The potential growth difference for the retail market in Mexico between 2021 and 2026 is USD 9.72 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The influx of numerous retail stores is one of the key market drivers. Apart from urban areas, retailers are focusing on non-urban areas to target untapped potential markets owing to the noteworthy increase in the middle-class population over the past decade. In addition, hypermarkets and supermarkets account for a majority of grocery and other fast-moving consumer goods (FMCG) sales in Mexico. This, in turn, is encouraging retailers to expand their store chains to enhance market share. For instance, Walmart launched its biggest expansion in Mexico by opening 134 new stores across the country.
However, factors such as issues related to logistics and supply chain operations will challenge market growth. The costs that are involved in the process are quite complex. They involve significant expenditure and include back-end support costs for IT, infrastructure management costs, and customer support costs. For instance, the COVID-19 outbreak negatively impacted the supply chain of several products in the country. It also led to changes in the policies, which disrupted the supply chain of the retail market in Mexico.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
Market Segmentation
Based on product, the retail market in Mexico is segmented into PAT, personal and household care, AFA, electrical and electronics, and others. The PAT segment will have significant market share growth during the forecast period. This segment is experiencing growth in Mexico due to an upward trend in the prices of commodities and a rise in the purchasing power of people. These factors are expected to drive the growth of packaged food and drinks, alcoholic beverages, and tobacco products in Mexico during the forecast period.
Based on distribution channel, the retail market in Mexico is segmented offline and online. The offline segment is expected to have significant market share growth during the forecast period. The offline distribution segment is considered the most effective mode of distribution as it offers the touch-and-feel experience to consumers, considered the most major source of marketing.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned
- 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
- Walmart Inc.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Related Reports:
Digital Retail Marketing Market by Type, Platform, and Geography - Forecast and Analysis 2021-2025
Online Apparel, Footwear, and Accessories Market in US by Product and End-user - Forecast and Analysis 2021-2025
Retail Market In Mexico Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.48% |
Market growth 2022-2026 |
USD 9.72 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.42 |
Regional analysis |
Europe, APAC, North America, South America, and MEA |
Performing market contribution |
Mexico at 100% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, 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. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
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 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.
Contact
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