PROSPECTS AND OPPORTUNITIES
Current value rises to continue throughout forecast period
Vending in Mexico is expected to maintain healthy growth in current value terms over the forecast period, with snacks and soft drinks remaining the most popular products. However, in the short term, an expansion in the range of products offered through vending machines is anticipated, including fresh food options.
Increased investment in smart vending machines
Vending is a key choice for many consumers in Mexico, as it is a channel that offers convenience and quick access to products on-the-go. However, the boom of e-commerce and the availability of fast delivery options (quick commerce can deliver orders within a timeframe of 10-30 minutes) have eroded the convenience advantage associated with vending machines.
Vending still holds high potential for future growth
The vending channel has considerable room for growth in Mexico over the forecast period, as it remains underdeveloped in the market compared with other countries. For example, sales per capita through vending machines are extremely low in Mexico compared with Canada or the US.
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Overview:
Understand the latest market trends and future growth opportunities for the Vending industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Vending industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Vending in Mexico report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Vending in Mexico?
- Which are the leading retailers in Vending in Mexico?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Vending in Mexico - Category analysis
KEY DATA FINDINGS
Boom in tourism and improved economic conditions support growth for vending in 2024
Competitive landscape remains highly consolidated
Touchless technology and electronic payment methods help drive expansion
Current value rises to continue throughout forecast period
Increased investment in smart vending machines
Vending still holds high potential for future growth
Retail in Mexico - Industry Overview
Retail in 2024: The big picture
Artificial intelligence spearheads innovation in Mexico’s retail landscape
Investing in omnichannel capabilities is key for success
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Season
Back to School
Hot Sale
Buen Fin
DISCLAIMER
Vending
Vending (automatic merchandising) is the sale of products at an unattended point of sale through a machine operated by introducing coins, bank notes, payment cards, tokens or other means of cashless payment. Sales figures cover vended products only (i.e. food, drink and other consumable goods such as vended tobacco, sanitary products and condoms). Services such as the public telephone, launderette facilities, travel tickets, stamps, passport photographs, domestic energy supplies and business card creation are excluded. Coverage includes vending systems installed in public and semi-captive environments only. Hotels, transport networks, recreational centres, shopping centres/malls are included. Factories, offices, hospitals, prisons, schools and other captive environments are excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Vending research and analysis database.
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