Retail E-Commerce Market Will Generate Record Revenue by 2029

The global retail e-commerce market is anticipated to grow at a considerable CAGR of 9.1 % during the forecast period. The various initiatives such as Digital India, Make in India, Start-up India, Skill India, and Innovation Fund. The timely and effective implementation of such programs is supporting the growth of E-commerce in the country, which is positively impacting the growth of the retail e-commerce market over the forecast. For instance, in November 2021, the Government e-Marketplace (GeM) portal served 7.96 million orders worth Rs 152,315 crore (US$ 20.40 billion) to 55,433 buyers from 3.06 million registered sellers and service providers. Moreover, in October 2021, the Government e-Marketplace (GeM) portal served 7.78 million orders worth $19.29 billion to 54,962 buyers from 2.92 million registered sellers and service providers.

Furthermore, the major developments in the Indian e-commerce sector by companies are another factor propelling the growth of the retail e-commerce market over the forecast. For instance, Flipkart, India’s e-commerce powerhouse, announced in July 2021 that it has raised US$ 3.6 billion in new funding from various sources including sovereign funds, private equities, and Walmart (parent company).

  • In June 2021, Grofers, the grocery delivery start-up, reportedly entered the unicorn club, after raising US$ 120 million from Zomato, the food delivery platform.
  • In June 2021, Mastercard invested an undisclosed amount in Instamojo, a payments firm, to help digitize online stores and process their payments more seamlessly.
  • In March 2021, Purplle, an online beauty store, raised US$ 45 million from Sequoia Capital India, Verlinvest, Blume Ventures, and JSW Ventures.
  • In March 2021, the Confederation of All India Traders (CAIT), which represents 80 million traders and 40,000 trader associations, announced the launch of a mobile app for its e-commerce portal, ‘Bharat E-market’. The association aims to get more small traders to sell online easily through smartphones.

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Market Coverage

  • The market number available for – 2022-2030
  • Base year- 2022
  • Forecast period- 2023-2030

Segment Covered- 

  • By Product
  • By Type

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- including Albertsons Companies, Inc., Amazon.com, Inc., Coupang Corp., Ebates Performance Marketing, Inc. dba Rakuten Rewards, and Flipkart Pvt Ltd., among others.

Retail E-Commerce Market Report Segment

By Product

  • Groceries
  • Apparels & Accessories
  • Footwear
  • Personal & Beauty Care
  • Furniture & Household Décor
  • Electronic Goods
  • Others

By Type

  • Pure Market Place
  • Hybrid Market Place

A full Report of Retail E-Commerce Market is Available @  https://www.omrglobal.com/industry-reports/retail-e-commerce-market

 Retail E-Commerce Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

  • Latin America
  • Middle East & Africa

Company Profiles 

  • Flipkart Pvt Ltd.
  • Inter IKEA Systems B.V.
  • Otto (GmbH & Co. KG)
  • Snapdeal Ltd.
  • Taobao
  • The Kroger Co.
  • Walmart Inc.

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