This report provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies.
This report provides readers with unparalleled levels of detail and insight into the development of the foodservice sector within Mexico.
This report provides readers with in-depth data on the valuation and development of both the profit and cost sectors in the Mexican foodservice market.
This report provides details on the number of outlets, transactions, average price, foodservice sales, sales per outlet, and transactions per outlet per week, across nearly 50 sub-channels.
This report provides highly granular future forecasts and historic market data to aid market and strategic planning.
This report will help you to assess the impact of economic recession and recovery on foodservice market growth.
Why was the report written?
This report is the result of Canadeans extensive market and company research covering the Mexican Foodservice industry. It provides detailed analysis of both historic and forecast foodservice industry values at channel level, analysis of the leading companies in the industry and Mexicos business environment and landscape.Mexican Foodservice: The Future of Foodservice in Mexico to 2016 provides a top-level overview and detailed market, channel and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Mexican Foodservice value chain, and for new companies considering entering the market.
What is the current market landscape and what is changing?
GDP growth, accompanied with a steady rise in disposable income, has been a major driving factor in the growth of the Mexican foodservice industry. The GDP, at constant prices, grew by 4% in 2011, and the disposable income increased by 3.2% in the same year. The economy has also been showing signs of growth with industrial output increasing by 6.1% between 2011 and 2010.
What are the key drivers behind recent market changes?
During the review period, change in the life style of working population, high per-capita incomes, increasing awareness of nutritious food, and changing demographics supported growth in the foodservice market.
What makes this report unique and essential to read?
Mexican Foodservice: The Future of Foodservice in Mexico to 2016 provides a top-level overview and detailed market, channel and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Mexican Foodservice value chain, and for new companies considering entering the market.
Growth in the GDP and disposable income were the main drivers responsible for the growth in foodservice sales in the country during the review period. The Mexican foodservice sales is expected to increase on account of urbanization and globalization and changes in the eating habits of the people of the country is expected to make Mexico a leader in foodservice industry among the global developing economies.
The sudden increase in inflation in 20082009 period lead to the increase in the prices of the raw material and subsequently the restaurant meals became more expensive thus adversely impacting restaurant sales.
The unemployment rate increased to 5.20% in 2009 and it became difficult to find and retain jobs. This affected the Mexican consumer confidence which declined sharply in 2009. Low consumer confidence coupled with high unemployment rate decreased the consumer spending and the number of transactions in restaurants decreased during this period.
Tourism has received an impetus due to high disposable income, better travel network and a spirit of optimistic economy prevailing in the country.
As more people are able to access internet, the foodservice sector in the country has gained directly from it. The consumers can now check and compare different restaurants and other foodservice outlets and choose a place that best suits their needs.