Top Ecommerce industry in India 2022
D Axis Digiweb Solutions LLP
Pioneering Performance Marketing in India | Expertise in Google Ads, Facebook Ads, Lead Generation, SEO, SMM, and SEM.
According to Global Data, the Indian online retail market is predicted to surpass by 21.5 percent and reach $74.8 billion by 2022.
According to the researcher, the pandemic has intensified the trend towards online shopping, and the appearance of new varieties of the virus are likely to encourage people to shop online.
With increased internet penetration, the e-commerce players are expecting to raise their business in Tier 2 and Tier 3 cities and beyond its limitation, which will cumulatively rise in India E-commerce Business.
Let's see in this article the list of top e-commerce emerging industries in India in 2022.
With a market size of $759.5 billion by 2021, clothing, shoes, accessories, and other footwear are the most popular e-commerce industry worldwide.
Two factors are driving this growth: aspects and penetration rates, as defined by "the percentage of active paying clients" and e-commerce's part in retail fashion.
Estimates predict an overall rise in the penetration of e-commerce from 46.6 percent in 2017 to 60.32 percent in 2024.
While less dramatic, this is still a market share increase from 21.03 percent by 2020 and 23.66 percent in 2023. In a country like South Korea, 77% of people buy apparel online, and India has now started its journey online. So, it could be an enormous opportunity to establish your business as a Brand online.
With this large Apparel and Fashion Industry opportunity, India is still contributing 2% of the GDP.
The total beauty industry expenditure worldwide at the end of 2020 totalled $483 billion, and the total for 2019 is predicted to exceed $716 billion by 2025.
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2020 was the roller-coaster year in the world of beauty. Brands with Brick-and-Mortar locations were stricken by COVID-19 lockdowns that forced marketers to find innovative ways to market to customers. In the end, many retailers and direct-to-consumer (DTC) companies saw an increase in sales because of the epidemic because millions of customers had to purchase almost exclusively on the internet. So, if you are still doing a Brick-and-Mortar, it is an excellent chance to Go Online.
The consumer electronics market is a vast industry that offers a wide range of products.
In the beginning, the retailers with little to no experience will face difficulties handling customers. Unfortunately, the electronic sector is filled with fraudsters. This is why it's essential to create a brand. As you gain experience, buyers will recognize your brand and view it as a signal of confidence and security.
E-commerce is also growing in the field of healthcare technology. This is due to healthcare being the next major thing to be seen in online shopping because there are huge amounts of potential that are not being utilized. The increasing life expectancy and the rise in the need for top-quality medical products have increased the demand for medical supplies all around.
Moving from one shop to another in search of many different products is not just lengthy but can also be challenging. Shopping for medical supplies online is superior to purchasing them in a physical store.
India is all set to increase its present market for online gifts worth $65m to $84billion in 2024 following the most recent research of 'Qwikcliver'. The long-term growth outlook in India's digital gifting sector remains strong. The market is seeing the emergence of more innovative players, positive changes, the marketplace's development and a paradigm shift where online gifting will be the main focus.
So, if you are still using the Brick-and-Mortar method for your business, then it's the best time to make an online presence for your business.