Mexico: Retail Foods Annual
Link to report:
Mexico’s retail sector remains a dynamic industry with sales reaching $78.4 billion in 2023. Although the majority of consumers still turn to traditional markets, modern chains like Walmart and Soriana continue to attract middle and high-income consumers. Additionally, e-commerce, including grocery and food apps, have increased in popularity with a growing preference for convenience and easy access to goods and services. Retail trends include private label products, healthy snacks and confectionary goods, and plant-based alternatives for meat and dairy. Asian foods and sauces are increasing in popularity due to the growing Asian population, and as popular U.S. Asian food trends, particularly Japanese and Korean cuisine, cross the border
