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 – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
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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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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