Mexican Food Market by Type and Geography - Forecast and Analysis 2022-2026

The Mexican food market share is expected to increase by USD 113.85 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.65%.

This Mexican food market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (tortillas, tacos, burritos, enchiladas, and others) and geography (North America, Europe, APAC, South America, and MEA). The Mexican food market report also offers information on several market vendors, including Chick-fil-A Inc., Chipotle Mexican Grill Inc., Del Taco Restaurants Inc., El Meson Sandwiches, Food Concepts International, Gruma SAB de CV, Grupo Bimbo SAB de CV, MTY Food Group Inc., Pappas Restaurants Inc., and YUM Brands Inc. among others.

What will the Mexican Food Market Size be During the Forecast Period?

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Mexican Food Market: Key Drivers and Challenges

The growing demand for convenience foods is notably driving the Mexican food market growth, although factors such as stringent regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the Mexican food industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mexican Food Market Driver

There has been a growing demand for convenience foods across the world. Rapid urbanization has increased disposable incomes globally. The demand for convenience and easy-to-prepare food products has increased because of rapid urbanization and the high participation of women in the workforce. Hence, the demand for convenience foods and fast foods such as Mexican food is increasing. All these factors will drive market growth during the forecast period.

Key Mexican Food Market Challenge

Stringent government regulations on Mexican food manufacturing pose a challenge to the global Mexican food market. These rules emphasize proper reviewing of food safety, business operations, insurance, and fire safety. There are rules and regulations involving financial obligations, including licensing, permits, and mandatory food safety training, across the world. Food manufacturers must make significant investments to limit the risks associated with consumer exposure to contaminated foods. All these factors pose a significant challenge to the growth of the market in focus.

This Mexican food market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Mexican Food Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Chick-fil-A Inc.
• Chipotle Mexican Grill Inc.
• Del Taco Restaurants Inc.
• El Meson Sandwiches
• Food Concepts International
• Gruma SAB de CV
• Grupo Bimbo SAB de CV
• MTY Food Group Inc.
• Pappas Restaurants Inc.
• YUM Brands Inc.

This statistical study of the Mexican food market encompasses successful business strategies deployed by the key vendors. The Mexican food market is fragmented, and the vendors are deploying both organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The Mexican food market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Mexican Food Market?

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58% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for Mexican food in North America. Market growth in this region will be faster than the growth of the market in Europe, South America, and MEA.

The increasing popularity of Mexican cuisine among consumers is one of the major growth drivers of the Mexican food market in North America. The growth of the market is also driven by the increasing number of consumers, especially millennial consumers, which will, in turn, facilitate the growth of the Mexican food market in North America during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Mexican Food Market?

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The Mexican food market share growth by the tortilla segment will be significant during the forecast period. The increasing per capita consumption in developed countries of North America and Europe is the major growth driver for this product segment. Changing taste preferences have increased the sales of flavored tortilla chips. As taste preferences vary across regions, global marketers have introduced new products.

This report provides an accurate prediction of the contribution of all the segments to the growth of the Mexican food market size and actionable market insights on the post-COVID-19 impact on each segment.

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What are the Key Data Covered in this Mexican Food Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive the growth of the Mexican food market during the next five years
• Precise estimation of the Mexican food market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the Mexican food industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Mexican food market vendors

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