Mexico: Retail Foods
During CY 2018, Mexico remained the second largest consumer market in Latin America (after Brazil). Consumer expenditure per capita totaled USD $6,461, in 2018, and this expenditure is expected to grow by 1.6 percent in 2019. The retail sector had single-digit sales value growth in 2018 (5 percent on “same stores” and 8.5 percent on total stores), and part of that growth came from inflationary pressures rather than solely sales volume. Major multinationals and local companies will continue to expand throughout Mexico, launching their online platforms to capture new consumers via e-commerce and m-commerce (mobile purchases).
