The retail market share in Mexico is expected to increase by USD 97.29 billion from 2021 to 2026, and the market's growth momentum will accelerate at a 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) and 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?

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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
- 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 forecast period.
- Managing multiple tasks related to transportation and supply along with the risk of product damage constitutes 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
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Tiendas Soriana SA de CV - The company offers an extensive and complete line of food, clothing, general merchandise, health products and basic services, satisfying diverse customer needs through its retail store. Under the unified segment the company offers a wide range of brands such as Quality Day, Valley Foods, and many more.
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 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 in 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 the post-COVID-19 impact on each segment.
Retail Market Scope in Mexico
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Report Coverage
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Details
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Page number
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120
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Base year
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2021
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Forecast period
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2022-2026
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Growth momentum & CAGR
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Accelerate at a CAGR of 5.48%
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Market growth 2022-2026
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$ 97.29 billion
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Market structure
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Fragmented
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YoY growth (%)
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4.42
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Regional analysis
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Mexico
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Competitive landscape
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Leading companies, Competitive strategies, Consumer engagement scope
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Key companies profiled
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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.
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Market dynamics
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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 forecast period
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Customization purview
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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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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 behaviour
- 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
*2.3.1 Inputs
*2.3.2 Inbound logistics
*2.3.3 Operations
*2.3.4 Outbound logistics
*2.3.5 Marketing and sales
*2.2.6 Service
*2.2.7 Support activities
*2.2.8 Innovation
***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 Coppel SA de CV
*Exhibit 42: Coppel SA de CV - Overview
*Exhibit 43: Coppel SA de CV - Product and service
*Exhibit 44: Coppel SA de CV - Key News
*Exhibit 45: Coppel SA de CV - Key offerings
**10.4 Costco wholesale corp.
*Exhibit 46: Costco wholesale corp. - Overview
*Exhibit 47: Costco wholesale corp. - Business segments
*Exhibit 48: Costco wholesale corp - Key offerings
*Exhibit 49: Costco wholesale corp. - 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
**10.6 Grupo Carso SAB de CV
*Exhibit 53: Grupo Carso SAB de CV - Overview
*Exhibit 54: Grupo Carso SAB de CV - Business segments
*Exhibit 55: Grupo Carso SAB de CV - Key offerings
*Exhibit 56: Grupo Carso SAB de CV - Segment focus
**10.7 Grupo Comercial Chedraui SAB de CV
*Exhibit 57: Grupo Comercial Chedraui SAB de CV - Overview
*Exhibit 58: Grupo Comercial Chedraui SAB de CV - Business segments
*Exhibit 59: Grupo Comercial Chedraui SAB de CV - Key offerings
*Exhibit 60: Grupo Comercial Chedraui SAB de CV - Segment focus
**10.8 Heineken NV
*Exhibit 61: Heineken NV - Overview
*Exhibit 62: Heineken NV - Business segments
*Exhibit 63: Heineken NV - Key offerings
*Exhibit 64: Heineken NV - Segment focus
**10.9 La Comer SAB de CV
*Exhibit 65: La Comer SAB de CV - Overview
*Exhibit 66: La Comer SAB de CV - Product and service
*Exhibit 67: La Comer SAB de CV - Key offerings
**10.10 MercadoLibre S de RL de CV
*Exhibit 68: MercadoLibre S de RL de CV - Overview
*Exhibit 69: MercadoLibre S de RL de CV - Product and service
*Exhibit 70: MercadoLibre S de RL de CV - Key offerings
**10.11 Tiendas Soriana SA de CV
* Exhibit 71: Tiendas Soriana SA de CV - Overview
*Exhibit 72: Tiendas Soriana SA de CV - Business segments
*Exhibit 73: Tiendas Soriana SA de CV - Key offerings
*Exhibit 74: Tiendas Soriana SA de CV - Segment focus
**10.12 Walmart Inc.
*Exhibit 75: Walmart Inc. – Overview
*Exhibit 76: Walmart Inc. - Business segments
*Exhibit 77: Walmart Inc. - Key offerings
*Exhibit 78: Walmart Inc. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*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