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?

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

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

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 5.48%

Market growth 2022-2026

$ 97.29 billion

Market structure


YoY growth (%)


Regional analysis


Competitive landscape

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.

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, Market condition analysis for the 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.

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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 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

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

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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 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

              10.6 Fresko   

                             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. 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

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.


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


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



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


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The retail market growth will increase by $97296.38 million during 2021-2026.
The retail market is expected to grow at a CAGR of 5.48% during 2021-2026.
Technavio has segmented the retail market by product (PAT, Personal and household care, AFA, Electrical and electronics, and Others) ,distribution channel (Offline and Online) , and geographic (Europe, APAC, North America, South America, and MEA).
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. are a few of the key vendors in the retail market.
APAC will register the highest growth rate of 36.11% among the other regions. Therefore, the retail market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Japan
  • Germany
  • UK
The key factors driving the retail market growth are:
  • Influx of numerous retail stores
The retail market vendors should focus on grabbing business opportunities from the pat segment as it accounted for the largest market share in the base year.
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