Consumer Lifestyles in Mexico
Consumer Lifestyles offers valuable insights into key consumer attitudes and current thinking, and their impact on purchasing and consumption habits; quantifying behaviours, preferences and motivations and aligning them with broader trends in Mexico.
Euromonitor's Consumer Lifestyles in Mexico report analyses factors influencing national consumer expenditure. Consumer lifestyles reports include coverage of: population, urban development, home ownership, household profiles, labour, income, consumer and family expenditure, health, education, eating habits, drinking habits, shopping habits, personal grooming, clothing, leisure habits, savings and investments, media, communication, transport and travel and tourism. Use this report to understand the factors influencing a nation's lifestyle choices.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Consumer Overview market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
- Scope
- Consumer landscape in Mexico 2022
- Life priorities
- Although Mexicans have strong family ties, over half prioritise “me time”
- Gen Z are more focused on time for their favourite activities
- Consumers look for experiences that are tailored to their tastes
- Millennials like to be distinct from others as well as wanting curated experiences
- Trying new products and services valued by over 70% of consumers
- Millennials like to try new products and services but will do their research first
- Home life
- Homes are a hub of activity especially with the addition of home working
- All generations regularly connect with friends and family virtually
- Homes with an outside space to enjoy most important to Mexican consumers
- Eating habits
- Mexicans mostly enjoy home-cooked food
- Higher than average share of consumers like to eat food that supports local communities
- Generation X adopting a more flexitarian diet
- Consumers enjoy snacking although nearly half have scheduled mealtimes
- Working life
- Work-life balance and job security most important work priorities
- Work-life balance most desirable work-related factor for younger cohorts
- High salaries more important for younger generations
- Workforce is looking for more flexible working arrangements, including working from home
- Gen Z want more flexibility and expect to work abroad in the future
- Leisure habits
- All generations regularly socialise with their friends online
- Over half of consumers go leisure shopping at least once a month
- Millennials are the most avid leisure shoppers and cinema-goers
- Millennials take the most domestic leisure trips
- Travellers look for destinations where they can relax with no extra costs
- Gen X select nature and outdoor activities when they go on holiday
- Health and wellness
- Mexicans use high levels of physical exercise to improve their health/wellbeing
- Over half of respondents say they walk or hike for exercise every week
- Millennials exercise by running nearly as much as walking every week
- Therapy or counselling not as widely used as the global average
- Younger cohorts are biggest users of sleep aids
- Sustainable living
- Mexican consumers have most faith in recyclable labels
- All cohorts are trying to have a more positive impact on the planet
- Most focus is on reducing use of plastics and using less water
- Nearly half of respondents say they are using sustainable packaging
- Consumers like to buy from brands that support their values
- Gen X more inclined to share their opinions on social media
- Shopping habits
- A high percentage of Mexican shoppers like to visit shopping malls
- Younger cohorts more likely to seek out personalised shopping experiences
- Friends and family have strongest influence on buying choices
- All cohorts are highly influenced by friend and family recommendations
- Subscription service users are most motivated by the convenience
- Younger cohorts use subscriptions services to try a variety of new products
- Shoppers most motivated to shop in-store to see and try and take home
- Baby Boomers shop in stores because they are in a convenient location/easy to access
- Gen X more inclined to shop online for best prices
- Spending habits
- Over a third of consumers expect to increase spending on their health and wellness
- Increasing savings is high up on consumers’ minds as prices rise
- Technology
- Nearly 60% actively manage their data sharing and privacy settings
- Millennials show stronger preference to communicate online
- Higher share of gaming system console ownership than global average
- A third of respondents own a smartwatch
- Frequency of most online activities higher than global average
- Millennials make most use of online health-related and medical sites
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