Main supermarkets & food retailers in Brazil 2023, by sales value

Carrefour Comércio e Indústria Ltda. was the leading supermarket and food retail store in Brazil in 2023, with an annual gross revenue of approximately 116 billion Brazilian reals. Assaí Atacadista followed behind Carrefour, in the second position.

Growth of Carrefour in Brazil

Since founding its first Brazilian hypermarket in São Paolo in 1975, the French multinational corporation Carrefour has made Brazil one of its major focus countries. Carrefour's gross revenue in Brazil has been increasing at a robust pace over the past decade, boosted by the 2007 purchase of the wholesale Brazilian hypermarket chain Atacadão.

Merging with the competition

Together, Carrefour and Atacadão are the largest companies in Brazil's retail sector, based on annual net revenue. Carrefour came even closer to a monopoly when the company attempted to purchase its largest competitor, Grupo Pão de Açúcar (GPA). However, the negotiations were ultimately dropped, after facing significant public and political resistance, as well as the rejection of GPA's co-owner Casino — a French multinational retail conglomerate in competition with Carrefour.