Latin America Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Latin America Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3307
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Market Overview:

The Latin America online grocery market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.

Online grocery refers to the selling and purchasing of fresh and packaged products via mobile apps or e-commerce websites. It enables the customer to choose from flexible payment options, select delivery slots, track the delivery process, and access various products. As a result, purchasing groceries online is gaining traction, especially among the working population of Latin America.

 

 
 

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At present, the leading players in Latin America are focusing on increasing investments to expand their consumer base and boost their product sales. For instance, the Latin America Venture Capital Association (LAVCA) invested US$ 4.6 billion, announcing 2019 as the venture capital fundraising year. Apart from this, the boosting sales of smartphones, risin internet penetration and the increasing influence of social media platforms are other major factors propelling the market growth. Furthermore, the sudden outbreak of the coronavirus disease (COVID-19) has resulted in the increasing sales of groceries through online distribution channels. This can be accredited to the imposition of lockdowns by governing authorities to promote social distancing measures and consequent disruptions in the supply chain. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America online grocery market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type, business model, platform and purchase type.

Breakup by Product Type:

 

 
 

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  • Vegetables and Fruits
  • Dairy Products
  • Staples and Cooking Essentials
  • Snacks
  • Meat and Seafood
  • Others
     

Breakup by Business Model:

  • Pure Marketplace
  • Hybrid Marketplace
  • Others
     

Breakup by Platform:

  • Web-Based
  • App-Based
     

Breakup by Purchase Type:

  • One-Time
  • Subscription
     

Breakup by Country:

  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Business Model, Platform, Purchase Type, Country
Countries Covered Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Latin America Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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