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Mexico Fast Food Market Size, Share, Growth, Trends, Report: By Product Type: Pizza/Pasta, Burgers/Sandwiches, Asian/Latin American Food, Others; By End User: Full-Service Restaurants, Quick Service Restaurants, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Mexico Fast Food Market Outlook
The Mexico fast food market size reached USD 11.00 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching almost USD 16.15 billion by 2032.
Key Takeaways:
- Over 47% of Mexicans chose to visit a fast-food restaurant when eating outside.
- Nearly 9.7% of Mexico’s food establishments are based in Mexico City.
- Burger King, Mcdonald's, and Starbucks are some of the most popular fast food restaurant chains in Mexico.
The Mexico fast food market growth is witnessing an evolution, buoyed by factors such as rising health-consciousness and the growing focus on overall well-being. This is surging the demand for healthy and high-quality fast food and beverage options. Moreover, the increasing popularity of restaurants that provide affordable combos of meals and beverages is aiding the market growth. Major chains like MUY restaurants are actively expanding their presence across Guadalajara, Monterrey, and other major cities to attract wide customer bases seeking delicious yet affordable fast food options.
Rising demand for bold and innovative flavours, especially by young customers, is further propelling the Mexico fast food market development. Besides, the robustly growing tourism sector of the country is further aiding the demand for fast food in Mexico. The expansion of international fast food chains in the country is also positively influencing the market growth.
The rising popularity of online food distribution channels among Mexican consumers is expected to fuel the Mexico fast food market expansion in the forecast period. This is because of increased accessibility to the internet and high smartphone penetration rates. Every 5/10 Mexican consumer prefers to order in, and it is estimated that social media can become an important source of leads for companies to serve their consumers by recording a tenfold increase in order placing over the forecast period. Some of the most popular apps dominating the online food ordering landscape in Mexico include Uber Eats, Sin Delantal, Rappi, and Didi Foods.
Market Segmentation
Mexico Fast Food Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Pizza/Pasta
- Burgers/Sandwiches
- Asian/Latin American Food
- Others
Market Breakup by End User
- Full-Service Restaurants
- Quick Service Restaurants
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico fast food market players are Domino's Pizza Inc., Yum! Brands, Inc., McDonald's Corp., Papa John's International, Inc., Subway IP LLC, Restaurant Brands International Inc., Inspire Brands, Inc., Focus Brands LLC, Wendy’s International, LLC, and Little Caesar Enterprises, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Fast Food Market Overview
8.1 Key Industry Highlights
8.2 Latin America Fast Food Historical Market (2018-2023)
8.3 Latin America Fast Food Market Forecast (2024-2032)
8.4 Latin America Fast Food Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico Fast Food Market Overview
9.1 Key Industry Highlights
9.2 Mexico Fast Food Historical Market (2018-2023)
9.3 Mexico Fast Food Market Forecast (2024-2032)
10 Mexico Fast Food Market by Product Type
10.1 Pizza/Pasta
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Burgers/Sandwiches
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Asian/Latin American Food
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Mexico Fast Food Market by End User
11.1 Full-Service Restaurants
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Quick Service Restaurants
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Mexico Fast Food Market by Region
12.1 Baja California
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Northern Mexico
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 The Bajío
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Central Mexico
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Pacific Coast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Yucatan Peninsula
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Domino's Pizza Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Yum! Brands, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 McDonald's Corp.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Papa John's International, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Subway IP LLC
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Restaurant Brands International Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Inspire Brands, Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Focus Brands LLC
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Wendy’s International, LLC
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Little Caesar Enterprises, Inc.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Fast Food Market: Key Industry Highlights, 2018 and 2032
2. Mexico Fast Food Market: Key Industry Highlights, 2018 and 2032
3. Mexico Fast Food Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Mexico Fast Food Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Mexico Fast Food Historical Market: Breakup by End User (USD Billion), 2018-2023
6. Mexico Fast Food Market Forecast: Breakup by End User (USD Billion), 2024-2032
7. Mexico Fast Food Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Mexico Fast Food Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Mexico Fast Food Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 11.00 billion in 2023.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 16.15 billion in 2032.
The major end users of fast food include full-service restaurants and quick service restaurants, among others.
The different products considered in the market report are pizza/pasta, burgers/sandwiches, and Asian/Latin American food, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Domino's Pizza Inc., Yum! Brands, Inc., McDonald's Corp., Papa John's International, Inc., Subway IP LLC, Restaurant Brands International Inc., Inspire Brands, Inc., Focus Brands LLC, Wendy’s International, LLC, and Little Caesar Enterprises, Inc., among others.
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