Mexican Food Market Size Expected to Grow by USD 113.85 Billion | Rising demand for convenience foods to drive growth

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NEW YORK, April 26, 2022 /PRNewswire/ — The size of the Mexican food market is expected to grow by $113.85 billion from 2021 to 2026. Further, the report forecasts the market to grow at a CAGR of 6.65% during the forecast period.

Technavio has announced its latest market research report titled Mexico Food Market by Type and Geography – Forecast and Analysis 2022-2026

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Mexican Food Market: Driver

The growing demand for ready meals is driving the growth of the Mexican food market. Rapid urbanization has increased disposable incomes around the world. Consequently, the demand for convenient and easy-to-prepare food products, including Mexican foods, is increasing. The popularity of Mexican cuisine is increasing in many developed and developing countries as take-out foods are widely preferred by the working population. Thus, the growing demand for convenience foods is encouraging vendors to expand their Mexican food offerings, which is driving the growth of the global Mexican food market.

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Mexican Food Market: Vendor Analysis

The Mexican Food Market report offers information on several market vendors including Chick-fil-A Inc., Chipotle Mexican Grill Inc., Del Taco Restaurants Inc., El Meson Sandwiches, Food Concepts International, Gruma SAB de CV, Grupo Bimbo SAB de CV, MTY Food Group Inc., Pappas Restaurants Inc. and YUM Brands Inc., among others. The top offerings from some of the vendors are listed below:

  • Chick-fil-A Inc. – The company offers Mexican dishes such as pineapple chicken tacos and others.

  • Mexican Chipotle Grill Inc. – The company offers a wide range of Mexican dishes such as burritos, salads, etc.

  • Del Taco Inc. Restaurants – The company offers Mexican dishes such as fiesta packs, salads and others.

  • El Meson Sandwiches – The company offers Mexican dishes such as sandwiches and others.

  • International food concepts – The company offers authentic Mexican dishes such as seasonal, vegetarian, gluten-sensitive and others.

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Mexican Food Market: Segmentation Analysis

By type, the market has been segmented into tortillas, tacos, burritos, enchiladas and others. The tortilla segment will experience significant growth in its market share over the forecast period. The segment is driven by the increase in per capita consumption in the developed countries of North America and Europe. Changing taste preferences have increased sales of flavored tortilla chips. As taste preferences vary from region to region, global traders have introduced new products.

By geography, the market has been segmented into North America, EuropeACPA, South Americaand MEA. North America will account for 58% of the market growth over the forecast period. This growth is driven by the increasing popularity of Mexican cuisine with consumers in North America. It is also driven by the growing number of consumers, especially millennial consumers. These factors will in turn drive the growth of the Mexican food market in North America during the forecast period.

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Related reports:

Tortilla Market by Product and Geography – Forecast and Analysis 2022-2026

Fermented Foods and Beverages Market by Distribution Channel, Product and Geography – Forecast and Analysis 2022-2026

Mexican Food Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 6.65%

Market Growth 2022-2026

$113.85 billion

Market structure

Fragmented

Annual growth (%)

6.11

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 58%

Main consumer countries

United States, Canada, Norway, Finland and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled Key Companies

Chick-fil-A Inc., Chipotle Mexican Grill Inc., Del Taco Restaurants Inc., El Meson Sandwiches, Food Concepts International, Gruma SAB de CV, Grupo Bimbo SAB de CV, MTY Food Group Inc., Pappas Restaurants Inc., and YUM Brands Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, and Market Conditions Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

Five forces analysis

Market segmentation by type

  • Market segments

  • Comparison by type

  • Tortillas – Market size and forecast 2021-2026

  • Tacos – Market size and forecast 2021-2026

  • Burritos – Market size and forecast 2021-2026

  • Enchiladas – Market size and forecast 2021-2026

  • Others – Market size and forecast 2021-2026

  • Market Opportunity by Type

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2021-2026

  • Europe – Market size and forecast 2021-2026

  • APAC – Market size and forecast 2021-2026

  • South America – Market size and forecast 2021-2026

  • MEA – Market size and forecast 2021-2026

  • Main leading countries

  • Market Opportunity by Geography

  • Market factors

  • Market challenges

  • Market trends

Supplier Landscape

  • Supplier Landscape

  • Landscape disturbance

Vendor analysis

  • Suppliers Covered

  • Positioning on the supplier market

  • Chick-fil-A Inc.

  • Chipotle Mexican Grill Inc.

  • Del Taco Restaurants Inc.

  • Sandwiches El Meson

  • International food concepts

  • Gruma SAB de CV

  • Group Bimbo SAB de CV

  • MTY Food Group Inc.

  • Pappas Restaurants Inc.

  • YUM Brands Inc.

Annex

About Technavio

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

contacts

Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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