Over the past five years, sales within the global retail market recorded a compound annual growth rate (CAGR) of 7%. The global retail market is expected to continue this growth with sales in the region expected to grow by over 8% annually through to 2016.
In 2011 the global retail market was dominated by food and grocery sales, accounting for over half of total sales that year. However, while this category was the largest, its sales are relatively stable year on year.
Online retailers represented the fastest growing segment within the global retail market, recording a CAGR of over 14% and are expected to remain so through to 2016 at a CAGR of just over 15%.
Asia-Pacific continues to dominate the global retail market. The contribution from the region is expected to increase from just over 30% in 2006 to just under half by 2016. Asia-Pacific is expected to continue to grow by over 10% every year through 2016.
Global retail market sales in both Europe and North America are expected to see a decline in their share, while Latin America is expected to see a marginal share increase by 2016.
North America dominates the per-capita retail spend among all five regions, followed by Europe and Latin America.
For more information on the global retail market, see the latest research: Global Retail Market Report
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