Consumer Product and Retail Market is Estimated to Witness High Growth Owing to Significant Growth in E-Commerce Platforms

Consumer Product a The global consumer product and retail market encompasses various consumer goods, including food, clothing, electronics, personal care items, and more. These products are sold through multiple sales channels, including brick-and-mortar supermarkets, hypermarkets, department stores, specialty retail stores, and e-commerce platforms. E-commerce has seen significant growth over the past few years, with consumers preferring the ease and convenience of online shopping. This has prompted many leading retail players to bolster their online presence through dedicated websites and mobile applications. The global consumer product and retail market is estimated to be valued at US$ 21.01 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key drivers for the growth of the consumer product and retail market is the significant gro...