Global Retail Sourcing and Procurement Market Size study & Forecast, by Procurement Type, by Sourcing Method, by Industry Vertical, by Supplier Relationship and Regional Forecasts 2025-2035

Description

The Global Retail Sourcing and Procurement Market was valued at approximately USD 2.99 billion in 2024 and is projected to expand at a CAGR of more than 3.94% during the forecast period 2025-2035. Retail sourcing and procurement encompasses the processes by which businesses strategically acquire goods, services, and partnerships to streamline operations, manage costs, and strengthen supply chains. Beyond securing raw materials or finished products, procurement has become a value-driven function, emphasizing sustainability, supplier collaboration, and digital integration. The market's growth trajectory is underpinned by the escalating complexity of global supply chains, rising consumer demand for product variety, and the increasing emphasis on sustainable sourcing practices. Retailers are rapidly transitioning toward digital procurement platforms and automated sourcing tools to unlock efficiency, enhance supplier visibility, and reduce operational risks.

The sharp increase in globalization, combined with the accelerated adoption of e-commerce, has compelled retailers to rethink procurement strategies. Companies are now leveraging advanced analytics, AI-powered platforms, and digital supplier networks to extract greater value from procurement decisions while maintaining agility. According to UNCTAD, global e-commerce sales surpassed USD 5.8 trillion in 2022 and are expected to grow consistently, which directly drives demand for streamlined procurement ecosystems. Moreover, organizations are prioritizing resilient supplier relationships and sustainable sourcing methods to mitigate risks associated with geopolitical uncertainty, regulatory changes, and fluctuating consumer preferences. However, market expansion faces headwinds from compliance complexities, cyber risks in digital procurement, and the volatility of raw material pricing across global supply chains.

The detailed segments and sub-segments included in the report are:

By Procurement Type:

Direct Procurement
Indirect Procurement
Services Procurement

By Sourcing Method:

Global Sourcing
Local Sourcing
E-sourcing
Sustainable Sourcing

By Industry Vertical:

Apparel and Footwear
Grocery and Food Retail
Electronics
Furniture and Home Decor

By Supplier Relationship:

Strategic Partnerships
Transactional Relationships
Collaborative Relationships

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Direct Procurement is Expected to Dominate the Market
Direct procurement, which involves sourcing raw materials and goods directly tied to production and inventory replenishment, is anticipated to hold the largest share of the market. Retailers are increasingly adopting direct procurement strategies to gain better control over quality, ensure consistent supply, and maintain tighter cost efficiency. This segment's dominance is bolstered by the rising demand for transparency in sourcing and the increasing consumer preference for traceable supply chains. On the other hand, services procurement is gaining gradual momentum as retail organizations increasingly outsource functions like IT, logistics, and customer service. While direct procurement anchors the market in terms of share, services procurement is carving a growing niche due to the outsourcing trend.
Global Sourcing Currently Leads in Revenue Contribution
When considering sourcing methods, global sourcing continues to generate the majority of revenue. The reliance on global supply networks allows retailers to capitalize on cost advantages, access specialized expertise, and diversify their supplier base. Global sourcing is particularly critical in industries such as apparel, electronics, and grocery retail, where scale and diversity are vital. Yet, the landscape is evolving as sustainable sourcing gains traction, reflecting mounting regulatory pressure and growing consumer insistence on eco-conscious retail practices. E-sourcing, meanwhile, is emerging as a dynamic growth driver, enabling real-time supplier negotiations, compliance monitoring, and automated workflows. This indicates that while global sourcing holds the lion's share today, sustainable and e-sourcing methods are expected to expand rapidly in the coming years.
The key regions considered for the Global Retail Sourcing and Procurement Market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America currently dominates the market, attributed to its mature retail ecosystem, widespread adoption of advanced procurement technologies, and robust e-commerce penetration. Europe is also a strong contender, driven by stringent regulations around sustainability, corporate governance, and supplier accountability. However, Asia Pacific is poised to witness the fastest growth during the forecast period, primarily due to its booming retail sector, rapid industrialization, and digital transformation in procurement across countries like China and India. The rise of local sourcing initiatives, combined with government incentives for retail infrastructure development, is further accelerating the region's growth trajectory.

Major market players included in this report are:

SAP SE
Oracle Corporation
IBM Corporation
Coupa Software Incorporated
JAGGAER
Zycus Inc.
GEP Worldwide
Basware Corporation
Infor Inc.
Epicor Software Corporation
Proactis Holdings Plc.
Ivalua Inc.
SciQuest (now part of Jaggaer)
Corcentric Inc.
Determine (a Corcentric company)

Global Retail Sourcing and Procurement Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Retail Sourcing and Procurement Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Retail Sourcing and Procurement Forces Analysis

3.1. Market Forces Shaping The Global Retail Sourcing and Procurement (2024-2035)
3.2. Drivers
- 3.2.1. Escalating complexity of global supply chains
- 3.2.2. Rising consumer demand for product variety
3.3. Restraints
- 3.3.1. Compliance complexities
3.4. Opportunities
- 3.4.1. Increasing emphasis on sustainable sourcing practices

Chapter 4. Global Spacer Fluid Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Retail Sourcing and Procurement Size & Forecasts by Procurement Type 2025-2035

5.1. Market Overview
5.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
5.3. Direct Procurement
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Indirect Procurement
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Services Procurement
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Retail Sourcing and Procurement Size & Forecasts by Sourcing Method 2025-2035

6.1. Market Overview
6.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
6.3. Global Sourcing
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Local Sourcing
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. E-sourcing
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Sustainable Sourcing
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Retail Sourcing and Procurement Size & Forecasts by Industry Vertical 2025-2035

7.1. Market Overview
7.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
7.3. Apparel and Footwear
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Grocery and Food Retail
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Electronics
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035
7.6. Furniture and Home Decor
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Retail Sourcing and Procurement Size & Forecasts by Supplier relationship 2025-2035

8.1. Market Overview
8.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
8.3. Strategic Partnerships
- 8.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.3.2. Market size analysis, by region, 2025-2035
8.4. Transactional Relationships
- 8.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.4.2. Market size analysis, by region, 2025-2035
8.5. Collaborative Relationships
- 8.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.5.2. Market size analysis, by region, 2025-2035

Chapter 9. Global Retail Sourcing and Procurement Size & Forecasts by Region 2025-2035

9.1. Growth Retail Sourcing and Procurement, Regional Market Snapshot
9.2. Top Leading & Emerging Countries
9.3. North America Retail Sourcing and Procurement
- 9.3.1. U.S. Retail Sourcing and Procurement
  - 9.3.1.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.3.1.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.3.1.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.3.1.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.3.2. Canada Retail Sourcing and Procurement
  - 9.3.2.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.3.2.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.3.2.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.3.2.4. Supplier Relationship breakdown size & forecasts, 2025-2035
9.4. Europe Retail Sourcing and Procurement
- 9.4.1. UK Retail Sourcing and Procurement
  - 9.4.1.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.4.1.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.4.1.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.4.1.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.4.2. Germany Retail Sourcing and Procurement
  - 9.4.2.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.4.2.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.4.2.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.4.2.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.4.3. France Retail Sourcing and Procurement
  - 9.4.3.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.4.3.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.4.3.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.4.3.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.4.4. Spain Retail Sourcing and Procurement
  - 9.4.4.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.4.4.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.4.4.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.4.4.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.4.5. Italy Retail Sourcing and Procurement
  - 9.4.5.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.4.5.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.4.5.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.4.5.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.4.6. Rest of Europe Retail Sourcing and Procurement
  - 9.4.6.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.4.6.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.4.6.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.4.6.4. Supplier Relationship breakdown size & forecasts, 2025-2035
9.5. Asia Pacific Retail Sourcing and Procurement
- 9.5.1. China Retail Sourcing and Procurement
  - 9.5.1.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.5.1.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.5.1.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.5.1.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.5.2. India Retail Sourcing and Procurement
  - 9.5.2.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.5.2.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.5.2.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.5.2.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.5.3. Japan Retail Sourcing and Procurement
  - 9.5.3.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.5.3.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.5.3.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.5.3.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.5.4. Australia Retail Sourcing and Procurement
  - 9.5.4.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.5.4.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.5.4.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.5.4.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.5.5. South Korea Retail Sourcing and Procurement
  - 9.5.5.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.5.5.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.5.5.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.5.5.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.5.6. Rest of APAC Retail Sourcing and Procurement
  - 9.5.6.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.5.6.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.5.6.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.5.6.4. Supplier Relationship breakdown size & forecasts, 2025-2035
9.6. Latin America Retail Sourcing and Procurement
- 9.6.1. Brazil Retail Sourcing and Procurement
  - 9.6.1.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.6.1.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.6.1.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.6.1.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.6.2. Mexico Retail Sourcing and Procurement
  - 9.6.2.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.6.2.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.6.2.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.6.2.4. Supplier Relationship breakdown size & forecasts, 2025-2035
9.7. Middle East and Africa Retail Sourcing and Procurement
- 9.7.1. UAE Retail Sourcing and Procurement
  - 9.7.1.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.7.1.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.7.1.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.7.1.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.7.2. Saudi Arabia (KSA) Retail Sourcing and Procurement
  - 9.7.2.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.7.2.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.7.2.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.7.2.4. Supplier Relationship breakdown size & forecasts, 2025-2035
- 9.7.3. South Africa Retail Sourcing and Procurement
  - 9.7.3.1. Procurement Type breakdown size & forecasts, 2025-2035
  - 9.7.3.2. Sourcing Method breakdown size & forecasts, 2025-2035
  - 9.7.3.3. Industry Vertical breakdown size & forecasts, 2025-2035
  - 9.7.3.4. Supplier Relationship breakdown size & forecasts, 2025-2035

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. SAP SE
- 10.2.1. Company Overview
- 10.2.2. Key Executives
- 10.2.3. Company Snapshot
- 10.2.4. Financial Performance (Subject to Data Availability)
- 10.2.5. Product/Services Port
- 10.2.6. Recent Development
- 10.2.7. Market Strategies
- 10.2.8. SWOT Analysis
10.3. Oracle Corporation
10.4. IBM Corporation
10.5. Coupa Software Incorporated
10.6. JAGGAER
10.7. Zycus Inc.
10.8. GEP Worldwide
10.9. Basware Corporation
10.10. Infor Inc.
10.11. Epicor Software Corporation
10.12. Proactis Holdings Plc.
10.13. Ivalua Inc.
10.14. SciQuest (now part of Jaggaer)
10.15. Corcentric Inc.
10.16. Determine (a Corcentric company)