Latin America Food & Grocery Retail Market Size & Outlook
Latin America food & grocery retail market, 2018-2030 (US$M)
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 Companies
| Name | Profile | # Employees | HQ | Website |
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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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Target buyers of Latin America food & grocery retail market databook
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Our clientele includes a mix of food & grocery retail market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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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