Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The Brazil retail market size was valued at USD 219.24 billion in 2023. The market is further projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of USD 351.27 billion by 2032.
Brazil Retail Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 510.0 |
Market Size 2032 | USD Billion | 913.3 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 6.9% |
CAGR 2024-2032 - Market by Region | Minas Gerais | 7.6% |
CAGR 2024-2032 - Market by Type | Personal and Household Care | 7.5% |
CAGR 2024-2032 - Market by Application | E-Commerce | 17.8% |
Market Share by Country 2023 | São Paulo | 30.2% |
One of the primary drivers of Brazil retail market growth is the continued recovery of the economy from the COVID-19 pandemic. According to the National Statistics Institute, the economy grew by 6.1% in 2021, after contracting by 8.8% in 2020.
The retail and consumer sector in Brazil is a significant contributor to the country's economy, accounting for nearly 20% of the country's gross domestic product. The sector is also one of the largest employers in Brazil, with over 130,000 employees in the automotive industry alone. The market is also witnessing the growth of food/drink/tobacco specialists, pet shops and superstores, pharmacies, and jewellery and watch specialists, with companies such as Cacau Show experiencing strong expansion in the number of stores in 2023.
The growth of the commercial real estate market is also expected to contribute to the expansion of the Brazil retail market share. This growth is expected to be driven by increasing demand for commercial spaces, particularly in the retail sector, as businesses look to expand their operations and reach new customers.
The retail sales growth in December 2023 was 2.9% year-over-year, showing a positive trend. In Brazil, major retailers like Grupo Pão de Açúcar (GPA) and Carrefour Brasil offer a wide range of products including fresh produce, packaged goods, and beverages. Companies like Natura &Co and Unilever offer a variety of personal care products, cosmetics, and household cleaning items to meet the daily needs of consumers. Retailers like Lojas Renner and C&A offer a wide range of clothing, shoes, and accessories for men, women, and children, catering to different fashion styles. Retailers such as Leroy Merlin and Casas Bahia offer a range of industrial equipment, tools, automotive parts, and accessories.
Brazil Retail Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
CAGR 2024-2032 - Market by | Type |
Personal and Household Care | 7.5% |
Food, Beverage, and Grocery | 7.3% |
Apparel, Footwear, and Accessories | XX% |
Furniture and Home Décor | XX% |
Others | XX% |
Market Breakup by Sector
Market Breakup by Distribution Channel
CAGR 2024-2032 - Market by | Application |
E-Commerce | 17.8% |
Convenience Stores | 3.8% |
Hypermarket and Supermarket | XX% |
Specialty Stores | XX% |
Others | XX% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Minas Gerais | 7.6% |
Rio Grande do Sul | 7.3% |
Rio de Janeiro | 7.1% |
São Paulo | XX% |
Bahia | XX% |
Others | XX% |
Market Share by Region | Region |
São Paulo | 30% |
Minas Gerais | XX% |
Rio de Janeiro | XX% |
Bahia | XX% |
Market players are investing in research and development, introducing new products, forming strategic partnerships, and engaging in promotional activities to gain a competitive edge.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Product |
|
Breakup by Sector |
|
Breakup by Distribution Channel |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market reached an approximate value of USD 219.24 billion.
The market is expected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 351.27 billion by 2032.
The market is being driven due to the growth of e-commerce and growing commercial real estate.
Key trends aiding the market expansion include growth of food/drink/tobacco specialists, pet shops and superstores, pharmacies, and jewellery and watch specialists.
Regions considered in the market are São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul.
Different retail sectors in the market are organised and unorganised.
Based on product, the market segmentations include food, beverage, and grocery, personal and household care, apparel, footwear, and accessories, furniture and home decor, industrial and automotive, electronics and household appliances, and pharmaceuticals, among others.
Key players in the market are Walmart Inc., Grupo Carrefour Brasil, GPA, Magazine Luiza S.A, Grupo Casas Bahia SA, Amazon.com, Inc., Lojas Renner SA, ATACADÃO S.A., Americanas S.A., and Grupo Mateus SA, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
Share