Mexico Fast Food Market Report and Forecast 2024-2032

Mexico Fast Food Market Outlook

The Mexico fast food market size reached USD 11.00 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching almost USD 16.15 billion by 2032.

Key Takeaways:

• Over 47% of Mexicans chose to visit a fast-food restaurant when eating outside.

• Nearly 9.7% of Mexico’s food establishments are based in Mexico City.

• Burger King, Mcdonald's, and Starbucks are some of the most popular fast food restaurant chains in Mexico.

The Mexico fast food market growth is witnessing an evolution, buoyed by factors such as rising health-consciousness and the growing focus on overall well-being. This is surging the demand for healthy and high-quality fast food and beverage options. Moreover, the increasing popularity of restaurants that provide affordable combos of meals and beverages is aiding the market growth. Major chains like MUY restaurants are actively expanding their presence across Guadalajara, Monterrey, and other major cities to attract wide customer bases seeking delicious yet affordable fast food options.

Rising demand for bold and innovative flavours, especially by young customers, is further propelling the Mexico fast food market development. Besides, the robustly growing tourism sector of the country is further aiding the demand for fast food in Mexico. The expansion of international fast food chains in the country is also positively influencing the market growth.

The rising popularity of online food distribution channels among Mexican consumers is expected to fuel the Mexico fast food market expansion in the forecast period. This is because of increased accessibility to the internet and high smartphone penetration rates. Every 5/10 Mexican consumer prefers to order in, and it is estimated that social media can become an important source of leads for companies to serve their consumers by recording a tenfold increase in order placing over the forecast period. Some of the most popular apps dominating the online food ordering landscape in Mexico include Uber Eats, Sin Delantal, Rappi, and Didi Foods.

Market Segmentation

Mexico Fast Food Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Pizza/Pasta

• Burgers/Sandwiches

• Asian/Latin American Food

• Others

Market Breakup by End User

• Full-Service Restaurants

• Quick Service Restaurants

• Others

Market Breakup by Region

• Baja California

• Northern Mexico

• The Bajío

• Central Mexico

• Pacific Coast

• Yucatan Peninsula

The key Mexico fast food market players are Domino's Pizza Inc., Yum! Brands, Inc., McDonald's Corp., Papa John's International, Inc., Subway IP LLC, Restaurant Brands International Inc., Inspire Brands, Inc., Focus Brands LLC, Wendy’s International, LLC, and Little Caesar Enterprises, Inc., among others.

Key Highlights of the Report