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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A shopper leaves a Tesco store in Loughborough, central England.

Global retail is finally growing into its name and becoming "global". While the largest developing markets continue to attract most leading retailers, a handful of smaller untapped countries are getting a second look, says A.T. Kearney, a global management consulting firm.

Let's take a look at some of the biggest emerging markets for the retail sector.

Source: atkearney.com

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of Refice in northeast Brazil.

Brazil

Region: Latin America

Global rank: 1

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of Santiago City.

Chile

Region: Latin America

Global rank: 2

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of downtown Shanghai.

China

Region: Asia

Global rank: 3

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Residents enjoy the weather at Montevideo's waterfront.

Uruguay

Region: Latin America

Global rank: 4

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Shoppers leave a retail store inside a mall in Mumbai.

India

Region: Asia

Global rank: 5

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
People enjoy the view from a foot bridge in the historical part of Tbilisi.

Georgia

Region: Central Asia

Global rank: 6

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of Sheikh Zayed Road in Dubai.

United Arab Emirates

Region: Middle East and North Africa

Global rank: 7

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Hats are displayed on a wall in Mattrah Souq, the oldest market in Oman, in the capital Muscat.

Oman

Region: Middle East and North Africa

Global rank: 8

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Mongolians perform a traditional ritual in Arvaikheer, 400km west of Ulan Bator.

Mongolia

Region: Asia

Global rank: 9

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
San Francisco Monastery in Lima's downtown.

Peru

Region: Latin America

Global rank: 10

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of KLCC Park in central Kuala Lumpur.

Malaysia

Region: Asia

Global rank: 11

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Vehicles travel on the First Ring Road in Kuwait City.

Kuwait

Region: Middle East and North Africa

Global rank: 12

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of Istanbul's financial district.

Turkey

Region: Eastern Europe

Global rank: 13

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Kingdom Tower in the Saudi Arabian capital Riyadh.

Saudi Arabia

Region: Middle East and North Africa

Global rank: 14

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A tourist at Sri Lanka's Independence Square in Colombo.

Sri Lanka

Region: Asia

Global rank: 15

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A shopping mall in Jakarta.

Indonesia

Region: Asia

Global rank: 16

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of central Baku.

Azerbaijan

Region: Central Asia

Global rank: 17

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A tourist looks towards a mountain while sitting at the Amman Citadel.

Jordan

Region: Middle East and North Africa

Global rank: 18

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Traffic moves past Esentai Tower along Al Farabi Avenue in Almaty.

Kazakhstan

Region: Central Asia

Global rank: 19

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Foreign tourists in safari riverboats observe elephants along the Chobe river bank near Botswana's northern border.

Botswana

Region: Sub-Saharan Africa

Global rank: 20

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A woman walks near trees illuminated with Christmas lights in Skopje.

Macedonia

Region: Eastern Europe

Global rank: 21

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
People look down at a crypt museum at Saint George Orthodox Cathedral in Beirut.

Lebanon

Region: Middle East and North Africa

Global rank: 22

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A couple chat as they drink coffee at Juan Valdes cafe in Bogota.

Colombia

Region: Latin America

Global rank: 23

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of the centre of Panama City.

Panama

Region: Latin America

Global rank: 24

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
People walk after snowfall in the city of Bulqize, 140km miles north of capital Tirana.

Albania

Region: Eastern Europe

Global rank: 25

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of business district in Moscow.

Russia

Region: Eastern Europe

Global rank: 26

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A view of Marrakesh's Jemma El-Fnaa square.

Morocco

Region: Middle East and North Africa

Global rank: 27

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
Ice skaters on a skating rink in Mexico City's Zocalo Square.

Mexico

Region: Latin America

Global rank: 28

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World's biggest emerging markets for retail sector

Last updated on: January 17, 2013 10:18 IST
A dancer performs during the Kalesa Festival in Manila.

The Philippines

Region: Asia

Global rank: 29