Latin America Online Grocery Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Latin America Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Latin America online grocery market is currently witnessing robust growth. 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. Looking forward, the market is expected to continue its robust growth during the forecast period (2021-2026).

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 for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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
Columbia
Chile
Peru
Others

Competitive Landscape:

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

Key Questions Answered in This Report:

How has the Latin America online grocery market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Latin America online grocery market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the business model?
What is the breakup of the market based on the platform?
What is the breakup of the market based on the purchase type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Latin America online grocery market and who are the key players?
What is the degree of competition in the industry?