Mexico - The Future of Foodservice to 2024

Mexico - The Future of Foodservice to 2024

Published: July 2020
Publisher: GlobalData
Product ref: 316948
Pages: 114
Format: PDF
Delivery: By product vendor

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Summary

"Mexico - The Future of Foodservice to 2024" published by GlobalData provides extensive insight and analysis of the Mexican Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers.

In 2019, Mexico’s foodservice profit sector was valued at MXN1.57 trillion (US$79.5 billion), making it the second-largest Latin American market behind only Brazil. Overall sales value across the sector grew at a CAGR of 3.7% between 2014 and 2019, however, the market is forecast to shrink, at a CAGR of -2.2% over the next five years (2019 - 2024).

The report includes -
• Overview of Mexico's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Mexico's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shops, Pubs, Clubs and Bars) within Mexico's foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Mexican population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
• Case Studies: Learn from examples of recent successes and failures within the Mexican foodservice market.

Scope

• In recent years both transactions and outlets have seen moderate growth with CAGRs of 2.5% and 1.7% respectively. Outlet growth has been rising due to increased investment in infrastructure by the Mexican government during the review period
• In 2020, owing to the rapid progression of COVID-19 pandemic, government limits on the number of customers permitted in restaurants and bars, affecting the sales of food and beverages.
• Mexico’s economy operated below its potential in 2019 due to uncertainty around government policies, under usage of the national budget, tight monetary conditions, and a slowdown in global manufacturing. The country’s economy deteriorated in early 2020 following the outbreak of Covid-19, which is expected to shrink the nation’s economic output during the year.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2019-2024) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
• Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within Mexico's foodservice market.

Price: $4995.00

Don't worry. No payment is taken yet

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Related research categories

By sector: Catering (in Foodservice/Catering)

By market: Mexico (in North America), Mexico (in BRICM)


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