Mexico

By the end of 2023, Mexico led Latin America in tourism's contribution to national GDP, accounting for 28.5% of the total, according to the World Travel and Tourism Council. This positioned Mexico as a leading tourist power and highlighted its…

The number of inbound arrivals to Mexico continued to improve in 2023, with the country remaining sixth in the World Tourism Organization (UN Tourism)’s ranking of foreign traveller arrivals, as the speed of recovery to peak levels accelerated,…

Monterrey and Chihuahua are Mexico’s most economically vibrant cities, while Monterrey holds the highest potential for future economic expansion in terms of GDP growth. However, challenges for the country’s cities will persist in the near term due to…

An increase in energy and labour costs, in addition to fluctuations in the exchange rate with respect to the US dollar, has challenged lodging operators in Mexico to maintain profitability, while also facing a greater room offer and thus competition.…

In Mexico, the leading four booking companies comprise 22% share of sales within travel intermediaries: Servicios Booking.com SA de CV, Despegar.com México SA de CV, Expedia México S de RL de CV and Price Res SAPI de CV (Price Travel). Growth in this…

The INPT (National Tourist Price Index) in Mexico comprises six components: Air Transportation, Highway Fees, Restaurants and Bars, Package Tourist Services, Hotels, and Foreign Bus. Out of these, Air Transport presented the highest growth in its…

Mexico's population is set to grow steadily through to 2040, maintaining a youthful demographic led by Gen Alpha and Gen Z, yet emigration is expected to offset some of the growth. Gen Z is set to have the highest average incomes, with millennials…

This report provides valuable insights into product innovation in Mexico, analysing data from Euromonitor’s Innovation platform. The report covers the Beauty, Health and Home categories, showing the level of new brand and sub-brand launch activity.

In 2023, consumers in Mexico were increasingly looking at ways to improve their overall health and wellbeing. This included reducing ingredients deemed harmful at large quantities, such as salt, sugar, and fat. This behaviour was encouraged by the…

In 2023, the rising health trend in Mexico led consumers to increasingly look at labels, specifically interested in fat, salt and sugar levels. This practice was bolstered by the introduction of labelling regulations on packaged food and drinks,…

While consumer interest in health and wellness in Mexico was rising before the onset of the COVID-19 pandemic, the outbreak of the virus bolstered the trend's speed, being a motivation factor that led more consumers to analyse their dietary intake.…

Following the outbreak of COVID-19 in Mexico, consumers have been embracing health and wellness claims, having a revived interest in goods that offer additional wellness benefits. Furthermore, many consumers are looking to reduce ingredients that may…

Consumers in Mexico increasingly seek nutritional benefits from their food and beverage products, with added benefits including high fibre, protein, probiotics, vitamins and minerals gaining ground. This was further boosted by the outbreak of…

An increased focus on maintaining health and improving wellness emerged during the COVID-19 pandemic and has remained strong in Mexico during the post-pandemic era. According to Euromonitor International's Voice of the Consumer: Lifestyles Survey…

The health and wellness industry continues to gain greater significance overall, particularly in the wake of the pandemic, as consumers have become more cognisant of the negative impact of processed food and a range of drinks on their health and…

Although retail demand for yoghurt and sour milk products in Mexico continues to rise in 2024, volume sales of drinking yoghurt, the leading format in the category, are struggling to recover post-pandemic. Yoghurt is considered a convenient product…

After a decline in retail volume terms in 2023, demand for plant-based dairy in Mexico is once again growing in 2024. Soy drinks, which used to be the largest category, has now been surpassed by other plant-based milk, and continues to record a weak…

Other dairy in Mexico continues to record moderate volume growth rates, a trend that is expected to remain relevant in the coming years. Cream and condensed and evaporated milk continue to drive overall demand in 2024. Despite the general outlook of…

Although retail value sales of drinking milk products in Mexico continue to grow in 2024, the overall decline in consumption through the retail channel remains a prevalent trend. This is mainly due to the fact that the population aged between 0 and…

In 2024, retail demand for dairy products and alternatives in Mexico remains below pre-pandemic levels. A key reason for this is related to changes in the demographic structure of Mexican society. Consumers are choosing to have fewer children, have…