| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 99.12 Billion |
| Market Size (2030) | USD 126.51 Billion |
| CAGR (2025 - 2030) | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Retail Market Analysis
The Mexico Retail Market size is estimated at USD 99.12 billion in 2025, and is expected to reach USD 126.51 billion by 2030, at a CAGR of greater than 5% during the forecast period (2025-2030).
In Mexico, consumers have a massive desire for modern retail stores rather than traditional ones because of the growing economic trend and rising socio-demographic shifts, which boosted the growth of retail stores. Since digital platforms play an essential role, companies focus on enhancing websites to improve customer experience. Social media platforms also contribute to the growth of the market.
- Consumer spending in Mexico is increasing due to rising disposable income and retail growth. Due to the presence of small independent retailers in Mexico, the retail industry is spread all over the country.
- Developed economies in Mexico have well-established retail sectors while developing economies are experiencing rapid growth. Fashion, apparel, and electronics are vital sectors experiencing growth in Mexico.
- With the growing penetration of smartphones and the availability of internet services, e-commerce is a growing sector in Mexico. Hence, suppliers adapt to consumers' buying behavior by improving online sales. Due to the increased government policies and FDI regulations, there is increased competition among retailers in Mexico. The tourism sector also contributes to the retail market's growth, particularly in the luxury hotel sector, which relies on international air connectivity and transport infrastructure.
Mexico Retail Market Trends
Growth of E-commerce Sector Drives the Market
The critical factor that supports the growth of the retail industry in Mexico is the rapid expansion of the e-commerce sector. Retailers in Mexico are adopting online retail platforms to expand their business and increase sales. It also offers consumers diverse product ranges, and they can conveniently make online purchases and track orders from their homes. Another factor boosting the growth of the e-commerce sector in Mexico is the rising penetration of smartphones, tablets, and other digital devices equipped with e-commerce applications.
- The rising number of supermarkets, hypermarkets, specialty stores, shopping malls, and convenience stores, along with favorable government policies, support economic activities and increase the growth of the e-commerce sector in Mexico.
- The origins of augmented reality (AR) and virtual reality (VR) provide consumers with a comfortable shopping experience that helps them visualize products from home, which has increased market growth.
- Moreover, the activities by product manufacturers and retailers through social media, discount offers, television (TV) commercials, and celebrity endorsements are boosting the market's growth.
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Rising Omnichannel Marketing Drives Growth
There is an increasing demand for omnichannel marketing in Mexico because this multi-channel approach allows retailers to set up messaging, goals, and objectives across every channel and device and create a consistent customer experience. It also gives customers in Mexico a deeper level of personalization, no matter which channel they're using or where they are in their purchase journey.
- Consumers in Mexico desire seamless interactions. They discover products on social media, search for them on the company's website, and purchase them in-store. Hence, omnichannel promises to receive consistent information and support at every touchpoint.
- With multiple platforms available, businesses can collect and analyze data, giving accurate customer behavior and preferences. When customers receive a comfortable experience, trust and loyalty increase, boosting the market's growth.
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Mexico Retail Industry Overview
The Mexican retail market is fragmented. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence by securing new contracts and tapping new markets. The major market players are Walmart International, El Puerto de Liverpool, FEMSA ComercioSA, Coppel SA de CV, and Carrefour.
Mexico Retail Market Leaders
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Walmart International
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El Puerto de Liverpool
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FEMSA ComercioSA
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Coppel SA de CV
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Carrefour
- *Disclaimer: Major Players sorted in no particular order
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Mexico Retail Market News
- March 2023 - Walmart opened 22 new stores across the state of Nuevo Leon as a part of an investment in the region’s infrastructure. Walmart made the decision during its 12th anniversary in Monterrey.
- January 2023 - Mexican retail conglomerate FEMSA (Fomento Económico Mexicano) launched Andretti Drive, a new app-enabled drive-thru coffee shop concept, in the northeast Mexican state of Nuevo León. FEMSA is the parent company of the OXXO convenience store chain, which has more than 20,000 outlets across Mexico, Chile, Colombia, and Peru. It also operates the Andatti coffee brand across the region.
Mexico Retail Industry Segmentation
The retail industry is a market that includes activities like selling goods or services directly to the consumer by a company that is usually purchased for personal or family use. Traders can be both retail and institutional.
Mexico's retail industry is segmented into product and distribution channels. By product, the market is segmented into food and beverage, tobacco products, personal and household care, apparel, footwear and accessories, furniture, toys, hobby, industrial, automotive, and electronic household appliances. The market is segmented by distribution channel into hypermarkets, supermarkets, convenience stores, department stores, and specialty stores. The report offers market size forecasts in value (USD) for all the above segments.
| By Product | Food and Beverage and Tobacco Products |
| Personal and Household Care | |
| Apparel, Footwear, and Accessories | |
| Furniture, Toys, and Hobby | |
| Industrial and Automotive | |
| Electronic and Household Appliances | |
| By Distribution Channel | Hypermarkets |
| Supermarkets | |
| Convenience Stores | |
| Department Stores | |
| Specialty Stores |
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Mexico Retail Market Research FAQs
How big is the Mexico Retail Market?
The Mexico Retail Market size is expected to reach USD 99.12 billion in 2025 and grow at a CAGR of greater than 5% to reach USD 126.51 billion by 2030.
What is the current Mexico Retail Market size?
In 2025, the Mexico Retail Market size is expected to reach USD 99.12 billion.
Who are the key players in Mexico Retail Market?
Walmart International, El Puerto de Liverpool, FEMSA ComercioSA, Coppel SA de CV and Carrefour are the major companies operating in the Mexico Retail Market.
What years does this Mexico Retail Market cover, and what was the market size in 2024?
In 2024, the Mexico Retail Market size was estimated at USD 94.16 billion. The report covers the Mexico Retail Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mexico Retail Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Retail in Mexico Industry Report
The Mexico retail market is experiencing significant growth, driven by diverse factors including technological advancements and evolving consumer preferences. Segmented by product types such as food and beverages, personal and household care, apparel, footwear and accessories, furniture, toys and hobby, and electronic and household appliances, the retail industry in Mexico caters to a broad consumer base with varying needs. Distribution channels such as supermarkets and hypermarkets, convenience stores, specialty stores, and online platforms play a crucial role in product accessibility and availability. The integration of e-commerce and digital technologies is reshaping the retail landscape in Mexico, offering personalized and convenient shopping experiences. Influenced by regional trends and economic conditions, the retail market in Mexico is a complex ecosystem continuously adapting to meet consumer demands and leveraging technological innovations. For detailed statistics on market share, size, and revenue growth rate, consult industry reports like those from Mordor Intelligence™, which provide a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download to understand the dynamics of Retail in Mexico further.
