DATABANK

Market Sizes Databank

The Coresight Research Market Sizes Databank offers an overview of key retail market or sector sizes, including our projections for future years.

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Global Retail Markets: Major Countries by Retail Sales

We quantify 10 major national retail markets, as measured by total annual retail sales, and provide our projections for retail sales through 2029. We focus on core retail, which excludes automobiles and gasoline/automotive fuel, wherever possible; however, these exclusions are not available for all countries. Countries are ranked by 2024 sales.

Total Retail Sales (USD Bil. at Constant 2024 Exchange Rates) and YoY % Change

wdt_ID		2019	2020	2021	2022	2023	2024	2025E	2026E	2027E	2028E	2029E	Definitions and Notes
1	US	3,653	3,930	4,469	4,784	4,967	5,147	5,325	5,501	5,677	5,847	6,039	Ex automobiles and ex gasoline/automotive fuel; ex sales tax
2	YoY % Change		7.6%	13.7%	7.1%	3.8%	3.6%	3.5%	3.3%	3.2%	3.0%	3.3%
3	US incl. Autos	5,307	5,467	6,400	6,916	7,073	7,265	7,515	7,808	8,084	8,359	8,644	Incl. automobiles and incl. gasoline/automotive fuel; ex sales tax. Provided as an alternative measure to aid direct comparison with other major markets such as China, where automobiles are included
4	YoY % Change		3.0%	17.1%	8.1%	2.3%	2.7%	3.5%	3.9%	3.5%	3.4%	3.4%
5	China	5,076	4,903	5,494	5,506	5,823	6,012	6,247	6,499	6,751	7,003	7,256	Incl. automobiles and incl. gasoline
6	YoY % Change		-3.4%	12.1%	0.2%	5.8%	3.2%	3.9%	4.0%	3.9%	3.7%	3.6%
7	Japan	958	968	994	1,020	1,077	1,104	1,136	1,172	1,208	1,243	1,279	Incl. automobiles and incl. gasoline/automotive fuel
8	YoY % Change		1.0%	2.7%	2.6%	5.6%	2.5%	2.9%	3.1%	3.0%	2.9%	2.9%
9	India	609	627	721	807	863	900	936	987	1,045	1,109	1,173	Consumer spending on retail categories: food, apparel, furniture, household items, and recreation and culture. Data are for fiscal years (ended March 31), matched to closest calendar years.
10	YoY % Change		2.8%	15.1%	11.9%	6.9%	4.3%	4.0%	5.5%	5.9%	6.1%	5.8%
11	Germany	628	672	689	739	758	777	794	811	828	847	867	Ex automobiles and ex gasoline/automotive fuel
12	YoY % Change		6.9%	2.5%	7.3%	2.6%	2.5%	2.2%	2.0%	2.2%	2.3%	2.3%
13	France	514	509	560	606	636	649	658	674	693	712	732	Ex automobiles and ex gasoline/automotive fuel; ex sales tax
14	YoY % Change		-1.0%	10.1%	8.1%	5.0%	2.0%	1.5%	2.4%	2.7%	2.8%	2.8%
15	Russia	362	365	425	459	519	599	672	731	790	849	908	Incl. automobiles and incl. gasoline/automotive fuel
16	YoY % Change		0.7%	16.5%	7.9%	13.1%	15.4%	12.3%	8.7%	8.0%	7.4%	6.9%
17	UK	503	505	538	561	589	598	611	629	652	674	697	Ex automobiles and ex gasoline/automotive fuel
18	YoY % Change		0.4%	6.6%	4.3%	5.0%	1.4%	2.2%	3.0%	3.6%	3.5%	3.4%
19	Brazil	362	384	437	499	519	562	608	651	695	738	782	Ex automobiles and incl. gasoline/automotive fuel; ex sales tax
20	YoY % Change		6.0%	13.9%	14.1%	4.1%	8.2%	8.2%	7.2%	6.7%	6.3%	5.9%
21	Canada	296	310	333	357	365	371	381	396	411	426	441	Ex automobiles and ex gasoline/automotive fuel; ex sales tax
22	YoY % Change		4.7%	7.6%	7.3%	2.2%	1.6%	2.7%	3.9%	3.8%	3.6%	3.5%

All data exclude foodservice businesses. Data include sales taxes unless otherwise stated. Conversions to USD are at fixed (2024 average) exchange rates to remove the impact of FX rates on % changes. Data as of June 2025.
Source: National statistics offices/Coresight Research

Total US Retail Sales and Online Retail Sales (USD Bil. and YoY % Change)

Total US retail sales includes all retail trade excluding gasoline and automobiles.

wdt_ID	Category	2017	2018	2019	2020	2021	2022	2023	2024	2025E	2026E	2027E	2028E	2029E
1	Total Retail Sales (USD Bil.)	$3,378	$3,526	$3,653	$3,930	$4,469	$4,784	$4,967	$5,147	$5,325	$5,501	$5,677	$5,847	$6,039
2	YoY % Change	3.6%	4.4%	6.3%	7.7%	13.7%	7.0%	3.8%	3.6%	3.5%	3.3%	3.2%	3.0%	3.3%
3	Online Retail Sales (USD Bil.)	$410	$472	$532	$767	$894	$952	$1,046	$1,137	$1,230	$1,326	$1,431	$1,544	$1,655
4	YoY % Change	16.3%	14.8%	12.8%	44.2%	16.6%	6.6%	9.9%	8.7%	8.2%	7.8%	7.9%	7.9%	7.2%
5	E-Commerce Penetration (Online Retail Sales as % of Total Retail Sales)	12.2%	13.4%	14.2%	19.5%	20.0%	19.9%	21.1%	22.1%	23.1%	24.1%	25.2%	26.4%	27.4%
6	Offline Sales				$3,163	$3,575	$3,832	$3,921	$4,008	$4,095	$4,175	$4,246	$4,304	$4,384
7	YoY% change				5.3%	13.0%	7.2%	2.3%	2.2%	2.2%	2.0%	1.7%	1.3%	1.9%
8	Offline penetration (Offline Retail Sales as % of Total Retail Sales)				80.5%	80.0%	80.1%	78.9%	77.9%	76.9%	75.9%	74.8%	73.6%	72.6%

Data exclude sales taxes; ex. gasoline and automobiles; data as of June 2025
Source: US Census Bureau/Coresight Research

US Consumer Spending on Apparel, Footwear and Accessories (USD Bil. and YoY % Change)

wdt_ID	Category	2017	2018	2019	2020	2021	2022	2023	2024	2025E	2026E	2027E	2028E	2029E
1	Total Apparel, Footwear and Accessories Spending (USD Bil.)	$375.8	$386.5	$410.8	$433.7	$562.6	$588.2	$604.9	$622.6	$639.6	$656.8	$674.1	$691.3	$708.5
2	YoY % Change	1.2%	2.8%	1.2%	-10.6%	22.9%	4.3%	2.8%	2.8%	2.7%	2.6%	2.6%	2.5%	2.4%
3	Online Apparel, Footwear and Accessories Spending (USD Bil.)	$70.7	$83.7	$95.5	$119.4	$143.3	$156.5	$170.0	$184.0	$201.1	$219.0	$235.5	$252.1	$268.6
4	YoY % Change	22.1%	18.4%	14.1%	25.0%	20.0%	9.2%	9.1%	7.8%	9.3%	8.9%	7.5%	7.0%	6.5%
5	E-Commerce Penetration (Online Apparel, Footwear and Accessories Spending as % of Total Apparel, Footwear and Accessories Spending)	18.8%	21.7%	23.2%	27.5%	25.5%	26.6%	28.2%	29.6%	31.4%	33.3%	34.9%	36.5%	37.9%
6	Global Fast Fashion		$75.6	$82.6	$90.1	$109.0	$116.4	$134.0	$152.0	$171.0	$186.6	$202.0	$216.7	$226.6
7	YoY % Change			5.3%	6.5%	7.0%	7.4%	7.7%	8.5%	9.3%	9.9%	10.4%	10.9%	11.1%

Data include sales taxes and are as of June, 2025
Source: US Bureau of Economic Analysis/Coresight Research

US Grocery Market Sales (USD Bil. and YoY % Change)

Total grocery market sales include retail sales from stores classified under “Grocery Stores” by the US Census Bureau and grocery sales of select major retailers in the mass merchandiser, warehouse club and discount-store sectors.

wdt_ID	Category	2017	2018	2019	2020	2021	2022	2023	2024	2025E	2026E	2027E	2028E	2029E
1	Total Grocery Sales (USD Bil.)	$1,045	$1,083	$1,116	$1,240	$1,304	$1,423	$1,479	$1,517	$1,561	$1,598	$1,632	$1,662	$1,691
2	YoY % Change	3.3%	3.6%	3.7%	11.1%	5.2%	9.1%	3.9%	2.6%	2.9%	2.4%	2.1%	1.8%	1.7%
3	Online Food & Beverage Sales (USD Bil.)	$14.7	$20.9	$23.0	$45.2	$50.3	$64.0	$73.5	$81.5	$94.8	$108.0	$121.3	$134.6	$148.0
4	YoY % Change	11.7%	42.2%	40.2%	96.9%	11.1%	27.4%	14.8%	10.9%	16.3%	14.0%	12.3%	11.0%	9.9%
5	Food & Beverage Retail Spending (USD Bil .)*	$722	$743	$767	$843	$883	$949	$971	$992	$1,016	$1,040	$1,062	$1,080	$1,100
6	YoY Growth Rate				9.8%	4.8%	7.5%	2.3%	2.2%	2.5%	2.4%	2.1%	1.7%	1.9%
7	E-Commerce Penetration (Online Food & Beverage Sales as % of Total Food & Beverage Retail Spending)			2.1%	3.6%	3.9%	4.5%	5.0%	5.4%	6.1%	6.8%	7.4%	8.1%	8.7%

*Consumer spending on food and beverages through all retail channels
Data exclude sales taxes and are as of March, 2025
Source: Circana/US Census Bureau/US Bureau of Economic Analysis/Coresight Research

US Department Store Sales (USD Bil. and YoY % Change)

Sector size represents traditional, full-range department stores, excluding off-price retailers but including off-price segment sales of department store retailers (e.g., Nordstrom Rack, Macy’s Backstage).

wdt_ID	Category	2017	2018	2019	2020	2021	2022	2023	2024	2025E	2026E	2027E	2028E	2029E
1	Department Store Sales (USD Bil.)	$108.3	$103.1	$96.1	$63.9	$85.7	$87.0	$82.8	$80.1	$75.6	$74.5	$70.2	$66.9	$63.6
2	YoY % Growth	-2.3%	-4.8%	-6.8%	-33.5%	34.1%	1.5%	-4.8%	-3.3%	-5.6%	-1.5%	-5.7%	-4.7%	-4.9%

Data exclude sales taxes; data as of May, 2025
Source: Company reports/Coresight Research

Further US Retail Sector Sales

wdt_ID	Category	2019	2020	2021	2022	2023	2024	2025E	2026E	2027E	2028E	2029E	Sector Report Links
1	Total US Beauty Products Market Size (USD Bil.)	$62.3	$58.4	$67.4	$71.5	$76.4	$77.7	$80.6	$83.4	$86.1	$88.9	$91.6	Report
2	YoY % Growth	2.1%	-6.3%	15.4%	6.1%	6.9%	1.7%	3.8%	3.5%	3.2%	3.3%	3.0%
3	US Consumer Packaged Goods (USD Bil.)****	$284.7	$1,085.2	$1,142.2	$1,248.3	$1,320.7	$1,354.9	$1,397.6	$1,450.9	$1,513.8	$1,583.4	$1659.1	Report
4	YoY % Change	1.7%	16.8%	5.2%	9.3%	5.8%	2.6%	3.2%	3.8%	4.3%	4.6%	4.8%
5	US Convenience Stores (USD Bil.)*	$372.4	$166.8	$176.1	$181.5	$193.7	$189.1	$188.9	$192.9	$198.1	$204.2	$210.2	Report
6	YoY % Change	1.5%	8.1%	3.7%	3.2%	4.8%	-0.7%	-0.1%	2.1%	2.7%	3.1%	2.9%
7	Pharmacies and Drug Stores retail sales for total**	$661.8	$302.4	$322.9	$336.2	$363.8	$378.2	$398.2	$417.3	$436.3	$455.7	$474.2	Report
8	YoY % Change	3.7%	4.9%	6.8%	4.1%	8.2%	4.0%	5.3%	4.8%	4.6%	4.5%	4.1%
9	Health and personal care E-com Sales	$472.8	$675.5	$701.8	$834.3	$861.8	$861.3	$904.0	$948.5	$994.4	$1,048.7	$1,091.4
10	YoY % Change	11.8%	42.9%	3.9%	18.9%	-3.3%	-0.1%	5.0%	4.9%	4.8%	5.5%	4.1%
11	Health and Personal Care Stores: U.S. Total	$347.0	$354.6	$386.7	$402.8	$435.7	$447.7	$467.3	$486.4	$504.5	$521.5	$542.7
12	YoY % Change	2.7%	2.2%	9.0%	4.2%	8.1%	2.8%	4.4%	4.1%	3.7%	3.4%	4.1%
15	US Home-Improvement Retailers (USD Bil.)	674.0	$421.0	$481.1	$511.7	$495.2	$491.9	$500.0	$515.7	$528.0	$542.5	$553.4	Report
16	YoY % Change	5.5%	13.0%	14.3%	6.3%	-3.2%	-0.6%	1.6%	3.1%	2.4%	2.7%	2.0%
17	Total Mass merchandisers	$419.1	$463.5	$499.3	$529.7	$549.2	$569.0	$579.8	$606.0	$630.4	$657.4	$684.9	Report
18	YoY % Change	3.0%	10.6%	7.7%	6.1%	3.7%	3.6%	1.9%	4.5%	4.0%	4.2%	4.1%
19	Total warehouse clubs	$183.7	$201.5	$231.7	$269.0	$282.8	$294.8	$313.0	$334.1	$355.4	$378.8	$403.4
20	YoY % Change	6.2%	9.6%	15.0%	16.1%	5.1%	4.3%	6.2%	6.7%	6.4%	6.6%	6.5%
21	Total Discount Stores	$59.9	$69.2	$71.3	$76.9	$79.7	$80.7	$85.1	$89.0	$93.0	$97.2	$101.7
22	YoY % Change	6.1%	15.5%	3.0%	7.8%	3.7%	1.2%	5.5%	4.5%	4.4%	4.6%	4.6%
23	US Mass Merchandisers, Warehouse Clubs and Discount Stores: Total Sales	$662.8	$734.2	$802.2	$875.5	$911.7	$944.6	$978.0	$1,029.1	$1,078.8	$1,133.5	$1,190.0
24	YoY % Change	4.1%	10.8%	9.3%	9.1%	4.1%	3.6%	3.5%	5.2%	4.8%	5.1%	5.0%
25	Restaurants and Other Eating Places(USD Bil)		$585.9	$760.1	$871.2	$965.1	$1,018.7	$1,077.7	$1,134.4	$1,191.5	$1,249.4	$1,305.1
26	YoY % Change		-13.1%	29.7%	14.6%	10.8%	5.5%	5.8%	5.3%	5.0%	4.9%	4.5%

*Excludes fuel, foodservice and online sales
**Sector size reflects sales from businesses where the primary activity is drugstore or pharmacy retailing; as such, it excludes sales from pharmacies operated by non-specialized retailers, such as mass merchandisers and food and grocery retailers
***Mass merchandisers are Target and Walmart US; warehouse clubs are BJ’s Wholesale Club, Costco US and Sam’s Club; discount stores are Big Lots, Dollar General, Dollar Tree (including Family Dollar), Five Below and Ollie’s Bargain Outlet
****Market size includes total e-commerce and store-based CPG sales by retailers in the grocery, convenience store, drugstore, mass merchandiser, warehouse club and dollar store sectors
Source: Circana/US Census Bureau/company reports/Coresight Research

Global Personal Luxury Goods Sales (USD Bil. and YoY % Change)

The personal luxury goods market size includes apparel, accessories, beauty, footwear, jewelry and watches, and excludes experiential luxury categories, such as art, hospitality, travel, vehicles and wines and spirits, as well as the secondhand luxury market.

wdt_ID	Category	2018	2019	2020	2021	2022	2023	2024	2025E	2026E	2027E	2028E	2029E
86	Global	$292.0	$311.9	$273.8	$341.7	$385.0	$406.5	$398.0	$388.4	$394.7	$401.3	$405.9	$408.6
93	YoY Change %	5.9%	6.8%	-12.2%	24.8%	12.7%	5.6%	-2.1%	-2.4%	1.6%	1.7%	1.2%	0.7%
100	Regional Breakdown of Global Sales	$30.1
107	China	33.1%	12.5%	5.2%	37.4%	-6.4%	5.1%	-4.9%	-6.3%	1.6%	1.7%	1.2%	0.7%
114	Asia (ex. China)	$64.0	27.8%	-9.2%	21.7%	4.9%	9.7%	-6.2%	-1.1%	1.1%	1.9%	1.3%	0.8%
121	US	7.5%	26.8%	-15.4%	29.6%	19.9%	1.4%	-0.3%	-2.1%	1.2%	1.9%	1.0%	0.6%
128	Europe	$79.4	28.7%	-21.5%	18.2%	20.3%	6.2%	1.4%	-1.9%	1.2%	2.0%	1.1%	0.7%
135	ROW	4.8%	4.2%	-13.6%	6.2%	67.1%	5.5%	1.3%	-1.3%	1.6%	1.7%	1.4%	0.7%

Data as of January 2025
Source: Company reports/Coresight Research

Retail Media Market Sizes

wdt_ID	Category	2022	2023	2024	2025E	2026E	2027E	2028E	2029E
1	US Retail Media Market Size
2	USD Bil.	37.0	46.5	56.2	67.6	80.0	93.3	107.1	117.5
3	YoY % Change	22.7%	25.8%	20.8%	20.4%	18.4%	16.6%	14.8%	9.7%
4	UK Retail Media Market Size
5	GBP Bil.	2.6	3.3	3.9	4.7	5.5	6.5	7.4	8.2
6	YoY % Change	26.9%	24.3%	18.8%	20.5%	18.5%	16.8%	15.0%	10.0%
7	USD Bil. at Constant Jan 2024 Exchange Rates	3.3	4.1	4.9	5.9	7.0	8.1	9.3	10.3
8	YoY % Change	26.9%	24.3%	18.8%	20.5%	18.5%	16.8%	15.0%	10.0%
9	Global Retail Media Market Size
10	USD Bil.	107.7	133.4	153.7	178.8	203.9	230.0	257.0	279.7
11	YoY % Change	23.2%	23.8%	15.2%	16.3%	14.0%	12.8%	11.7%	8.8%

Market Size (as of June 2025): The total revenue generated from the sale of advertising inventory, both digital (e.g., websites, apps, social media) and physical (in-store displays), via a retail media network. This revenue is derived from leveraging retailer-owned and aggregated first-party data for highly targeted audience engagement.
Source: Coresight Research

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DATABANK

Market Sizes Databank

Global Retail Markets: Major Countries by Retail Sales

Total US Retail Sales and Online Retail Sales (USD Bil. and YoY % Change)

US Consumer Spending on Apparel, Footwear and Accessories (USD Bil. and YoY % Change)

US Grocery Market Sales (USD Bil. and YoY % Change)

US Department Store Sales (USD Bil. and YoY % Change)

Further US Retail Sector Sales

Global Personal Luxury Goods Sales (USD Bil. and YoY % Change)

Retail Media Market Sizes

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Work with us

Become a Client

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DATABANK

Market Sizes Databank

Global Retail Markets: Major Countries by Retail Sales

Total US Retail Sales and Online Retail Sales (USD Bil. and YoY % Change)

US Consumer Spending on Apparel, Footwear and Accessories (USD Bil. and YoY % Change)

US Grocery Market Sales (USD Bil. and YoY % Change)

US Department Store Sales (USD Bil. and YoY % Change)

Further US Retail Sector Sales

Global Personal Luxury Goods Sales (USD Bil. and YoY % Change)

Retail Media Market Sizes

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