Key Market Dynamics:
- market engine
- Market challenges
the influx of many retail stores is one of the main drivers of the market. Outside of urban areas, marketers are focusing on non-urban areas to target untapped potential markets due to the noticeable increase in the middle class population over the past decade. In addition, hypermarkets and supermarkets account for the majority of grocery and other fast moving consumer goods (FMCG) sales in Mexico. This, in turn, encourages retailers to expand their chain stores to increase their market share. For example, Walmart launched its largest expansion in Mexico by opening 134 new stores across the country.
However, factors such as supply chain logistics and operations issues will challenge the growth of the market. The costs involved in the process are quite complex. They involve significant expenses and include back-end support costs for IT, infrastructure management costs, and customer support costs. For example, the COVID-19 outbreak has negatively impacted the supply chain of several products in the country. It has also led to changes in policies, which have disrupted the retail market supply chain in Mexico.
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Market segmentation
Based on the product, the retail market in Mexico is segmented into PAT, Personal & Household Care, AFA, Electrical & Electronics, and Others. the PAT segment will experience significant growth in its market share over the forecast period. This segment is growing Mexico due to an upward trend in commodity prices and an increase in people’s purchasing power. These factors are expected to drive the growth of packaged food and beverages, alcoholic beverages and tobacco products in Mexico during the forecast period.
Based on the distribution channel, the retail market in Mexico is segmented offline and online. the offline The segment is expected to witness significant growth in its market share over the forecast period. The offline distribution segment is considered to be the most efficient mode of distribution as it provides the touch experience to consumers which is considered to be the main source of marketing.
See our sample report for additional information on the contribution of all segments and regional opportunities in the report.
Some companies mentioned
- Amazon.com Inc.
- Carrefour S.A.
- El Port of Liverpool
- Fresco
- Heineken SA
- MercadoLibre S de RL de CV
- Tiendas Soriana SA de CV
- Transform SR Brands LLC
- Walmart Inc.
- To access more supplier profiles with their key offerings available with Technavio, Click here
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Retail market in Mexico |
|
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Report cover |
Details |
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Page number |
120 |
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base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 5.48% |
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Market Growth 2022-2026 |
$9.72 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
4.42 |
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Regional analysis |
Europe, APAC, North America, South America and MEA |
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Successful market contribution |
100% Mexico |
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Main consumer countries |
United States, China, Japan, Germany and United Kingdom |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled companies |
Amazon.com Inc., Carrefour SA, El Puerto de Liverpool, Fresko, Heineken NV, MercadoLibre S de RL de CV, Tiendas Soriana SA de CV, Transform SR Brands LLC and Walmart Inc. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period. |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Main topics covered:
- Abstract
- Market landscape
- Market sizing
- Five forces analysis
- Market segmentation
- Customer landscape
- Geographic landscape
- Supplier Landscape
- Vendor analysis
- appendix
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