Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Consumer Foodservice in Mexico

Mexico consumer foodservice market: 5% growth witnessed during 2012


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-01-21 18:05:03 - Consumer Foodservice in Mexico - a new market research report on companiesandmarkets.com

2009 was disastrous for the Mexican economy; hence also for consumer foodservice. Sales saw a sharp constant value decline in this year, particularly in full-service restaurants. Whilst 2010 saw a further constant value decline in overall consumer foodservice, in 2011 sales began to recover. In 2012, consumer foodservice showed growth of 5% in value terms, indicating a stabilization of the industry after the crisis.

Construction companies recovered well from the financial crisis of 2009, and invested more and more in the construction of shopping malls with higher prices per square metre, making real estate a challenge for companies wanting to expand. According to research, an extra 850,000 sq m will be offered for rent across the country, making malls important

 

 

places to compete for position, but the competition will create higher prices per square metre.

The Mexican economy is seen as stable and growing. It is this perception across the world, along with the unstable and damaged economies in Europe and the good performance in the US economy, which is leading foreign companies´ interest in Mexico. This situation is well illustrated by leading consumer foodservice companies Corporación Mexicana de Restaurantes (CMR) and Alsea. CMR has formed alliances with foreign consumer foodservice groups to invest in Mexico, and Alsea was awarded "Franchise of the Year" by its business partner Brinker for Chili´s Grill & Bar; they are expected to rise to the challenge of achieving double-digit growth for the next five years.

Retail is still the largest location only after stand-alone, and saw the strongest growth, with 8% current value growth in 2012, driven mainly by increasing mall constructions across the country. Lodging locations are expected to benefit from a growing number of hotels offering all-inclusive deals, and have the biggest mark-ups in consumer foodservice; lodging is expected to see a 2% CAGR in terms of outlet numbers in the forecast period.

The performance of consumer foodservice is strongly linked to the country´s economic health and performance. Mexico´s economic expectations are positive in many industries, and consumer foodservice is no exception. It is expected to perform well, led by good investment budgets and growth plans amongst leading companies, with the construction industry putting extra square metres up for rent, and a decreasing forecast unemployment rate amongst the Mexican population.

Click for report details: www.companiesandmarkets.com/Market/Food-and-Drink/Market-Researc ..

Browse all Food and Drink Market Research Reports www.companiesandmarkets.com/Market/Food-and-Drink/Market-Researc ..

Browse all Food and Drink Company Profile Reports www.companiesandmarkets.com/Market/Food-and-Drink/Company-Profil ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser