Mexico Foodservice Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Mexico Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

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Mexico Foodservice Market Size

Mexico Foodservice Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2023) USD 83.13 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 138.81 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Concentration High
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Foodservice Type Quick Service Restaurants
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2023 - 2029) 8.92 %

Major Players
major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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Mexico Foodservice Market Analysis

The Mexico Foodservice Market size is estimated at 83.13 billion USD in 2023, and is expected to reach 138.81 billion USD by 2029, growing at a CAGR of 8.92% during the forecast period (2023-2029).

  • The growth rate of Quick Service Restaurants segment indicates that it is the largest foodservice type. The demand for convenient, affordable food options and product innovations based on trends among younger generations who are constantly on the go led to the market's growth.
  • Among all the Outlets, Independent Outlets is the largest contributor to the Mexico Foodservice Market. A rise in tourism and the increasing number of immigrants in Mexico led to independent restaurants serving a wide range of cuisines from all over the world.
  • Cloud Kitchen is the Fastest-growing foodservice type for the Mexico Foodservice Market. The rising demand for food delivery and the scalability offered by cloud kitchens have led to several investments, making it the fastest-growing segment in the Mexican market.
  • The Fastest-growing outlet for the Mexico Foodservice Market is Chained Outlets. Chained restaurants focus on increasing the number of outlets, marketing, and advertising to increase customer footprint and boost their growth.

Quick Service Restaurants is the largest Foodservice Type

  • Quick service restaurants held the largest market share in the Mexican foodservice market in 2022. The segment registered a CAGR of 9.19% by value during the study period. This is because fast food options are considered more affordable meal-purchasing options in Mexico. The average order value in Mexican quick service restaurants was USD 5.15, while the same value was USD 9.51 and USD 10.43 in cafes & bars and full service restaurant segments, respectively.
  • A major challenge for the quick service restaurants segment in Mexico is the ban on fast-food sales to minors imposed by various state governments in the country. For instance, more than 50 jurisdictions in Mexico have imposed taxes on sugar-sweetened beverages during the past ten years, discouraging consumers from purchasing hazardous items. This strategy is aimed at and expected to stop 239,000 cases of obesity, almost 40% of which will occur in children. The states of Oaxaca and Tabasco passed restrictions on the sale of sugary bottled drinks and high-carbohydrate snacks in 2020, and many more states are expected to follow.
  • The Mexican cloud kitchen market is projected to grow and register a CAGR of 13.41% by value during the forecast period. The market is expected to continue its rapid growth due to continual funding by venture capitalists, private equity firms, and angel investors toward the new entrants in the market. Unlike other markets in the region, the Mexican cloud kitchen market is highly fragmented, with the top 10 chains holding only around 5% share of the market. Therefore, chained cloud kitchens are projected to register a CAGR of 15.58% by value during the forecast period.
Mexico Foodservice Market: Mexico Foodservice Market, CAGR, %, By Foodservice Type, 2023 - 2029

Mexico Foodservice Market Trends

Quick service restaurants are the most popular dining option in Mexico, with Burger King, O'Tacos, McDonald's, and Starbucks leading the pack.

  • The quick service restaurants segment has the major share of the market in Mexico. About 47.43% of customers prefer quick service restaurants when dining outside. Burger King is positioned as the favorite quick service restaurant of Mexicans, followed by McDonald's, Starbucks, Subway, KFC, and Domino's Pizza. Quick service restaurant operators are introducing plant-based meats to the menu, as these products tend to perform well in a taco or nacho application with lots of flavors and spices that make it harder to discern plant-based meat from traditional meat.
  • The full service restaurants segment holds the second major share in the market. As of November 2021, the State of Mexico had the largest number of restaurants, with roughly 74,400 establishments. Middle Eastern cuisine is the fastest growing in the region. Lebanese is the largest community of foreigners to arrive in Mexico, with over 500,000 people. Lebanese specialties, such as hummus, pita, and falafel, have been adapted to the menu and spices, like harissa, cardamom, and za'atar, are also likely to be introduced.
  • The cloud kitchen segment is the fastest-growing segment, and it is projected to register a CAGR of 5.99% during the forecast period. Cloud kitchens are becoming increasingly popular due to the pandemic. The pandemic has just fast-forwarded the trend that was already in place. As restaurants shut down, the importance of saving capital necessitated the switch to cloud kitchens. While some operators solely set up their business as cloud kitchens, some shifted to hybrid models. Cloud kitchens rely on technology to serve their customers. Hence, effective offers and good customer service boost the growth of the cloud kitchen market.
Mexico Foodservice Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • A wider variety of menu items and upscale dining experience at full service restaurants in Mexico

Mexico Foodservice Industry Overview

The Mexico Foodservice Market is fragmented, with the top five companies occupying 2.13%. The major players in this market are Alsea SAB de CV, Arcos Dorados Holdings Inc., CMR SAB de CV, Grupo Gigante SAB de CV and Yum! Brands Inc. (sorted alphabetically).

Mexico Foodservice Market Leaders

  1. Alsea SAB de CV

  2. Arcos Dorados Holdings Inc.

  3. CMR SAB de CV

  4. Grupo Gigante SAB de CV

  5. Yum! Brands Inc.

Mexico Foodservice Market Concentration

Other important companies include Fomento Economico Mexicano SAB de CV, Jack In The Box Inc., Papa John's International Inc., Seven & I Holdings Co. Ltd.

*Disclaimer: Major Players sorted in no particular order

Mexico Foodservice Market News

  • November 2022: Alsea partnered with Uber Direct to deliver purchases made through the Alsea WOW+ platform and Starbucks Rewards in 30 minutes in Mexico.
  • September 2022: The company plans to invest USD 225 million to open 200 new Starbucks stores across Mexico by 2026.
  • September 2022: Papa John's launched its new Chorizo range of pizza that features flavors that are inspired by the taste of space. The space-inspired pizza range combines chorizo's stratospherically delicious flavours with Papa Johns' signature pizzas, papadia and rolls.

Mexico Foodservice Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Number Of Outlets

    2. 2.2. Average Order Value

    3. 2.3. Regulatory Framework

    4. 2.4. Menu Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Foodservice Type

      1. 3.1.1. Cafes & Bars

        1. 3.1.1.1. By Cuisine

          1. 3.1.1.1.1. Bars & Pubs

          2. 3.1.1.1.2. Cafes

          3. 3.1.1.1.3. Juice/Smoothie/Desserts Bars

          4. 3.1.1.1.4. Specialist Coffee & Tea Shops

      2. 3.1.2. Cloud Kitchen

      3. 3.1.3. Full Service Restaurants

        1. 3.1.3.1. By Cuisine

          1. 3.1.3.1.1. Asian

          2. 3.1.3.1.2. European

          3. 3.1.3.1.3. Latin American

          4. 3.1.3.1.4. Middle Eastern

          5. 3.1.3.1.5. North American

          6. 3.1.3.1.6. Other FSR Cuisines

      4. 3.1.4. Quick Service Restaurants

        1. 3.1.4.1. By Cuisine

          1. 3.1.4.1.1. Bakeries

          2. 3.1.4.1.2. Burger

          3. 3.1.4.1.3. Ice Cream

          4. 3.1.4.1.4. Meat-based Cuisines

          5. 3.1.4.1.5. Pizza

          6. 3.1.4.1.6. Other QSR Cuisines

    2. 3.2. Outlet

      1. 3.2.1. Chained Outlets

      2. 3.2.2. Independent Outlets

    3. 3.3. Location

      1. 3.3.1. Leisure

      2. 3.3.2. Lodging

      3. 3.3.3. Retail

      4. 3.3.4. Standalone

      5. 3.3.5. Travel

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Alsea SAB de CV

      2. 4.4.2. Arcos Dorados Holdings Inc.

      3. 4.4.3. CMR SAB de CV

      4. 4.4.4. Fomento Economico Mexicano SAB de CV

      5. 4.4.5. Grupo Gigante SAB de CV

      6. 4.4.6. Jack In The Box Inc.

      7. 4.4.7. Papa John's International Inc.

      8. 4.4.8. Seven & I Holdings Co. Ltd

      9. 4.4.9. Yum! Brands Inc.

  7. 5. KEY STRATEGIC QUESTIONS FOR FOODSERVICE CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. NUMBER OF OUTLET UNITS BY FOODSERVICE CHANNELS, MEXICO, 2017 - 2029
  1. Figure 2:  
  2. AVERAGE ORDER VALUE BY FOODSERVICE CHANNELS, USD, MEXICO, 2017 VS 2022 VS 2029
  1. Figure 3:  
  2. MEXICO FOODSERVICE MARKET, VALUE, USD, 2017 - 2029
  1. Figure 4:  
  2. VALUE OF FOODSERVICE MARKET BY FOODSERVICE TYPE, USD, MEXICO, 2017 - 2029
  1. Figure 5:  
  2. VALUE SHARE OF FOODSERVICE MARKET, %, BY FOODSERVICE TYPE, MEXICO, 2017 VS 2023 VS 2029
  1. Figure 6:  
  2. VALUE OF CAFES & BARS FOODSERVICE MARKET BY CUISINE, USD, MEXICO, 2017 - 2029
  1. Figure 7:  
  2. VALUE SHARE OF CAFES & BARS FOODSERVICE MARKET BY CUISINE, %, MEXICO, 2017 VS 2023 VS 2029
  1. Figure 8:  
  2. VALUE OF FOODSERVICE MARKET VIA BARS & PUBS, USD, MEXICO, 2017 - 2029
  1. Figure 9:  
  2. VALUE SHARE OF BARS & PUBS FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 10:  
  2. VALUE OF FOODSERVICE MARKET VIA CAFES, USD, MEXICO, 2017 - 2029
  1. Figure 11:  
  2. VALUE SHARE OF CAFES FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 12:  
  2. VALUE OF FOODSERVICE MARKET VIA JUICE/SMOOTHIE/DESSERTS BARS, USD, MEXICO, 2017 - 2029
  1. Figure 13:  
  2. VALUE SHARE OF JUICE/SMOOTHIE/DESSERTS BARS FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 14:  
  2. VALUE OF FOODSERVICE MARKET VIA SPECIALIST COFFEE & TEA SHOPS, USD, MEXICO, 2017 - 2029
  1. Figure 15:  
  2. VALUE SHARE OF SPECIALIST COFFEE & TEA SHOPS FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 16:  
  2. VALUE OF CLOUD KITCHEN FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF CLOUD KITCHEN FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 18:  
  2. VALUE OF FULL SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, USD, MEXICO, 2017 - 2029
  1. Figure 19:  
  2. VALUE SHARE OF FULL SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, %, MEXICO, 2017 VS 2023 VS 2029
  1. Figure 20:  
  2. VALUE OF ASIAN FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 21:  
  2. VALUE SHARE OF ASIAN FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 22:  
  2. VALUE OF EUROPEAN FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF EUROPEAN FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 24:  
  2. VALUE OF LATIN AMERICAN FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 25:  
  2. VALUE SHARE OF LATIN AMERICAN FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 26:  
  2. VALUE OF MIDDLE EASTERN FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF MIDDLE EASTERN FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 28:  
  2. VALUE OF NORTH AMERICAN FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 29:  
  2. VALUE SHARE OF NORTH AMERICAN FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 30:  
  2. VALUE OF OTHER FSR CUISINES MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 31:  
  2. VALUE SHARE OF OTHER FSR CUISINES FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 32:  
  2. VALUE OF QUICK SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, USD, MEXICO, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF QUICK SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, %, MEXICO, 2017 VS 2023 VS 2029
  1. Figure 34:  
  2. VALUE OF BAKERIES FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 35:  
  2. VALUE SHARE OF BAKERIES FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 36:  
  2. VALUE OF BURGER FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 37:  
  2. VALUE SHARE OF BURGER FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 38:  
  2. VALUE OF ICE CREAM FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 39:  
  2. VALUE SHARE OF ICE CREAM FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 40:  
  2. VALUE OF MEAT-BASED CUISINES FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 41:  
  2. VALUE SHARE OF MEAT-BASED CUISINES FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 42:  
  2. VALUE OF PIZZA FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF PIZZA FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 44:  
  2. VALUE OF OTHER QSR CUISINES FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 45:  
  2. VALUE SHARE OF OTHER QSR CUISINES FOODSERVICE MARKET BY OUTLETS, %, MEXICO, 2022 VS 2029
  1. Figure 46:  
  2. VALUE OF FOODSERVICE MARKET BY OUTLET, USD, MEXICO, 2017 - 2029
  1. Figure 47:  
  2. VALUE SHARE OF FOODSERVICE MARKET, %, BY OUTLET, MEXICO, 2017 VS 2023 VS 2029
  1. Figure 48:  
  2. VALUE OF FOODSERVICE MARKET VIA CHAINED OUTLETS, USD, MEXICO, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF CHAINED OUTLETS FOODSERVICE MARKET BY FOODSERVICE TYPE, %, MEXICO, 2022 VS 2029
  1. Figure 50:  
  2. VALUE OF FOODSERVICE MARKET VIA INDEPENDENT OUTLETS, USD, MEXICO, 2017 - 2029
  1. Figure 51:  
  2. VALUE SHARE OF INDEPENDENT OUTLETS FOODSERVICE MARKET BY FOODSERVICE TYPE, %, MEXICO, 2022 VS 2029
  1. Figure 52:  
  2. VALUE OF FOODSERVICE MARKET BY LOCATION, USD, MEXICO, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF FOODSERVICE MARKET, %, BY LOCATION, MEXICO, 2017 VS 2023 VS 2029
  1. Figure 54:  
  2. VALUE OF FOODSERVICE MARKET VIA LEISURE LOCATION, USD, MEXICO, 2017 - 2029
  1. Figure 55:  
  2. VALUE SHARE OF LEISURE FOODSERVICE MARKET BY FOODSERVICE TYPE, %, MEXICO, 2022 VS 2029
  1. Figure 56:  
  2. VALUE OF FOODSERVICE MARKET VIA LODGING LOCATION, USD, MEXICO, 2017 - 2029
  1. Figure 57:  
  2. VALUE SHARE OF LODGING FOODSERVICE MARKET BY FOODSERVICE TYPE, %, MEXICO, 2022 VS 2029
  1. Figure 58:  
  2. VALUE OF FOODSERVICE MARKET VIA RETAIL LOCATION, USD, MEXICO, 2017 - 2029
  1. Figure 59:  
  2. VALUE SHARE OF RETAIL FOODSERVICE MARKET BY FOODSERVICE TYPE, %, MEXICO, 2022 VS 2029
  1. Figure 60:  
  2. VALUE OF FOODSERVICE MARKET VIA STANDALONE LOCATION, USD, MEXICO, 2017 - 2029
  1. Figure 61:  
  2. VALUE SHARE OF STANDALONE FOODSERVICE MARKET BY FOODSERVICE TYPE, %, MEXICO, 2022 VS 2029
  1. Figure 62:  
  2. VALUE OF FOODSERVICE MARKET VIA TRAVEL LOCATION, USD, MEXICO, 2017 - 2029
  1. Figure 63:  
  2. VALUE SHARE OF TRAVEL FOODSERVICE MARKET BY FOODSERVICE TYPE, %, MEXICO, 2022 VS 2029
  1. Figure 64:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, MEXICO, 2019 - 2023
  1. Figure 65:  
  2. MOST ADOPTED STRATEGIES, COUNT, MEXICO, 2019 - 2023
  1. Figure 66:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, MEXICO, 2022

Mexico Foodservice Industry Segmentation

Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants are covered as segments by Foodservice Type. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location.

  • Quick service restaurants held the largest market share in the Mexican foodservice market in 2022. The segment registered a CAGR of 9.19% by value during the study period. This is because fast food options are considered more affordable meal-purchasing options in Mexico. The average order value in Mexican quick service restaurants was USD 5.15, while the same value was USD 9.51 and USD 10.43 in cafes & bars and full service restaurant segments, respectively.
  • A major challenge for the quick service restaurants segment in Mexico is the ban on fast-food sales to minors imposed by various state governments in the country. For instance, more than 50 jurisdictions in Mexico have imposed taxes on sugar-sweetened beverages during the past ten years, discouraging consumers from purchasing hazardous items. This strategy is aimed at and expected to stop 239,000 cases of obesity, almost 40% of which will occur in children. The states of Oaxaca and Tabasco passed restrictions on the sale of sugary bottled drinks and high-carbohydrate snacks in 2020, and many more states are expected to follow.
  • The Mexican cloud kitchen market is projected to grow and register a CAGR of 13.41% by value during the forecast period. The market is expected to continue its rapid growth due to continual funding by venture capitalists, private equity firms, and angel investors toward the new entrants in the market. Unlike other markets in the region, the Mexican cloud kitchen market is highly fragmented, with the top 10 chains holding only around 5% share of the market. Therefore, chained cloud kitchens are projected to register a CAGR of 15.58% by value during the forecast period.
Foodservice Type
Cafes & Bars
By Cuisine
Bars & Pubs
Cafes
Juice/Smoothie/Desserts Bars
Specialist Coffee & Tea Shops
Cloud Kitchen
Full Service Restaurants
By Cuisine
Asian
European
Latin American
Middle Eastern
North American
Other FSR Cuisines
Quick Service Restaurants
By Cuisine
Bakeries
Burger
Ice Cream
Meat-based Cuisines
Pizza
Other QSR Cuisines
Outlet
Chained Outlets
Independent Outlets
Location
Leisure
Lodging
Retail
Standalone
Travel

Report scope can be customized per your requirements. Click here.

Market Definition

  • FULL-SERVICE RESTAURANTS - A foodservice establishment where customers are seated at a table, give their order to a server and are served food at a table.
  • QUICK SERVICE RESTAURANTS - A foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables.
  • CAFES & BARS - A type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars.
  • CLOUD KITCHEN - A foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers.

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for the market forecast are set, and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market size estimations for the forecast years are in nominal terms. Inflation is considered for average order value, and it is forecasted as per predicted inflation rates in the countries.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

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Mexico Foodservice Market Research FAQs

The Mexico Foodservice Market size is expected to reach USD 83.13 billion in 2023 and grow at a CAGR of 8.92% to reach USD 138.81 billion by 2029.

In 2023, the Mexico Foodservice Market size is expected to reach USD 83.13 billion.

Alsea SAB de CV, Arcos Dorados Holdings Inc., CMR SAB de CV, Grupo Gigante SAB de CV and Yum! Brands Inc. are the major companies operating in the Mexico Foodservice Market.

In the Mexico Foodservice Market, the Quick Service Restaurants segment accounts for the largest share by foodservice type.

In 2023, the Cloud Kitchen segment accounts for the fastest growing by foodservice type in the Mexico Foodservice Market.

Mexico Foodservice Industry Report

Statistics for the 2022 Mexico Foodservice market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Foodservice analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Mexico Foodservice Market Report Snapshots