0

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

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71423
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

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?

Download the Free Report Sample to Unlock the Mexican Food Market Size for the Forecast Period and Other Important Statistics

 

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?

For more insights on the market share of various regions Request for a FREE sample now!

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?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

 

Mexican Food Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.65%

Market growth 2022-2026

$ 113.85 billion

Market structure

Fragmented

YoY growth (%)

6.11

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 58%

Key consumer countries

US, Canada, Norway, Finland, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Tortillas - Market size and forecast 2021-2026
  • Tacos - Market size and forecast 2021-2026
  • Burritos - Market size and forecast 2021-2026
  • Enchiladas - Market size and forecast 2021-2026
  • Others - Market size and forecast 2021-2026
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • APAC - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The mexican food market market growth will increase by $$ 113.85 bn during 2023-2026.
The mexican food market market is expected to grow at a CAGR of 6.65% during 2023-2026.
Technavio has segmented the mexican food market market by type (tortillas, tacos, burritos, enchiladas, and others) and geography (North America, Europe, APAC, South America, and MEA).
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. are a few of the key vendors in the mexican food market market.
North America will register the highest growth rate of 58% among the other regions. Therefore, the mexican food market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the mexican food market market growth are:
  • growing demand for convenience foods
The mexican food market market vendors should focus on grabbing business opportunities from the tortillas segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Consumer Staples
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>