Mexico Grocery Market Size to Grow by $113.85 Billion | Growing demand for convenience food as a growth driver

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Mexican Food Market: Driver

That growing demand for ready meals drives the growth of the Mexican food market. Rapid urbanization has increased disposable income worldwide. As a result, there is an increasing demand for convenience and easy-to-prepare foods, including Mexican cuisine. The popularity of Mexican food is increasing in many developed and developing countries as on-the-go foods are widely favored by working people. Therefore, the growing demand for ready meals is encouraging the suppliers to expand their Mexican food offerings, which is driving the growth of the global Mexican food market.

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Mexican Food Market: Vendor Analysis

Mexico Food Market Report provides information on several market vendors including Chick-fil-A Inc., Chipotle Mexican Grill Inc., Del Taco Restaurants Inc., El Meson Sandwiches, Food Concepts International, Gruma SAB de CV, Grupo Bimbo SAB de CV, MTY Food Group Inc., Pappas Restaurants Inc. and YUM Brands Inc. among others. The key offerings from some providers are listed below:

  • Chick-fil-A Inc. – The company offers Mexican food like Pineapple Chicken Tacos and others.
  • Chipotle Mexican Grill Inc. – The company offers a wide variety of Mexican foods like burritos, salads, and more.
  • Del Taco Restaurants Inc. – The company offers Mexican food like fiesta packs, salads and others.
  • El Meson Sandwiches – The company offers Mexican food like sandwiches and others.
  • Food Concepts International – The company offers authentic Mexican cuisine such as seasonal, vegetarian, gluten-sensitive and others.

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Mexican Food Market: Segmentation Analysis

By type, the market has been segmented into tortillas, tacos, burritos, enchiladas, and others. That tortilla segment will witness significant market share growth during the forecast period. The segment is driven by rising per capita consumption in developed countries North America and Europe. As taste preferences vary from region to region, global marketers have introduced new products.

The market has been geographically segmented into North America, EuropeAPAC, South Americaand MEA. North America will account for 58% of the market growth during the forecast period. The growth will be driven by the increasing popularity of Mexican cuisine among consumers North America. These factors, in turn, will drive the growth of the Mexican food market North America during the forecast period.

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Scope of the Mexican food market

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with a CAGR of 6.65%

Market growth 2022-2026

$113.85 billion

market structure

fragmented

YoY Growth (%)

6.11

Regional Analysis

North America, Europe, APAC, South America and MEA

make a market contribution

North America at 58%

Important consumer countries

USA, Canada, Norway, Finland and France

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

Important companies in profile

Chick-fil-A Inc., Chipotle Mexican Grill Inc., Del Taco Restaurants Inc., El Meson Sandwiches, Food Concepts International, Gruma SAB de CV, Grupo Bimbo SAB de CV, MTY Food Group Inc., Pappas Restaurants Inc., and YUM Brands Inc.

market dynamics

Root Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis, and Future Consumer Dynamics, and Market Condition Analysis for the Forecast Period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Table of Contents
summary
market landscape

  • market ecosystem
  • Analysis of the value chain

market size

  • market definition
  • Market Segment Analysis
  • Market size 2021
  • Market Outlook: Forecast for 2021 – 2026

Five Forces Analysis

  • bargaining power of buyers
  • bargaining power of suppliers
  • Threat of new entrants
  • Danger from substitutes
  • threat of rivalry
  • market condition

Market segmentation by type

  • market segments
  • Comparison by type
  • Tortillas – Market Size and Forecast 2021-2026
  • Tacos – Market Size and Forecast 2021-2026
  • Burritos – Market Size and Forecast 2021-2026
  • Enchiladas – Market Size and Forecast 2021-2026
  • Others – Market Size and Forecast 2021-2026
  • Market Opportunities by Type

customer landscape

geographic landscape

  • Geographic Segmentation
  • Geographical comparison
  • North America – Market size and forecast 2021-2026
  • Europe – Market size and forecast 2021-2026
  • APAC – Market Size and Forecast 2021-2026
  • South America – Market size and forecast 2021-2026
  • MEA – Market Size and Forecast 2021-2026
  • Important Leading Countries
  • Market Opportunities by Geography
  • market leader
  • market challenges
  • market trends

provider landscape

  • provider landscape
  • disturbance of the landscape

Vendor Analysis

  • providers covered
  • Market positioning of providers
  • Chick-fil-A Inc.
  • Chipotle Mexican Grill Inc.
  • Del Taco Restaurants Inc.
  • El Meson sandwiches
  • Food Concepts International
  • Gruma SAB de CV
  • Grupo Bimbo SAB de CV
  • MTY Food Group Inc.
  • Pappa’s Restaurants Inc.
  • Yum Brands Inc.

Appendix

  • scope of the report
  • Currency conversion rates for US$
  • research methodology
  • List of abbreviations

About Technavio

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

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SOURCE Technavio

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