Growth
CROSSROADS

U.S. retail sales totaled $7.26 trillion in 2024; projections indicate U.S. sales will surpass $8.29 trillion by 2030.*

134.6 million primary household shoppers patronize 1.08 million physical storefronts in the United States.*

U.S. online retail sales totaled $1.34 trillion in 2024, projecting to reach $2.55 trillion in 2030.*

Latin America will become the next major market for 3C brands, exceeding $100 billion by 2028, with opportunities in Mexico, Brazil, and Argentina.*

As of 2025, Latin America’s population has surpassed 660 million, with internet penetration exceeding 75%.*

Latin America's social commerce market is projected to reach $14.6B in 2025 and grow at a 13.8% CAGR through 2030, reaching nearly $28B.**

Physical retail sales in the EU and UK are projected to grow at an annual rate of 3.4% until 2029.*

While forecasts show a boost in retail spending across European countries in 2025 and beyond, Eurozone retail trade growth slowed to +1.5% year-on-year in January 2025.*

0.2% volume growth expected in the European grocery retail market through 2030, with a decline in Central and Eastern Europe and growth in Southern and Northern Europe.**

The MENA retail market is valued at $808.5B in 2024, projected to grow from $855.97B in 2025 to $1.4T by 2032 at a 7.3% CAGR.*

Service-oriented shopping drives consumer behavior: 56% of UAE and 33% of Saudi shoppers cite speed and convenience as key grocery purchase drivers, in-store and online.**

Forecasts show the three Gulf countries (Saudi Arabia, Qatar and the UAE) reaching a total of just under $15 billion in retail e-commerce revenues in 2025, followed by a 10% growth.***

South Africa retail trade sales rose 5.7% in the three months ending January 2025 compared to the same period in 2024.*

Africa’s mobile-first approach is expected to drive over 60% of e-commerce transactions in 2025.**

Supermarkets (51%) are the most popular channel for buying beauty products, shops/dukas (12%) and wholesalers (12%) also serve as key distribution points, especially for mid-range products, while Online platforms (10%) are gaining traction.***

B2B e-commerce in Asia Pacific is growing at 15% annually, outpacing the 14.5% global average in GMV growth.*

Cross-border e-commerce in Asia Pacific varies by market, led by China (71.4), South Korea (66.7), and Singapore (65.5), followed by Japan (61.1), Thailand (58.8), Malaysia (57.7), and Indonesia (54.3).*

China retail sales grew 6.4% in May 2025, the fastest pace since December 2023 and exceeding all estimates, according to official government data.

Australian retail turnover rose 0.2% in February 2025, following a 0.3% increase in January and a 0.2% decline in December 2024.*

In 2024, 17.08 million Australian shoppers used online shopping websites monthly, a 45% increase from 2020 (11.78%). Australian e-commerce shoppers account for roughly 63.94% of the country’s population.**

85% of Australian consumers are regularly switching between shopping online and in-store, compared to 12% that shop only in store.***

India’s retail market reached $952B in 2024 and is projected to grow at 11.4% CAGR, nearing $2.8T by 2034.

India’s eCommerce revenue is forecast to reach $111 billion by 2024 and expand to over $200 billion by 2026.**

Organized retail in India is expected to grow from its current share of 18–20% to about 25–30% by 2025, as modern trade and e-commerce continue to expand.***