Latin America food and grocery retail is estimated to display a steady CAGR of 5.5% during the forecast period (2020-2026). Liberalization of foreign direct investments, increasing disposable incomes, rising urbanization, and ease in access to the internet have been some of the major facets driving growth to the food and grocery retail sector in Latin America, in the last few years. The conventional retail space has expanded to a greater extent in the past two decades in the region, supported by cohesive trade policies (ease in bringing in imported foods) and increasing capitals. The region has seen a rapid rise of supermarkets in the last few years, which has bolstered the food and grocery retail industry in the region.
Browse the full report description Latin America Food and Grocery Retail Market Size, Share & Trends Analysis Report by Product (Packaged Foods, Unpackaged Foods, Beverages, and Other Household Products) by Distribution Channel (Online and Offline) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/latin-america-food-and-grocery-retail-market
However, in 2020, the advent of the COVID-19 pandemic has negatively impacted the whole food and grocery retail space in the region. Latin America is one of the most COVID-19 affected regions and suffered severely in terms of sales and trades. The supply chain has been completely disrupted and there is a shortage of necessities in some areas, which has decreased the sales even more. People in the region have shifted toward the online channel however it is still at a nascent phase in the region. With the job loss and other economic losses, the people in the region are expected to restrain themselves from purchasing the high-priced retail products thus affecting the market revenue in 2020.
Market Coverage
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region/ country
Latin America Food and Grocery Retail Market Report Segment
By Product
By Distribution Channel
Latin America Food and Grocery Retail Market Report Segment By Geography
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