Commodity Retail Market Trends and Forecast
The future of the global commodity retail market looks promising with opportunities in the ending consumer and alliance business markets. The global commodity retail market is expected to grow with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are increasing consumer demand for sustainable and ethically products and packaging and growth of e-commerce platforms facilitating convenient access.
• Lucintel forecasts that daiy necessities is expected to witness the higher growth over the forecast period.
• Within this market, ending consumer is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Walmart: Walmart announced its commitment to investing $350 billion in domestically sourced products over the next 10 years, aiming to support American manufacturing and create jobs.Amazon: Amazon revealed plans to expand its physical presence in the US with the opening of several new fulfillment centers and delivery stations, aiming to improve delivery speed and efficiency.Government: The US government announced initiatives to support small businesses in the commodity retail sector through grants and loans, aiming to boost economic recovery post-pandemic.
India: Reliance Retail: Reliance Retail announced plans to expand its footprint in the Indian commodity retail market, aiming to open thousands of new stores across various formats.Government: The Indian government set targets to increase agricultural exports by promoting infrastructure development and implementing reforms to boost the efficiency of the agricultural supply chain.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Commodity Retail by Segment
The study includes a forecast for the global commodity retail by type, application, and region.
Commodity Retail Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Daiy Necessities
• Luxury
Commodity Retail Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Ending Consumer
• Alliance Business
• Others
Commodity Retail Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Commodity Retail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commodity retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commodity retail companies profiled in this report include-
• Carrefour
• Kroger
• Metro
• Newlook
• Primark
• Selfridges
• Tesco
Recent Development in the Commodity Retail Market
Walmart: The retail giant has been focusing on sustainability in its commodity retail operations. Recently, Walmart announced its initiative to reduce greenhouse gas emissions from its supply chain by encouraging suppliers to adopt renewable energy sources and improve energy efficiency in manufacturing and transportation processes.
Amazon: Amazon has been expanding its presence in the commodity retail market through its online platform. One notable initiative is its investment in technology to enhance the customer experience, including personalized recommendations and streamlined purchasing processes. Additionally, Amazon has been working on improving the efficiency of its logistics operations to ensure faster delivery times for commodity products.
Alibaba: As a major player in the Chinese retail market, Alibaba has been investing in digitalization and artificial intelligence to optimize its commodity retail operations. One recent initiative is the development of AI-powered supply chain management systems to improve inventory management and reduce costs for both Alibaba and its suppliers.
Tesco: Tesco, a leading supermarket chain in the UK, has been focusing on expanding its range of sustainable and ethically sourced commodity products. One initiative includes partnering with suppliers to implement responsible sourcing practices, such as supporting fair trade certification and promoting environmentally friendly farming methods.
Features of the Global Commodity Retail Market
Market Size Estimates: Commodity retail market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Commodity retail market size by type, application, and region in terms of value ($B).
Regional Analysis: Commodity retail market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the commodity retail market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the commodity retail market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for commodity retail market?
Answer: The global commodity retail market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the commodity retail market?
Answer: The major drivers for this market are increasing consumer demand for sustainable and ethically products and packaging and growth of e-commerce platforms facilitating convenient access.
Q3. What are the major segments for commodity retail market?
Answer: The future of the commodity retail market looks promising with opportunities in the ending consumer and alliance business markets.
Q4. Who are the key commodity retail market companies?
Answer: Some of the key commodity retail companies are as follows:
• Carrefour
• Kroger
• Metro
• Newlook
• Primark
• Selfridges
• Tesco
Q5. Which commodity retail market segment will be the largest in future?
Answer: Lucintel forecasts that daiy necessities is expected to witness the higher growth over the forecast period.
Q6. In commodity retail market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the commodity retail market by type (daiy necessities and luxury), application (ending consumer, alliance business, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Commodity Retail Market Market, Commodity Retail Market Market Size, Commodity Retail Market Market Growth, Commodity Retail Market Market Analysis, Commodity Retail Market Market Report, Commodity Retail Market Market Share, Commodity Retail Market Market Trends, Commodity Retail Market Market Forecast, Commodity Retail Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.