Latin America food and grocery retail market is anticipated to grow at a CAGR of 5.5% during the forecast period. Supermarkets occupy roughly 60% of the national retail sectors in Latin America, and around half this level of food and grocery products. Factors underpinning their growth include increases in incomes in ‘two-earner’ households and access to refrigerators and private cars. Although, the primary factor for growth has been the liberalization of foreign direct investment. 

Food retailers in Latin America comprise of four groups. The first one includes a range of independent small full-service stores retailing different types of groceries or focusing on meat snacks, fruits, vegetables, extruded snacks, baked goods, and more. Secondly, traditional markets, such as street fairs. Third, there are small self-service stores that tend to be in chains and vary from ‘hard discounts’ (almost equivalent to small supermarkets), to ‘convenience stores’, such as those located in railway and bus stations. Lastly, the large self-service stores, independent or contractual. Generally, these stores are classed as either ‘supermarkets’ (roughly 350–4000 m sq. and/or with 3–4 or more cash registers), or the larger hypermarkets. Additional large-scale stores include membership clubs and warehouse formats.

Latin America food and grocery retail market is segmented based on product and distribution channels. Based on the product, the food and grocery retail market is segmented into packaged foods, unpackaged foods, beverages, and other household products. Based on the distribution channel, the market is segmented into online and offline. Supermarkets in the region hold the potential to widen and deepen food retail markets and enhancing overall demand. 

Lastly, the focus here is on the influence of supermarkets in Mexico, Argentina, Brazil, Chile, and Costa Rica, especially on dairy products and fresh fruit and vegetables (FFV). Food and grocery retail products are generally perceived as hot prospects for small farms and other firms in Latin America owing to their relative lack of economies of scale and income-generation potential, by contrast with, for instance, livestock and basic grains.

Research Methodology

The market study of the Latin American food and grocery retail market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Latin America Food and Grocery Retail Market Research and Analysis by Product
2. Latin America Food and Grocery Retail Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Latin American food and grocery retail market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Latin America food and grocery retail industry.
• Insights about market determinants which are stimulating the Latin America food and grocery retail market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.