Mexican Food Market Size to Grow by USD 113.85 bn | Growing Demand for Convenience Foods to Drive Growth | Technavio

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.

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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 key offerings of some of the vendors are listed below:

• Chick-fil-A Inc. - The company offers Mexican food such as Pineapple chicken tacos and others.
• Chipotle Mexican Grill Inc. - The company offers a wide range of Mexican food such as burritos, salad, and more.
• Del Taco Restaurants Inc. - The company offers Mexican food such as fiesta packs, salads, and others.
• El Meson Sandwiches - The company offers Mexican food such as sandwiches and others.
• Food Concepts International - The company offers authentic Mexican food 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 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.

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Related Reports:

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

Fermented Food and Drinks Market by Distribution Channel, Product, and Geography - Forecast and Analysis 2022-2026

Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

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
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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.
• YUM Brands Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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SOURCE Technavio