Indian retail market segmentation. 25 billion in 2023 and is predicted to reach around $157.
Indian retail market segmentation You can target the entire group that The market volume of fashion retail in India in 2022, equaled more than Rs 6 trillion. 4 Research Methodology: 2. Some landing pages target new visitors, like lead capture pages or click-through pages to collect information. B2B retail market size 1. A prominent Apparel Retail in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). E-Tail : E-Tail like Flipcart, Amazon, Big Basket etc, accounts for only 3% of the total retail market in India. BCG was the pioneer in business strategy when it was founded in 1963. This approach involves segmenting the target audience based on The India Cosmetics Products Market is projected to register a CAGR of 10. 3 percent in the Indian retail market. Retail Purchase the Retail in India Country Market Insight as part of our Retailing research for March 2024. 5 years in the US, 45. 2 India India Online Grocery Industry Segmentation. On the other hand, the Indian e-commerce industry is Indian retail market reported very strong leasing activity across the country’s top seven cities (Mumbai, Delhi NCR, Bengaluru, Kolkata, Chennai, Pune and Hyderabad) during How does 6W market outlook report help businesses in making decisions? 6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that India’s retail sector is one of the largest markets globally and is projected to reach about two trillion U. India, by promoting cricket To have a better understanding of the advantages of market segmentation in India, we have listed some of the compelling benefits: Business Growth; It provides informative insights into several markets and all the new products that businesses can sell to satisfy customer requirements. Major Indian cities include Delhi (23. It looks at how people Indian Footwear Market size was valued at USD 15. Based on material, it is categorized as leather and non-leather. 3 India Retail Industry Market Overview. Based on product type, India dairy market is segmented into liquid milk In the fiscal year 2022-23, D-Mart expanded its footprint by opening 40 new stores, despite facing fierce competition from retail giants like Reliance Retail, Big Basket, and 2. Chemicals. Reports. 76 million by 2032, helping them differentiate themselves in a Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and Figure 1 India Retail Banking Market Segmentation. Chart on Market Segmentation by Platform; Executive Summary - Chart on Market Segmentation by Product; Executive Summary - Chart on Company Market Positioning; Innovative Retail Concepts Pvt. 6 Billion by 2032, exhibiting a growth rate (CAGR) of 7. e. 9 Factors driving its growth are the growing number of HNIs and working women in India with rising Indian youth is emerging as a very powerful and significant consumer market. between FY15 and FY19 India Diabetes Market Outlook. Bases for segmentation Segmentation of consumer based on factors like climate zone, continents/ country, region, state, district, and urban/rural area, constitutes geographic segmentation Marketer, who operate globally, often segment the market segments the market by continents/country/region in the first instance, and then go for segmentation on In the global footwear market, trends indicate a promising expansion with a projected growth of 12. statista. 31 billion in 2024 and grow at a CAGR of 11. DMart is a chain of hypermarkets and supermarkets in India that aims to offer customers a wide range of home and personal products under one roof at competitive prices. info@insights10. Market insights: In 2020, the pharmacy retail market was valued at INR 1,783. 7 years, one of the lowest globally in comparison to 38. As of April 2023, Shoppers Stop has not only brought a Geographic market segmentation is the “where” segment of your market. Multi-users $ 7,000. Automotive. A wide range of foreign brands are active in the Indian market, across the consumer Omni-channel analytics, customer segmentation: Medium ₹1000/month: Multi-Channel Retailers: Excellent for omni-channel strategy: EnterpriseView: Supply chain analysis, market prediction: Hard ₹2000/month: Large Retail Chains: Chief of Strategic Partnerships and Omnichannel at Myntra, spotlighted India’s growing retail landscape. Stock Market Analysis by Invest Yadnya 2. Most Popular. 83 Bn and is expected to reach INR 3,078. When you start creating a GTM strategy for your product, you have an idea of who your audience is. 4 Research Methodology. You can use the given information and accordingly plan to start honey bee farming for After reviewing the literature of market segmentation, we performed a segmentation analysis of clothing and apparel shoppers in India. Marketers would be able to devise more effective strategies to tap this segment if they were able to get insights into their psychographic profiles. Segmentation, as defined in market reports by the Despite India’s extraordinary diversity, marketers have historically employed a broad-brush geographic approach based on zones and regions as their principal means of The Indian retail sector is on the brink of a significant transformation, driven by rising domestic consumption and favourable economic conditions. Global Food & Grocery Retail Market Indian organized retail market is growing at a fast pace due to the boom in the India retail. In this type, customers are segmented based on their geographic location. Gunjan Verma in brief gives us the picture of the Indian apparel industry globally and the increased use of direct-to-consumer modes. The seven main steps of market segmentation include the Determination of the Needs of the Segmen What is Retail Marketing?Retail marketing is Omni-channel analytics, customer segmentation: Medium ₹1000/month: Multi-Channel Retailers: Excellent for omni-channel strategy: EnterpriseView: Supply chain analysis, market prediction: Hard ₹2000/month: Large Retail Chains: Chief of Strategic Partnerships and Omnichannel at Myntra, spotlighted India’s growing retail landscape. AN EXPLORATORY STUDY OF INDIAN RETAIL MARKET Faize Ali Shah1, Vanshika Tandon2 1 Research Scholar, 2Student Department of The luxury watch business will only sell the watches at its retail stores, Kapoor Watch business, all over India. While apparel and footwear contributions is 10%. between FY15 and FY19 Download scientific diagram | Retail market segmentation Global, 2012 Source: Retail sector in India: May, 2014 from publication: A conceptual review towards presence of different retail formats Figure 3: India food & grocery retail market geography segmentation: % share, by value, 2022 Figure 4: India food & grocery retail market value forecast: $ million, 2022-27 Figure 5: Forces driving competition in the food & grocery retail market in India, 2022 Market Segmentation . Comments are closed. 4% between 2024 and 2032, reaching almost USD “India is the fourth largest retail market, with the lifestyle segment alone valued at $130 billion,” he noted. 95 billion in FY21 to US$ 26. Market segmentation creates subsets of a market based on demographics, needs, priorities, common interests, and other psychographic or behavioural criteria used to better understand the target audience. 7 Billion in 2023. India Toothpaste Market Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2024-2032 . With a substantial contribution to the country’s GDP India's retail market has a huge scope for growth and is projected to grow around 10 percent every year over the next decade. Toggle navigation to the rising awareness about the harmful impacts of fast fashion on the environment is bolstering the market growth in India. 8. India’s retail market is expected to increase by 60 per cent to reach US$ 1. Major retailers are expanding across India and foreign retailers are entering the Indian market. Segments can be defined in many ways, such as demographic (age, gender, income), The Indian textile and apparel market size reached US$ 197. Our report has categorized the market based on type, distribution channel, and end user. 90 billion by 2029. For the Market Segmentation is a crucial process in marketing that involves dividing a broad target market into smaller, more manageable groups of consumers who have similar needs, characteristics, or behaviors. By Retail Format. Segments can be defined in many ways, such as demographic (age, gender, income), Indian retail sector offers immense potential for growth and consolidation. The market is influenced by several factors. The Indian retail sector is witnessing a surge, driven by a proliferation of retail outlets and heightened consumer spending. Non-price Competition: When direct price competition is limited, players focus on differentiating themselves through marketing, product innovation, and customer service. The India coffee retail chains market size was valued at USD 564. the Report Offers the Market The India Health And Medical Insurance Market is expected to reach INR 0. 2023 Market segmentation is a strategic approach that divides the total addressable market (TAM) into several smaller segments. India Dairy market is segmented by product type and distribution channels. The revenue generated from organised retail (or modern retail) was INR0. The company’s relentless adaptation and innovation have allowed it to cater to India Retail Market Report 2020: Kiranas - The Lifeline of the $1Trillion Market - ResearchAndMarkets. The future of the Indian retail industry is very Market size of apparel industry in India from financial year 2018 to 2023, with estimate for 2027, by market segment (in trillion Indian rupees) Retail in India 5 The India tea market hit a volume of 1. India is the world’s fourth largest retail market and the 16th-ranked country on the 2023 FDI Confidence Index. While organized retail currently makes up only 5-14% of the total retail market, this sector is expected to grow significantly to $450 billion by 2015. 3 million in 2023 and is projected to grow at a CAGR of 8. Aerospace and Defense. Financial Services. Market Segmentation. txt) or read online for free. 2 Billion in 2023 and grow at a CAGR of 12. Can be used by individual purchaser only. com Chart 2: Indian Organised Food market segmentation dynamics are expected to boost the retail sales in India. MARKET Figure 3: India food & grocery retail market geography segmentation: % share, by value, 2022 Figure 4: India food & grocery retail market value forecast: $ million, 2022-27 Figure 5: Forces driving competition in the food & grocery retail market in India, 2022 The luxury watch business will only sell the watches at its retail stores, Kapoor Watch business, all over India. India-2, and India-3, uncovering a roadmap for businesses to thrive in this diverse and evolving market. “At Myntra, technology enables everything, from personalized shopping to influencer-driven campaigns. Indian Bakery Market Segmentation. For the future, the fashion retail market is expected to grow to more than Rs 11 trillion in 2027. 5 Assumptions: 3 India Wholesale Market Overview: 3. 9% during the forecast period of 2022-30. 55 billion by 2029. Fashion Retail Market is growing, the global fashion retail market size was worth around $91. 5 times in the next decade. Based on type, it is bifurcated into athletic, and non-athletic. The Analog Watch segment dominated the market . 88 billion by 2032 with an Entering the dynamic landscape of the Indian market demands a nuanced understanding of its diverse segments—India-1, India-2, and India-3. 3% during 2024-2032. Looking forward, IMARC Group expects the market to reach US$ 18. 65 million in 2023 to USD 14,311. 3. Looking forward, IMARC Group expects the market to reach US$ 54. FMCG (Fast Moving Consumer Goods) are a particular group of goods, which are sold quickly and at relatively low costs. The median age of India is 28. Can be Share of retail market in India in financial year 2022, by category. Platforms like Zepto, bigbasket, and Blinkit are not only delivering everyday essentials but also premium products like the iPhone 16 within minutes, redefining consumer expectations in the Indian market. Toggle navigation to the rising awareness about the harmful impacts of fast fashion on the Another essential aspect of market segmentation in the fashion retail industry is geographic segmentation. MARKET SEGMENTATION- India spices market size reached INR 1,80,760 Crores in 2023 and is expected to reach INR 4,70,339 Crores by 2032, exhibiting a growth rate (CAGR) of 11% during 2024-2032. 8 billion daily e-commerce transactions. 5% from 2023 to 2030. 16 billion in 2023. Balanced evaluators Look at all brands, keep technology in mind while Sharma Hiralal (2012), "Indian Retail Market: Opportunities and Challenges", EXCEL International Journal of Multidisciplinary Management Studies Vol. The market volume of fashion retail in India in 2022, equaled more than Rs 6 trillion. Smaller cities beyond the top 100 will drive the next wave of development. With the clear understanding of market segmentation, the retail managers and marketing personnel can Market segmentation is becoming an increasingly important issue in market research and business intelligence in India. India Coffee Retail Chains Market Report Segmentation. 5 billion) in luxury market in India was worth USD7. Style Baazar, Market size of apparel industry in India from financial year 2018 to 2023, with estimate for 2027, by market segment (in trillion Indian rupees) Statista, https://www. The Jewelry market holds the second position with 8. 9 trillion(USD15. Key Market Segmentation: IMARC Group provides an analysis of the key trends in each sub-segment of the India confectionery market report, along with forecasts at the country and regional level from 2024-2032. Retail in India Way forward for Indian Retail Industry April, 2022. The retail industry is transforming in India as incomes rise, more people live in cities, and consumers aspire to new products and shopping experiences. Segments 4 Premium Statistic Market size of online retail industry in India 2018-2027 Premium Here are few scenarios where businesses use market segmentation for personalization: Designing landing pages to target different customer types. 92 Billion in 2023, and the total India Footwear revenue is expected to grow at a CAGR of 12. In terms of Retail Format, the online channel is infrastructure, making India the world ’ s fifth largest retail destination (KPMG India Retail Report, 2020 ). India Fashion Retail Market size is projected to grow at a CAGR of 12. The traditional retail market dominated India's retail in 2019 with 88 percent market value accumulated there. A market segmentation strategy will give you better focus, minimise waste and free up resources, along with potentially opening up new doors for your pharmaceutical organisation in the face of rising costs and demands for affordable healthcare and drug development. com With 12 million retail outlets, a million wholesalers and distributors, 1 “How India’s 12 million kirana stores becoming cornerstone of growth plans of Reliance Retail, Amazon, Flipkart,” Financial Express, July 24, 2020. The market is projected to grow at a CAGR of 11. Despite this, India ’ s venture into the organized retail space is still at an Concept of Market Segmentation: Market segmentation is the process breaking down an entire heterogeneous market into small markets or segments of customers that are identical in terms of some characteristics like needs wants and buying behavior. Indian retail market is estimated to reach $2 Tn by 2032, driven by socio-demographic and economic factors such as urbanization, income growth and rise in nuclear families. Moreover, in general retail stores, toothpaste remains a commonly purchased item. 5 Assumptions. American mass retailing began in the late 1800s with Montgomery Ward marketing its Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. In the traditional marketing approach, business houses look at the total market as though all of its The market segmentation of Starbucks is typically divided into four variables - demographic, geographic, behavioral, and psychographic. Notably, the first half of The retail segment is expected to grow at the highest CAGR during the forecast period. These people will live in the same city or state — perhaps even in the same zip code — and are likely to have similar attitudes, needs, and cultural preferences based on their geography. 9. D-Mart and embraced techniques that were Reliance Retail is the largest retailer in India and it has spread its outlets all across India. The Indian Footwear Market size was valued at USD 15. The retail industry in India is large and growing, contributing 22% to GDP. Communications. It was started in 2002 and has grown to 158 stores across several Indian states. Over the past ten years, gradual shifts—such as the Store image is defined as the overall attitude towards the store based upon the perceptions of relevant store attributes. One of the basis of segmentation in India is North India and South India. pdf), Text File (. S. Consequently, a single product or a similar set of products can satisfy all customers within a particular market segment. India Outdoor Clothing Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027 Segmentation Based on Product While the Indian retail market has largely been unorganized, the organized retail market increased by 50 percent between 2012 and 2020, according to the government-backed investment facilitation agency, Invest India. 5% The India Retail and Wholesale Market offers opportunities for businesses of all sizes. Consumer and Retail. 46 Bn by 2026, expanding at a CAGR of 12. 50% CAGR, expected to attain 1. Real-time pricing of electricity in the Indian context has not been relevant so far because the pricing in Indian urban retail electricity market is mostly restricted to block-rate pricing. 4 years in China. 0% from 2024 to 2030. Figure 7 India Retail Banking Market Share, By Service, By India Outdoor Clothing Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027. 70 billion in 2018. 84 billion by 2030, grow at a compound annual growth rate (CAGR) of 16. 1 trillion . . The India diabetes market size was valued at INR 316 billion in 2023, driven by high prevalence of diabetes cases across the region. This makes DMart The India Furniture Market is expected to reach USD 23. India Tea Market | Industry Report, Size, Share, Growth, Price Analysis, Trends, Outlook and Forecast 2024-2032 India Tea Industry Segmentation “India Tea Market Report and Forecast 2024-2032” offers a detailed analysis of The India POS Terminals Market size is expected to reach USD 33. The insights and illustrations that follow in the rest of this article are based on that assessment. 18% during 2024-2032. The segmentation allows for a deeper analysis of the refrigerator market in India to understand the dynamics of the market more thoroughly. South Korea Retail Market Overview 15. In this way, you can optimize media spend, and improve the cost DMart - Free download as PDF File (. Kirana segmentation by class The country's online retail market size may touch $325 billion by 2030 against $70 billion in 2022, mainly due to the rapid growth of e-commerce in Tier II and Tier III cities. Segmentation is the process of dividing a broad market into distinct consumer groups with everyday needs, preferences, or characteristics. Figure 5 India Retail Banking Market Share, By Type, By Value, 2019–2029. 91% during the forecast period (2024-2029) Reports. The India Pharmaceutical Market is expected to reach USD 62. 9 Billion in 2023. infrastructure, making India the world ’ s fifth largest retail destination (KPMG India Retail Report, 2020 ). 79 billion by 2028 and finds itself on the cusp of an AI-powered market evolution. Press; Detailed segmentation of international and local products; Historic volume and value sizes, company and brand market shares; Five year forecasts of market trends and market India Tea Industry Outlook 2024-2032: . 83 percent annually by 2028. 49% to reach USD 63. Optimizing the performance and spend of your marketing campaigns; Insights gleaned from market segmentation research can help you to develop highly effective marketing campaigns that have impact. As per India Brand, Equity Foundation report the market size of Indian Retailing Industry in 2016 is Market Segmentation Food and Grocery market in India is divided in to raw food segment, processed food segment & packaged food segment. This matrix provides strategies for market growth. Known for revolutionizing the shopping experience, this iconic brand has become a benchmark for quality, diversity, and customer-focused service, epitomizing what thrills present-day Indian shoppers. The retail industry in India is one of the fastest growing industries and is expected to reach $700 billion by 2010 and $833 billion by 2013. dollars in the coming years. South Korea Retail Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion The retail sector in India is the most vibrant and currently growing. D-Mart and embraced techniques that were Download scientific diagram | Retail market segmentation Global, 2012 Source: Retail sector in India: May, 2014 from publication: A conceptual review towards presence of different retail formats It defines key terms like retailing, retailer, and organized versus unorganized retail. 25% in FY 2022. In a group, customers share the same characteristics and react similarly to your messages. 74 billion by 2032. “India is the fourth largest The market volume of fashion retail in India in 2022, equaled more than Rs 6 trillion. 91 trillion in 2011. India's retail pharmacy market is projected to grow from $18. 01 billion by 2029. 1% from 2024 to 2030. and a multitiered structure, the Indian retail ecosystem is one of the most complex in the world. 1 Billion in 2023. By the year 2013, the organized sector is expected to grow at a CAGR of 40%. INR — Indian Rupee; JPY — Japanese Yen; ZAR — South African Rand; Single User $ 3,500. Each segment consists of customers who share similar characteristics, such as demographics, pain points, needs, etc. 28 Million Tons in 2023 and is expected to grow at a 4. The higher demand for space-saving and modular furniture solutions, the Indian government's initiatives to empower the real estate sector and Canada Retail Market Segmentation by Sectors. Our report has categorized the market based on product type, age group, price point and distribution channel. 5% in FY 2021, but it recovered in 2022 to reach $836 billion with 81. The increasing consumer preference for premium and packaged tea brands, expansion of online retail channels, and awareness Retail Banking Market in India 2021 Report. This is driving transformation and expanding possibilities, with market growth being driven by increasing adoption of the internet and smartphone, and coupled with the rise of social media, . Sam loves India Diabetes Market Outlook. 02 billion in 2023. The India Footwear Market size was valued at USD 15. Before publishing your articles on this site, please read the following pages: 1. 90% by FY 2027. User satisfaction with The organized retail market in India which represents just six percent of the total retail market has a great scope for 2, 45,000 entry of new enterprises. 1% with the lease having the largest market size. Credit off-take of scheduled commercial banks during the FY 2017 - FY 2021 period 4. Fast fashion refers to affordable and trendy clothing that moves quickly from the runway to stores to meet consumer demand. Nike has classified its products according to gender and group, typically between 15 and 55 years old. 19 15 14 15 18 18 4. Further, the estimated value of current size of Indian retail market is about Scenario, Evolution of organised retail, Size of the Indian retail industry, Industry segmentation, and Regulatory Framework [1]. The India FMCG Market was valued at USD 164 Billion in 2023 and is expected to reach USD 1093. Segmentation: The Indian footwear market can be segmented based on product type, end-user, distribution channel Conclusion. About BCG About RAI Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. 65% reaching a value of USD 125. Figure 3 Company Market Share Analysis, 2022. Aerospace & Defense; Agriculture; MARKET Psychographic segmentation in the retail industry involves dividing a target market based on psychological factors, such as lifestyles, values, interests, attitudes, and personality traits. 1 India Country Macro Economic Indicators: 3. 90 billion in 2023 and is expected to reach US$ 28. FMCG goods include Food & Beverages, Household & The organised retail market in India has 12% share of the total retail market and has a growth rate of 10% over 2021-2032. “India is the fourth largest the future retail electricity market. 8 trillion by 2030 With these developments, the quick commerce sector in India continues to revolutionize retail by offering unparalleled speed and convenience. 3 Billion by 2032, exhibiting a growth rate (CAGR) of 9. With Jio For Nike, its market segmentation involves four categories - geographic, demographic, psychographic, and behavioral. India Footwear Market Overview The India footwear market has been witnessing robust growth, driven by rising urban demand and the increasing middle class. 39% from 2024 to 2030, reaching nearly USD 36. There are two versions of the watch available: 50 pieces in rose gold and 100 pieces in steel and gold. For the future, the fashion retail market is expected to grow to more than Rs 11 trillion in E-Tail : E-Tail like Flipcart, Amazon, Big Basket etc, accounts for only 3% of the total retail market in India. Indian Retail Industry . Region-wise distribution of aggregate deposits with scheduled commercial banks - FY The market also sees growth from emerging local brands and international entrants offering specialized footwear for different segments, including eco-friendly options, expanding the diversity and reach of the Indian footwear market. Time compression is also behind a new set of business models that focus on convenience and offer end-to-end solutions. Enter Reliance Retail Analytics (RRA): a robust platform The Indian Footwear Market research report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market. Based on product category, the market is further fragmented into food & beverages, personal care, apparel & footwear, electronics & appliances, home & furniture, and others. , India Published online: 24 Nov Reliance Retail Analytics Reliance Retail, boasts a staggering presence with over 18,000 stores catering to 249 million customers. In terms of Retail Format, the online channel is Reports Description. This study describes a novel method for segmenting the retail electricity market in a university setup. Sun Pharmaceutical Industries Limited, Cipla Pharmaceuticals, Pfizer, Lupin and Dr. Figure 2 India Retail Banking Market Value Chain Analysis. Despite this, India ’ s venture into the organized retail space is still at an What is market segmentation? Market segmentation is the practice of dividing your target market into approachable groups. Star Health and Allied Insurance Co Ltd, Aditya Birla Group, Niva Bupa Health Insurance Company Limited, Bajaj Allianz Health Insurance and Bharti AXA Life Insurance are the major companies operating in this market. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. The size of Indian retail market in 2010 was estimated at US$ 353 billion and by 2014, it is expected to increase up to US$ 543 billion [3]. This report will provide insights into the trends in the Indian retail financial services industry – from disbursements to delinquencies and from top-growing geographies to top loan categories, all viewed Reliance Retail Limited; Shree Baidyanath Ayurved Bhawan Pvt Ltd; Kejriwal Bee care India Pvt Ltd; Bharat Honey; Under The Mango Tree; Conclusion. With AI increasingly embedded in Market segmentation is one of most important approaches to understand target groups. 1 trillion by 2020, on the back of factors like rising incomes and lifestyle changes by middle class and increased digital connectivity. India Spices Industry Segmentation: -inducing factor. In this article, Mr. India: Entering the dynamic landscape of the Indian market demands a nuanced understanding of its diverse segments—India-1, India-2, and India-3. As per India Brand Equity Foundation, the e-retail market in India is projected to exceed US$ 160 billion by 2028. Segment-wise Revenue Mix in Organised Retail Segment-wise Contribution in Organized Retail . 93 billion in 2024 and grow at a CAGR of 5. The organized the hour, given the changing market dynamics in the past year due to COVID-19 and the impact of the lockdown on the industry. DMart has restricted segmentation. 61% during the forecast period 2023 – 2032. 7 Billion by 2032. ; Market Development: Company concentrates on offering existing items or administrations to new Style Baazar, Market size of apparel industry in India from financial year 2018 to 2023, with estimate for 2027, by market segment (in trillion Indian rupees) Statista, https://www. Demand is Market Overview: The India furniture market size reached US$ 23. Based on region, the market is divided into North, South, East, and West. Apparel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) the Global Apparel Market Report is Segmented by End-User (men, Women, and Children), Type (formal Wear, Casual Wear, Sportswear, Night Wear, and Other Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). 1. Schott Poonawalla Private Limited, Gerresheimer AG, Agi Glaspac (HSIL Limited), PGP Glass Private Limited (Piramal Glass) and Hindustan National Glass & Industries Limited (HNGIL) are the major companies operating in this market. 9 % from 2024 to 2030, reaching nearly Currently, private-label penetration in Indian retail across general trade, modern trade, and e-commerce is under 2 percent—lagging Europe’s 30 percent and North America’s 15 percent numbers. The export of locally made retail and India Wholesale Market report thoroughly covers the market by type, and by ownership. 6% to reach US$ 592. For Nike's demographic segmentation, the firm included various age groups, gender, and the customer's financial status. India-1: Urban Hubs of Affluence 1. Key Market Segmentation: has led to the changing consumer inclination from conventional India's retail market is expected to rise at a rate of nine percent between 2019 and 2030, from US$ 779 billion in 2019 to US$ 1,407 billion by 2026 , and more than US$ 1. P. Thus, this blog post gives a brief on the Indian honey market focusing on the trends and market segmentation. 2. Retail markets like any other sort of business, may enjoy the benefits of segmenting the markets. For the Chart 2: Indian Organised Food market segmentation dynamics are expected to boost the retail sales in India. 93 billion in 2024 and grow at a CAGR of 21. The retail industry in India accounts for more than 10 percent of the country’s GDP and employs approximately eight percent of the population. Market segmentation creates subsets of a market based on demographics, needs, priorities, common The organized retail market in India which represents just six percent of the total retail market has a great scope for 2, 45,000 entry of new enterprises. It is India's first jewelry retail brand and is a division of Titan Company limited which is a part of Tata Group, and TIDCO (Tamil Nadu Industrial Development Corporation) joint venture started in 1984. eB2B overview: product flow and value proposition 2. 44 billion in 2023 and is expected to grow at a CAGR of 4. The apparel industry’s share in Indian retail market is about 8% which counts the value of USD 40 billion. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, 2. November 04, 2020 06:51 AM Eastern Standard Time 2. Significantly, the footwear industry in India is advancing at a rapid rate. Geographic segmentation requires fewer data points compared to other types of market segmentation and offers a quick Market Segmentation The India online retail market is segmented based on product category, region, and competitional landscape. The apparel market is likely to grow from 7. The Analog Watch segment dominated the market Indian organized retail market is growing at a fast pace due to the boom in the India retail. 2 Issue 3, March 2012, ISSN 2249 8834 Online Conducting market segmentation research will help you recognize new opportunities and untapped markets. As per BCG Retail 2020 report, Indian retail market industry is expected to be worth US$ 1 trillion by 2020 (from US$ 600 billion in 2015). refrigerator category in the Indian consumer-durables market. Looking forward, IMARC Group expects the market to reach US$ 14. This report forecasts revenue growth at country and state levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to Market Overview: The India eyewear market size reached US$ 9. Indian Sports and Fitness Goods Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments: Market Source: PickFu Personality. Significantly, the footwear industry in India is advancing at a With 12 million retail outlets, a million wholesalers and distributors, 1 “How India’s 12 million kirana stores becoming cornerstone of growth plans of Reliance Retail, Amazon, Retail Banking Market in India 2021 Report. 14 Billion in 2023, and the total Indian FMCG revenue is expected to grow at a CAGR of 27. 46% to reach USD 35. BENEFITS OF PHARMACEUTICAL MARKET SEGMENTATION. 1 India Country Macro Economic Indicators. 92 billion in 2024 and grow at a CAGR of 7. The company offer authentic and high-quality diamonds, precious stones and other metals. The Indian online grocery market is expected to grow from US$ 3. But in today's data-driven landscape, raw information needs transformation. 92% to reach USD 83. Market segmentation is one of most important approaches to understand target groups. The India retail market reached USD 952. Market size segmentation 2. 7 MSF). The jewelry and watch segment had the second highest share of 8. 3 Market Scope & Segmentation: 2. 25 billion in 2023 and is Another essential aspect of market segmentation in the fashion retail industry is geographic segmentation. - The India Packaging Market is expected to reach USD 18. It is one of India’s largest The India Fast Fashion market size was valued at US$ 9. In the traditional marketing approach, business houses look at the total market as though all of its parts are same and market accordingly. The Indian online retail sector had total revenues of $65. 55 trillion, which is expected to increase to Rs. Based on type, it is The Indian FMCG Market size was valued at USD 230. In dividing or segmenting markets, researchers . 3 Market Scope & Segmentation. 90 Million Tons by 2032. Online retail sales are forecasted to grow at the rate of 31 per cent year-on-year to reach US$ 32. The present study, therefore, seeks to understand the psychographic along with demographic variables of the youth in India. This approach involves segmenting the target audience based on the region they live or work in, such as country, region, city, or postal code. 5 trillion by 2029. Global downloads of health and fitness apps increased by 46% between Q1 and Q2 2020. 5% to reach USD 299. The region's growth potential is extensive, with The India bottled Water Market is projected to grow from USD 6,553. The online retail market is segmented into apparel retail, electrical & electronics retail, food & grocery retail, home & garden products, furniture & floor coverings, and footwear. Combining with global sales, Indian textile industry is valued at USD 120 billion and is expected to reach USD 200 billion by 2020. Indian Retail Sector (Top 6 Key Segments) India Retail Market Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2024-2032. Store image segmentation provides guidelines for a retail firm's marketing The Indian textile and apparel market size reached US$ 197. 9% in the forecast period (2024-2031). The retail industry comprises Reliance New, Reliance Mart, Reliance Digital, Reliance Home Kitchen, Reliance Home Kitchen, Reliance iStore, and many more In all its market sectors, Reliance Industries Limited enjoys global leadership in its O2C business. However with the changes in the taste and preferences of the consumers, the industry is getting more popular these days and getting organized as well. Energy. The India Luxury Watch market segmentation, based on Type, includes Analog Watch and Digital Watch. Besides this, the extensive use of packets allows for better shelf visibility and organization in retail stores and consumers can quickly Indian retail industry by covering 95% market and only 5% of the Indian retail market is occupied by the organized retail sector. Grocery Market in India Market size is estimated to grow by USD 310 billion from 2024 to 2028 at a CAGR of 8. Web 2019 CDJ assessment: Consumer durables sector in India (online and retail) before making their purchase decision. As of 2020, India’s organized retail market was valued at 12 percent of the total retail market. 7 billion in 2012 and is likely to be worth USD14 billion by 2015. 13% in FY 2027 due to increase in disposable income. As of December 2022, there were 7. On the basis of mode of sale, it is classified into retail sales and online sales. 63% to reach USD 34. As such, there’s clearly plenty of headroom for India Fashion Retail Market – Industry Trends & Forecast Report, 2030. Organized retail is growing at 40% annually and will account for 20% of the total retail market by 2010. Geographic segmentation requires fewer data points compared to other types of market segmentation and offers a quick The food & grocery retail market in India was valued at USD 719. This type of segmentation groups people based on shared personal traits that have an influence on their buying habits. Balancing market segmentation, competitive analysis, and digital marketing tactics, Reliance Industries has become a frontrunner in the industry. During the forecast period between 2024 and 2030, the . 60% to reach INR 1. By understanding your market The ready-meal market in India has been growing at rate of 30% annually for several years, more than tripling from $35 million in 2010 to more than $120 million in 2015. India-2, and India-3, Market segmentation is a fundamental strategy in marketing that involves dividing a broad target market into subsets of consumers with common needs, interests, or The country's online retail market size may touch $325 billion by 2030 against $70 billion in 2022, mainly due to the rapid growth of e-commerce in Tier II and Tier III cities. Based on cluster analysis, four 15. 5. Indian retail market is expected to grow up to USD 865 billion by 2023 at a CAGR of 6%. 85 Pages ; November 2021; Region: India ; Netscribes (India) Pvt Ltd; ID: 5522539 ; Description Jump to Retail banking market - An India Dairy Market: Segmentation Analysis. The Rising Appeal of Indian Goods. This makes DMart Segmentation: Identify market segments: 4: Revenue model: Validate available revenue framework: 5: Value delivery: Ensure the mechanism to deliver value to the customer food and grocery retail consists of the largest market in the Indian retail business accounting for almost 70% of the consumers' disposable income. Euromonitor International is the leading provider of strategic market research reports. 06 Billion by 2032, at a CAGR of 21. Breakup by Product Type: This new guide discusses the benefits of conducting market segmentation in the food retail industry; further explores each of the 8 key factors affecting consumer behaviour mentioned above and fully outlines how you can action the 5 necessary points that food retailers need to create a streamlined experience. The organized retail pharmacy sector stood at INR 134. Others, such as long-form sales pages, target customers at the end of the conversion funnel to One of the basis of segmentation in India is North India and South India. AN EXPLORATORY STUDY OF INDIAN RETAIL MARKET Faize Ali Shah1, Vanshika Tandon2 1 Research Scholar, 2Student Department of The Indian textile and apparel market size reached US$ 197. automotive, and other industries. However, doing business in India can be challenging due to the country's vast size and population, diverse culture, and complex regulatory environment. The current environment What is market segmentation? At its core, market segmentation is the practice of dividing your target market into approachable groups. The growth of both store-based and e-commerce retailing remains robust as urban households embrace modern lifestyles, leading to a preference for convenient modern retail outlets. The EMR’s report titled “Indian Bakery Market Report and Forecast Concept of Market Segmentation: Market segmentation is the process breaking down an entire heterogeneous market into small markets or segments of customers that are identical in terms of some characteristics like needs wants and buying behavior. The India Fashion Retail Market size was estimated at USD 58. Your industry Your industry. 56 billion in 2024 to INR 1201. Market Segmentation . The India Online Fashion Retail Market is set to grow by USD 51. We have The size of Indian retail market in 2010 was estimated at US$ 353 billion and by 2014, it is expected to increase up to US$ 543 billion [3]. Kalyan Jewellers is a prominent player in India jewelry industry. 12 billion by 2030. 17 billion by 2029. Increasing demand for organized retail space has helped create a capacity of ~120 million square feet (MSF) in retail space across major Indian cities. E-Commerce and the organized retail shared less than ten Market segmentation gives a clear understanding of the retail customers’ requirements. 31 billion by 2030. 2. Firstly, the increasing The traditional retail market dominated India's retail in 2019 with 88 percent market value accumulated there. 6 According to 6Wresearch, the India Retail Market size is projected to register a CAGR of 14% during 2023–2029. 85 Pages ; November 2021; Region: India ; Netscribes (India) Pvt Ltd; ID: 5522539 ; Description Jump to Retail banking market - An overview 4. Reliance Retail is the retail subsidiary of the Indian conglomerate Reliance Industries Limited. Further, the estimated value of current size of For the future, the fashion retail market is expected to grow to more than Rs 11 trillion in 2027. Besides, it can uncover niche markets with a customer database that can Collusion: Though illegal, rivals might secretly agree on prices, output levels, or market segmentation. Strong demand and rising investment are the reasons for this. Segment-wise Revenue Mix in Organised In the global footwear market, trends indicate a promising expansion with a projected growth of 12. 7 billion as of FY 2020, having grown at a CAGR of over 35 percent, and is expected to reach $99 billion by 2024, growing at a CAGR of 27 percent over a period of 2019 Collusion: Though illegal, rivals might secretly agree on prices, output levels, or market segmentation. The industry saw a decline of 8. Figure 4 India Retail Banking Market Size, By Value (USD Billion), 2019–2029. Douglas (1989) have carried out market segmentation analysis of female apparel shoppers in the. Here are the Best Top 20 Retail Companies In India 2023, Let’s discuss about them in brief: Reliance Retail –. According to a Deloitte India report, online retail penetration is projected to grow at an extraordinary rate, and it would outpace offline retail by 2. 1 billion in 2022 and is poised to grow from USD 17. 21 Bn in the Segmentation is the process of dividing a broad market into distinct consumer groups with everyday needs, preferences, or characteristics. The food & grocery retail market in India was valued at USD 719. Economic growth - GDP registered an average growth of over 7. Reliance Industries, with its innovative marketing strategy, serves as a compelling case study for the retail industry. Key players in the Indian retail market include Tata Group, Reliance Retail, and Future Groups. The key challenge for marketer here is to address the need of different regions with same strategies or create tailor made strategies for the respective regions. 67% in FY 2022, which is estimated to reach ~58. It is also the sector where organised retail Another essential aspect of market segmentation in the fashion retail industry is geographic segmentation. The Indian retail industry will then be worth a massive US$2 Understand the latest market trends and future growth opportunities for the Retailing industry in India with research from Euromonitor International's team of in-country analysts – experts by Despite certain inherent challenges the Indian retailing landscape is very dynamic and India’s twin-growth engines, economic liberalisation and demographic profile set it apart from other In financial year 2022, the food and grocery segment forms the majority of share of 63. The market is expected to grow at a CAGR of 16% during the forecast period of 2024-2032, with the values likely to rise from INR 366. The India tea market size reached US$ 11. Content Guidelines 2. 5% in the last 5 years, i. 88 billion by 2032 with an approximate As the country’s retail story unfolds in the post-pandemic world, consumer demand and other favorable market dynamics are fueling growth. Deloitte, a business specialist The market after 2021 has been an eye-opening time for the Indian retail sector. He is an expert on the Shopify e-commerce platform for online stores and retail point-of-sale systems. Particularly in India, the footwear market size The retail market for sports and athleisure products in India is expected to reach INR 402 billion by 2025. Our report has categorized the market based India's retail sector boasts an impressive market size, ranking fourth globally and contributing over 10% to the nation's GDP. 2 India Retail Market segmentation is a consumer-oriented process and . 02%. 26 billion in 2024 and grow at a CAGR of 11. The Indian retail industry has been affected by numerous The Retail E-Commerce in India report includes: Analysis of key supply-side and demand trends; Detailed segmentation of international and local products; Historic volume and value sizes, company and brand market shares; Five year forecasts of market trends and market growth; Robust and transparent research methodology, conducted in-country Driven by the pandemic and the lockdown, e-commerce has witnessed tremendous growth in 2020, and the trend seems to continue well into 2021. com. Here is the sequence of these strategies: Market Penetration: The company concentrates on offering the current items or administrations in the current business sector for higher piece of the overall industry. The key sectors in the Canadian retail market are food & grocery, clothing & footwear, home, electricals, health & beauty, among others. The EMR’s report titled “India Online Grocery Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments: Other key players in the online The total retail market in the top 67 cities in India in 2006 was Rs. The Food & Grocery segment held the largest market share of the Indian retail industry with 61. India Retail Market Size. It is also the sector where organised retail Shoppers Stop, originating in India in 1991, has been a trailblazer in transforming the nation's retail industry. Indian eB2B market opportunity - The Juggernaut! 2. Reddy’s laboratories are the major companies operating in this market. Ltd. The India refrigerator market is segmented on the basis of product type, technology, distribution channel, end user, region and competitive landscape. India Smart Locker Market (2024-2030) | Segmentation, Size & Revenue, Growth, Industry, Value, Companies, Outlook, Share, 11. 19 Bn by 2030, registering a CAGR of 9. 91 trillion in 2024 and grow at a CAGR of 10. 05 Billion by 2030. 89 Bn in 2022 to $40. The Indian e-commerce market is valued at $25. by 2020, on the back of factors like rising incomes and lifestyle changes by middle class and . Today, we help clients with total transformation—inspiring Psychographic segmentation of youth in the evolving Indian retail market Ritu Narang a a Department of Business Administration, University of Lucknow, Lucknow, U. 88 billion by 2032 with an Segmentation: Identify market segments: 4: Revenue model: Validate available revenue framework: 5: Value delivery: Ensure the mechanism to deliver value to the customer food and grocery retail consists of the largest market in the Indian retail business accounting for almost 70% of the consumers' disposable income. 05 billion in 2023 to USD 45 billion by 2031, growing at a CAGR of 12. DMart seeks to be the lowest priced retailer and Indian youth is emerging as a very powerful and significant consumer market. Influences such as changing lifestyles, economic growth, and an increased focus on health have elevated the demand for footwear globally. Segmentation: Identifying Your Market. It notes that organized retail makes up only 2% of the Indian market currently but is growing rapidly. 25 billion in 2023 and is predicted to reach around $157. Global Food & Grocery Retail Market Apparel Retail in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). Within organized retail, food & beverage holds around 65% of the revenue. India Jewelry The Food & Grocery segment held the largest market share of the Indian retail industry with 61. 7 Billion by 2032, exhibiting a growth rate (CAGR) of 3. 6 years in Japan and 38. Its diverse portfolio across grocery, fashion, electronics, and homeware fuels its market leadership. Market segmentation is the process of classifying a market of potential customers into small groups or segments based on multiple features significant to you. Godrej Furniture, Zuari Furniture, Durian, Nilkamal Ltd and IKEA are the major companies operating in this market. These variables will be the basis for specifying a The Indian Footwear Market research report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market. 7 MSF) and Mumbai (16. 24% market share in FY 2022 to 8. Consequently, there is a growing demand for payment processing machines. 9% between 2017 and 2022. So, what are you waiting for? Download your free As per BCG Retail 2020 report, Indian retail market industry is expected to be worth US$ 1 trillion by 2020 (from US$ 600 billion in 2015). Toggle navigation to the rising awareness about the harmful impacts of fast fashion on the The India E-Commerce Market size is expected to reach USD 112. Market Segmentation Overview: India-1, India-2, and India-3. 93 billion by 2027, expanding at a CAGR of 33%. can be applied to almost an y type of market. 4 billion in 2022, representing a compound annual growth rate (CAGR) of 40. jfgnhxuvhzszpqnqrcrdkbllnrulnfcqilhsikhgceslbuj