Mexico – The Future of Foodservice to 2025

“Mexico – The Future of Foodservice to 2025” published by GlobalData provides extensive insight and analysis of the Mexican Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.

Mexico's foodservice profit sector declined at a CAGR of 8.8% in 2015-2020 and reached a value of Mex$859.3 billion (US$40 billion) in 2020. The closure of restaurants, cafés, and bars amid the COVID-19 pandemic lead to a substantial reduction in the number of transactions in 2020. However, home deliveries and takeaways played a significant role in mitigating losses of foodservice businesses due to convenience and technological advances. Despite independent operators' dominance in the profit sector, chain operators fared better during the pandemic owing to their deep pockets and quick adaption to changing demands. However, the foodservice profit sector is expected to record growth at a CAGR of 15.3% during 2020-2025 owing to an increase in transactions.

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 Shop, and Pub, Club & Bar) 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 Mexicon population. - Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

– Full-service restaurant (FSR) is the largest channel in the Mexico's foodservice profit sector by revenue, representing 45% of total sector revenue in 2020. Quick service restaurant (QSR) and workplace are among other prominent channels, with market shares of 32% and 8% respectively.

– In FSR channel, the value sales declined by a significant 8.1% during 2015-2020 due to closure of restaurants and restrictions on dining in amid the pandemic. As restaurants were not able to provide dine-in services at full capacity, they moved towards other options such as takeaways and deliveries. Ghost or dark kitchens grew in 2020 in order to meet the growing demand for deliveries as consumers refrained from frequently visiting these outlets and instead, they preferred at-home consumption.

– The value sales declined in QSR channel, at a CAGR of 7.1% during 2015-2020, mainly due to several lockdowns and remote working policies of workplaces amid the pandemic in 2020. Chain operators having strong financial footing fared better than independent operators due to better pricing strategies, promotional offers, and discounts, which attracted value-seeking consumers.

Reasons to buy

– Specific forecasts of the foodservice market over the next five years (2020-2025) 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 shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.

Companies mentioned

McDonald's Corporation

Domino's Pizza Inc.

Restaurant Brands International

Little Caesar Enterprises Inc.

Yum! Brands Inc.

Alsea SAB de CV

Yum! Brands Inc.

Brinker International Inc.

Gigante S.A de C.V

Itto Restaurantes

Starbucks Corporation

Italian Coffee S.A. de C.V

Café Punta del Cielo

Finca Santa VeraCruz SA de CV

Grupo ADO SA de CV

Table of Contents

Table of Contents

Introduction

Report Guide

Executive Summary

Macroeconomic Context

Macroeconomic Overview

Trends Landscape

Profit Sector Impact of COVID 19

Profit Sector Metrics

Key metric highlights

Value share and growth by channel

Outlets and transactions growth by channel

Operator buying volumes and growth by channel

Channel historic and future growth dynamics

Outlet type and type of ownership growth dynamics

Quick Service Restaurants (QSR)

Summary and key take out

Metrics

Key players

Who?

Why?

What?

Where?

What next?

Full Service Restaurants (FSR)

Summary and key take out

Metrics

Key players

Who?

Why?

What?

Where?

What next?

Profit Sector by Channel

Coffee Tea Shop

Summary and key take out

Metrics

Key Players

Who?

Why?

What?

Where?

What next?

Cost Sector Metrics

Cost operator trends historic and future growth

Data and channel share breakdown

Appendix

    Pricing

Discounts available for multiple purchases.

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