NEW YORK, April 26, 2022 /PRNewswire/ -- The Mexican food market size is estimated to grow by USD 113.85 bn from 2021 to 2026. In addition, the report projects that the market will progress at a CAGR of 6.65% during the forecast period.
Find additional highlights related to the Mexican food market and obtain growth opportunities to improve your business. Download a Sample Report
Mexican Food Market: Driver
The growing demand for convenience foods is driving the Mexican food market growth. Rapid urbanization has increased disposable incomes across the world. As a result, the demand for convenience and easy-to-prepare food products, including Mexican food, is increasing. The popularity of Mexican food is increasing in many developed and developing countries, as on-the-go 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.
Do you want to learn about additional drivers impacting the growth of the Mexican food market? Request a Sample Report
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 key offerings of some of the vendors are listed below:
Get lifetime access to our Technavio Insights! Subscribe to our "Basic Plan" billed annually at USD 5000
Mexican Food Market: Segmentation Analysis
By type, the market has been segmented into tortillas, tacos, burritos, enchiladas, and others. The tortilla segment will have significant market share growth during the forecast period. The segment is driven by the increasing per capita consumption in developed countries of North America and Europe. Changing taste preferences have increased the sales of flavored tortilla chips. As taste preferences vary across regions, global marketers have introduced new products.
By geography, the market has been segmented into North America, Europe, APAC, South America, and MEA. North America will account for 58% of the market's growth during the forecast period. The growth is driven by the increasing popularity of Mexican cuisine among consumers in North America. It is also driven by the rising 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.
Know more about the contribution of each segment of the Mexican food market. Download a sample report
Related Reports:
Tortilla Market by Product and Geography - Forecast and Analysis 2022-2026
Mexican Food Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.65% |
Market growth 2022-2026 |
USD 113.85 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.11 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 58% |
Key consumer countries |
US, Canada, Norway, Finland, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Key companies profiled |
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 inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article