Pharmacies and Healthcare Stores Global Market Report 2023 – By Type (Pharmacies and Drug Stores, Other Health and Personal Care Stores), By Ownership (Retail Chain, Independent Retailer), By Drug Type (Prescription Drugs, Over-the-Counter (OTC) Drugs, Other Drug Types) – Market Size, Trends, And Global Forecast 2023-2032

A pharmacy is where one can get prescription medications. It may be located inside a grocery shop, drugstore, chemist, or other establishment. Drug store refers to a location whose major activity is the selling of pharmaceuticals, medicines, and pharmaceutical preparations. Drug stores have a regular prescription department and hire a registered pharmacist on-site at all times. The main drug types of pharmacies and drug stores are prescription drugs and over-the-counter drugs. Prescription drugs refer to a drug that can be obtained only with a physician's prescription. The various types involved are community pharmacy, hospital pharmacy, clinical pharmacy, industrial pharmacy, compounding pharmacy, consulting pharmacy, ambulatory care pharmacy, regulatory pharmacy, and homecare pharmacy. The different product types included are skincare, cold and flu, dental, weight loss, vitamins, and other product types. The global pharmacies and drug stores market is segmented - 1) By Drug Type: Prescription Drugs, OTC drugs 2) By Type: Community Pharmacy, Hospital Pharmacy, Clinical Pharmacy, Industrial Pharmacy, Compounding Pharmacy, Consulting Pharmacy, Ambulatory Care Pharmacy, Regulatory Pharmacy, Home Care Pharmacy 3) By Product Type: Skin Care, Cold and Flu, Dental, Weight Loss, Vitamins, Other Product Types The global pharmacies and drug stores market size will grow from $1,126.63 billion in 2022 to $1,205.81 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global pharmacies and drug stores is expected to grow to $1,513.65 billion in 2027 at a CAGR of 5.8%. The growing ageing population and increasing health consciousness among the global populace are likely to drive the pharmacy and drug store market. The geriatric population is more vulnerable to acquiring several diseases that increase their dependence on pharmacies and drug stores, thus indirectly affecting the market. According to the Global Health and Aging report, the number of people aged 65 or older is projected to grow to nearly 1.5 billion in 2050, with most of the increase in developing countries. Certain health conditions are expected to be a challenge to our health care system with the increasing ageing population. These conditions include cancer, dementia, an increase in the number of falls, obesity, and diabetes. Due to the increasing aging population, the number of cases is expected to increase, thus providing a growing customer base for growth of the pharmacies and drug stores market. Major players in the pharmacies and drug stores market are Walgreens Boots (WBA), CVS Health (CVS), Rite Aid (RAD), MedPlus, Rexall, Shoppers Drug Mart, Grupo Casa Saba, China Nepstar, AS Watson, and Matsumoto Kiyoshi. Rapidly increasing cost pressures from regulatory agencies and payers will restrain the pharmacies and drug stores market. Government budgetary pressures are leading to lower pharmacy compensation for most countries with public health care. The consolidation of pharmacy benefit management firms in the U.S. has worked similarly, driving lower costs and margins, and shifting prescription volumes to the delivery of direct or mail orders. Governments would be the largest healthcare payers in virtually every country. This, in turn, creates increased pressure on taxpayers and government spending, with consequent pharmaceutical effects. These factors are expected to have a negative impact on the pharmacies and drug stores market as they increase cost pressures from regulatory agencies and affect the market’s growth. Working long hours and drive-through locations are the major factors contributing to increasing the pharmacy and drugstore market growth. As competition has increased from mass merchandisers and supermarkets, as well as from direct mail prescription services, drug stores have been adding value in the form of 24-hour operations and drive-through pharmacies. The US Pharmacy Study measures customer satisfaction with their pharmacy experience across major chain drug stores, mass merchandisers, supermarkets, and mail-order pharmacies. The study shows that retail pharmacy businesses continue to shine when it comes to engaging patient-centric services that drive satisfaction. These convenience factors anticipate the growth of pharmacies and the drugstore market. In January 2021, AmerisourceBergen Corporation, a US-based drug wholesale company, acquired Walgreens Boots Alliance, Inc. for the amount of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock. Acquiring Alliance Healthcare will provide even stronger support for pharmacies and pharmacists across the world and integrate solutions for pharmaceutical manufacturers. Walgreens Boots Alliance, Inc. is a US-based holding company that owns the retail pharmacy chains and manufactures pharmaceuticals and distribution companies. Asia-Pacific was the largest region in the pharmacies and drug stores market in 2022. North America was the second-largest region in the global pharmacies and drug stores market share. The regions covered in the global pharmacies and drug stores market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the pharmacies and drug stores market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The pharmacies and drug stores market include revenues earned by entities by branded prescription drugs, generic drugs, non-prescription medicines, personal health supplies, and dietary supplements, cosmetics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The pharmacies and drug stores market research report is one of a series of new reports from The Business Research Company that provides pharmacies and drug stores market statistics, including pharmacies and drug stores industry global market size, regional shares, competitors with a pharmacies and drug stores market share, detailed pharmacies and drug stores market segments, market trends and opportunities, and any further data you may need to thrive in the pharmacies and drug stores industry. This pharmacies and drug stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Supermarket and hypermarkets are stores that are engaged in retailing of fresh, frozen, and canned foods and dry goods, such as tea, coffee, spices, sugar, and flour, as well as fresh fruits and vegetables, and fresh and prepared meats, fish, and poultry to ultimate users. The main types of supermarkets and hypermarkets are supermarkets and hypermarkets. A supermarket is a big retail establishment that sells food and other household items and is typically self-serve. The major types of ownerships are retail chains and independent retailers that have applications in consumer electronics, furniture, food and beverage, toy & stationery, personal care, cosmetics, home textile, dress, and other applications. The global supermarkets and hypermarkets market is segmented - 1) By Type: Supermarkets, Hypermarkets 2) By Ownership: Retail Chain, Independent Retailer 3) By Application: Consumer Electronics, Furniture, Food and Beverage, Toy And Stationery, Personal Care, Cosmetic, Home Textile, Dress, Other Applications The global supermarkets and hypermarkets market size will grow from $3,138.21 billion in 2022 to $3,373.9 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of supermarkets and hypermarkets market is expected to grow to $4,346.14 billion in 2027 at a CAGR of 6.5%. Supermarkets and hypermarkets are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for supermarkets and hypermarkets to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. Major companies in the supermarket and hypermarket market include The Kroger Co, Aldi, Schwarz Unternehmenstreuhand KG, Rewe Group, Albertsons Companies Inc., Koninklijke Ahold Delhaize N.V, Tesco PLC, Carrefour SA, Fonciere Euris SA, and J Sainsbury plc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the supermarket and hypermarket market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the supermarkets and hypermarkets market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Supermarkets and hypermarkets are increasingly using blockchain technology to track product details such as source, manufacturing location, transportation modes. Blockchain technology can be described as a data structure that holds transactional records and ensures security, transparency, and decentralization. Due to rising awareness about healthy eating, shoppers are actively looking for the origin and methods of food production to understand the entire food supply chain. Food quality. Blockchain technology enables users to access labelling information on smartphones, giving the user in-depth tracking of data that ensures food quality. For instance, in March 2022, Zipmex, a Southeast Asia-based digital asset platform launched a blockchain powered supermarket in collaboration with Thailand’s Central Retail Corporation. North America was the largest region in the supermarkets and hypermarkets market in 2022. Western Europe was the second-largest region in the supermarkets and hypermarkets market. The regions covered in the supermarkets and hypermarkets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the supermarket and hypermarket market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The supermarket and hypermarket market includes revenues earned by entities by providing services through supermarkets and hypermarkets. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The supermarkets and hypermarkets market research report is one of a series of new reports from The Business Research Company that provides supermarkets and hypermarkets market statistics, including supermarkets and hypermarkets industry global market size, regional shares, competitors with a supermarkets and hypermarkets market share, detailed supermarkets and hypermarkets market segments, market trends and opportunities, and any further data you may need to thrive in the supermarkets and hypermarkets industry. This supermarkets and hypermarkets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Department stores and other general merchandise stores are stores that are engaged in retailing new merchandise, such as apparel, jewelry, home furnishings, toys, groceries, and other merchandise. The main types of department and other general merchandise stores are department stores and other merchandise stores. A department store is a large store organised into departments that sell items such as furniture, apparel, electronics, footwear, cosmetics, and so on. Retail chains and independent retailers licenced as branded, branded licensed, and unbranded are owned by department and other general merchandise stores. The global department stores and other general merchandise stores market is segmented - 1) By Type: Department Stores, Other General Merchandise Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By License: Branded, Brand Licensed, Unbranded The global department stores & other general merchandise stores market size will grow from $2,539.94 billion in 2022 to $2,724.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of department stores & other general merchandise stores market is expected to grow to $3,468.52 billion in 2027 at a CAGR of 6.2%. Department stores and other general merchandise stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market will reach $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyse data, it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward. Major companies in the department stores & other general merchandise stores market include Walmart Inc., Costco Wholesale Corp, Target Corporation, Carrefour SA, Dollar General, Aeon Co Ltd., Suning.com Group, Macy's Inc., Kohl’s, and Tesco PLC. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the department store and other general merchandise store markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the department stores and other general merchandise stores market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Self-checkout technology is being widely used in department stores, specialty stores, and small convenience stores to automate payments. Self-checkout systems are integrated with a mobile software application to collect purchase data and to automatically receive payment. They make use of Near Field Communication (NFC) or quick response code (QR code), which is a machine-readable optical label. This eliminates the need for checkouts, queues, loading and unloading, and employees to operate the checkout counter. This type of automation reduces operational costs and saves time spent on manual billing. Self-checkout systems are being used extensively by retail stores in the USA and the UK. For instance, a survey on self-service checkouts in multiple countries found 90% of respondents use self-checkouts, of which Australia and Italy were leading. Wal-Mart has installed 10,000 self-checkout systems in its 1200 stores across the USA. North America was the largest region in the department stores & other general merchandise stores market in 2022. Asia-Pacific was the second-largest region in the department stores & other general merchandise stores market. The regions covered in the department stores & other general merchandise stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the department stores and other general merchandise stores market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The department stores and other general merchandise stores market includes revenues earned by entities by providing services through discount stores, off price stores, outlet stores, and category specific stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The department stores & other general merchandise stores market research report is one of a series of new reports from The Business Research Company that provides department store and other general merchandise store market statistics, including department store and other general merchandise store industry global market size, regional shares, competitors with a department store & other general merchandise store market share, detailed department store and other general merchandise store market segments, market trends and opportunities, and any further data you may need to thrive in the department store and other general merchandise store industry. This department stores and other general merchandise stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Other health and personal care refer to services for people who require assistance with daily activities and health issues. The other health and personal care include health and personal care products excluding medicines, optical products, perfumes, cosmetics, beauty supplies, and food supplement products in the retail and wholesale industry. The other types of health and personal care stores are convalescent supply stores, prosthetic stores, hearing aid stores, sick room supply stores, medical equipment and supplies stores, and personal mobility scooter dealers. Hearing aid stores refer to an electronic device for amplifying sound that is worn in or behind the ear of a person with hearing loss. The categories included are mass products and premium products. The stores are licensed as branded, brand licensed, and unbranded. The global other health and personal care stores market is segmented - 1) By Type: Convalescent Supply Stores, Prosthetic Stores, Hearing Aid Stores, Sick Room Supply Stores, Medical Equipment And Supplies Stores, Personal Mobility Scooter Dealers 2) By Category: Mass Products, Premium Products 3) By License: Branded, Brand Licensed, Unbranded The global other health and personal care stores market size will grow from $65.74 billion in 2022 to $68.93 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global other health and personal care stores is expected to grow to $79.69 billion in 2027 at a CAGR of 3.7%. There is an increased concentration of growth in the number of surgeries performed worldwide across the historic period. Many people lose their lives from conditions that require surgical care. According to a study published by The Lancet Commissions, if the LMICs were to scale up the surgery rate annually, then a minimum volume of 5000 operations per 100,000 population is expected to be fulfilled by about two-thirds of countries. The increase in the number of surgeries performed annually is expected to boost the market's growth as surgeries will increase the demand for growth of other health and personal care stores market supply. Major players in the other health and personal care stores market are USANA Health Sciences Inc., Enzymatic Therapy Inc., Ajinomoto Health and Nutrition North America Inc., Super Supplements Inc., Herbalife Nutrition Ltd., Forever Living Products International, Trivita Inc., Nature's Sunshine Products Inc., ForeverGreen Worldwide, and Integrated Biopharma Inc. Product recalls in the global supply chain occur due to increasing concern about product safety among consumers. Retailers are the bridge or connection between the upstream supply chain, which includes manufacturers and wholesalers, and consumers. In February 2020, Advanced Bionics LLC (AB), a US subsidiary of Sonova Holding AG—a leading hearing aid provider—voluntarily recalled HiRes Ultra and Ultra 3D cochlear implants for corrective action, and this one-time recall is estimated to cost them $51 million due to issues of reduced performance by the customers. In February 2020, ResMed recalled Stellar 100 and 150 Non-invasive and Invasive Ventilators due to the failure of the device. In a reverse supply chain, a major role is played by the retailers, thus, a product recall has a negative impact on the retailers in terms of revenue. The use of online supply platforms, or e-commerce sites, is gaining increased popularity among retailers and customers as well. Online retailing overcomes the traditional retailing stores in ways like limiting geographical barriers, cost-effective advertising, and marketing channels, creating a market for niche-products, providing customers to compare and shop, remaining open 24/7, creating targeted communication, and more. In November 2021, SMV Healthcare, a Chennai-based pharmaceuticals company, launched MyMedicalShop.com, an online platform for purchasing medicine and healthcare products. E-commerce builds a new path without the need for a manual store for retailers to reach customers. In April 2022, Lifesupply Health Supplies Inc., a Canada-based medical supplies company, acquired Smart Move Medical for an undisclosed amount. The acquisition would expand the distribution network of the company and provide it with broader access to a network of suppliers internationally. Smart Move Medical is a Canada-based medical equipment supplier. Asia-Pacific was the largest region in the other health and personal care stores market in 2022. North America was the second-largest region in the global other health and personal care stores market share. The regions covered in the global other health and personal care stores market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the other health and personal care stores market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The other health and personal care stores market includes revenues earned by entities by include medical equipment, diagnostics, hearing aids, personal mobility scooters, prosthetics, and sick room equipment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The other health and personal care stores market research report is one of a series of new reports from The Business Research Company that provides other health and personal care stores market statistics, including other health and personal care stores industry global market size, regional shares, competitors with other health and personal care stores market share, detailed other health and personal care stores market segments, market trends and opportunities, and any further data you may need to thrive in the other health and personal care stores industry. This other health and personal care stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Furniture and home furnishings stores are stores that sell furniture and home furnishings and appliances to ultimate users from fixed point-of-sale locations. The businesses in the industry operate from showrooms with substantial areas for the presentation of their products. The main types of furniture and home furnishing stores are furniture stores and home furnishings stores. A furniture store specializes in the sale of furniture and, in certain cases, carpeting. The main types of stores are exclusive retailers/showrooms and inclusive retailers/dealer stores, which have ownership by retail chains and independent retailers. The global furniture and home furnishings stores market is segmented - 1) By Type: Furniture Stores, Home Furnishings Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store The global furniture and home furnishings stores market size will grow from $438.79 billion in 2022 to $471 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of furniture and home furnishings stores market is expected to grow to $602.42 billion in 2027 at a CAGR of 6.3%. Furniture and home furnishings stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market will reach $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for furniture and home furnishings stores to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward. Major companies in the furniture and home furnishings market include Inter Ikea Holding B.V., The Home Depot, Bed Bath & Beyond, Nitori Holdings Co. Ltd., Williams-Sonoma Inc., Steinhoff International Holdings N.V., Berkshire Hathaway Inc., Rooms To Go Incorporated, Office Depot, and RH. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the furniture and home furnishings stores market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the furniture and home furnishings market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Augmented reality (AR) and virtual reality (VR) empower the customer experience by letting them connect to the product with interactive and personalized options. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. This allows the customers to understand the experience of owning a product. Furniture and home furnishings companies should consider using virtual reality technology to enhance the customer experience. IKEA, a Swedish multinational company, has launched an AR catalogue application that allows customers to see how certain items of furniture would look in their home. Consumers can virtually visualize how these pieces will look and fit in their homes according to the product’s dimensions. Indian players such as Pepper Fry have also started using AR technology to show users how certain products will look in their home through their mobile application. North America was the largest region in the furniture and home furnishings stores market in 2022. Asia-Pacific was the second largest region inf the furniture and home furnishings stores market. The regions covered in the furniture and home furnishings stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the furniture and home furnishings market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The furniture and home furnishings stores market include revenues earned by entities by providing services through lifestyle stores, office supply stores, and furniture stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The furniture and home furnishings stores market research report is one of a series of new reports from The Business Research Company that provides furniture and home furnishings stores market statistics, including furniture and home furnishings stores industry global market size, regional shares, competitors with a furniture and home furnishings stores market share, detailed furniture and home furnishings stores market segments, market trends and opportunities, and any further data you may need to thrive in the furniture and home furnishings stores industry. This furniture and home furnishings stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Food and beverage stores are stores that sell edible product used wholly or partially for human consumption that is raw, cooked, or processed from fixed point-of-sale locations. The main types of food and beverages stores are specialty food stores, beer, wine, and liquor stores. A specialty food store is a retailer that sells food that is only available in a restricted number of locations. The food and beverages stores have ownership by retail chains and independent retailers with price ranges of premium, mid-range, and economy. The global food and beverage stores market is segmented – 1) By Type: Specialty Food Stores, Beer, Wine And Liquor Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Price Range: Premium, Mid-Range, Economy The global food and beverage stores market size will grow from $2,210.65 billion in 2022 to $2,441.19 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of food and beverage stores is expected to grow to $3,525.79 billion in 2027 at a CAGR of 9.6%. The food and beverage stores market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that global GDP growth was 3.3% in 2020 and 3.4% in 2021. Commodity price recovery following a historical decline is also expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the food and beverage stores market include Woolworths Ltd., Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize N.V, LVMH Moet Hennessy Louis Vuitton SE, George Weston Ltd., Jardine Matheson, Seven & i Holdings Co. Ltd., Marubeni, Greggs plc, and Lancaster Colony Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the food and beverage stores market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of 'lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the food and beverage stores market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Self-checkout technology is being widely used in department stores, specialty stores, and small convenience stores to automate payments. Self-checkout systems are integrated with a mobile software application to collect purchase data and to automatically receive payment. They make use of Near Field Communication (NFC) or quick response code (QR code), which is a machine-readable optical label. This eliminates the need for checkouts, queues, loading and unloading, and employees to operate the checkout counter. This type of automation reduces operational costs and saves time spent on manual billing. Self-checkout systems are being used extensively by retail stores in the USA and the UK. For instance, a survey on self-service checkouts in multiple countries found 90% of respondents use self-checkouts, of which Australia and Italy were leading. Wal-Mart has installed 10,000 self-checkout systems in its 1200 stores across the USA. Asia-Pacific was the largest region in the food and beverage stores market in 2022. Africa was the second largest region in the food and beverage stores market share. The regions covered in the food and beverage stores market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the food and beverage stores market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The food and beverage stores market includes revenues earned by entities by providing services through restaurants, bars, coffee shops, and banquets. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The food and beverage stores market research report is one of a series of new reports from The Business Research Company that provides food and beverage stores market statistics, including food and beverage stores industry, regional shares, competitors with a food and beverage stores market share, detailed food and beverage stores market segments, market trends and opportunities, and any further data you may need to thrive in the food and beverage stores industry. This food and beverage stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Convenience, mom and pop stores are stores that provide the retail service of supplying food, toiletries, and other daily 'necessities' to their consumers through conveniently located small stores. The main types of convenience, mom and pop stores are convenience stores and mom and pop stores. A convenience store is a small, generally franchised store that is open for longer hours than the usual store. The convenience, mom and pop stores are taking ownership of retail chains and independent retailers with price ranges of premium, mid-range, and economy. The global convenience, mom and pop stores market is segmented - 1) By Type: Convenience Stores, Mom And Pop Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Price Range: Premium, Mid-Range, Economy The global convenience, mom and pop stores market size will grow from $1,018.42 billion in 2022 to $1,122.22 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of convenience, mom and pop stores market is expected to grow to $1,612.54 billion in 2027 at a CAGR of 9.5%. Convenience, mom-and-pop stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market raised$5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyse data, it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward. Major companies in the convenience, mom, and pop stores market include Itochu Corp, Seven & i Holdings Co. Ltd., Auchan Holding SA, Casino Guichard-Perrachon SA, SPAR International, Magnit, Amazon.com Inc., Tesco PLC, Love's Travel Stops & Country Stores, and Alimentation Couche-Tard Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the convenience, mom-and-pop store market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the convenience, mom and pop stores market will recover from the shock across the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Convenience and mom-and-pop stores are increasingly adopting the concept of unmanned convenience stores. The unmanned convenience store concept uses artificial intelligence and smartphone concepts to eliminate the use of service personnel or cashiers in the store. The unmanned convenience stores maintain a virtual cart for every customer that enters the stores, where the products are added and removed based on the customer’s actions. The deduction of the amount takes place when the customer scans the product using a smartphone. Following the trend, in January 2022, Omantel launched E-Dukkan, middle east’s first unmanned convenience store. Other unmanned convenience stores include Amazon Go, Alibaba's Hema, and Bingobox. Asia-Pacific was the largest region in the convenience, mom, and pop stores market in 2022. Africa was the second-largest region in the convenience, mom, and pop stores market. The regions covered in the convenience, mom and pop stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the convenience, mom and pop stores market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The convenience, mom and pop stores market include revenues earned by entities by providing services through kiosks, limited format stores, traditional stores and hyper stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The convenience, mom and pop stores market research report is one of a series of new reports from The Business Research Company that provides convenience, mom and pop stores market statistics, including convenience, mom and pop stores industry global market size, regional shares, competitors with a convenience, mom and pop stores market share, detailed convenience, mom and pop stores market segments, market trends and opportunities, and any further data you may need to thrive in the convenience, mom and pop stores industry. This convenience, mom-and-pop stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Sporting goods, hobby, musical instrument, and book stores are stores that are engaged in retailing new toys, games, crafts, pottery items, different books, bicycles and bicycle parts, camping equipment, exercise and fitness equipment, athletic uniforms, specialty sports footwear, and other sporting goods, equipment, and accessories. The major types of sporting goods, hobbies, musical instruments, and book stores are sporting goods stores, hobby, toy, and game stores, music instrument and supply stores, and other stores. Stores that sell mostly sporting goods, athletic clothes, equipment, and other things with a sports theme are known as sporting goods stores. The forms of ownership are the retail chain and the independent retailer. The global sporting goods, hobby, musical instrument, and book stores market is segmented - 1) By Type: Sporting Goods Stores, Hobby, Toy, Game Stores, Musical Instrument And Supplies Stores, Other Sporting Goods, Hobby, Musical Instrument, Book Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store The global sporting goods, hobby, musical instrument, and book stores market size will grow from $468.13 billion in 2022 to $500.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of sporting goods, hobby, musical instrument, and book stores market is expected to grow to $628.41 billion in 2027 at a CAGR of 5.9%. The sporting goods, hobby, musical instrument, and book stores market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to International Monetary Fund, the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the sporting goods, hobby, musical instrument, and book stores market include Decathlon S.A, Dick's Sporting Goods Inc., Frasers Group Plc, BPS Direct L.L.C. (Bass Pro Shops), Guitar Center Inc., Canadian Tire Corporation Limited, Recreational Equipment Inc., Sportsman's Warehouse, Hibbett Sports Inc., and Thomann GmbH. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the sporting goods, hobby, musical instrument market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the sporting goods, hobby, musical instrument market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy Many sporting goods manufacturers are investing in achieving customization and personalization. With an increasing number of online users, changing demographics, and increased per-capita income, demand for unique and custom-made products have gained demand. Global sporting goods manufacturers such as Nike, Adidas, Puma, ASICS, Sketchers, Fila, etc., are investing more into this. Race Sporting Goods has launched customized sporting clothes to cater to the demands of customers. Western Europe was the largest region in the sporting goods, hobby, musical instrument, and book stores market in 2022. Asia-Pacific was the second-largest region in the sporting goods, hobby, musical instrument, and book stores market. The regions covered in the sporting goods, hobby, musical instrument, and book stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the sporting goods, hobby, musical instrument, and book stores market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The sporting goods, hobby, musical instrument, and book stores market includes revenues earned by entities by providing services through specialty stores, supermarkets, and hypermarkets. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sporting goods, hobby, musical instrument, and book store market research report is one of a series of new reports from The Business Research Company that provides sporting goods, hobby, musical instrument, and book store market statistics, including sporting goods, hobby, musical instrument, and book store industry global market size, regional shares, competitors with a sporting goods, hobby, musical instrument, and book store market share, detailed sporting goods, hobby, musical instrument, and book store market segments, market trends and opportunities, and any further data you may need to thrive in the sporting goods, hobby, musical instrument, and book store industry. This sporting goods, hobby, musical instrument, and book store market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.