Latin America Food & Grocery Retail Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$1,313.3

Forecast, 2030 (US$M)

$1,611.1

CAGR, 2024 - 2030

Report Coverage

Latin America

Latin America food & grocery retail market, 2018-2030 (US$M)

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Related Markets

Global Food & Grocery Retail Industry Outlook

North America Food & Grocery Retail Market Outlook

Europe Food & Grocery Retail Market Outlook

Asia Pacific Food & Grocery Retail Market Outlook

MEA Food & Grocery Retail Market Outlook

Latin America food & grocery retail market highlights

The Latin America food & grocery retail market generated a revenue of USD 1,313.3 million in 2023.
The market is expected to grow at a CAGR of 3% from 2024 to 2030.
In terms of segment, fresh food was the largest revenue generating product in 2023.
Fresh Food is the most lucrative product segment registering the fastest growth during the forecast period.

Latin America data book summary

Market revenue in 2023	USD 1,313.3 million
Market revenue in 2030	USD 1,611.1 million
Growth rate	3% (CAGR from 2023 to 2030)
Largest segment	Fresh food
Fastest growing segment	Fresh Food
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Fresh Food
Key market players worldwide	Walmart Inc, Costco Wholesale Corp, Seven & i Holdings Co Ltd, Amazon.com Inc, The Kroger Co, Target Corp, Carrefour, ALDI, Schwarz Group, AEON RETAIL

Other key industry trends

In terms of revenue, Latin America region accounted for 11.0% of the global food & grocery retail market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 5,619.9 million by 2030.

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Food & Grocery Retail Market Scope

Food & grocery retail market segmentation & scope

Product

Fresh Food

Frozen Food

Food Cupboard

Beverages

Cleaning & Household

Others

Distribution Channel

Supermarkets & Hypermarkets

Convenience Stores, Departmental Stores & Clubs

Online

Regions

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Countries

U.S.

Canada

Mexico

Germany

France

Spain

Italy

China

India

Japan

Australia

South Korea

Brazil

Argentina

Saudi Arabia

South Africa

Food & Grocery Retail Market Companies

Name	Profile	# Employees	HQ	Website

Latin America food & grocery retail market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food & grocery retail market will help companies and investors design strategic landscapes.

Fresh food was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America food & grocery retail market based on fresh food covering the revenue growth of each sub-segment from 2018 to 2030.

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Our clientele includes a mix of food & grocery retail market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America food & grocery retail market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America food & grocery retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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