Mexico - The Future of Foodservice to 2027

“Mexico Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” provides extensive insight and analysis of the Mexican Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

In Mexico in 2022, nominal GDP per capita growth was recorded as 9.2%. According to the Statistics Agency of Mexico, the economy grew by 3% in the year. The industrial sector posted the highest growth at 3.2%, followed by the agricultural sector at 3% and the service sector at 2.7%. The Mexican foodservice profit sector generated total revenue of MXN1.4 trillion ($69.5 billion) in 2022, contracting at a negative CAGR of 1% from MXN1.5 trillion ($77.8 billion) in 2017. Furthermore, the number of transactions declined at a negative CAGR of 2.7%, while the number of outlets fell at a negative CAGR of 0.2%, during 2017-22. FSR led the foodservice profit sector in 2022, accounting for 44.3% of total sales. The foodservice profit sector is expected to reach MXN2.3 trillion ($104.8 billion) in 2027, from registering a strong CAGR of 10.2% during 2022-27, while the number of transactions will achieve a CAGR of 6.2%.

The report includes -

• Overview of Mexico's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Mexican foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Mexican foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Mexican population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• The Mexican foodservice profit sector generated total revenue of MXN1.4 trillion ($69.5 billion) in 2022, contracting at a negative CAGR of 1% from MXN1.5 trillion ($77.8 billion) in 2017. FSR led the foodservice profit sector in 2022 and accounted for 44.3% of total sales in 2022. QSR was the second-largest channel in the foodservice profit sector in 2022, accounting for a 31.9% share of total sales. The channel recorded value sales of MXN446.2 billion ($22.2 billion) in 2022, exhibiting a CAGR of 1.1% over 2017-22. However, the number of transactions declined at a negative CAGR of 0.6% during the same period. Italian and pizza & pasta was the most preferred cuisine type in Mexico’s FSR channel in 2022, accounting for 12.8% of total value sales. In 2022, the coffee & tea shop channel was valued at MXN15.2 billion ($756 million). Over 2017-22, the channel’s value declined at a negative CAGR of 4.3%. The decrease can be attributed to COVID-19 restrictions and less tourism during the COVID-19 pandemic. Education was the largest cost sector channel in 2022.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.