Report
Mexico Retail Market 2025-2029
Mexico Retail Market Forecast (2025–2029)
The Mexico retail market is projected to expand by USD 78.45 billion between 2024 and 2029, growing at a CAGR of 4.6%. This growth is driven by the proliferation of new retail outlets, creative packaging innovations, and evolving marketing strategies from leading retailers.
Market Overview
The retail landscape in Mexico is undergoing transformation, influenced by several key factors:
- Increasing population and rising disposable income, fueling consumer spending
- Expansion of retail chains and mini marts, especially in urban and semi-urban areas
- Growing adoption of e-commerce and contactless payments
Retailers are enhancing the in-store experience with unique product offerings and promotions. However, challenges remain in the form of logistics and supply chain inefficiencies, which are compounded by infrastructure limitations. Overcoming these hurdles is essential for sustaining long-term growth.
In summary: While Mexico’s retail market shows strong momentum and innovation, resolving logistical challenges will be vital for continued progress.
Market Dynamics
- Brick-and-Mortar Leadership: Traditional retail formats, especially hypermarkets and big-box retailers, continue to dominate
- Digital Shift: E-commerce and mobile commerce are on the rise, led by younger, tech-savvy consumers
- Tech Integration: Use of data analytics, AI, personalized marketing, and inventory management systems is enhancing operational efficiency
- Omnichannel Retailing: Seamless integration of online and offline channels is becoming the norm
- Emerging Technologies:
- Chatbots, AR/VR, machine learning
- Last-mile delivery solutions and loyalty programs to improve customer experience
Retail Sub-Sectors with High Potential
- Supermarkets & Hypermarkets
- Convenience Stores & Specialty Stores
- Online Retail Platforms
- Motor Vehicle & Parts Dealers
- Gasoline Stations
- Cosmetics and Personal Care Retailers
Popular product categories include consumer electronics, furniture, clothing, and home appliances.
Technological Transformation in Retail
- AI & Machine Learning: Powering targeted marketing and operational insights
- AR/VR: Redefining customer interaction and product display
- Big Data & Robotics: Enhancing warehouse and logistics operations
- Cross-selling & Upselling: Supported by advanced CRM tools
- Personalized Promotions: Built around data-driven loyalty programs
Conclusion
The Mexico retail market is poised for steady growth, shaped by rising consumer demand, technological innovation, and the expansion of retail infrastructure. To capitalize on this momentum, retailers must address supply chain inefficiencies, adopt data-driven strategies, and deliver personalized customer experiences across channels.
Table of Content
1 Executive Summary
1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis
4 Market Sizing
4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
- Chart on Mexico - Market size and forecast 2023-2028 ($ million)
- Data Table on Mexico - Market size and forecast 2023-2028 ($ million)
- Chart on Mexico: Year-over-year growth 2023-2028 (%)
- Data Table on Mexico: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
5.1 Retail in Mexico 2018 - 2022
- Historic Market Size - Data Table on Retail in Mexico 2018 - 2022 ($ million)
5.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
5.3 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 The AI impact on the Retail Market in Mexico
7 Five Forces Analysis
7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Product
8.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
8.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
8.3 PFD and AB and TP - Market size and forecast 2023-2028
- Chart on PFD and AB and TP - Market size and forecast 2023-2028 ($ million)
- Data Table on PFD and AB and TP - Market size and forecast 2023-2028 ($ million)
- Chart on PFD and AB and TP - Year-over-year growth 2023-2028 (%)
- Data Table on PFD and AB and TP - Year-over-year growth 2023-2028 (%)
8.4 Personal and household care - Market size and forecast 2023-2028
- Chart on Personal and household care - Market size and forecast 2023-2028 ($ million)
- Data Table on Personal and household care - Market size and forecast 2023-2028 ($ million)
- Chart on Personal and household care - Year-over-year growth 2023-2028 (%)
- Data Table on Personal and household care - Year-over-year growth 2023-2028 (%)
8.5 AF and A - Market size and forecast 2023-2028
- Chart on AF and A - Market size and forecast 2023-2028 ($ million)
- Data Table on AF and A - Market size and forecast 2023-2028 ($ million)
- Chart on AF and A - Year-over-year growth 2023-2028 (%)
- Data Table on AF and A - Year-over-year growth 2023-2028 (%)
8.6 Electrical and electronics - Market size and forecast 2023-2028
- Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
- Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
- Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
- Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
8.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
8.8 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
9 Market Segmentation by Distribution Channel
9.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
9.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
9.3 Offline - Market size and forecast 2023-2028
- Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Chart on Offline - Year-over-year growth 2023-2028 (%)
- Data Table on Offline - Year-over-year growth 2023-2028 (%)
9.4 Online - Market size and forecast 2023-2028
- Chart on Online - Market size and forecast 2023-2028 ($ million)
- Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Chart on Online - Year-over-year growth 2023-2028 (%)
- Data Table on Online - Year-over-year growth 2023-2028 (%)
9.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)
10 Customer Landscape
10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
- Overview on factors of disruption
12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
- Companies covered
13.2 Company ranking index
- Company ranking index
13.3 Market positioning of companies
- Matrix on companies position and classification
13.4 Coppel SA de CV
- Coppel SA de CV - Overview
- Coppel SA de CV - Product / Service
- Coppel SA de CV - Key offerings
- SWOT
13.5 Costco Wholesale Corp.
- Costco Wholesale Corp. - Overview
- Costco Wholesale Corp. - Business segments
- Costco Wholesale Corp. - Key news
- Costco Wholesale Corp. - Key offerings
- Costco Wholesale Corp. - Segment focus
- SWOT
13.6 El Puerto de Liverpool
- El Puerto de Liverpool - Overview
- El Puerto de Liverpool - Product / Service
- El Puerto de Liverpool - Key offerings
- SWOT
13.7 Grupo Carso SAB de CV
- Grupo Carso SAB de CV - Overview
- Grupo Carso SAB de CV - Business segments
- Grupo Carso SAB de CV - Key offerings
- Grupo Carso SAB de CV - Segment focus
- SWOT
13.8 Grupo Comercial Chedraui SAB de CV
- Grupo Comercial Chedraui SAB de CV - Overview
- Grupo Comercial Chedraui SAB de CV - Business segments
- Grupo Comercial Chedraui SAB de CV - Key offerings
- Grupo Comercial Chedraui SAB de CV - Segment focus
- SWOT
13.9 Heineken NV
- Heineken NV - Overview
- Heineken NV - Business segments
- Heineken NV - Key offerings
- Heineken NV - Segment focus
- SWOT
13.10 La Comer SAB de CV
- La Comer SAB de CV - Overview
- La Comer SAB de CV - Product / Service
- La Comer SAB de CV - Key offerings
- SWOT
13.11 MercadoLibre S de RL de CV
- MercadoLibre S de RL de CV - Overview
- MercadoLibre S de RL de CV - Product / Service
- MercadoLibre S de RL de CV - Key offerings
- SWOT
13.12 Organizacion Soriana
- Organizacion Soriana - Overview
- Organizacion Soriana - Product / Service
- Organizacion Soriana - Key offerings
- SWOT
13.13 Walmart Inc.
- Walmart Inc. - Overview
- Walmart Inc. - Business segments
- Walmart Inc. - Key news
- Walmart Inc. - Key offerings
- Walmart Inc. - Segment focus
- SWOT
Research Methodology
All our research reports employ a mixed-methods approach, leveraging both primary and secondary research techniques to develop a comprehensive and well-informed analysis. The methodology ensures a balanced perspective by combining data-driven insights with expert opinions.
1. Secondary Research
Secondary research formed the foundation of the study, offering a contextual understanding of the market landscape, historical trends, and existing data. This phase involved gathering and analyzing information from:
- Industry reports and whitepapers (e.g., McKinsey, Deloitte, Statista)
- Academic journals and case studies
- Company reports, investor presentations, and press releases
- Government databases and regulatory publications
- Trade publications, industry blogs, and news articles
2. Primary Research
To validate and complement secondary findings, extensive primary research was conducted. This included both quantitative data collection and qualitative insights, particularly through expert consultations.
a. Expert Consultations (Qualitative Primary Research)
In-depth interviews were conducted with a wide range of industry stakeholders, including:
- Industry experts and consultants
- Senior executives and decision-makers
- Product managers and supply chain professionals
- Academic researchers and analysts
b. Surveys and Questionnaires (Quantitative Primary Research)
Structured surveys were distributed among:
- End-users/consumers
- Retailers and distributors
- Business-to-business (B2B) buyers
3. Data Validation and Triangulation
Findings from secondary and primary sources were cross-validated through data triangulation to ensure accuracy, consistency, and reliability. This process involved comparing insights from different sources and reconciling discrepancies through expert feedback.
4. Analytical Tools and Frameworks
Various analytical models were applied to interpret the collected data:
- SWOT Analysis for understanding strengths, weaknesses, opportunities, and threats
- Porter’s Five Forces to assess market competitiveness
- PESTLE Analysis to evaluate external macroeconomic influences
- Forecasting Models using historical data trends and regression analysis
Conclusion
The combination of comprehensive secondary research and robust primary data collection—enhanced by expert consultations—ensured the development of a well-rounded and in-depth analysis. This approach enables strategic decision-making backed by both empirical evidence and industry expertise.
For detailed methodology for this particular report please write to us on info@syovi.com