Mexico Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

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Mexico Foodservice Market Report Overview

The Mexico foodservice profit sector recorded sales of MXN1.4 trillion ($69.5 billion) in 2022 and is forecast to record a CAGR of over 10% during 2022-2027. The growth can be attributed to the increase in tourist inflow. According to Mexico’s Tourism Minister Miguel Torruco, foreign tourist arrivals increased by 2.7%, reaching a total of 39.4 million in 2023.

Mexico Foodservice Profit Sector Outlook 2022-2027, (MXN Billion)

Mexico Foodservice Profit Sector Outlook 2022-2027, (MXN Billion)

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The Mexico foodservice market research report provides an in-depth evaluation of the foodservice market in the country, including an analysis of the key issues impacting the market, and the opportunities this presents for the sector participants. The report includes data and forecast of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Mexico foodservice market and gives an overview of market leaders within the four major channels.

Market Size (2022) MXN1.4 trillion ($69.5 billion)
CAGR (2022-2027) >10%
Historical Period 2017-2022
Forecast Period 2023-2027
Key Profit Sector Channels ·        FSR

·        QSR

·        Workplace

·        Accommodation

·        Pub, Club & Bar

Key Outlet Type ·        Dine-in

·        Takeout

Key Owner Type ·        Independent Operators

·        Chain Operators

Key Cost Sector Channels ·        Education

·        Healthcare

·        Military & Civil Defense

·        Welfare & Services

·        Complimentary Services

Key Companies ·        Domino’s Pizza

·        Restaurant Brands International

·        McDonald’s

·        Yum! Brands

·        Grupo Gigante

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Mexico Foodservice Market Trends

  • Revival of the market: After the removal of COVID-19 restrictions, dine-in occasions and social gatherings increased significantly in 2022.
  • Value for money: Consumers remain highly price-conscious and thus seek value-for-money offerings as they are struggling with rising prices.
  • Social Responsibility: Healthy offerings will drive foodservice sales in the profit sector, supported by consumers’ rising health-awareness. Operators must focus on including more nutritious food options.

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Mexico Foodservice Market Segmentation by Profit Sector Channels

The FSR was the largest profit sector channel in 2022 by value sales.

The key profit sector channels in the Mexico foodservice market are FSR, QSR, accommodation, leisure, pub, club & bar, and retail. The FSR was the leading profit sector channel in 2022. This could be attributed to the fact that Mexican consumers still prefer the traditional style of foodservice, which indicates that the market has been slow in adapting to the global trend for more casual and convenient dining experiences.

Mexico Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

Mexico Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

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Mexico Foodservice Market Segmentation by Cost Sector Channels

The key cost sector channels in the Mexico foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. In 2022, Education was the largest cost sector,  followed by healthcare, and military & civil defense.

Mexico Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

Mexico Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

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Mexico Foodservice Market – Competitive Landscape

Alsea SAB de CV was the largest FSR operator in the country.

The key foodservice companies in Mexico are:

  • Alsea SAB de CV
  • Restaurant Brand International
  • McDonald’s
  • Yum! Brands
  • Grupo Gigante

Mexico Foodservice Market Analysis by Competitors

Mexico Foodservice Market Analysis by Competitors

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Mexico Foodservice Market – Latest Developments

  • In July 2022, Pizza Hut, with its franchise partner Food Delivery Brands, opened a new plant in Querétaro, Mexico to optimize its delivery capabilities and sales channels. The operator plans to make the plant a transportation hub for raw materials for pizza in the Latin American and Caribbean regions in the coming years. It also plans to produce 14 million kg of dough in its first phase.

Segments Covered in the Report

Mexico Foodservice Market Outlook by Profit Sector Channel (Value MXN Billion, 2017-2027)

  • Full-service Restaurants (FSR)
  • Quick-service Restaurants (QSR)
  • Pub, Club & Bar
  • Retail
  • Accommodation

Mexico Foodservice Market Outlook by Cost Sector Channels (Value, MXN Billion, 2017-2027)

  • Military & Civil Defense
  • Healthcare
  • Education
  • Welfare & Services
  • Complimentary Services

Scope

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, coffee & tea shop, and pub, club & bar) 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 motivating factors 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.

Reasons to Buy

  • Identify emerging/declining markets and understand specific forecasts of the foodservice market over the next five years to make informed business decisions.
  • Understand the target audience and changing consumer behavior through a detailed analysis of the consumer segmentation, which elaborates on the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar).

Domino’s Pizza
Restaurants Brands International
McDonald’s
Little Caesar Enterprises
Yum! Brands
Alsea SAB de CV
Yum! Brands
Brinker International
Grupo Gigante
Itto Restaurantes
Starbucks
Krispy Kreme Doughnuts
Italian Coffee
Grupo Sanborn
Café Punta del Cielo.

Table of Contents

Introduction

Report Guide

Executive Summary

Macroeconomic Context

Macroeconomic Overview

Trends Landscape

Profit Sector – Impact of COVID-19

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

Profit Sector by Channel

Quick-Service Restaurant (QSR)

Summary & Key Points

Metrics

Key Players

Who?

Why?

What?

Where?

What Next?

Full Service Restaurant (FSR)

Summary & Key Points

Metrics

Key Players

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

Frequently asked questions

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