Press release
Unmasking the Pain Points: Brazil's Quick Commerce Market Faces High Costs and Low Margins - Can it thrive against the Odds? : Ken Research
1. The number of internet users increase from 150 Mn to 160 Mn in 2021; ~14% of Brazil's Digital Market is used in online food delivery
About 81% of the population is consuming internet in 2021, compared to only 67.0% in 2018, reflecting a growth rate of 20.9% between the years.
Brazil had about 160 million Internet users in 2022, or 74.0% of the population aged ten or older.
The Brazil Digital Market is distributed between various sectors with Online Food Delivery comprising of 14.2% of total usage and 11.2% is used for Food & Personal Care means.
2. This was due to the imposition of lockdown by governing authorities that caused customers to adapt to online shopping which boosted Brazil's Quick Commerce Market
2.1 Moreover, Contrary to traditional shopping, Q-commerce services are available 24 hours a day, and higher availability of products
Request a Call with Expert to know more about the business model: https://www.kenresearch.com/book-a-discovery-call.php?Frmdetails=NTk2MTUx
3. The increasing usage of the Internet & latest technology in services among others have been driving the growth of the Quick Commerce market in Brazil
4. However, some major challenges like high Operating Costs coupled with the latest technology requirements and low margins are faced by players operating in the market
5. But still, with changes in consumer patterns and awareness of e-commerce services post covid 19 pandemic, the growth trend of the Brazil Quick Commerce market is only expected to rise in the future
To Know more about this Whitepaper, Visit this link:-
https://www.kenresearch.com/white-paper/brazil-quick-commerce-market.php
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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
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