Mexico Retail Market Size by Sector and Channel Including Online Retail, Key Players and Forecast to 2027
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Mexico Retail Market Report Overview
The Mexico retail market size was MXN 7,779 billion in 2022. The market is expected to grow at a CAGR of more than 6% during 2022-2027. The Mexico retail market research report provides both historic and forecast market data for total retail sales in Mexico.
Mexico Retail Market Outlook 2022 – 2027 (MXN Billion)
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It illustrates the data with charts, graphs, and tables, summarizing the value trends, with individual sector details in overall retail. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.
Market Size (2022) | MXN 7,779 billion |
CAGR (2022-2027) | >6% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Sectors | · Food & Grocery
· Clothing & Footwear · Home · Electricals · Health & Beauty |
Key Distribution Channels | · Convenience Stores (Including Independents) and Gas Stations
· Hypermarkets, Supermarkets & Hard Discounters · Online · Food and Drinks Specialists · Department Stores |
Leading Retailers | · Coppel
· Liverpool · Bodega Aurrera · Oxxo · Steren |
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Mexico Retail Market Segmentation by Sectors
The key sectors in the Mexico retail market are food & grocery, clothing & footwear, home, electricals, health & beauty, among others. Food & grocery had the highest value share in 2022 and will account for the highest growth rate during the forecast period as well.
Mexico Retail Market Analysis by Sectors, 2022 (%)
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Mexico Retail Market Segmentation by Distribution Channels
Some of the key distribution channels in the Mexico retail market are convenience stores (including independents) and gas stations, hypermarkets, supermarkets & hard discounters, online, food and drinks specialists, department stores, drug stores and health & beauty stores, home improvement and gardening supplies specialists, and cash and carry and warehouse clubs. Convenience stores (including independents) and gas stations had the highest value share in 2022.
Mexico Retail Market Analysis by Distribution Channels, 2022 (%)
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Mexico Retail Market - Competitive Landscape
The leading retailers in the Mexican retail market are Coppel, Liverpool, Bodega Aurrera, Oxxo, Steren, Amazon, Farmacias Similares, Farmacias del Ahorro, Home Depot, and Sam’s Club among others.
Mexico Retail Market Analysis by Retailers, 2022
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Segments Covered in the Report
Mexico Retail Market Sectors Outlook (Value, MXN Billion, 2017-2027)
- Food & Grocery
- Clothing & Footwear
- Home
- Electricals
- Health & Beauty
Mexico Retail Market Distribution Channels Outlook (Value, MXN Billion, 2017-2027)
- Convenience Stores (Including Independents) and Gas Stations
- Hypermarkets, Supermarkets & Hard Discounters
- Online
- Food and Drinks Specialists
- Department Stores
- Drug Stores and Health & Beauty Stores
- Home Improvement and Gardening Supplies Specialists
- Cash and Carry and Warehouse Clubs
Key Highlights
- Hypermarkets & supermarkets and food & grocery are growing in share, but online penetration is still very low.
- Inflation and cost of living are benefiting value retailers and online penetration is increasing rapidly post-pandemic.
Reasons to Buy
- Gain a comprehensive view of the Mexico retail industry and forecasts to 2027
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market
- Investigate current and forecast trends in the Mexico retail sectors to identify the opportunities offering the most potential
- Understand who the main competitors are in the sectors and their price positioning
Liverpool
Suburbia
Zara
Sears
Shein
H&M
Nike
Innova Sport
Amazon
Table of Contents
Frequently asked questions
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What was the Mexico retail market size in 2022?
The retail market size in Mexico was MXN 7,779 billion in 2022.
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What is the Mexico retail market growth rate?
The retail market in Mexico is expected to grow at a CAGR of more than 6% during 2022-2027.
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Which was the leading sector in the Mexico retail market in 2022?
Food & grocery was the leading sector in the Mexico retail market in 2022.
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Which was the leading distribution channel in the Mexico retail market in 2022?
Convenience stores (including independents) and gas stations was the leading distribution channel in the Mexico retail market in 2022.
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Which are the leading retailers in the Mexico retail market?
Some of the leading retailers in the Mexican retail market are Coppel, Liverpool, Bodega Aurrera, Oxxo, Steren, Amazon, Farmacias Similares, Farmacias del Ahorro, Home Depot, and Sam’s Club.
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