Soccer Merchandise - Brazil

Brazil

Highlights

Revenue in the Soccer Merchandise market is projected to reach US$139.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.53%, resulting in a projected market volume of US$150.30m by 2029.
In global comparison, most revenue will be generated United States (US$1.38bn in 2024).
The average revenue per user (ARPU) in the Soccer Merchandise market is projected to amount to US$4.56 in 2024.
In the Soccer Merchandise market, the number of users is expected to amount to 32.4m users by 2029.
User penetration in the Soccer Merchandise market will be at 14.0% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Merchandise Market in Brazil is facing negligible growth due to factors such as low consumer interest, limited access to online shopping, and lack of innovation in product offerings. Despite being a significant part of the larger Sports Market, the growth rate remains stagnant at the moment.

Customer preferences: With the growing popularity of soccer in Brazil, the Soccer Merchandise Market of the Soccer Market within the Sports Market has seen a significant increase in demand for customized team merchandise. Fans are now looking for unique and personalized products that showcase their passion and loyalty for their favorite teams. This trend is further fueled by changing consumer preferences and the rise of social media, where fans want to display their team allegiance online. As a result, brands and retailers are investing in digital platforms and virtual events to engage with fans and offer personalized merchandise options. This shift towards digitalization in the soccer merchandise market is also influenced by the younger generations tech-savvy behavior and the need for contactless shopping experiences.

Trends in the market: In Brazil, the Soccer Merchandise Market is seeing a rise in online sales and e-commerce platforms, with consumers increasingly turning to digital channels for purchasing soccer merchandise. This trend is driven by the growing popularity of online shopping and the convenience it offers, as well as the availability of a wider range of products and competitive prices. As a result, traditional brick-and-mortar stores are facing increased competition and are being forced to adapt their strategies to remain relevant. Additionally, with the upcoming major soccer events such as the World Cup and Copa America, the demand for merchandise is expected to increase even further. This trend not only benefits retailers, but also presents opportunities for manufacturers and suppliers to expand their reach and cater to a larger consumer base.

Local special circumstances: In Brazil, the Soccer Merchandise Market is heavily influenced by the countrys love and passion for the sport. Soccer is deeply ingrained in the culture and plays a significant role in shaping national identity. This strong connection with the game has led to a vibrant market for soccer merchandise, with demand driven not just by local fans but also by tourists and international fans. Additionally, the countrys warm climate and active outdoor lifestyle make it a perfect market for soccer-related apparel and gear. Brazils regulatory environment, which is often criticized for being complex and bureaucratic, also presents unique challenges for businesses operating in the Soccer Merchandise Market.

Underlying macroeconomic factors: The Soccer Merchandise Market within the Sports Market in Brazil is greatly affected by macroeconomic factors, including the countrys economic health, fiscal policies, and global economic trends. Brazils strong economic growth in recent years has led to an increase in disposable income, resulting in higher consumer spending on sports merchandise, including soccer-related products. Furthermore, the governments efforts to boost tourism and promote Brazil as a top sports destination for major international events, such as the FIFA World Cup and Olympic Games, have further bolstered the market. Additionally, Brazils growing middle class and increasing urbanization have also contributed to the popularity of soccer and its associated merchandise, driving market growth.

Data coverage:

The data encompasses B2C revenues. Figures are based on merchandise spending. All monetary figures refer to consumer spending on goods in the respective segment, which can be online and offline.

Modeling approach / Market size:

Market sizes are determined through a combination of bottom-up and top-down approaches, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per ticket, price on sport goods). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function or linear forecasting, as it fits the development of either strong growing markets or more sophistacted and saturated markets, such as soccer in Europe.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). We also account for the different cycles of international tournaments, such as world cups or continent cups. Consumer Insights data is reweighted for representativeness.