Grocery & Food Retailers in Mexico - Industry Market Research Report

Grocery & Food Retailers in Mexico - Industry Market Research Report

  • May 2019 •
  • 25 pages •
  • Report ID: 5895024 •
  • Format: PDF
Expiration date: Competition from big-box retailers will cause industry revenue to decline

Abstract

Grocery & Food Retailers in Mexico
Over the five years to 2019, revenue for the Grocery and Food Retailers industry in Mexico has been decreasing due to rising external competition from big-box stores and a decline in the Consumer Confidence Index. During the current period, consumers looking for a wider variety of products visited supermarkets frequently, considering that grocery stores and smaller food retailers have a more limited product offering. Furthermore, supermarkets and big-box discount stores are able to offer lower prices to consumers by purchasing in bulk from the supplier, attracting more customers. Overall, industry revenue is anticipated to decrease during the current period. Over the five years to 2024, industry revenue is expected to experience minimal growth. As consumers feel more confident toward the outlook of the economy, they will likely spend more on food and grocery products and visit industry establishments frequently.

This industry comprises establishments dedicated primarily in the retail trade of groceries, which includes various products for human consumption, and specialized retail trade of food for human consumption, such as meats, fresh fruits and vegetables, seeds and food grains, spices and dried chili, milk, other dairy products and sausages, sweets and raw materials for baking, ice popsicles, ice cream, bread, cakes, snacks, honey, canned food and eggs.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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