Mexico Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Mexico Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“Mexico Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the Mexican Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

Synopsis

• The overall value of Mexico’s foodservice profit sector declined at a negative CAGR of 3.3% during 2016-21, reaching MXN1.2 trillion ($59.3 billion) in 2021. This growth was due to a substantial increase in the number of transactions in 2021.
• Take-away and deliveries played a crucial role due to the convenience offered and digital and technological advancements.
• Chain operators led the profit sector in QSR and FSR channels. However, sales in both chain and independent operators were severely impacted in the coffee & tea shop channel during 2016-21.
• Mexico’s profit sector is forecast to record growth at a CAGR of 11.3% during 2021-26.

• Overview of Mexico’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Mexico's 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 Mexico’s 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.

• FSR was the largest channel in the foodservice profit sector, with a sales share of 44.7% in 2021. This reflects Mexican consumers’ preference for a more traditional style of foodservice, which has been slower to respond to global trends towards convenience and more informal, casual dining experiences.
• QSR was the second-largest channel, accounting for 31.8% of the overall value in 2021. The channel remains popular among consumers due to its convenience, value for money, and safe delivery services.
• QSR operators (both chain and independent) adapted to new strategies and offered a wide range of food options with convenient delivery, take-away, and drive-thru services. Take-aways accounted for 43.2% of sales in restaurant channels in 2021, while dine-ins made up the remaining 56.8% share. Take-away transactions were popular in the ice cream parlor and QSR channels. Independent operators’ prominence is particularly marked in the FSR channel, as 95.6% of the channel’s revenue was generated by independent outlets in 2021.

• Specific forecasts of the foodservice market over the next five years (2021-2026) 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.