The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The non-durable goods wholesalers market has experienced substantial growth, surging from $22,804.63 billion in 2023 to a projected $24,165.49 billion in 2024. This impressive expansion reflects a Compound Annual Growth Rate (CAGR) of 6.0%, with the historic period’s growth attributed to economic conditions, consumer spending, retail sector demand, and seasonal variations.

Future Horizons: Anticipating Strong Expansion

The market is poised for continued growth, with forecasts indicating an increase to $29,703.98 billion by 2028, boasting a CAGR of 5.3%. The anticipated surge in the forecast period is attributed to key drivers such as e-commerce and online sales, sustainability and eco-friendliness, health and wellness products, and flexible and efficient distribution.

Population Growth: A Key Driver for Wholesaler Opportunities

Population Dynamics:

• The increasing population emerges as a significant driver propelling the growth of non-durable goods wholesalers.
• Wholesalers keenly consider population growth and demographics when assessing market potential and planning operations.

UK Population Outlook:

• In February 2023, the UK’s Office for National Statistics projected a population of 72.4 million by mid-2045.
• A growing and diverse population creates opportunities for wholesalers to expand their customer base and increase sales.

Market Players:

• Key companies shaping the market include AmerisourceBergen Corp, Walmart Inc., Sinopharm Group Co Ltd., Walgreens Boots Alliance Inc., and others.

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Technological Leap: AI-Powered Inventory Management Solutions

Innovation in Inventory Management:

• Major companies in the non-durable goods wholesalers market are embracing innovative technologies, including AI-powered inventory management solutions.
• These solutions leverage machine learning and artificial intelligence to automate inventory forecasting and enhance management procedures.

Afresh Technologies’ Launch:

• In September 2023, Afresh Technologies, a US-based tech company, introduced a new AI-powered inventory management solution.
• AI-driven solutions analyze sales data and other relevant information to provide precise demand projections, aiding wholesalers in optimizing inventory levels.

Market Dynamics: Segmentation and Regional Leadership

Segmentation Overview:

• The market is segmented by type (Paper And Paper Product Wholesalers, Drugs And Druggists Sundries Wholesalers, Apparel, Grocery And Related Product Wholesalers, and more), ownership (Wholesale/Distribution Chain, Independent Wholesalers), and price range (Premium, Mid-Range, Economy).

Asia-Pacific Leadership:

• In 2023, Asia-Pacific emerged as the largest region in the non-durable goods wholesalers market, showcasing its prominence in the global landscape.
• The region’s economic vibrancy and diverse consumer base contribute significantly to its leadership position.

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The Non Durable Goods Wholesalers Global Market Report 2023  provides an overview of the non durable goods wholesalers market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The non durable goods wholesalers market forecast analyzes non durable goods wholesalers market size, non durable goods wholesalers market share, leading competitor and their market positions.

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