Latin American e-commerce retail market is growing at a considerable CAGR of around 25.6% during the forecast period. The market growth is mainly augmented by a rise in internet users, an increase in online sales convenience of mobile e-commerce, and incremental trust in the logic of online purchases. For instance, according to the ITU, around 51% of individuals are using the internet across the globe. Moreover, the direct channel of distribution enables -commerce companies to cut costs compared to local retailor which results in increased sales. The digital transformation programs such as the Colombian government scaling community access areas increase rural connectivity also enhances the growth of the market.
According to International Trade Administration (ITA), department stores were estimated as primary sales for the e-commerce segment accounting for 50% in the number of orders and 67% in revenues in the Latin America region. The building up of brand recognition with an audience of digital natives has also increased the supply chain in the region over the past few years. However, the high cost of logistics and reverse logistics for the transfer of products and goods, shortage of payment options in the region, and inefficient road connectivity are the constraints that challenge the growth of the market. Most of the logistics companies charge high for shipping and lacks tracking facilities. Conversely, the stepping of new players in the e-commerce industry is creating enormous opportunities for market growth in the country. These companies are significantly focusing on the development of their logistics and warehousing capabilities across the country to cater to a wide range of opportunities.
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Market Coverage
- Market number available for – 2021-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Market Segmentation
Latin America E-Commerce Retail Market by End-Users
- Business To Consumer
- Business To Business
- Customer To Customer
Latin America E-Commerce Retail Market by Products
- Electronics
- Fashion
- Books And Magazines
- Home Decor
- Healthcare
- Automobile
- Sports
- Beauty And Personal Care
- Kitchenware
- Others
Latin America E-Commerce Retail Market by Device Used
- Smartphone
- Tablets
- Personal Computer
A full report of Latin America E-Commerce Retail Market available @ https://www.omrglobal.com/industry-reports/latin-america-e-commerce-retail-market
Regional Analysis
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Company Profiles
- com.
- com, Inc.
- Apple Inc.
- B2W
- Boletia
- bonprix
- Carrefour
- Cnova N.V
- DHL International GmbH
- EL Bazar
- com.
- FedEx Corp.
- Linio International Marketplace
- Lojas Americanas
- Mercado Libre, Inc.
- Shoptime
- Submarino
- Troquer México.
- Walmart Inc.
- YOOX Net-a-Porter Group
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