Food & Beverage Preparation Services in Mexico - Industry Market Research Report

Well prepared: Increased consumer spending in Mexico will lead to industry revenue growth

Food & Beverage Preparation Services in Mexico
The Food and Beverage Preparation Services industry in Mexico consists of various food retailers, including full-service and limited-service restaurants, preparing food for immediate consumption. Over the five years to 2019, operators in this industry encountered a host of challenges. The consumer price index in Mexico, which measures the retail price of common household and consumer goods, has increased over the past five years. This has forced operators to pass down these higher purchasing costs to consumers by raising menu prices. Additionally, the value of the Mexican peso against the US dollar has depreciated during the same period, making it more expensive for operators to purchase imports from the United States. Despite these challenges, industry revenue is anticipated to increase during the current period, largely as a result of increased consumer spending in Mexico. Over the five years to 2024, industry revenue is forecast to continue to rise. The outlook period is expected to be characterized by the onset of nontraditional menus and establishments.Establishments in this industry are mainly dedicated to the preparation of food and beverages for immediate consumption in the premise or for take-out, such as coffee to go and nonalcoholic beverages for immediate consumption. This industry also comprises establishments dedicated to preparing and serving coffee for immediate consumption in combination with coffee roasting and grinding, as well as for drive-thru restaurants. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.