The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreJun 2018
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Most of the major economies in Latin America have faced significant economic and political challenges that have affected consumer spending across product categories, including purchases at grocery retailers. Economic crises in Brazil, Argentina and Venezuela remain ongoing, and retailers there face a more difficult prognosis. Beyond economics, small formats and technology are the driving trends in grocery retail across both the modern and traditional sectors.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Most of the major economies in Latin America have faced significant economic and political challenges that have affected consumer spending across product categories, including purchases at grocery retailers. Economic crises in Brazil, Argentina and Venezuela remain ongoing, and retailers there face a more difficult prognosis than those in markets such as Peru, the Dominican Republic and Uruguay, where the economies are more stable.
Traditional grocery retail accounted for 51% of all grocery retail sales in Latin America in 2017. Grocery retail sales per capita are considerably lower in Latin America compared to developed markets, partly due to lower purchasing power but also due to the prevalence of informal grocery retail, such as informal markets and street vendors.
Walmart is the largest grocery retailer in Latin America, with 18% of modern grocery sales in the region in 2017. It operates a wide variety of banners across Latin America, including discounters, hypermarkets and supermarkets, in addition to its warehouse clubs and internet retailing operations.
Outside a select number of cities (particularly Montevideo), online grocery remains a niche activity. Across the region, however, retailers and start-ups are increasingly investing in this area. Cornershop and Rappi have emerged as early winners in online grocery, while established players such as Wong, Cencosud and Walmart have also seen some early success.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.