Latin America Online Grocery Market (2022-2028) | Size, Trends, Outlook, Revenue, Share, Analysis, Value, Segmentation, Industry & COVID-19 IMPACT

Latin America Online Grocery Market Synopsis

Latin America Online Grocery market has grown over the last decade and is expected to continue to grow, with anticipated compound annual growth rates of 10.2% and 10.6%, respectively, during 2018-2028 (CAGR). The Online Grocery Market in Latin America is primarily driven by the increase in disposable incomes, rapid urbanization and a rise in the number of women who work outside the home.

According to 6Wresearch, the Latin America Online Grocery Market size is projected to grow during 2022-2028. The Latin America online grocery market Growth is being driven by a number of factors, including the increasing penetration of internet and mobile devices, the growing number of working women, and the increasing preference for convenience.

The Latin America online grocery market is expected to be further driven by the increasing adoption of e-commerce by small and medium-sized businesses. The growing number of e-commerce platforms and the increasing availability of logistics infrastructure are some of the other factors that are expected to drive the growth of the online grocery market in Latin America.

Latin America Online Grocery Market: Growth Drivers and Restraints

The major factors driving the growth of the market are the increasing number of working population and the changing lifestyle of consumers. The working population is increasingly opting for online grocery shopping due to the lack of time to visit physical stores. The changing lifestyle of consumers is also leading to the growth of the market as they are preferring to shop for groceries online rather than visiting physical stores.

However, the high cost of delivery and lack of awareness about online grocery shopping are some of the factors are holding back the growth of the market.

Online Grocery Market Overview

The growth of the market is mainly driven by the rising demand for convenience, changing consumer preferences, and increasing internet penetration.

The Latin America Online Grocery Market is segmented based on product type, distribution channel, and country. Based on product type, the market is divided into fresh food, packaged food, non-food items, and others. The fresh food segment is expected to grow at the highest CAGR during the predicted period. This growth can be credited to the growing demand for fresh and healthy food among consumers.

Market Analysis by Countries 

The Latin America online grocery market is further classified into Brazil, Mexico, Argentina, and Rest of Latin America. Brazil accounted for the largest share of the market. 

Latin America Online Grocery Market Growth Drivers

The region's online grocery market is being driven by the growing popularity of e-commerce and the increasing number of internet users. The region has a large population with a significant portion of young people who are comfortable with using technology and the internet. This, coupled with the growing disposable incomes, is expected to drive the growth of the online grocery market in Latin America.

Key Players in the Latin America Online Grocery Market

The major players in the Latin American online grocery market include 

• Walmart
• Amazon
• Mercado Libre

COVID-19 Impact on Latin America Online Grocery Market

The coronavirus pandemic has stagnated the growth of almost every industry. However, the lockdown has created lucrative opportunities for the online grocery market owing to the increasing penetration towards social distancing that further boosted the demand for Online Grocery in Latin America.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Latin America Online Grocery Market Outlook
• Market Size of Latin America Online Grocery Market, 2021
• Forecast of Latin America Online Grocery Market, 2028
• Historical Data and Forecast of Latin America Online Grocery Revenues & Volume for the Period 2018 - 2028
• Latin America Online Grocery Market Trend Evolution
• Latin America Online Grocery Market Drivers and Challenges
• Latin America Online Grocery Price Trends
• Latin America Online Grocery Porter's Five Forces
• Latin America Online Grocery Industry Life Cycle
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Food Grains for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Bread, Bakery, and Dairy Products for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Fruits and Vegetables for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Personal Care for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Dry and Baking Products for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Household Products for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Meat and Meat Products for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Food Grains Online Grocery Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Food Grains for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Bread, Bakery, and Dairy Products for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Fruits and Vegetables for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Personal Care for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Dry and Baking Products for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Household Products for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Meat and Meat Products for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Food Grains Online Grocery Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Food Grains for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Bread, Bakery, and Dairy Products for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Fruits and Vegetables for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Personal Care for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Dry and Baking Products for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Household Products for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Meat and Meat Products for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Food Grains Online Grocery Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Food Grains for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Bread, Bakery, and Dairy Products for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Fruits and Vegetables for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Personal Care for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Dry and Baking Products for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Household Products for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Meat and Meat Products for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Food Grains Online Grocery Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Food Grains for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Bread, Bakery and Dairy Products for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Fruits and Vegetables for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Personal Care for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Dry and Baking Products for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Household Products for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Meat and Meat Products for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Food Grains Online Grocery Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Platform for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By App-based for the Period 2018 - 2028
• Historical Data and Forecast of Latin America Online Grocery Market Revenues & Volume By Web-based for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Platform for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By App-based for the Period 2018 - 2028
• Historical Data and Forecast of Brazil Online Grocery Market Revenues & Volume By Web-based for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Platform for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By App-based for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Online Grocery Market Revenues & Volume By Web-based for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Platform for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By App-based for the Period 2018 - 2028
• Historical Data and Forecast of Argentina Online Grocery Market Revenues & Volume By Web-based for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Platform for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By App-based for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Latin America Online Grocery Market Revenues & Volume By Web-based for the Period 2018 - 2028
• Latin America Online Grocery Market - Key Performance Indicators
• Latin America Online Grocery Market - Import Export Trade Statistics
• Latin America Online Grocery Market - Opportunity Assessment By Countries
• Latin America Online Grocery Market - Opportunity Assessment By Product Type
• Latin America Online Grocery Market - Opportunity Assessment By Platform
• Latin America Online Grocery Market - Top Companies Market Share
• Latin America Online Grocery Market - Top Companies Profiles
• Latin America Online Grocery Market - Comparison of Players in Technical and Operating Parameters
• Latin America Online Grocery Market - Strategic Recommendations

Markets Covered

The report offers a broad study of the subsequent market segments:

By Countries

• Brazil
• Mexico
• Argentina
• Rest Of Latin America

By Product Type

• Food Grains
• Bread
• Bakery And Dairy Products
• Fruits And Vegetables
• Personal Care
• Dry & Baking Products
• Household Products
• Meat, And Meat Products
• Others

By Platform

• App-Based
• Web-Based

Latin America Online Grocery Market: FAQs