As of 2023, there were approximately 1.0895 million enterprises in the retail trade sector in Brazil, excluding motor vehicles and motorcycles. Forecasts show a slight decline over the subsequent years: 1.0831 million in 2024, decreasing steadily to 1.0579 million by 2028. This reflects a gradual drop in the number of enterprises, with a noticeable year-on-year contraction throughout the period. The five-year CAGR indicates a mild decline, highlighting persistent challenges for Brazilian retailers.
Future trends to watch include:
- Impact of economic policies on retail entrepreneurship.
- Adaptation to e-commerce and digital retailing.
- Shifts in consumer behavior and purchasing power.
- Regulatory changes affecting retail operations.
