How 18 Retail Media Networks Stack Up Among Ad Buyers in Latin America.
Retail media is quickly becoming an integral part of ad buyers’ digital advertising strategies in Latin America. Our first-ever regional survey delves into retail media’s emerging role as a leading marketing touchpoint and advertising destination, the key players in Latin America, and how the regional landscape will evolve over the next 12 months.
KEY STAT: More than half of ad buyers in Latin America said they will use retail media networks to place digital ads in the next 12 months. Mercado Libre and Amazon stand to benefit the most thanks to their robust advertising solutions and greater brand awareness among regional ad buyers.
Summary
As the need to prioritize revenue-generating activities intensifies, retail media is quickly becoming a force to reckon with in Latin America’s advertising ecosystem.
- Social rules, but retail media’s influence is rising in Latin America. The latter now competes with social media and traditional search engines for attention among advertisers. Positive results from previous retail media campaigns may drive increased spending over the next 12 months.
- Mercado Libre and Amazon are fueling retail media’s fire. In our survey, Amazon had the greatest brand recognition, but Mercado Libre was favored most by ad buyers. Local players like Magazine Luiza and Americanas S.A. are gaining ground in Brazil, while Rappi competes with Mercado Libre and Amazon in Colombia. New players will emerge, but Mercado Libre remains well-positioned to lead the region’s retail media market.
Credit: https://www.insiderintelligence.com/content/latin-america-marketing-retail-media-trends-survey-2023