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Mexico Foodservice Market to 2028

Publisher GlobalData
Published Mar 18, 2024
Length 92 Pages
SKU # GBDT18666041

Description

Mexico Foodservice Market to 2028


Summary

“Mexico – The Future of Foodservice to 2028” published by GlobalData provides extensive insight and analysis of the Mexican Foodservice market over the next five years (2023–28) and acts as a vital point of reference for operators or suppliers.

The Mexican foodservice profit sector generated total revenue of MXN1.7 trillion ($84 billion) in 2023, recording a compound annual growth rate (CAGR) of 2.7% from MXN1.5 trillion ($79 billion) in 2018. However, the number of transactions declined at a negative CAGR of 0.03%. The number of outlets recorded a CAGR of 1.9% during 2018–23. QSR led the foodservice profit sector in 2023, accounting for 38% of total sales.

The foodservice profit sector is expected to reach MXN2.6 trillion ($116 billion) in 2028, registering a strong CAGR of 8.1% during 2023–28, while the number of transactions will achieve a CAGR of 4.6%.

The report includes:
  • Overview of Mexico's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Mexico 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, and coffee & tea shop) within the Mexico 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 Mexico population.
  • Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Scope

In 2023, Mexico recorded annual nominal GDP per capita growth of 8.6% due to strong investment and private consumption. The construction, service, and auto production sectors performed well, which helped boost the economy.

The working-age population (aged 15–64) accounted for 68.2% of the total population in 2023. Moreover, the proportion of the working-age population is expected to rise to 69.4% by 2028. As of 2023, 23.8% of the population were under 15 years, while 8% were aged 65 years and above. The share of the young-age population (0–14) will decline to 21.4% by 2028.

The unemployment rate was recorded at 2.9% in 2023. It is expected to increase to 3.5% in 2028. The labor force participation rate stood at 49.8% for women and 81.5% for men in 2023. The tertiary sector had the highest proportion of employment in 2023, with 62.1%, followed by the secondary sector with 25.7%.

Reasons to Buy

Specific forecasts of the foodservice market over the next five years (2023–28) 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, and coffee & tea shop) will allow readers understand the wants and needs of their target demographics.

Table of Contents

92 Pages
Introduction
Report Guide
Executive Summary
Macroeconomic Context
Macroeconomic Overview
Trends Landscape
Profit Sector – Consumer Behavior
Profit Sector Metrics
Key Metric Highlights
Value Share and Growth by Channel
Outlets and Transactions Growth by Channel
Operator Buying Volumes and Growth by Channel
Channel Historic and Future Growth Dynamics
Outlet-Type and Owner-Type Growth Dynamics
Quick-Service Restaurant (QSR)
Summary & Key Points
Metrics
Key Players
Who?
Why?
What?
Where?
What Next?
Full-Service Restaurant (FSR)
Summary & Key Points
Metrics
Who?
Why?
What?
Where?
What Next?
Coffee & Tea Shop
Summary & Key Points
Metrics
Key Players
Who?
Why?
What?
Where?
What Next?
Cost Sector Metrics
Cost Operator Trends – Historic and Future Growth
Data and Channel Share Breakdown
Appendix
How Do Licenses Work?
Request A Sample
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