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Mexico’s retail sector remains a dynamic industry with sales reaching $78.4 billion in 2023. Although the majority of consumers still turn to traditional markets, modern chains like Walmart and Soriana continue to attract middle and high-income consumers.

Vietnam’s food retail market consisted of over 665,000 outlets generating sale revenue of $55 billion in 2023, up four percent compared to 2022. Although the global economic downturn has slowed growth, key retailers remain optimistic about the potential of Vietnam's retail market.

The five biggest corporations, Shoprite Holdings Ltd., Pick n Pay Retailers Pty Ltd., Spar Group Ltd., Walmart-owned Massmart, and Woolworths Holdings Ltd., account for a substantial portion of the retail food market in South Africa. When combined, they make up over 60% of all retail food sales.

Consumer trends in Nicaragua are shifting towards modern retail channels as remittance flows increase. Supermarkets are expanding rapidly, with one grocery store chain opening eight new locations in 2024.

Israel is a net importer of all major categories of food products. The Israeli food retail sector was estimated to be $20.7 billion in 2023, and during the same year, Israel imported around $4.96 million of consumer-oriented products.

On September 19, 2024, the Government of Egypt filed an eighth addendum to the World Trade Organization's (WTO’s) Committee on Technical Barriers to Trade (TBT) -- G/TBT/N/EGY/313/Add.8 -- informing interested parties that the time period during which imported milk and dairy products that are not accompanied by a Halal certificate will be permitted to enter Egypt has been extended until December 31, 2025.

The Spanish retail sector is experiencing a 2024 with good prospects despite still facing elements of uncertainty. Consumers, having emerged from the latest inflationary crisis, have become more rational in their purchasing decisions, and are prioritizing price to control expenditure.

Ghana’s modern retail outlets are in the country’s large urban centers, where the major shopping malls are located. Beyond the capital city of Accra and the regional capitals, retail stores tend to be smaller. The retail sector is dominated by small local grocers, who control 83 percent of the market.

This report provides an overview of Italy’s retail food market, outlines market trends, and identifies opportunities for product growth.

The Brazilian economy grew 2.9 percent, largely supported by household consumption, which improved by 3.1 percent in 2023. Low unemployment (7.9%) and inflation (4.6%) were two major drivers for this outcome.

In 2023, the Chilean retail food industry witnessed a moderate recovery, with total sales reaching approximately $28.5 billion, a 2.3 percent increase over 2022. The Chilean retail sector is made up of large supermarkets, mid-sized grocery stores, convenience stores, and thousands of smaller independent mom-and-pop shops.

In the Caribbean region, sales value in the retail grocery sector increased by 3 percent in 2023. This is due in part to the rise in tourism in many markets, which is boosting economic growth. The largest grocery retail markets are Trinidad and Tobago, Guadeloupe, and the Bahamas.