Mexican Food Market size to grow by USD 104.8 Billion from 2024-2028, Rising demand for convenience foods boosts market, Report with the AI impact on market trends - Technavio

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global mexican food market size is estimated to grow by USD 104.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.2% during the forecast period. Growing demand for convenience foods is driving market growth, with a trend towards growing popularity of food ordering through online portals and mobile apps. However, stringent regulations poses a challenge. Key market players include B and G Foods Inc., Campbell Soup Co., Chick fil A Inc., Chipotle Mexican Grill Inc., Churromania, Conagra Brands Inc., Concha y Toro, Corporativo Bimbo SA de CV, Del Taco Restaurants, Inc., El Meson Sandwiches, Food Concepts International, Gruma SAB de CV, Juanitas Foods, La Preferida Inc., MTY Food Group Inc., OTB Acquisition LLC, Pappas Restaurants Inc., Patron Mexican Bar and Grill, PepsiCo Inc., and YUM Brands Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Driver

A Vibrant Culinary Destination for Holiday Seekers and Food Lovers! Discover the rich flavors of Mexico's unique food scene. From sunny holiday destinations to pre-Hispanic origins, Mexican cuisine offers a diverse range of delicious dishes. Start your day with a hearty breakfast of Chilaquiles - corn tortillas simmered in salsa, topped with cheese, radishes, and greens. Try corn chips with spicy salsa or indulge in the savory Pulled Chicken or Pozole, a red soup with beans and hominy corn. Mexican cuisine boasts a wide array of unique ingredients like mole, made from herbs, spices, and chilies, or the Syrian immigrant-inspired minced beef tacos. Don't miss traditional dishes like Tamales, Enchiladas, or Tostadas. Savor the aroma of garlic, cilantro, oregano, cumin, and chilies in your favorite Mexican dishes. Explore the diversity of cooking styles across geographic territories - mountainous regions, coastal states, and desert regions. Experience the intangible cultural heritage of Mexican cuisine - a blend of pre-Hispanic traditions and influences from various cultures. Enjoy the vibrant colors and flavors of this traditional cuisine, making it an unforgettable attraction for food lovers worldwide. 

Online ordering systems are a more efficient solution for takeaway restaurants compared to traditional telephone orders. During peak hours, phone lines can become engaged, resulting in lost orders. Online platforms eliminate this issue, ensuring all orders are recorded and processed. Additionally, online sales provide direct access to consumer feedback and often result in increased order values due to the engaging nature of digital menus. Many restaurants have adopted mobile app-based ordering to expand their customer base, offering convenient delivery options or takeaway services. This modern approach streamlines the ordering process, enhances the customer experience, and ultimately boosts sales. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

• Mexican Food Market: A Vibrant Business Landscape Mexico's food market is a colorful and diverse business arena, attracting sun seekers and food lovers alike. Pre-Hispanic dishes like Chilaquiles, made with corn tortillas, salsa, and scrambled eggs, and Pozole, a red soup with beans and hominy corn, are popular breakfast options. Unique ingredients such as mole, a complex sauce made with chocolate, chilies, and various herbs and spices, and Chiles Rellenos, stuffed peppers smothered in cheese, are intangible cultural heritage treasures. Corn, a staple in Mexican cuisine, is used to make tortillas, tamales, enchiladas, tacos, and various other dishes. Corn chips, a modern addition, have become a global favorite. Street food, including minced beef tacos, taquitos, and quesadillas, offer an affordable and delicious dining experience. Geographic territories influence cooking styles. Mountainous regions serve hearty dishes like Pozole, while coastal states offer seafood specialties. Desert regions focus on simple, spicy dishes using chilies and unique seasonings like garlic, cilantro, oregano, cumin, and chili varieties. The Mexican food market is a melting pot of influences, with pre-Hispanic origins, Syrian immigrant contributions, and regional diversity. Unique ingredients like pineapple, onions, coriander leaves, and cinnamon add vibrant colors and flavors to traditional Mexican cuisine.
• Mexican food manufacturers face strict government regulations regarding food safety, business operations, insurance, and fire safety. These rules require substantial investments to ensure compliance and limit risks associated with contaminated foods. International Organization for Standardization (ISO) 22000, Foundation Food Safety System Certification (FSSC 22000), International Featured Standards (IFS) Food, and British Retail Consortium (BRC) Food Standards are some of the food safety management system standards that manufacturers must adhere to. Regulations also cover financial obligations, including licensing, permits, and mandatory food safety training. Compliance with these regulations is crucial for the global Mexican food market to maintain consumer trust and safety.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This mexican food market report extensively covers market segmentation by

• Type
• Tortillas
• Tacos
• Burritos
• Enchiladas
• Others
• Geography
• North America
• Europe
• APAC
• South America
• Middle East And Africa

1.1 Tortillas- The Mexican food market has experienced consistent growth, driven by increasing per capita consumption in developed regions like North America and Europe. Tortilla chips, a significant product segment, have seen sales due to changing taste preferences. Market vendors offer various flavors, such as cinnamon, cheddar, and jalapeno, to attract new customers. Small regional players thrive by providing authentic, artisanal offerings. The tortilla mix market, primarily made from corn or wheat flour, uses functional ingredients and enzymes to optimize baking properties. Enzymes improve dough mixing tolerance, stability, and baking attributes. The mixed grain-based tortilla mix, popular for its health benefits, is low in fat, salt, and sugar, making it a guilt-free snacking option. Pre-cooked tortillas, made with extra dough conditioners and preservatives, offer convenience and consistency in taste, appealing to busy consumers. Ready-to-eat snacks, including pre-cooked tortillas, are increasingly popular due to their time-saving benefits and consistent taste. Hectic lifestyles and rising disposable incomes fuel demand for these snacks. Manufacturers focus on developing healthy, low-fat, and low-salt options to cater to health-conscious consumers, contributing to the growth of the global Mexican food market.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

Discover the vibrant flavors of Mexican cuisine at the bustling food market, a must-visit destination for sun seekers and food lovers alike. Indulge in a diverse range of Mexican foods, from the hearty breakfast dish of Chilaquiles, made with corn tortillas, scrambled eggs, and red or green salsa, to the crunchy corn chips and savory dips. Savor the rich complexity of mole, a traditional sauce made from chocolate, nuts, and chilies, or try the vegetarian option made with herbs and spices. Explore the market stalls offering Pozole, a red soup filled with beans, hominy corn, and meat or vegetables, or sample the pre-Hispanic dish of radishes, greens, and tortillas. Don't miss the tantalizing aroma of Tacos al Pastor, grilled marinated pork, or minced beef tacos, all served on fresh corn tortillas. Experience the rich history and culture behind each dish, from the ancient ritual sacrifices to the modern-day culinary traditions.

Market Research Overview

Mexican food markets are a feast for the senses, bursting with vibrant colors, aromas, and flavors that tantalize food lovers and sun seekers alike. Discover the unique ingredients and traditional dishes that make Mexican cuisine an intangible cultural heritage. Start your day with a hearty breakfast of Chilaquiles, a delicious dish made from corn tortillas simmered in salsa and topped with crumbled tortilla chips, cheese, radishes, and greens. Try Pozole, a red soup filled with hominy corn, chicken or pork, beans, and herbs, which originated from pre-Hispanic rituals and sacrifices. Savor the diversity of Mexican cuisine with vegetarian options like corn tortillas filled with minced beef, onions, coriander leaves, and pineapple, or vegan dishes like tamales, enchiladas, and tostadas. Explore the markets and learn about the seasonings and cooking styles that vary across geographic territories, from mountainous regions to coastal states and desert regions. Unique ingredients like garlic, cilantro, oregano, cumin, chilies, and chili varieties, as well as spices like cinnamon, cloves, and cocoa, add depth and complexity to Mexican dishes. Don't miss the opportunity to try street food like quesadillas, flautas, tacos, and taquitos, each with their own distinct flavors and textures. Mexican food markets are not just destinations for food lovers, but also attractions that offer a glimpse into the rich history and cultural heritage of this vibrant and diverse cuisine.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Type
• Tortillas
• Tacos
• Burritos
• Enchiladas
• Others
• Geography
• North America
• Europe
• APAC
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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