Mexico Retail Market by Product Type, Distribution Channel, End User 2024-2032
                     Mexico Retail Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
IMARC Group is  a g lobal  management  consul t ing f i rm that  he lps the wor ld ’s  most  ambi t ious 
changemakers  to create a las t ing impact .  Across the s ix  major  cont inents  and 100+ count r ies ,  we 
work a longside our  bus iness par tners  as one team wi th  a common ambi t ion to achieve unparal le led 
resul ts ,  gain a compet i t ive edge,  and t ransform indust r ies .  IMARC Group excels  in  unders tanding 
i ts  c l ients ’  bus iness pr ior i t ies  and del iver ing ta i lored solut ions that  dr ive meaningfu l  outcomes.  Our 
c l ient  base spans over  3,000 organizat ions in  the pr ivate,  publ ic ,  and soc ia l  sectors ,  ranging f rom 
high-growth s tar tups to For tune 500 companies.
We prov ide a comprehensive sui te of  market  entry  and expansion serv ices.  Our of fer ings inc lude 
thorough market  assessment ,  feas ib i l i ty  s tudies,  company incorporat ion ass is tance,  fac tory  setup 
suppor t ,  regulatory  approvals and l icens ing navigat ion,  branding,  market ing and sales st rategies,  
compet i t ive landscape and benchmark ing analyses,  pr ic ing and cost  research,  and procurement  
research.  These serv ices are des igned to ass is t  companies in  evaluat ing market  oppor tuni t ies ,  
set t ing up new ent i t ies ,  navigat ing regulatory landscapes,  boost ing brand v is ib i l i ty ,  analyz ing 
compet i tors,  and opt imiz ing procurement  s t rategies.
A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " M e x i c o  R e t a i l  M a r k e t :  I n d u s t r y  
T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 4 - 2 0 3 2 , "  t h e  M e x i c o  r e t a i l  
m a r k e t  s i z e  r e a c h e d  U S $  4 3 3 . 6 5  B i l l i o n  i n   2 0 2 3  .
O n e  o f  t h e  p r i m a r y  f a c t o r s  i s  t h e  s t e a d y  i m p r o v e m e n t  i n  M e x i c o ' s  e c o n o m i c  c o n d i t i o n s ,  w h i c h  
i s  l e a d i n g  t o  i n c r e a s e d  c o n s u m e r  s p e n d i n g  p o w e r .  A s  t h e  c o u n t r y  e x p e r i e n c e s  a  r i s e  i n  
Report d i s p o s a b l e  i n c o m e ,  m o r e  p e o p l e  a r e  p a r t i c i p a t i n g  i n  t h e  r e t a i l  s e c t o r ,  e s p e c i a l l y  i n  u r b a n  a r e a s .  T h i s  e c o n o m i c  s t a b i l i t y  i s  f u r t h e r  s u p p o r t e d  b y  g o v e r n m e n t  i n i t i a t i v e s  a i m e d  a t  
e n h a n c i n g  c o n s u m e r  c o n f i d e n c e ,  s u c h  a s  f i s c a l  r e f o r m s  a n d  s o c i a l  p r o g r a m s ,  t h a t  a r e  
Highlight and e x p a n d i n g  t h e  m i d d l e  c l a s s ,  t h e r e b y  d r i v i n g  t h e  d e m a n d  f o r  a  v a r i e t y  o f  r e t a i l  g o o d s ,  r a n g i n g  f r o m  n e c e s s i t i e s  t o  l u x u r y  i t e m s .  
A n o t h e r  s i g n i f i c a n t  f a c t o r  i s  t h e  r a p i d  u r b a n i z a t i o n  i n  M e x i c o .  W i t h  m o r e  p e o p l e  m o v i n g  t o  
Description c i t i e s ,  t h e r e  i s  a  g r o w i n g  d e m a n d  f o r  m o d e r n  r e t a i l  f o r m a t s ,  i n c l u d i n g  s h o p p i n g  m a l l s ,  s u p e r m a r k e t s ,  a n d  c o n v e n i e n c e  s t o r e s .  T h i s  u r b a n  m i g r a t i o n  i s  a l s o  l e a d i n g  t o  c h a n g e s  i n  
c o n s u m e r  p r e f e r e n c e s ,  w i t h  a  g r e a t e r  i n c l i n a t i o n  t o w a r d s  c o n v e n i e n c e ,  v a r i e t y ,  a n d  q u a l i t y .  
A s  a  r e s u l t ,  t h e  r e t a i l  l a n d s c a p e  i n  M e x i c o  i s  b e c o m i n g  s o p h i s t i c a t e d ,  w i t h  r e t a i l e r s  o f f e r i n g  a  
w i d e r  r a n g e  o f  p r o d u c t s  a n d  s e r v i c e s  t o  c a t e r  t o  t h e  d i v e r s e  n e e d s  o f  u r b a n  c o n s u m e r s .
R e q u e s t  f o r  a  P D F  s a m p l e  o f  t h i s  r e p o r t :  
h t t p s : / / w w w . i m a r c g r o u p . c o m / m e x i c o - r e t a i l - m a r k e t / r e q u e s t s a m p l e
Report Description
M ex i co  Re t a i l  M ar ke t  T rend s :
The  d ig i t a l  t r ans f o r m a t ion  i s  a l so  p lay ing  a  c r i t i ca l  r o le  i n  s hap ing  t he  M e x ico  r e t a i l  m a r ke t .  E - co m m er ce  i s  e xpe r ienc in g  
expon en t i a l  g r ow t h  i n  r ecen t  yea r s ,  f ue l ed  by  i nc r eas in g  in t e r ne t  pene t r a t i on  and  sm ar t phone  us age .  Bu ye r s  a r e  now  
m or e  c om f o r t ab le  w i t h  on l i n e  s hopp in g ,  wh ich  i s  l e ad ing  t o  a  r i s e  i n  d em an d  f o r  on l i n e  r e t a i l  p l a t f o r m s .  Re t a i l e r s  a r e  
i nves t i ng  heav i l y  i n  t he i r  on l i ne  p r ese nce ,  o f f e r i ng  seam less  shop p ing  e xpe r ie nce s  t h r ough  webs i t es  and  m ob i l e  apps .  
The  r i se  o f  f i n t e ch  so lu t i ons  i n  M ex i c o ,  such  as  d ig i t a l  wa l l e t s  and  on l i n e  pay m en t  op t i ons ,  i s  f u r t he r  f a c i l i t a t i n g  t h e  
g r ow t h  o f  e - com m er ce  b y  m a k ing  t r a nsac t i ons  m or e  a ccess i b le  and  s ecu r e  f o r  a  b r o ade r  s egm en t  o f  t he  popu la t i on .  I n  
add i t i o n ,  t he  i n f l uenc e  o f  g loba l  r e t a i l  t r en ds  c anno t  be  ov e r lo oked .  I n t e r na t i ona l  r e t a i l e r s  a r e  en t e r i ng  t he  M ex ica n  
m ar k e t ,  b r i ng ing  w i t h  t h em  adv anced  r e t a i l  p r ac t i ces  and  t e chno lo g ies .  T h i s  i s  i n t ens i f y i ng  com pe t i t i on ,  com pe l l i n g  
dom es t i c  r e t a i le r s  t o  i nn ova t e  and  im pr ove  t he i r  o f f e r i ngs .  The  in t eg r a t i on  o f  om n icha nne l  s t r a t e g ies ,  whe r e  p hys i c a l  
s t o r e s  a nd  o n l i ne  p la t f o r m s  a r e  se am les s l y  conne c t ed ,  i s  bec om in g  m o r e  p r eva len t .  Re t a i l e r s  a r e  now  f ocu s ing  on  
p r ov id ing  a  c on s i s t en t  and  pe r s ona l i z ed  sh opp i ng  ex pe r ie nce  ac r o ss  a l l  ch anne ls ,  wh ich  i s  enh anc in g  cus t om e r  
sa t i s f ac t i on  and  l oya l t y .
Vi ew  Repo r t  T O C,  F i g ures  and  T ab l e s :  h t t ps : / / w w w . i mar cgrou p . com / m ex i c o - re t a i l - mark e t
Product Insights:
• Food and Beverages
• Personal  and Household Care
• Apparel ,  Footwear and Accessories
• Furniture,  Toys and Hobby
• Electronic and Household Appl iances
Report • Others
Segmentation
Distribution Channel Insights:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others
Regional Insights:
• Northern Mexico
• Central  Mexico
• Southern Mexico
• Others
Report 
Segmentation
How has the Mexico retail market performed so far 
and how will it perform in the coming years?
What has been the impact of COVID-19 on the 
Mexico retail market?
What is the breakup of the Mexico retail market on 
Key the basis of product?
Questions What is the breakup of the Mexico retail market on the basis of distribution channel?
Answered in 
What are the various stages in the value chain of 
the Mexico retail market? 
the Report
What are the key driving factors and challenges in 
the Mexico retail?
What is the structure of the Mexico retail market 
and who are the key players?
What is the degree of competition in the Mexico 
retail market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4    M e x i c o  R e t a i l  M a r k e t  -  I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     M a r k e t  D y n a m i c s
    4 . 3     I n d u s t r y  T r e n d s
    4 . 4     C o m p e t i t i v e  I n t e l l i g e n c e
5    M e x i c o  R e t a i l  M a r k e t  L a n d s c a p e
    5 . 1     H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
    5 . 2     M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6    M e x i c o  R e t a i l  M a r k e t  -  B r e a k u p  b y  P r o d u c t
    6 . 1     F o o d  a n d  B e v e r a g e s
        6 . 1 . 1  O v e r v i e w
        6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 2     P e r s o n a l  a n d  H o u s e h o l d  C a r e
        6 . 2 . 1  O v e r v i e w
        6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
       
    6 . 3     A p p a r e l ,  F o o t w e a r  a n d  A c c e s s o r i e s
        6 . 3 . 1  O v e r v i e w
        6 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 4     F u r n i t u r e ,  T o y s  a n d  H o b b y
        6 . 4 . 1  O v e r v i e w
        6 . 4 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 4 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 5     E l e c t r o n i c  a n d  H o u s e h o l d  A p p l i a n c e s
        6 . 5 . 1  O v e r v i e w
        6 . 5 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
Table of         6 . 5 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 6     O t h e r s
        6 . 6 . 1  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
Contents         6 . 6 . 2  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )7    M e x i c o  R e t a i l  M a r k e t  -  B r e a k u p  b y  D i s t r i b u t i o n  C h a n n e l  
    7 . 1     S u p e r m a r k e t s  a n d  H y p e r m a r k e t s
        7 . 1 . 1  O v e r v i e w
        7 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 2     C o n v e n i e n c e  S t o r e s
        7 . 2 . 1  O v e r v i e w
        7 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 3     S p e c i a l t y  S t o r e s
        7 . 3 . 1  O v e r v i e w
        7 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /m ex i c o - re ta i l -m a rke t / t o c
Partial List of Clients
Partial List of Clients
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