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.
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Latin America Food and Grocery Retail Market Segmentation
By Product
- Packaged Foods
- Unpackaged Foods
- Beverages
- Other Household Products
By Distribution Channel
- Online
- Offline
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Regional Analysis
- Brazil
- Colombia
- Mexico
- Argentina
Rest of Latin America
Company Profiles
- com, Inc.
- Groupe Casino (Casino Guichard Perrachon ADR)
- Carrefour Comércio e Indústrias Ltda
- Cencosud S.A.
- Distribuidora Internacional de Alimentación, S.A. (DIA)
- Falabella Retail SA
- Lojas Americanas SA
- Organización Soriana SAB de CV
- OXXO (Cadena Comercial OXXO, SA de CV)
- SHV Holdings N.V.
- Walmart Inc.
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