Although it had access to consumer data, it hadnt conducted analysis to segment consumers by their needs and preferences. to incorporate the statistic into your presentation at any time. If we have selected the wrong experience for you, please change it above. Chile's Cencosud is the region's largest retailer. Top 10 Latin American Online Grocery Stores You Must Check About! Our analysis identified four trends with the potential to reshape the contours of Latin Americas grocery landscape. El mensaje es claro: la innovacin es crucial para prosperar en este sector. Statista. A set of proven strategies, ably supported by investments in advanced analytics, can give executives the tools to tailor their offerings to specific consumer segments and locationsand potentially unlock growth and profits in the process. Although global retailers often operate in various regions, for the purposes of this report, 100% of each companys sales are accounted for within the region that the company is headquartered in, even when the sales are made outside of that region. Whether youre searching for your next ecommerce solutions client, acquisition, investment opportunity, or simply researching new competitors, the Latin America Database is a global ecommerce prospectors best tool. Use Ask Statista Research Service. Top 20 Grocery Retailers in Latin America | Download Table "Leading Food Brands in Latin America in 2020 (in Million Consumer Reach Points). Sales of Walmart are expected to increase from 11.7 billion to 14.7 billion U.S. dollars by. The spiraling costs of goods and operations will put pressure on retailers to maintain their margins while seeking to capture the benefits of market growth. Growth in Chile was primarily led by Chilean department store and home improvement retailer S.A.C.I Falabella, who saw a 25% increase in customers, in part thanks to the launch of their new online marketplace and home-delivery service. The full report also looks at the top 250, the fastest growers, and provides an analysis of performance across product sectors. Additional barriers include the lack of personal contact when shopping onlinea major contributor to the preference for physical storesand high shipping costs for online purchases. One leading global retailer operating in Latin America identified an opportunity for its private-label products, but it first had to shore up its capabilities. [Online]. Analysis of McKinsey's recent report shows that Latin Americas grocery industry is projected to grow 5% in 2023, placing it among the top performing regions in the world. Brazil is the largest online retail market in Latin America, accounting for 42% of the region's $47.4 billion in e-commerce sales. Leading food brands in Latin America in 2020 (in million Consumer Reach Points) [Graph]. Latin America Retail Ecommerce Update - Insider Intelligence Top 10 Retail Sites in Latin America, Ranked by Unique Visitors, May ", Deloitte, Leading retailers of Latin America in 2020, by retail sales (in billion U.S. dollars) Statista, https://www.statista.com/statistics/192183/leading-retailers-of-latin-america-by-retail-sales/ (last visited July 09, 2023), Leading retailers of Latin America in 2020, by retail sales (in billion U.S. dollars) [Graph], Deloitte, December 15, 2022. A serial entrepreneur who smiles wide but speaks her mind, Barrios is fed up with ill-informed outsiders who underestimate her part of the world. Amazon. However, promotions and lower delivery costs could be key to luring Latin American shoppers back to online channels. Show sources information FARFETCH is the leading global platform for the luxury fashion industry. Top 20 Grocery Retailers in Latin America | Download Table Table 3 - uploaded by Paul W. Dobson Content may be subject to copyright. The state of grocery retail in Latin America. and over 1Mio. Top ecommerce companies in Latin America saw online revenue growth slow significantly in 2021 vs. the prior yearmuch like the upper echelon in the U.S. The pervasiveness of health and well-being as a topic in the public conversation during the pandemic appears set to endure in Latin America. FALABELLA. This list of companies and startups in Latin America in the retail space provides data on their funding history, investment activities, and acquisition trends. To use individual functions (e.g., mark statistics as favourites, set 2017 Latin America 500 | Internet Retailer | Top Retailers Latin America Get quick analyses with our professional research service. Forecasts suggest that the region's grocery industry will grow at a robust clip of 5 percent in 2023, placing it among the top-performing regions in the world. *While we formally launch new editions of each database product annually, we make necessary updates to our rankings and data throughout the year. Grupo Chedrauis revenues grew 22.7 percent, reaching $5.9 billion, while Lojas Riachuelos revenues reached $2.2 billion, up 16.8 percent from the previous year. 18 May 2017 MEXICO CITY, Mexico Regina Barrios has a fearless streak that you can sense within five minutes of meeting her. These measures helped to kick-start e-commerce sales and stabilize margins after just three months. In this ranking - data from the latest Beyond Borders 2020/2021 study - Similar Web discloses the top ten e-commerce players in Latin America, first, overall in the region, and then, the five top websites per country. The loosening of pandemic restrictions has also led consumers to embrace their previous preference for physical stores where they can buy everything in one stop. The process included using proprietary tools and analytics to assess its current state versus peers, as well as identifying best practices for priority categories across brand strategy, assortment and pricing, sourcing, and the organization and operating model. [Online]. Our analysis found that more than 70 percent are willing to share personal data in exchange for personalized offers or discounts and expect companies to understand their needs.2Based on McKinsey analysis of data from a survey by Coresight Research and Sailthru. In the near term, our analysis suggests that four trends will influence the contours of grocery retail in Latin America: an emphasis on savings, a shifting channel mix, a focus on healthy foods, and the desire for personalization. Most funded Latin American online supermarkets 2022, Latin America: major food retailers by sales revenue 2019, Retail e-commerce revenue in Latin America 2017-2027, by category, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Use Ask Statista Research Service. For example, uneven product quality due to sourcing issues was undermining its value proposition. Consumers who will spend less in 2023 dont have a preference among physical formats. August 25, 2019. Retail & Trade Latin America: leading retailers 2020, by retail revenue Published by Statista Research Department , Jan 23, 2023 In 2020, the Mexican convenience store operator FEMSA. Retailers are ranked by unique visitor using a desktop computer at home or work. They occupied 1.8% of the global retail revenue share, and recorded the largest composite five-year CAGR and year-on-year retail revenue growth in FY2021. Millward Brown and MPP released their fourth annual report (.PDF) analyzing the 50 most valuable brands in Latin America last week. Brazilian retail chain Raia Drogasil SA was the fastest-growing online retailer in Latin America. Inflation has created an added degree of difficulty for grocery retailers as they seek to maintain profits, optimize their product offerings, and surprise and delight consumers. Consumers are increasingly demanding healthier . Walmart once again leads the pack, claiming a 12.67% retail share of the market, equating to $572 billion in sales. Peru's Inretail, Mexico's Grupo Chedraui and Brazil's Lojas Riachuelo are the top three winners in terms of revenue growth in Latin Trade's Top Latin American Retailers 2019 ranking. To receive the best experience, please allow cookies. Leading retailers of Latin America in 2020, by retail sales (in billion U.S. dollars) [Graph]. Consumers looking to reduce their spending are more likely to switch to less-expensive products (referred to as downtrading). Show publisher information Stores experienced a similar turnaround, achieving a rise in sales (two percentage points) and profit (four percentage points) after just eight weeks. Our 2022 Latin America Database is the most up-to-date and accurate financial and performance data that exists on Latin American ecommerce, giving you a detailed look at the online retailers at play in the region. Best-practice examples from across the retail spectrum, including other regions, can guide grocery executives in charting a path forward. In 2020, the bakery brand Bimbo was the leading food brand in Latin America with 628 million Consumer Reach Points (CRP), followed by Maggi, with 520 . The Top 100 Retailers in 2022 | RIS News In last year's . Taking the top position was high-end fashion retailer LVMH, which grew by 51.4% year-on-year, to nearly USD 56.3 billion. In, Kantar, und WPP. Alternative customer communications channels were augmented by a nationwide campaign to gather e-mails, which tripled its total number of e-mails. This comprehensive approach captured significant benefits, such as a 20 percent rise in top-line revenues and an increase in private-label penetration of five percentage points. Publix Super Markets has set its sights on growth in the state of Virginia In terms of total revenues, the top three retailers, all of which posted [] Top 10 Retail Myths in 2023. Learn more about how Statista can support your business. Meanwhile, shoppers who plan to increase their spending will look to take advantage of promotions and private-label goods to trim grocery costs. Consumers who plan to eat healthier are driving up net intent in some categories, such as organic, natural, plant-based, and bulk foods. Available: https://www.statista.com/statistics/192183/leading-retailers-of-latin-america-by-retail-sales/, Leading retailers of Latin America in 2020, by retail sales, Immediate access to statistics, forecasts & reports, Mexico: food industry production value 2013-2020, Mexico: food industry sales value 2022, by state, Intended share of budget to be spent on groceries in Mexico 2022, by age, Preferred traditional dishes in Mexico 2021, Mexico: leading agricultural products based on production value 2022, Mexico: beef & veal meat production volume 2010-2022, Mexico: chicken meat production volume 2010-2022, Mexico: fish and seafood production volume 2015-2022, Mexico: milk and dairy production 2018-2030, by product type, Mexico: baked goods production value 2013-2021, Mexico: leading agri-food products exports 2021, by value, Mexico: sales value of corn tortillas 2013-2020, Mexico: retail sales of confectionery 2014-2020, Mexico: locally produced chocolate sales value 2013-2021, Sigma Alimentos net revenue in Mexico 2019-2021, Mexico: expenditure on plant-based proteins 2016-2020, Mexico: dairy consumption per capita 2018-2029, by type, Mexico: legumes & vegetables per capita consumption 2020, by type, Share of consumers noticing the higher prices of groceries Mexico 2021-2022, by age, Sales of the fastest-growing hard goods retailers in the U.S. 2018, Leading 10 retailers in Europe ranked by worldwide retail sales 2021, North America: leading retailers 2021, by retail revenue, Leading retailers of Africa and the Middle East 2016, based on sales, Monthly sales of large retailers in Canada 2015-2019, World: share of leading retailers 2021, by product sector, Companies of the world's leading 250 retailers 2018, by product sector, Market share of the U.S. soft goods retailers with the highest growth 2016-2017, Leading retailers APAC 2020, by retail revenue, Sales of the fastest-growing soft goods retailers in the U.S. 2018, New market entries of global leading retailers worldwide 2011, by subregion, Market share of the fastest-growing FDM channel retailers in the U.S. 2015, Leading global apparel retailers 2011, based on international sales, New store openings of selected major foreign retailers in China 2011-2012, Leading entertainment retailers by market share in Great Britain (UK) 2016-2017, Industry revenue of Miscellaneous store retailers in Canada 2012-2024, AI use case distribution in retail organizations worldwide 2018, by function, El Salvador: digital advertisers among retail stores Christmas 2018, Cosmetics and personal care industry in Sweden, Leading retailers of Latin America in 2020, by retail sales (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. A comprehensive understanding of shopping missions could also be critical. Latin America's pharmaceutical market has a robust CAGR of 9.7% between 2021 and 2026, according to IQVIA.This is a higher projected growth rate than those of the Middle East, Europe and North America. Kantar, & WPP. [Online]. However, this sentiment doesnt always translate to purchasing decisions. As a Premium user you get access to background information and details about the release of this statistic. Regional retailers proved resilient last year despite the risk of subsequent COVID-19 variants, increased inflation and supply chain challenges. "Most Valuable Latin American Retail Brands in 2020 (in Billion U.S. "Leading Retailers of Latin America in 2020, by Retail Sales (in Billion U.S. In 2016, Wal-Mart de Mexico, Mexico's largest retailer recorded sales of $28.6 billion, the highest among the supermarkets operating in emerging markets. What's the most common final funding type when companies get acquired? Grocery executives will need to rapidly pivot to respond to these consumer needs. Thats up from a 47.1% share the prior year. Accessed July 09, 2023. https://www.statista.com/statistics/302397/most-valuable-latin-american-retail-brands/, Kantar, and WPP. A paid subscription is required for full access. Modern CFOs are finding it tougher to keep their footing, as the cloud of economic uncertainty looms in. MercadoLibre's revenues reached $1.39 billion, up 65.6 percent from the year before, and leads the subranking of the Revenue Winners. Ranking of Latin Americas Top 300 Online Retailers, 1 Year Web Sales Range (5 Years Exact Included in Pro Database), Company Information (Merchant Type, Primary Merchandise Category, Corporate Address & Year Launched), Key Performance Metrics (Growth, Average Ticket & Conversion Rate), Website Traffic Analysis (Overall Visits & Traffic Share by Device Type andChannel). Rankings & Indexes The Top Retailers in Latin America 2017. dollars)." Uber dollars)." As soon as this statistic is updated, you will immediately be notified via e-mail. The top 300 online retailers in Latin America sold $31.62 billion worth of goods in 2021, up 19.7% from $26.42 billion in 2020. Ecommerce in Latin America: what you need to know According to Mrquez, this is because trade is a reflection of the GDP of each country, so both nations, being the largest in the region, are those with the highest consumption. 4 Movements Impacting Retail in Latin America ", Edge by Ascential, Leading hyper-stores and supermarket retailers in Latin America based on estimated sales in 2021 and 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1261158/leading-hyper-stores-supermarkets-latin-america/ (last visited July 09, 2023), Leading hyper-stores and supermarket retailers in Latin America based on estimated sales in 2021 and 2026 (in billion U.S. dollars) [Graph], Edge by Ascential, August 17, 2021. In addition, categories such as fresh fruits and vegetables are powered by decisions to make health a priority. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Because consumers have demonstrated a preference to use different channels for different shopping missions, grocery retailers will need to achieve greater flexibility across channels and reduce barriers to online purchases. The top 300 online retailers in Latin America collectively grew digital revenue to $31.62 billion in 2021. Your Need-To-Know Guide To Latin America's Top 50 Brands Walmart was the leading supermarket retailer in Latin America based on estimated sales in 2021. The fastest growers in the region include Neiman Marcus, Burlington Stores and Dillards. Please see www.deloitte.com/about to learn more. October 24, 2017. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. Latin America's $160 Billion Fashion Opportunity | BoF But they still grew at a faster clip than the global market. Watchlist: 10 of the Largest Supermarkets in Emerging Markets Home Depot. to incorporate the statistic into your presentation at any time. The five largest online retailers in Latin America, including Magazine Luiza SA and B2W Digital, accounted for roughly half 49.8% of the Latin America 300s collective web sales in 2021. Grocery retailers will need to perform this exercise a number of times: loyalty attributes vary not only across countries but also according to demographics and channels.