The global retail market demonstrated robust performance in 2024, reaching an impressive valuation of USD 23 trillion. With a projected compound annual growth rate (CAGR) of 5.8% over the forecast period from 2025 to 2034, the market is set to soar to a staggering USD 38.2 trillion by 2034. This growth is driven by factors such as digital transformation, evolving consumer preferences, and the expansion of e-commerce across emerging and established economies. The retail sector continues to be a dynamic and critical player in shaping the global economy, promising significant opportunities for businesses and investors.
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