10. India Retail Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. India Retail Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 952.02 billion in 2023.
The market is projected to grow at a CAGR of 11.4% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 2542.22 billion in 2032.
The different distribution channels in the market include hypermarket and supermarket, convenience stores, speciality stores, and e-commerce, among others.
The major sectors in the market include organised and unorganised.
The different products considered in the market report are food, beverage, and grocery, personal and household care, apparel, footwear, and accessories, furniture and home décor, industrial and automotive, electronic and household appliances, and pharmaceuticals, among others.
The major regions in the market include North India, East and Central India, West India, and South India.
The key market players are Reliance Industries Limited, Aditya Birla Group, Avenue Supermarts Limited (DMart), Tata Sons Private Limited, Vijay Sales (INDIA) Private Limited, V--Mart Retail Ltd., K Raheja Corp. (Shoppers Stop Ltd.), Landmark Group, V2Retail Ltd., and RP Sanjiv Goenka Group (Spencer’s Retail Limited), among others.
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