Mexico – The Future of Foodservice to 2022

2019-05-22
Price :
Published : May-2019
No. of Pages : 135

Mexico – The Future of Foodservice to 2022

Summary

A rising tide lifts all boats’ rings true for Mexico’s foodservice market, as stable yet slow economic growth combined with falling unemployment has created a middle class that is better able to afford out-of-home meal occasions. As such, the Mexican profit sector has grown at a CAGR of 3.8% from 2015-2017, with the market becoming increasingly attractive for international investment and operators. The QSR channel’s below average growth has, in part, been caused by Mexico’s positive economic climate, which has acted as a double-edged sword. Moreover, as a result of Mexico’s recent economic growth, more consumers have been lifted into the middle class, putting them in a better position to afford more frequent FSR meal occasions.

“Mexico – The Future of Foodservice to 2022” published by GlobalData provides extensive insight and analysis of the Mexican Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.

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

– FSR represents the largest foodservice channel in Mexico, generating revenue of MXN 628.8 billion in 2017 (or a 42.7% share of the overall profit sector).
– An increase in employment and rising disposable incomes are the key drivers of domestic consumption. In addition, expanding middle class and growing urban population will further boost the overall domestic consumption thereby aiding GDP growth.
– Currently, the channel is dominated by independent operators, which account for 87.4% of outlets. However, consumers cite a general preference for chain operators, which are forecast to grow at a CAGR of 3.4% between 2017 and 2022.

Reasons to buy

– Specific forecasts of the foodservice market over the next five years (2017-2022) 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.

Filed in: Food & Beverage, Food Service
Publisher : GlobalData
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