Retail Market in Mexico by Product and Distribution Channel - Forecast and Analysis 2022-2026
- Published: Apr 2022
- Pages: 120
- SKU: IRTNTR72051
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The predicted growth of the retail market share in Mexico share from 2021 to 2026 is USD 97.29 billion at a progressing CAGR of 5.48%.
This retail market in Mexico research report extensively covers retail market segmentation in Mexico by:
- Product - PAT, Personal and household care, AFA, Electrical and electronics, and Others
- Distribution Channel - Offline and Online
The retail market vendors in Mexico are - including Coppel SA de CV, Costco wholesale corp, El Puerto de Liverpool, Grupo Carso SAB de CV, Grupo Comercial Chedraui SAB de CV, Heineken NV, La Comer SAB de CV, MercadoLibre S de RL de CV, Tiendas Soriana SA de CV, and Walmart Inc. among others.
What will the Retail Market Size in Mexico be During the Forecast Period?
Download the Free Report Sample to Unlock the Retail Market Size in Mexico for the Forecast Period and Other Important Statistics
Retail Market in Mexico: Key Drivers, Trends, and Challenges
The influx of numerous retail stores is notably driving the retail market growth in Mexico, although factors such as issues related to logistics and supply chain operations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the retail industry in Mexico. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Retail Market Driver in Mexico
- One of the key factors driving growth in the retail market in Mexico is the influx of numerous retail stores.
- Retailers operating in the country are focusing on expanding their outlets across the country to boost penetration by enhancing brand visibility and outreach.
- With the noteworthy increase in the middle-class population over the past decade, vendors are also emphasizing non-urban locales to target untapped potential markets.
- For instance, in December 2021, Dollar General opened its store in Mexico, along with Goodlettsville, Tenn.-based retailer, and is aiming to open ten stores in the country by the end of 2022.
- The momentous expansions of retail stores by prominent vendors will foster the growth of the country’s retail market.
Key Retail Market Trend in Mexico
- The innovative packaging and marketing initiatives by prominent vendors is a retail market trend in Mexico.
- Prominent players are creating various marketing initiatives to differentiate their products, owing to the hyper-competitive environment in the market.
- The key initiatives implemented by retailers in recent times include, innovative packaging, online campaigns and contests, blogging, social media awareness programs, and celebrity endorsements.
- As packaging is perceived as the silent salesman, prominent retailers in the market are investing substantially in terms of product differentiation and enticing consumers by resorting to appealing and innovative packaging strategies.
- Therefore, such creative initiatives employed by prominent retailers are expected to drive the market during the forecast period.
Key Retail Market Challenge in Mexico
- The issues related to logistics and supply chain operations will be a major challenge for the retail market in Mexico during the forecats period.
- Managing multiple tasks related to transportation and supply along with the risk of product damage constitute a strenuous process, particularly when it concerns retailers with multiple retail stores across the country.
- The outbreak of COVID-19 negatively affected the supply chain of several products in the country and also led to changes in the policies, which disrupted the supply chain of the retail market in Mexico.
- The factors mentioned above will reduce the net profits of competitors to affect the overall market revenue during the forecast period.
This retail market in Mexico 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.
Parent Market Analysis
Technavio categorizes the retail market in Mexico as a part of the global internet and direct marketing retail market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the retail market in Mexico during the forecast period.
Who are the Major Retail Market Vendors in Mexico?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Coppel SA de CV
- Costco wholesale corp
- El Puerto de Liverpool
- Grupo Carso SAB de CV
- Grupo Comercial Chedraui SAB de CV
- Heineken NV
- La Comer SAB de CV
- MercadoLibre S de RL de CV
- Tiendas Soriana SA de CV
- Walmart Inc.
This statistical study of the retail market in Mexico encompasses successful business strategies deployed by the key vendors. The retail market in Mexico is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
Grupo Carso SAB de CV - The company offers supply of materials and construction of the platform.
Grupo Carso SAB de CV - The commercial segment operates department stores and boutiques, shops-restaurants and electronics, technology and entertainment stores. Its main brands are Sears, Sanborns, Ishop, Mixup and Saks Fifth Avenue.
To make the most of the opportunities and recover from 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 retail market in Mexico forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Retail Market in Mexico Value Chain Analysis
Our report provides extensive information on the value chain analysis for the retail market in Mexico, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
What are the Revenue-generating Product Segments in the Retail Market in Mexico?
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The retail market share growth in Mexico by the PAT segment will be significant during the forecast period. Packaged food and drinks, alcoholic beverages, and tobacco products segment in Mexico are experiencing growth due to an upward trend in the prices of commodities, and an increase in the purchasing power of people in regions such as Baja California and Mexico City has fueled the demand for packaged food and drinks. Also, Mexico is experiencing an increasing interest of consumers in imported goods, especially processed foods, which is expected to witness the highest growth rate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the retail market size in Mexico and actionable market insights on post COVID-19 impact on each segment.
Retail Market Scope in Mexico
Growth momentum & CAGR
Accelerate at a CAGR of 5.48%
Market growth 2022-2026
$ 97.29 billion
YoY growth (%)
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Coppel SA de CV, Costco wholesale corp, El Puerto de Liverpool, Grupo Carso SAB de CV, Grupo Comercial Chedraui SAB de CV, Heineken NV, La Comer SAB de CV, MercadoLibre S de RL de CV, Tiendas Soriana SA de CV, and Walmart Inc.
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, Market condition analysis for the the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Retail Market in Mexico Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive retail market growth in Mexico during the next five years
- Precise estimation of the retail market size in Mexico and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the retail industry in Mexico
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of retail market vendors in Mexico
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1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent market
Exhibit 01: Parent market
2.2 Market characterstics
Exhibit 02: Market Characterstics
2.3 Value Chain Analysis
Exhibit 03: Value Chain Analysis: Internet and Direct Market Retail
2.3.2 Inbound logistics
2.3.4 Outbound logistics
2.3.5 Marketing and sales
2.2.7 Support activities
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2019
3.4 Market outlook: Forecast for 2019 - 2024
Exhibit 06: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 07: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2021
5. Market Segmentation by Product
5.1 Market segments
Exhibit 15: Product- Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 PAT - Market size and forecast 2021-2026
Exhibit 17: PAT - Market size and forecast 2021-2026 ($ million)
Exhibit 18: PAT - Year-over-year growth 2021-2026 (%)
5.4 Personal and household care - Market size and forecast 2021-2026
Exhibit 19: Personal and household care - Market size and forecast 2021-2026 ($ million)
Exhibit 20: Personal and household care - Year-over-year growth 2021-2026 (%)
5.5 AFA - Market size and forecast 2021-2026
Exhibit 21: AFA - Market size and forecast 2021-2026 ($ million)
Exhibit 22: AFA - Year-over-year growth 2021-2026 (%)
5.6 Electrical and electronics - Market size and forecast 2021-2026
Exhibit 23: Electrical and electronics - Market size and forecast 2021-2026 ($ million)
Exhibit 24: Electrical and electronics - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 25: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 26: Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by Product
Exhibit 27: Market opportunity by Product
6. Market Segmentation by Distribution channel
6.1 Market segments
Exhibit 28: Distribution channel- Market share 2021-2026 (%)
6.2 Comparison by Distribution channel
Exhibit 29: Comparison by Distribution channel
6.3 Offline - Market size and forecast 2021-2026
Exhibit 30: Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Offline - Year-over-year growth 2021-2026 (%)
6.4 Online - Market size and forecast 2021-2026
Exhibit 32: Online - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Online - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Distribution channel
Exhibit 34: Market opportunity by Distribution channel
7. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 35: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market Driver
8.1.1 Influx of numerous retail stores
8.1.2 Rising demand for convenience food products
8.1.3 Growing popularity of private-label brands
8.2 Market challenges
8.2.1 Issues related to logistics and supply chain operations
8.2.2 Threat from counterfeit products
8.2.3 Trade risks associated with the retail industry
Exhibit 36: Impact of drivers and challenges
8.3 Market trends
8.3.1 Innovative packaging and marketing initiatives by prominent vendors
8.3.2 Surge in sales through online distribution channels
8.3.3 Growing per capita income of the country
9. Vendor Landscape
Exhibit 37: Vendor landscape
9.2 Landscape disruption
Exhibit 38: ?Landscape disruption?
Exhibit 39: Industry Risk
10. Vendor Analysis
10.1 Vendors covered
Exhibit 40: Vendors covered
10.2 Market positioning of vendors
Exhibit 41: ?Market positioning of vendors?
10.3 Amazon.com Inc.
Exhibit 42: Amazon.com Inc. - Overview
Exhibit 43: Amazon.com Inc. - Business segments
Exhibit 44: Amazon.com Inc. - Key offerings
Exhibit 45: Amazon.com Inc. - Segment focus
10.4 Carrefour SA
Exhibit 46: Carrefour SA - Overview
Exhibit 47: Carrefour SA - Business segments
Exhibit 48: Carrefour SA - Key offerings
Exhibit 49: Carrefour SA - Segment focus
10.5 El Puerto de Liverpool
Exhibit 50: El Puerto de Liverpool - Overview
Exhibit 51: El Puerto de Liverpool - Business segments
Exhibit 52: El Puerto de Liverpool - Key offerings
Exhibit 53: Fresko - Overview
Exhibit 54: Fresko - Product and service
Exhibit 55: Fresko - Key offerings
10.7 Heineken NV
Exhibit 56: Heineken NV - Overview
Exhibit 57: Heineken NV - Business segments
Exhibit 58: Heineken NV - Key offerings
Exhibit 59: Heineken NV - Segment focus
10.8 MercadoLibre S de RL de CV
Exhibit 60: MercadoLibre S de RL de CV - Overview
Exhibit 61: MercadoLibre S de RL de CV - Product and service
Exhibit 62: MercadoLibre S de RL de CV – Key news
Exhibit 63: MercadoLibre S de RL de CV - Key offerings
10.9 Tiendas Soriana SA de CV
Exhibit 64: Tiendas Soriana SA de CV - Overview
Exhibit 65: Tiendas Soriana SA de CV - Business segments
Exhibit 66: Tiendas Soriana SA de CV - Key offerings
10.10 Transform SR Brands LLC
Exhibit 67: Transform SR Brands LLC - Overview
Exhibit 68: Transform SR Brands LLC - Product and service
Exhibit 69: Transform SR Brands LLC - Key offerings
10.11 Walmart Inc.
Exhibit 70: Walmart Inc. - Overview
Exhibit 72: Walmart Inc. - Key offerings
Exhibit 73: Walmart Inc. - Segment focus
11.1 Scope of the report
11.1.1 ????Market definition
11.1.3 ????Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 74: ?Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 75: ?Research Methodology
Exhibit 76: ??Validation techniques employed for market sizing?
Exhibit 77: ??Information sources
11.4 List of abbreviations
Exhibit 78: List of abbreviations
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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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- Influx of numerous retail stores
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