Brazil On-Demand Grocery Market to get doubled from 2022 to 2027F by reaching ~USD 9 billion; owning to advancement of technology, high internet penetration rate and government initiatives: Ken Research
GURUGRAM, In the, December 14, 2022 /PRNewswire/ — Brazil fast trading market is in the growing stage, is driven by the fast delivery, advancement of technology, high internet penetration rate, comfortable working environment and government policy. There are several players in the Brazil Quick Commerce market, some of which are iFood, Rappi, Uber Eats, 99 Foods, James Delivery, etc.
The market is expected to grow due to the increased awareness, penetration and consumption of internet and smartphones among the population post pandemic.
The revenue of food delivery apps is expected to increase due to the use of new advanced technology such as AI and ML, and other multiple solutions.
Time, speed and convenience are expected to be the demand drivers for the food delivery services in the future.
Use of AI algorithms: Q-Commerce industry is based on technology and continues to evolve using modern methods for better user experiences. Digitization has been a breakthrough for the industry. Algorithms along with AI and ML are used to improve the decision making process, scalability and multiple order routing deliveries. For example, using drone delivery with AI algorithms will provide an on-demand delivery alternative for fast-paced commerce that is faster, cost-effective and more sustainable.
Internet penetration and smartphone use: With increasing internet penetration and use of smartphones, more and more people have access to the services such as digital payments provided by customers, which facilitates ease and convenience and also increases the retention rate of customers. Along with this, the internet penetration in smaller areas will drastically increase the demand and use of such services.
Convenient and fast delivery: The Quick Commerce Industry has lately been competing on the feature of ultra-fast delivery, with companies providing services in the shortest possible period of time. This has brought the transition from delivery in 1-2 days to same day delivery to now delivery in less than 1 hour. For example, companies like iFood Mercado, Rappi try to deliver their order in less than 1 hour.
Analysts at Know Research in their latest publication “Brazil Fast Trade – Market Outlook to 2027F” – Driven by the increasing digital adoption and internet penetration since the global covid-19 pandemic“ by Ken Research presents a comprehensive analysis of the potential of Quick Commerce Market Brazil. The rapid adoption of digital tools in the daily lives of consumers has been accelerated by the pandemic and the push in online shopping, the Quick Commerce market is expected to grow at a CAGR of 10.7% between 2022P and 2027E.
Key Segments Covered:-
Brazil Fast Trade Market (By Revenue) 2022P & 2027F
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Food delivery on demand:-
On Demand Grocery Delivery:-
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Key Target Audience:-
Global Food Delivery Partners
Global grocery delivery partners
E-commerce service providers
Door-to-door delivery service providers
Supply chain system providers
Financial service provider
Government bodies and regulatory authorities
Period captured in the report:-
Key topics covered in the report:-
Brazil quick trade market overview
Ecosystem of Brazil’s Fast Trade Market
Business Cycle and Genesis of Brazil’s Fast Trade Market
Export and Import Overview of Brazil Automotive Market
Industry Analysis of Brazil’s Fast Trade Market
SWOT Analysis of Brazil’s Fast Trade Market
Key drivers for growth in Market in Brazil
Major challenges and bottlenecks Brazil Fast trade market
Regulatory framework in Brazil Fast trade market
Competitive landscape in in Brazil Fast trade market
Market share of major car finance providers in Brazil Fast trade market
Detailed Analysis of Brazil’s Fast Trade Market (Market Size and Segmentation, 2018-2021P; Future Market Size and Segmentation, 2022-2027F)
Market Opportunity and Analyst Recommendations
For more insights on the market intelligence, refer to the link below:-
Brazil fast trading market
Related reports By Ken Research:-
Malaysia Quick Commerce Market Outlook to 2026F – Driven by growing technological adoption and infrastructure development
The Malaysian Quick Commerce market is in a growing stage, with ~15-20 players competing in the market, and has seen significant competition in terms of the emergence of various companies and is expected to grow at a CAGR of 6.0% between 2022P and 2027F , mainly due to the high internet penetration, the rise of dual-income families, change in the consumer behavior after pandemic, increasing interest in seamless transactions, unplanned and last-minute orders and busy lifestyles.
Saudi Arabia Fast Trade Market Outlook to 2026F – Increasing demand for fast deliveries, rising internet penetration rate and changing lifestyle to drive the Saudi Arabian Fast Trade Market in the near future
The Saudi Arabia Quick Commerce market is in a growing stage, with ~15-20 players competing in the market, and has seen significant competition in terms of the emergence of various companies and is expected to grow with a CAGR in double digits between 2021 and 2026F, mainly due to the high internet penetration, rise of dual income families, change in the consumer behavior post pandemic, increasing interest for seamless transactions, unplanned and last minute orders and busy lifestyle.
India Fast Trade Market Outlook to FY’27F – Driven by Increasing Demand for Faster Delivery and Convenience and Shift in Customer Behavior to Unplanned Purchases
Quick Commerce offers the convenience of the fastest possible delivery of groceries and other consumables. A significant increase in the replenishment and unplanned purchases has been observed, especially in metro and tier-I cities, which has fueled the growth of the rapid trading industry in In the. The fast trading industry is currently positioned in the early growth stage and is expected to exhibit a CAGR of close to 27% between FY’22 and FY’27F. Increasing willingness of the consumers to pay premium for fast deliveries, changing shopping habits towards more frequent unplanned and replenishment purchases has led to the growth of the fast trade market in In the.
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Ankur GuptaDirector Strategy and Growth
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SOURCE Ken Research