TAXABLE RETAIL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Taxable Retail Market, By Product Type (Food & Beverage, Apparel & Footwear, Consumer Electronics, Home Improvement, Personal Care & Beauty, Toys & Games, Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores & Departmental Stores, Specialty Stores, Others (Warehouses, etc.)), By Location (Standalone, Malls, Strip Centers, Power Centers, Lifestyle Centers, Factory Outlets, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Taxable Retail Market Regional Insights:

North America is expected to be the largest market for taxable retail during the forecast period, accounting for over 47% of the market share in 2023. The growth of the market in North America is attributed to high per capita incomes and a culture of mass consumption.
Europe is expected to be the second-largest market for taxable retail, accounting for over 22% of the market share in 2023. The growth of the market in Europe is attributed to rising standards of living and a growing preference for premium retail experiences.
Asia Pacific is expected to be the fastest-growing market for taxable retail, growing with a CAGR of over 18% during the forecast period. The growth of the market in Asia Pacific is attributed to rapid urbanization, an expanding middle class, and the embracing of modern retail formats.