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, India, Dec. 14, 2022 /PRNewswire/ -- Brazil Quick Commerce Market is in the growing stage, being driven by the quick delivery, advancement of technology, high internet penetration rate, comfortable working environment and government policies. 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 & consumption of internet and smart phones among the population post pandemic.
- The Food Delivery Apps revenue is expected to increase due to the use of new advance technology like AI & ML, and other multiple solutions.
- Time, Speed and Comfort are expected to be the demand-driving forces for the food delivery services in future.
Use of AI algorithms: Q-Commerce industry is based on technology and keeps evolving using modern methods for better user experiences. Digitalization was a breakthrough for the industry. Algorithms coupled with AI & ML are being used to improve the decision-making process, scalability and multiple order route deliveries. For Instance, use of Drone delivery clubbed with AI algorithms will provides an on-demand delivery alternative for quick-commerce that is faster, cost-efficient and more sustainable.
Internet Penetration & Smartphone Usage: With increasing internet penetration and usage of smartphones, more and more people have access to the services like digital payments which provided customers, easing comfort and convenience and it also increases the retention rate of customers. Along with this, the internet penetration in smaller areas will drastically increase the demand and usage of such services.
Convenient & Quick Delivery: The Quick Commerce Industry has been competing on the feature of ultra-fast delivery lately, with companies providing services in the shortest period of time possible. This has brought the transition from delivery in 1-2 days to delivery on the same day to now delivering in less than 1 hour. For Instance, companies like iFood Mercado, Rappi are trying to delivery their order in less than 1 hour.
Analysts at Ken Research in their latest publication- "Brazil Quick Commerce– Market Outlook to 2027F"- Driven by the increasing digital adoption and internet penetration since the global covid-19 pandemic" by Ken Research provides a comprehensive analysis of the potential of Quick Commerce Market in Brazil. The rapid adoption of digital tools in the daily lives of consumers has been accelerated by the pandemic and push in online shopping, the Quick Commerce market is expected to grow at a CAGR of 10.7% in between 2022P and 2027E.
Key Segments Covered:-
Brazil Quick Commerce Market (by Revenue) 2022P & 2027F
- By Service Type
- On demand food delivery
- On demand grocery delivery
- By Delivery Time Period (by Revenue) 2022P & 2027F
- within 10 minutes
- within 15-20 minutes
- within 35-40 minutes
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By On-Demand Food Delivery:-
- By Platform Type (by Revenue) 2022P & 2027F
- Food Delivery Apps
- By Platform Type (by Revenue) 2022P & 2027F
- Restaurant-to-Consumer
- Platform-to-Consumer
On-Demand Grocery Delivery:-
- By Business Model Type (by Revenue) 2022P & 2027F
- E-Commerce Platforms
- Brick & Motor Stores
- Delivery Apps
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Key Target Audience:-
- Global Food Delivery Partners
- Global Grocery Delivery Partners
- E-Commerce Retailers
- E-Commerce Service Providers
- Door To Door Delivery Service Providers
- Supply Chain System Providers
- Financial Service Provider
- NBFCs
- Venture Capitals
- Fin-Tech Companies
- Government Bodies & Regulating Authorities
Time Period Captured in the Report:-
- Historical Year: 2018-2021
- Base Year: 2022P
- Forecast Period: 2022F– 2027F
Companies Covered:-
- Ifood
- Uber Eats (Conershop)
- Rappi & Rappi Turbo
- Others (Daki, James's delivery)
Key Topics Covered in the Report:-
- Brazil Quick Commerce Market Overview
- Ecosystem of Brazil Quick Commerce Market
- Business Cycle and Genesis of Brazil Quick Commerce Market
- Export and Import Overview of Brazil Automotive market
- Industry Analysis of Brazil Quick Commerce Market
- SWOT Analysis of Brazil Quick Commerce Market
- Key Growth Drivers in Market in Brazil
- Major Challenges and Bottlenecks in Brazil Quick Commerce Market
- Regulatory Framework in Brazil Quick Commerce Market
- Competitive Landscape in in Brazil Quick Commerce Market
- Market Share of Major Auto Finance Providers in Brazil Quick Commerce Market
- Detailed Analysis on Brazil Quick Commerce 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:-
Related Reports By Ken Research:-
The Malaysia Quick Commerce market is at a growing stage, with ~15-20 players competing in the market, and has witnessed a significant competition in terms of emergence of various companies and is expected to grow with a CAGR of 6.0% between 2022P and 2027F, mainly because of the high internet penetration, emergence of dual income families, change in the consumer behavior post pandemic, increasing interest towards seamless transaction, unplanned and last-minute ordering and busy lifestyle.
The Saudi Arabia Quick Commerce market is at a growing stage, with ~15-20 players competing in the market, and has witnessed a significant competition in terms of emergence of various companies and is expected to grow with a CAGR in double digits between 2021 and 2026F, mainly because of the high internet penetration, emergence of dual income families, change in the consumer behavior post pandemic, increasing interest towards seamless transaction, unplanned and last minute ordering and busy lifestyle.
Quick Commerce provides the convenience of fastest possible doorstep delivery of groceries and other consumables. There has been observed a significant increase in the Top-up and Unplanned purchases, particularly in Metro and Tier I cities which is facilitating the growth of the quick commerce industry in India. The Quick Commerce Industry is currently positioned in the Early Growing Stage and is anticipated to showcase a CAGR close to 27% between FY'22 and FY'27F. Increasing Willingness of the consumers to pay premium for quick deliveries, changing shopping habits towards more frequent unplanned & top-up purchases has led to the growth of the quick commerce market in India.
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