The report below gives a good overview of the Summer 2021 M&A activity in the Consumer/Retail Industry Sector. According to ResearchAndMarkets.com, the global retail market is projected to grow at a CAGR of 10.5%, from $20.3 trillion in 2020 to $22.4 trillion in 2021. The retail market is expected to reach $29.4 trillion in 2025, a CAGR of 7%. As per Euromonitor International, the global retail industry contracted by 2% in 2020. The specialty retailers and department stores were severely affected by the pandemic, however, the e-commerce industry witnessed a massive surge in 2020 and is expected to grow at a CAGR of 9% between 2020 and 2025, as per research published by Euromonitor International. The rise in e-commerce is due not only to the growing popularity of online shopping, but also the r ising smartphone penetration across the globe facilitating e-commerce transactions.
