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Latin America Online Grocery Market to Grow at 13.6% During 2022-2027, Impelled by Rising Preference for Enhanced Convenience

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Latin America Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Latin America online grocery market is expected to exhibit a CAGR of 13.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

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, rising 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, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type, business model, platform and purchase type.

Breakup by Product Type:

  • 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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
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)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Latin America Online Grocery Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6.1    Vegetables and Fruits    
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Dairy Products
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Staples and Cooking Essentials
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Snacks
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Meat and Seafood
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others 
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Business Model
    7.1    Pure Marketplace
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Hybrid Marketplace
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Platform
    8.1    Web-Based
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    App-Based
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Purchase Type
    9.1    One-Time
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Subscription
        9.2.1 Market Trends
        9.2.2 Market Forecast 
10  Market Breakup by Country
    10.1    Brazil
        10.1.1 Market Trends
        10.1.2 Market Breakup by Product Type
        10.1.3 Market Breakup by Business Model 
        10.1.4 Market Breakup by Platform
        10.1.5 Market Breakup by Purchase Type
        10.1.6 Market Forecast
    10.2    Mexico
        10.2.1 Market Trends
        10.2.2 Market Breakup by Product Type
        10.2.3 Market Breakup by Business Model
        10.2.4 Market Breakup by Platform
        10.2.5 Market Breakup by Purchase Type
        10.2.6 Market Forecast
    10.3    Argentina
        10.3.1 Market Trends
        10.3.2 Market Breakup by Product Type
        10.3.3 Market Breakup by Business Model
        10.3.4 Market Breakup by Platform
        10.3.5 Market Breakup by Purchase Type
        10.3.6 Market Forecast
    10.4    Colombia
        10.4.1 Market Trends
        10.4.2 Market Breakup by Product Type
        10.4.3 Market Breakup by Business Model
        10.4.4 Market Breakup by Platform
        10.4.5 Market Breakup by Purchase Type
        10.4.6 Market Forecast
    10.5    Chile
        10.5.1 Market Trends
        10.5.2 Market Breakup by Product Type
        10.5.3 Market Breakup by Business Model
        10.5.4 Market Breakup by Platform
        10.5.5 Market Breakup by Purchase Type
        10.5.6 Market Forecast
    10.6    Peru
        10.6.1 Market Trends
        10.6.2 Market Breakup by Product Type
        10.6.3 Market Breakup by Business Model
        10.6.4 Market Breakup by Platform
        10.6.5 Market Breakup by Purchase Type
        10.6.6 Market Forecast
    10.7    Others
        10.7.1 Market Trends
        10.7.2 Market Breakup by Product Type
        10.7.3 Market Breakup by Business Model
        10.7.4 Market Breakup by Platform
        10.7.5 Market Breakup by Purchase Type
        10.7.6 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Policy and Regulatory Landscape
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: Latin America: Online Grocery Market: Major Drivers and Challenges
Figure 2: Latin America: Online Grocery Market: Sales Value (in Million US$), 2016-2021
Figure 3: Latin America: Online Grocery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Latin America: Online Grocery Market: Breakup by Product Type (in %), 2021
Figure 5: Latin America: Online Grocery Market: Breakup by Business Model (in %), 2021
Figure 6: Latin America: Online Grocery Market: Breakup by Platform (in %), 2021
Figure 7: Latin America: Online Grocery Market: Breakup by Purchase Type (in %), 2021
Figure 8: Latin America: Online Grocery Market: Breakup by Country (in %), 2021
Figure 9: Latin America: Online Grocery (Vegetables and Fruits) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Latin America: Online Grocery (Vegetables and Fruits) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Latin America: Online Grocery (Dairy Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Latin America: Online Grocery (Dairy Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Latin America: Online Grocery (Staples and Cooking Essentials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Latin America: Online Grocery (Staples and Cooking Essentials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Latin America: Online Grocery (Snacks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Latin America: Online Grocery (Snacks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Latin America: Online Grocery (Meat and Seafood) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Latin America: Online Grocery (Meat and Seafood) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Latin America: Online Grocery (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Latin America: Online Grocery (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Latin America: Online Grocery (Pure Marketplace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Latin America: Online Grocery (Pure Marketplace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Latin America: Online Grocery (Hybrid Marketplace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Latin America: Online Grocery (Hybrid Marketplace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Latin America: Online Grocery (Other Business Models) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Latin America: Online Grocery (Other Business Models) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Latin America: Online Grocery (Web-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Latin America: Online Grocery (Web-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Latin America: Online Grocery (App-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Latin America: Online Grocery (App-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Latin America: Online Grocery (One-Time) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Latin America: Online Grocery (One-Time) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Latin America: Online Grocery (Subscription) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Latin America: Online Grocery (Subscription) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Brazil: Online Grocery Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Brazil: Online Grocery Market: Breakup by Product Type (in %), 2021
Figure 37: Brazil: Online Grocery Market: Breakup by Business Model (in %), 2021 
Figure 38: Brazil: Online Grocery Market: Breakup by Platform (in %), 2021
Figure 39: Brazil: Online Grocery Market: Breakup by Purchase Type (in %), 2021
Figure 40: Brazil: Online Grocery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Mexico: Online Grocery Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Mexico: Online Grocery Market: Breakup by Product Type (in %), 2021
Figure 43: Mexico: Online Grocery Market: Breakup by Business Model (in %), 2021 
Figure 44: Mexico: Online Grocery Market: Breakup by Platform (in %), 2021
Figure 45: Mexico: Online Grocery Market: Breakup by Purchase Type (in %), 2021
Figure 46: Mexico: Online Grocery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Argentina: Online Grocery Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Argentina: Online Grocery Market: Breakup by Product Type (in %), 2021
Figure 49: Argentina: Online Grocery Market: Breakup by Business Model (in %), 2021 
Figure 50: Argentina: Online Grocery Market: Breakup by Platform (in %), 2021
Figure 51: Argentina: Online Grocery Market: Breakup by Purchase Type (in %), 2021
Figure 52: Argentina: Online Grocery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Colombia: Online Grocery Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Colombia: Online Grocery Market: Breakup by Product Type (in %), 2021
Figure 55: Colombia: Online Grocery Market: Breakup by Business Model (in %), 2021 
Figure 56: Colombia: Online Grocery Market: Breakup by Platform (in %), 2021
Figure 57: Colombia: Online Grocery Market: Breakup by Purchase Type (in %), 2021
Figure 58: Colombia: Online Grocery Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 59: Chile: Online Grocery Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Chile: Online Grocery Market: Breakup by Product Type (in %), 2021
Figure 61: Chile: Online Grocery Market: Breakup by Business Model (in %), 2021 
Figure 62: Chile: Online Grocery Market: Breakup by Platform (in %), 2021
Figure 63: Chile: Online Grocery Market: Breakup by Purchase Type (in %), 2021
Figure 64: Chile: Online Grocery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Peru: Online Grocery Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Peru: Online Grocery Market: Breakup by Product Type (in %), 2021
Figure 67: Peru: Online Grocery Market: Breakup by Business Model (in %), 2021 
Figure 68: Peru: Online Grocery Market: Breakup by Platform (in %), 2021
Figure 69: Peru: Online Grocery Market: Breakup by Purchase Type (in %), 2021
Figure 70: Peru: Online Grocery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Online Grocery Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Online Grocery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Online Grocery Industry: SWOT Analysis
Figure 74: Latin America: Online Grocery Industry: Value Chain Analysis
Figure 75: Latin America: Online Grocery Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Latin America: Online Grocery Market: Key Industry Highlights, 2021 and 2027
Table 2: Latin America: Online Grocery Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Latin America: Online Grocery Market Forecast: Breakup by Business Model (in Million US$), 2022-2027
Table 4: Latin America: Online Grocery Market Forecast: Breakup by Platform (in Million US$), 2022-2027
Table 5: Latin America: Online Grocery Market Forecast: Breakup by Purchase Type (in Million US$), 2022-2027
Table 6: Latin America: Online Grocery Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 7: Latin America: Online Grocery Market: Competitive Structure
Table 8: Latin America: Online Grocery Market: Key Players

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Key Questions Answered in This Report

We expect the Latin America online grocery market to exhibit a CAGR of 13.6% during 2022-2027.

The growing consumer awareness towards the associated benefits of online grocery solutions, such
as flexible payment options, door-step delivery, continuous track of the delivery process, etc., is
currently driving the Latin America online grocery market.

In Latin America, the sudden outbreak of the COVID-19 pandemic has led to the increasing sales of
groceries via online platforms over conventional brick-and-mortar distribution channels, to combat
the risk of the coronavirus infection.

Based on the product type, the Latin America online grocery market has been divided into
vegetables and fruits, dairy products, staples and cooking essentials, snacks, meat and seafood, and
others. Currently, staples and cooking essentials exhibit a clear dominance in the market.

Based on the business model, the Latin America online grocery market can be categorized into pure
marketplace, hybrid marketplace, and others. Among these, hybrid marketplace currently holds the
majority of the total market share.

Based on the platform, the Latin America online grocery market has been segmented into web-
based and app-based, where web-based platform represents the largest market share.

Based on the purchase type, the Latin America online grocery market can be bifurcated into one-
time and subscription. Currently, one-time purchase type accounts for the majority of the total
market share.

On a regional level, the market has been classified into Brazil, Argentina, Mexico, Colombia, Chile,
Peru, and others, where Brazil currently dominates the market.

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