According to the latest report by IMARC Group, titled "Latin America Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the Latin America online grocery market is currently witnessing robust growth. Looking forward, the market is expected to continue its robust growth during 2021-2026. Online grocery refers to the buying and selling of fresh and packaged grocery items via e-commerce websites or mobile apps. It allows the customer to choose from flexible payment options, access various products, select delivery slots, and track the delivery process.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The Latin America online grocery market is primarily driven by the increasing use of smart devices along with the growing penetration of the internet in the region. Furthermore, the thriving e-commerce sector is also proliferating the market growth. Moreover, in order to expand the consumer base, several leading players in Latin America are increasingly investing to develop user-friendly interfaces. Additionally, the growing influence of numerous social media apps, such as Instagram and Facebook, is enabling the market players to expand their consumer base by directly interacting with existing and potential customers. Besides this, due to the outbreak of the COVID-19 pandemic, consumer preferences have shifted towards online grocery platforms for combatting the spread of coronavirus upon human interaction across brick-and-mortar retail stores.
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Key Market Segmentation:
Breakup by Product Type:
- Vegetables and Fruits
- Dairy Products
- Staples and Cooking Essentials
- Snacks
- Meat and Seafood
- Others
Breakup by Business Model:
- Pure Marketplace
- Hybrid Marketplace
- Others
Breakup by Platform:
- Web-Based
- App-Based
Breakup by Purchase Type:
- One-Time
- Subscription
Breakup by Country:
- Brazil
- Mexico
- Argentina
- Columbia
- Chile
- Peru
- Others
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.