Mexico

High inflation and a rise in the cost of living has put the squeeze on consumers’ disposable income in 2023 with the prices of food and services shooting up. With consumers being faced with more limited budgets this has encouraged them to prioritise…

Plant-based dairy in Mexico is mainly represented by plant-based milk products such as oat milk or coconut milk. Demand for alternatives to cow’s milk is being driven by two major trends – health concerns and environmental awareness. Plant-based milk…

Polishes recorded another year of modest retail volume growth in 2023, with sales returning to the pre-pandemic level, with more significant current value growth. Volume growth was driven largely by shoe polish, supported by the revival of…

Over 2023, portable players is projected to continue to see double-digit retail volume growth and high single-digit retail current value growth. However, there remain significant divergences within the category in terms of retail volume and current…

Pre-paid cards is a form of payment, whether in physical or digital format, that closely resembles conventional debit and credit cards. In 2023, pre-paid cards is set to experience a positive performance, largely thanks to the rise of e-commerce, and…

Value sales of premium and luxury cars grew by 2% to total MXN52.1 billion in 2023 due to increased demand from high-income consumers, who proved to be steadfast despite macroeconomic headwinds. Wealth determines the degree of demand that exists for…

Premium beauty and personal care witnessed dynamic growth in current value terms in 2022, albeit slightly slower compared to 2021. Premium beauty and personal care outpaced the growth of the mass segment. However, the gap between the growth of the…

Shelf stable beans is the largest retail volume category in processed fruit and vegetables, because it is primarily a key ingredient in traditional Mexican cuisine. Consumption per capita of shelf stable beans in Mexico is among the highest in Latin…

After the very strong growth spike as a result of home seclusion and the ideal nature of these products for stockpiling at home when the pandemic hit in 2020, packaging unit volume sales were stagnating in 2021. However, processed fruit and…

Packaging unit volume sales in processed meat and seafood in Mexico recorded healthy growth in 2023, following two years of more modest performances. After demand spiked in 2020 due to the pandemic, with consumers stocking up on products with long…

Processed meat, seafood, and alternatives to meat continues to record solid retail volume growth in 2023. However, it must be considered that in 2022, demand was weak due to the negative impact of high inflation. During 2022, local consumers were…

The Puebla in Mexico report provides comprehensive city level information benchmarked against other cities in the country and region. The report includes historic data and forecasts on city population, consumer expenditure, digital penetration,…

Beans are perceived as a basic staple by Mexican consumers with these products being used in a wide range of traditional dishes. Furthermore, in times of economic difficulties, they are often seen as an affordable substitute for meat in some popular…

Demand for ready meals packaging rose at its most rapid rate for many years in 2020, as COVID-19 restrictions led to consumers spending more time at home and therefore eating more meals there. Dried ready meals, shelf stable ready meals, frozen ready…

Refrigeration appliances in Mexico has sustained a positive trajectory throughout 2022 and into 2023 in terms of volume sales growth, buoyed by the enduring trend of remote working and hybrid work models that encourage Mexicans to spend increased…

Despite the declining birth rate, Mexico is still a “young country”, with the median age of the population being 29 in 2023. The population of Mexico reached just above 128 million in 2023, with over half of people aged below 34. However, there is a…

Retail e-commerce in Mexico demonstrated outstanding double-digit current value growth over the review period, and 2023 was no exception, with growth across most categories. Indeed, the growth rate experienced by e-commerce in Mexico was amongst the…

After a challenging 2022 due to high inflation, retail sales in Mexico saw healthy growth for a third consecutive year in current value terms in 2023, confirming the effects of the COVID-19 pandemic are far behind. In fact, based on the Consumer…

In 2022, retail tissue faced significant challenges due to high inflation, supply chain disruptions, and rising raw materials costs, particularly cellulose and paper pulp. These factors contributed to a substantial increase in retail current value…

Although the impact of COVID-19 is waning in Mexico, many consumption habits adopted during the pandemic remain prevalent. While demand for rice, pasta, and noodles through foodservice has recovered to pre-pandemic levels, retail volume sales…