Mexico's per-capita food consumption expected to rise 2.1% this year, new report says; alcoholic drink sales expected to increase 6.7%, soft drink sales should go up 4.8%
April 13, 2012
– Research and Markets (http://www.researchandmarkets.com/research/b89f64f0/mexico_food_and_dr) has announced the addition of the "Mexico Food and Drink Report Q2 2012" report to their offering.
The figures reported by Mexico's retail association attest to the weakness in the Mexican consumer sector earlier in 2011, with comparable store sales at the nation's supermarkets struggling to register growth above the low single digits. However, recent figures are more positive with comparable sales gradually ticking up as the year progressed. While growth continues to compare unfavourably to the years leading up to the global economic downturn, the steady increase in the rate of growth is certainly a positive sign.
Headline Industry Data (local currency)
- 2012 per capita food consumption = 2.1%; forecast to 2016 = 9.8%
- 2012 alcoholic drink sales = 6.7%; forecast to 2016 = 20.7%
- 2012 soft drink sales = 4.8%; forecast to 2016 = 18.2%
- 2012 mass grocery retail sales = 6.6%; forecast to 2016 = 24.5%
Key Company Trends
Coca-Cola FEMSA Continues to Drive Consolidation - Soft drink firm Coca-Cola FEMSA continues to drive consolidation within Mexico's soft drink sector, recently announcing that it is to purchase the drinks arm of Mexican group Fomento Queretano. The deal is worth MXN6.6bn (including MXN1.2bn of Queretano's debt) and represents FEMSA's third major acquisition in Mexico's soft drink sector in 2011.
FEMSA has revealed that its three acquisitions will increase Mexican volumes and revenues by 30%, representing a substantial increase in the firm's exposure to the market Mexican Supermarket Sales Showing Greater Dynamism - The country's largest retailer Walmart de Mexico (Walmex) registered acceleration in its domestic sales for the third quarter of 2011. In the three months to the end of September, Walmex's net sales increased by 11% to reach US$90.5bn.
-Walmart de Mexico (Walmex)
-Controladora Comercial Mexicana (Comerci)
For more information visit http://www.researchandmarkets.com/research/b89f64f0/mexico_food_and_dr.
© 2020 Business Wire, Inc., All rights reserved.