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Learn moreDec 2020
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Due to the outbreak of COVID-19 in Mexico, on 31 March, the government installed a nationwide lockdown, which closed foodservice outlets and encouraged consumers to stay at home. Non-essential stores were closed, while grocery retailers remained open.
On 31 March, the Mexican government implemented a nationwide restriction on non-essential economic activities in most municipalities, encouraging the population to stay at home. On 16 April, the government extended these restrictions to last until 30 May, with the peak of the COVID-19 epidemic in Mexico occurring in May.
Nestlé SA is set to retain its lead of the landscape in 2020, increasing its share to over 50%, well ahead of second-placed player Mead Johnson Nutrition Co. Nestlé SA benefits from having the leading position in instant coffee, having the popular offering of Nesquik in flavoured powder drinks, while having a strong, established positioning in Mexico, with a loyal consumer base.
Modern grocery retailers will continue to lead sales in 2020, with supermarkets and discounters increasing their share. However, with consumers avoiding multiple visits to stores, many chose larger outlets, which is set to lead to reduced share for convenience stores, as well as independent small grocers.
The closure of bars, restaurants and hotels from March led to a rapid decrease in sales from foodservice, with only delivery and takeaway options available. After the closures, COVID-19 measures were in place on a regional basis, depending on the number of cases in each area.
Recovery for hot drinks in the foodservice channel is expected for the second half of 2021 and 2022. As such, volume growth is predicted to be double-digit for both these years, with consumers visiting restaurants, cafés and bars once more, feeling confident to enjoy hot drinks in public spaces.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Hot Drinks industry in Mexico with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Hot Drinks industry in Mexico, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Mexico for free:
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This industry report originates from Passport, our Hot Drinks market research database.
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.