리테일 미디어 네트워크 시장 : 채널, 광고 포맷, 리테일 업계별, 가격 모델, 광고주 유형별 - 시장 규모, 업계 동향, 기회 분석 및 예측(2026-2035년)

The global retail media network market is experiencing strong expansion as retailers increasingly transform their digital commerce platforms, customer data, and physical retail ecosystems into advertising businesses. The market was estimated at approximately USD 184 billion in 2025 and is projected to reach around USD 520 billion by 2035, representing a compound annual growth rate (CAGR) of approximately 10.9% between 2026 and 2035. This projected increase reflects the growing importance of retail media as brands seek advertising environments that can connect consumer engagement with measurable shopping and transaction activity.

The growth trajectory reflects a broader transformation in the relationship between retailers, consumers, and advertisers. Retailers are no longer relying solely on product sales and traditional merchandising to generate revenue. Their digital platforms generate valuable first-party information through online searches, product views, purchases, loyalty programs, and customer interactions. Retail media networks allow retailers to monetize this information by providing brands with targeted advertising opportunities within environments where consumers are already researching and purchasing products.

Noteworthy Market Developments

Amazon, Walmart, Target, Kroger, and Instacart have established themselves as some of the most prominent players in the retail media network market, each leveraging a different combination of e-commerce scale, physical retail presence, first-party consumer data, loyalty ecosystems, and digital advertising capabilities. While their business models differ, all five have built retail media offerings around a common advantage: direct access to consumers and valuable purchase-related data.

These companies illustrate the different strategic models emerging within retail media. Amazon's strength is rooted in the scale and integration of its e-commerce marketplace and advertising ecosystem, while Walmart combines digital commerce with an extensive physical retail footprint. Target uses its loyalty ecosystem and general-merchandise customer base to support audience-driven advertising, whereas Kroger's strength is closely connected to the depth and frequency of grocery transaction data. Instacart, meanwhile, operates as a multi-retailer digital grocery platform, giving advertisers access to consumers across multiple participating retailers.

Their competitive positions also highlight why first-party data has become such an important asset in retail media. Unlike conventional media companies, retailers and commerce platforms can potentially connect advertising exposure with shopping behavior and transaction outcomes.

Core Growth Drivers

The rise of agentic commerce is emerging as an important growth driver for the retail media market, as artificial intelligence increasingly becomes part of the way consumers discover, evaluate, compare, and purchase products. Rather than relying exclusively on conventional search engines or browsing retailer websites, shoppers can now use AI assistants and large language models (LLMs) to describe what they need, compare products, assess features, identify deals, and receive personalized recommendations. In 2026, this shift is moving beyond experimentation toward a new form of digital shopping in which AI increasingly acts as an intermediary between consumer intent and product discovery. Google, for example, describes agentic commerce as a model in which AI can support the shopping journey from discovery and decision-making through transaction, while its Universal Commerce Protocol is designed to help businesses connect with AI agents across that journey.

Emerging Opportunity Trends

The evolution of Return on Ad Spend (ROAS) and brand-lift measurement is emerging as an important opportunity for the continued growth of the retail media market. Historically, advertisers have evaluated retail media primarily through performance-oriented metrics such as clicks, conversions, sales, and ROAS. These measures remain important because they help brands understand the direct commercial outcomes associated with advertising expenditure. However, as retail media networks mature, advertisers are increasingly looking beyond immediate sales attribution and examining how these platforms can influence consumer awareness, consideration, brand perception, and purchase intent earlier in the buying journey.

Barriers to Optimization

Network fragmentation and the lack of standardized measurement frameworks could pose significant challenges to the continued growth of the retail media market. As retailers across grocery, general merchandise, marketplaces, specialty retail, and e-commerce develop their own media networks, advertisers increasingly have to work across a wide range of platforms, each with different advertising formats, audience definitions, data structures, reporting systems, and performance metrics. While this expansion creates more opportunities for brands to reach consumers at the point of purchase, it can also make retail media campaigns more difficult to manage, compare, and scale efficiently.

Detailed Market Segmentation

By Ad Format, Display and banner advertising continues to play an important role in the retail media landscape in 2026, particularly because of its ability to secure prominent digital real estate across retailer websites and applications. These formats allow brands to place visually engaging advertisements in high-visibility areas such as homepages, category pages, search environments, and product-detail pages. By appearing within the retailer's own digital ecosystem, display advertising enables brands to engage consumers while they are already in a shopping-oriented environment.

By Retailer Vertical, the grocery sector plays a particularly important role in shaping the development of the retail media network market, largely because of the frequency and consistency of consumer purchasing behavior. Unlike many other retail categories where customers may make purchases only occasionally, grocery shopping is often a recurring activity that takes place weekly or even several times a month. The high volume of transactions generated through grocery stores and digital grocery platforms gives retailers access to a continuous stream of first-party customer data, creating a strong foundation for retail media monetization.

By Pricing Model, the Cost-per-Click (CPC) pricing model remains a central component of the commercial structure of retail media networks, particularly for advertisers focused on measurable performance and conversion outcomes. Under a CPC model, advertisers are charged when a consumer actively clicks on an advertisement rather than simply when the advertisement is displayed. This creates a direct connection between advertising expenditure and measurable user engagement, making CPC particularly attractive to brands that want greater control over how their digital advertising budgets are allocated.

By Advertiser Type, Endemic brands, which sell their products directly through the retailers hosting retail media networks, account for the dominant share of the market. Their strong position is largely driven by the natural alignment between their products, the retailer's digital storefront, and the consumer's purchasing journey. Because these brands already have a direct presence on the retailer's platform, they can use retail media to strengthen product visibility while simultaneously benefiting from the retailer's first-party consumer data, search behavior, purchase history, and loyalty insights. This creates a close connection between advertising, product discovery, and conversion that is difficult for many external advertisers to replicate.

Segment Breakdown

By Channel

• Onsite (Retailer Site & App)
• Offsite (Open Web, CTV, Social)
• In-Store Retail Media

By Ad Format

• Sponsored Products
• Display & Banner
• Video & CTV
• In-Store Digital Screens
• Audio

By Retailer Vertical

• Grocery
• General Merchandise & Marketplace
• Pharmacy & Health
• Consumer Electronics
• Fashion & Apparel
• Travel & Delivery

By Pricing Model

• Cost-per-Click
• Cost-per-Mille
• Cost-per-Acquisition

By Advertiser Type

• Endemic Brands
• Non-Endemic Brands
• Agencies

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA
• South America
• Argentina
• Brazil
• Rest of South America
• Geography Analysis
• North America currently represents the dominant share of the global market, supported by its highly developed e-commerce infrastructure, sophisticated digital advertising ecosystem, and widespread adoption of first-party data strategies. Retailers across the region have increasingly moved beyond their traditional role as product sellers, transforming their extensive customer and transaction data into valuable advertising assets.
• The United States remains the primary contributor to the region's market, accounting for more than 85% of total regional revenue. Its dominance reflects the scale of the country's e-commerce market, the presence of large national retailers, and the substantial advertising budgets available to brands seeking access to high-intent consumers. Major retailers have evolved into sophisticated advertising platforms, using their proprietary customer data to provide brands with increasingly precise audience targeting and performance measurement.
• Canada represents an important complementary growth market within North America. The country's retail sector is increasingly adopting localized retail media networks, with domestic grocery chains and other retailers using their established customer relationships and digital loyalty ecosystems to develop new advertising opportunities. The reported 25% year-over-year increase in localized network deployments highlights the growing momentum behind this trend.

Leading Market Participants

• Amazon Ads
• Walmart Connect
• Alibaba
• JD.com
• Target Roundel
• Kroger Precision Marketing
• Instacart
• Criteo
• The Trade Desk
• Albertsons Media Collective
• Best Buy Ads
• Costco
• Carrefour Links
• Tesco Media
• Uber Advertising
• Other Prominent Players

Table of Content

Chapter 1. Executive Summary

• 1.1. Global Retail Media Network Market

Chapter 2. Research Methodology & Research Framework

• 2.1. Research Objective
• 2.2. Product Overview
• 2.3. Market Segmentation
• 2.4. Qualitative Research
  • 2.4.1. Primary Sources
  • 2.4.2. Secondary Sources
• 2.5. Quantitative Research
  • 2.5.1. Primary Sources
  • 2.5.2. Secondary Sources
• 2.6. Breakdown of Primary Research Respondents, By Region
• 2.7. Assumption for Study
• 2.8. Market Size Estimation
• 2.9. Data Triangulation

Chapter 3. Global Retail Media Network Market Overview

• 3.1. Industry Value Chain Analysis
  • 3.1.1. First-Party Shopper-Data & Ad-Tech (DSP/SSP) Infrastructure Providers
  • 3.1.2. Retail Media Network Operators (Onsite, Offsite, In-Store)
  • 3.1.3. Ad-Serving, Closed-Loop-Attribution & Measurement Providers
  • 3.1.4. Agency, Self-Serve-Platform & CTV/Programmatic Partners
  • 3.1.5. Advertisers / End Users (Endemic Brands, Non-Endemic Brands, Agencies)
• 3.2. Industry Outlook
  • 3.2.1. Overview of the Global Retail Media Network (RMN) Industry
  • 3.2.2. First-Party-Data Premium (Cookie Deprecation) & 60%+ Margin Driving the Retailer-to-Media Pivot
  • 3.2.3. Onsite Saturation Spilling to Offsite/CTV & In-Store Digital Screens, Agentic-Commerce (LLM Shopping), Non-Endemic Advertiser Surge, Network Fragmentation/Measurement Standardization & Closed-Loop SKU Attribution
• 3.3. PESTLE Analysis
• 3.4. Porter's Five Forces Analysis
  • 3.4.1. Bargaining Power of Suppliers
  • 3.4.2. Bargaining Power of Buyers
  • 3.4.3. Threat of New Entrants
  • 3.4.4. Threat of Substitutes
  • 3.4.5. Intensity of Rivalry
• 3.5. Market Growth and Outlook
  • 3.5.1. Market Revenue Estimates and Forecast (US$ Mn), 2020-2035
  • 3.5.2. Price Trend Analysis, By Channel

Chapter 4. Global Retail Media Network Market Analysis

• 4.1. Competition Dashboard
  • 4.1.1. Market Concentration Rate
  • 4.1.2. Company Market Share Analysis (Value %), 2025
  • 4.1.3. Competitor Mapping & Benchmarking

Chapter 5. Global Retail Media Network Market Analysis

• 5.1. Market Dynamics and Trends
  • 5.1.1. Growth Drivers
  • 5.1.2. Restraints
  • 5.1.3. Opportunity
  • 5.1.4. Key Trends
• 5.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 5.2.1. By Channel
    • 5.2.1.1. Key Insights
      • 5.2.1.1.1. Onsite (Retailer Site & App)
      • 5.2.1.1.2. Offsite (Open Web, CTV, Social)
      • 5.2.1.1.3. In-Store Retail Media
  • 5.2.2. By Ad Format
    • 5.2.2.1. Key Insights
      • 5.2.2.1.1. Sponsored Products
      • 5.2.2.1.2. Display & Banner
      • 5.2.2.1.3. Video & CTV
      • 5.2.2.1.4. In-Store Digital Screens
      • 5.2.2.1.5. Audio
  • 5.2.3. By Retailer Vertical
    • 5.2.3.1. Key Insights
      • 5.2.3.1.1. Grocery
      • 5.2.3.1.2. General Merchandise & Marketplace
      • 5.2.3.1.3. Pharmacy & Health
      • 5.2.3.1.4. Consumer Electronics
      • 5.2.3.1.5. Fashion & Apparel
      • 5.2.3.1.6. Travel & Delivery
  • 5.2.4. By Pricing Model
    • 5.2.4.1. Key Insights
      • 5.2.4.1.1. Cost-per-Click
      • 5.2.4.1.2. Cost-per-Mille
      • 5.2.4.1.3. Cost-per-Acquisition
  • 5.2.5. By Advertiser Type
    • 5.2.5.1. Key Insights
      • 5.2.5.1.1. Endemic Brands
      • 5.2.5.1.2. Non-Endemic Brands
      • 5.2.5.1.3. Agencies
  • 5.2.6. By Region
    • 5.2.6.1. Key Insights
      • 5.2.6.1.1. North America
        • 5.2.6.1.1.1. The U.S.
        • 5.2.6.1.1.2. Canada
        • 5.2.6.1.1.3. Mexico
      • 5.2.6.1.2. Europe
        • 5.2.6.1.2.1. Western Europe
          • 5.2.6.1.2.1.1. The UK
          • 5.2.6.1.2.1.2. Germany
          • 5.2.6.1.2.1.3. France
          • 5.2.6.1.2.1.4. Italy
          • 5.2.6.1.2.1.5. Spain
          • 5.2.6.1.2.1.6. Rest of Western Europe
        • 5.2.6.1.2.2. Eastern Europe
          • 5.2.6.1.2.2.1. Poland
          • 5.2.6.1.2.2.2. Russia
          • 5.2.6.1.2.2.3. Rest of Eastern Europe
      • 5.2.6.1.3. Asia Pacific
        • 5.2.6.1.3.1. China
        • 5.2.6.1.3.2. India
        • 5.2.6.1.3.3. Japan
        • 5.2.6.1.3.4. Australia & New Zealand
        • 5.2.6.1.3.5. South Korea
        • 5.2.6.1.3.6. ASEAN
        • 5.2.6.1.3.7. Rest of Asia Pacific
      • 5.2.6.1.4. Middle East & Africa (MEA)
        • 5.2.6.1.4.1. Saudi Arabia
        • 5.2.6.1.4.2. South Africa
        • 5.2.6.1.4.3. UAE
        • 5.2.6.1.4.4. Rest of MEA
      • 5.2.6.1.5. South America
        • 5.2.6.1.5.1. Argentina
        • 5.2.6.1.5.2. Brazil
        • 5.2.6.1.5.3. Rest of South America

Chapter 6. North America Market Analysis

• 6.1. Market Dynamics and Trends
  • 6.1.1. Growth Drivers
  • 6.1.2. Restraints
  • 6.1.3. Opportunity
  • 6.1.4. Key Trends
• 6.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 6.2.1. Key Insights
    • 6.2.1.1. By Channel
    • 6.2.1.2. By Ad Format
    • 6.2.1.3. By Retailer Vertical
    • 6.2.1.4. By Pricing Model
    • 6.2.1.5. By Advertiser Type
    • 6.2.1.6. By Country

Chapter 7. Europe Market Analysis

• 7.1. Market Dynamics and Trends
  • 7.1.1. Growth Drivers
  • 7.1.2. Restraints
  • 7.1.3. Opportunity
  • 7.1.4. Key Trends
• 7.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 7.2.1. Key Insights
    • 7.2.1.1. By Channel
    • 7.2.1.2. By Ad Format
    • 7.2.1.3. By Retailer Vertical
    • 7.2.1.4. By Pricing Model
    • 7.2.1.5. By Advertiser Type
    • 7.2.1.6. By Country

Chapter 8. Asia Pacific Market Analysis

• 8.1. Market Dynamics and Trends
  • 8.1.1. Growth Drivers
  • 8.1.2. Restraints
  • 8.1.3. Opportunity
  • 8.1.4. Key Trends
• 8.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 8.2.1. Key Insights
    • 8.2.1.1. By Channel
    • 8.2.1.2. By Ad Format
    • 8.2.1.3. By Retailer Vertical
    • 8.2.1.4. By Pricing Model
    • 8.2.1.5. By Advertiser Type
    • 8.2.1.6. By Country

Chapter 9. Middle East & Africa (MEA) Market Analysis

• 9.1. Market Dynamics and Trends
  • 9.1.1. Growth Drivers
  • 9.1.2. Restraints
  • 9.1.3. Opportunity
  • 9.1.4. Key Trends
• 9.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 9.2.1. Key Insights
    • 9.2.1.1. By Channel
    • 9.2.1.2. By Ad Format
    • 9.2.1.3. By Retailer Vertical
    • 9.2.1.4. By Pricing Model
    • 9.2.1.5. By Advertiser Type
    • 9.2.1.6. By Country

Chapter 10. South America Market Analysis

• 10.1. Market Dynamics and Trends
  • 10.1.1. Growth Drivers
  • 10.1.2. Restraints
  • 10.1.3. Opportunity
  • 10.1.4. Key Trends
• 10.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 10.2.1. Key Insights
    • 10.2.1.1. By Channel
    • 10.2.1.2. By Ad Format
    • 10.2.1.3. By Retailer Vertical
    • 10.2.1.4. By Pricing Model
    • 10.2.1.5. By Advertiser Type
    • 10.2.1.6. By Country

Chapter 11. Company Profile

Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)

• 11.1. Amazon Ads
• 11.2. Walmart Connect
• 11.3. Alibaba
• 11.4. JD.com
• 11.5. Target Roundel
• 11.6. Kroger Precision Marketing
• 11.7. Instacart
• 11.8. Criteo
• 11.9. The Trade Desk
• 11.10. Albertsons Media Collective
• 11.11. Best Buy Ads
• 11.12. Costco
• 11.13. Carrefour Links
• 11.14. Tesco Media
• 11.15. Uber Advertising
• 11.16. Other Prominent Players

Chapter 12. Annexure

• 12.1. List of Secondary Sources
• 12.2. Key Country Markets- Macro Economic Outlook/Indicators