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Summer 2023 | M&A Report In The Consumer Retail Industry Sector

By Joseph P. Sands

August 28, 2023

The report below gives a good overview of the Summer 2023 M&A activity in the Consumer Retail Industry Sector. The global retail market experienced growth from $26.2 trillion in 2022 to $28.3 trillion in 2023, with a CAGR of 8.3%, according to Research and Markets. The Russia-Ukraine war hindered immediate global economic recovery, resulting in economic sanctions, increased commodity prices, and supply chain disruptions that caused inflation and impacted various markets worldwide. Projections suggest that the retail market will reach $37.7 trillion in 2027, with a CAGR of 7.4%. As per the US Census Bureau, the advance estimates of US retail and food services sales for May 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $686.6 billion, up 0.3% from the previous month, due to paused inflation hike. The Asia Pacific region plays a significant role in the industry, driven by investments from leading e-commerce companies in emerging economies like India and China. The fast-growing economies and the growing consumer disposable incomes in these regions are favoring industry growth. The adoption of Internet of Things (IoT) has reshaped the retail industry, particularly the e-commerce sector. Increased smartphone usage and accessibility to essentials from home have also contributed to market growth, alongside factors such as urbanization and higher disposable incomes. E-commerce is expected to rise 10-12% in 2023, representing approximately 70% of total retail sales, as per the National Retail Federation, making it the preferred shopping method post-COVID-19.

Posted by Joseph P. Sands.

Read the Entire Summer 2023 Consumer Retail Report Here