The Latin American e-commerce retail market is growing at a considerable CAGR of around 25.6% during the forecast period (2023-2029). This Latin America E-Commerce Retail Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here under each industry sector. Future development visions and a wide range of subjects are covered in this Latin America E-Commerce Retail Market study report. All this crucial data greatly assists key players to establish their presence in the competitive market. It verifies and revalidates the knowledge provided in this global Market report. It also allows several organizations to learn more about a range of opportunities already available in the market and makes aware to firms about upcoming opportunities too. It ensures several firms to attain a long-standing business success by capturing all of the latest updates about market growth. Most important participants are able to employ such report as a great resource to attain a competitive advantage over the cut-throat market.
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The impact of COVID-19 showed high growth in sales in several countries. Many companies and retailers were forced to adopt digitalization to be prevented infection. In Chile, as of March 2020, online sales had increased almost by 300% according to the analysis of ITA and the companies like Mercado Libre doubled their market capitalization which had set huge demand for e-commerce in Chile. Moreover, In Argentina, according to the reports of UNCTAD, there was a 63% increase in online sales in the first half of 2020. However, in the countries such as Peru and Colombia, there were strict actions taken by the government to restrict online activities during the COVID-19 pandemic and hence sales were negatively affected in this region. To increase the market in the global pandemic, many industries come with expansion, collaboration, and offers, for instance, in November 2020, Amazon opened three more logistics centers in Brazil to take advantage of boost the Covid-19 pandemic. The expansion adds 75,000 square meters of distribution space. The increase in logistics operations by the companies is further estimated to increase the e-commerce retail market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Latin Ameria e-commerce retail market Report Segment
By End-Users
- Business to Consumer
- Business to Business
- Customer to Customer
By Product
- Electronics
- Fashion
- Books and Magazines
- Home Decor
- Healthcare
- Automobile
- Sports
- Beauty and Personal Care
- Kitchenware
- Others
By Device Used
- Smartphone
- Tablets
- Personal Computer
Latin Ameria e-commerce retail market Report Segment by Geography
- Brazil
- Mexico
- Argentina
- Rest of Latin America
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Latin American e-commerce retail market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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