Mexico Food & Drink Report

Published 27 May 2015

  • 146 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Mexico Food & Drink Report

BMI View: We remain optimistic toward Mexico's long-term growth outlook on the back of a booming manufacturing sector, an increasingly strong private consumer and favourable demographics. Mexican economic activity will pick up in the coming quarters, as private consumption continues to recover from a weak performance in 2014, and manufactured goods exports to the US continue to expand. We forecast real GDP growth of 3.3% in 2015 and 3.5% in 2016, from 2.1% in 2014.

Headline Industry Data (local currency)

  • 2015 per capita food consumption = +3.5%; compound annual growth rate (CAGR) forecast 2014 to 2019 = +4.5%

  • 2015 alcoholic drink sales = +4.4%; CAGR forecast 2014 to 2019 = +5.8%

  • 2015 soft drink sales = +5.2%; CAGR forecast 2014 to 2019 = +5.8%

  • 2015 mass grocery retail sales = +6.8%; CAGR forecast 2014 to 2019 = +7.4%

Key Company Trends

Gruma Expands in Europe : In March 2015, Mexican food group Gruma announced plans to acquire the European arm of US based Azteca Foods in a deal worth EUR45mn. The deal results in Gruma purchasing Azteca's production and distribution assets in Spain. Azteca manufactures tortillas, wraps, corn chips, salsas and processed foods in Spain and sells the products in 19 countries in Europe, as well as the Middle East and North Africa. Gruma now intends to merge the Mexifoods operations into Azteca Foods facility, which is larger and more efficient.

Arca Continental Expansion Plans for 2015: In spring 2015, Arca Continental announced plans to invest MXN5.2bn during the year as the company pursues plans to expand and upgrade its operations. Of the capital expenditures, 60% will be devoted to Mexico, which includes the automation and upgrading of the bottling plant in Monterey as well as the expansion of its Bokados snack factory. The company will also build a new plant for its Tonicorp dairy products business in Ecuador and a new Coca-Cola bottling plant in the country as well as building a soft drinks facility in...

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
18
Food Consumption
18
Table: Food Consumption Indicators - Historical Data & Forecasts (Mexico 2012-2019)
18
Confectionery
19
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Mexico 2012-2019)
20
Prepared/Canned Food
21
Meat
22
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecast (Mexico 2014-2019)
22
Fish
22
Oils And Fats
23
Pasta
23
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts (Mexico 2014-2019)
23
Dairy
24
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts (Mexico 2014-2019)
24
Baked Products
25
Table: Sweet Biscuits Volume Sales, Production & Trade - Historical Data & Forecasts (Mexico 2014-2019)
25
Table: Jams & Jellies Volume Sales, Production & Trade - Historical Data & Forecast (Mexico 2014-2019)
26
Drink
27
Hot Drinks
27
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Mexico 2014-2019)
27
Alcoholic Drinks
29
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Mexico 2014-2019)
29
Soft Drinks
31
Table: Soft Drinks Sales, Production & Trade (Mexico 2014-2019)
31
Mass Grocery Retail
33
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (Mexico 2014-2019)
34
Trade
35
Table: Trade Balance - Historical Data & Forecasts (Mexico 2014-2019)
36
Macroeconomic Forecast
37
Economic Analysis
37
Table: GDP By Expenditure (Mexico 2012-2019)
41
Mexico Food & Drink Report Q3 2015
Mexico Food & Drink Report Q3 2015
- Business Monitor International Ltd Page 4
- Business Monitor International Ltd Page 4
Industry Risk Reward Index
42
Latin America - Risk/Reward Index
42
Table: Latin America Food & Drink Risk/Reward Index Q315
44
Table: Latin America Food & Drink Risk/Reward Sub-Factor Index Q215 (scores out of 10)
47
Mexico - Risk/Reward Index
48
Market Overview
49
Food
49
Food Processing
49
Confectionery
49
Organics
50
Prepared/Canned Food
51
Dairy
52
Meat
53
Seafood
53
Drink
54
Hot Drinks
54
Alcoholic Drinks
54
Soft Drinks And Bottled Water
55
Mass Grocery Retail
59
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets (Mexico 2006-2015)
61
Table: Mass Grocery Retail Sales By Format (Mexico 2006-2015)
61
Table: Mass Grocery Retail Sales By Format (Mexico 2006-2015)
61
Industry Trends And Developments
62
Food
62
Key Industry Trends And Developments
62
Drink
71
Key Industry Trends And Developments
71
Mass Grocery Retail
80
Key Industry Trends And Developments
80
Competitive Landscape
84
Table: Key Players In Mexico's Food Sector
84
Table: Key Players In Mexico's Drink Sector
85
Table: Key Players In Mexico's Mass Grocery Retail Sector
85
Company Profile
88
Industrias Bachoco
88
Grupo Herdez
91
Gruma
95
Grupo Bimbo
99
Grupo Modelo
104
Arca Continental
108
FEMSA
112
Mexico Food & Drink Report Q3 2015
Mexico Food & Drink Report Q3 2015
- Business Monitor International Ltd Page 5
- Business Monitor International Ltd Page 5
Walmart De M-xico
116
Controladora Comercial Mexicana
120
Soriana
123
Global Industry Overview
126
Table: Food and Drink Core Views - Q115 Roundup
133
Demographic Forecast
135
Demographic Outlook
135
Table: Population Headline Indicators (Mexico 1990-2025)
136
Table: Key Population Ratios (Mexico 1990-2025)
136
Table: Urban/Rural Population & Life Expectancy (Mexico 1990-2025)
137
Table: Population By Age Group (Mexico 1990-2025)
137
Table: Population By Age Group % (Mexico 1990-2025)
138
Glossary
140
Food & Drink
140
Mass Grocery Retail
140
Methodology
142
Industry Forecast Methodology
142
Sector-Specific Methodology
143
Sources
143
Risk/Reward Index Methodology
144
Table: Food & Drink Risk/Reward Index Indicators
145
Table: Weighting
146

The Mexico Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Mexico Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Mexico.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Mexico to test other views - a key input for successful budgeting and strategic business planning in the Mexican food and drink market.
  • Target business opportunities and risks in Mexico through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.

BMI’s Food and Drink Risk Reward Index

BMI’s Risk Reward Index provides investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic points. These provide indices of highest to lowest appeal to investors, with each position explained.

Food Forecasts

BMI’s food chapter is divided into sections such as meat, fish, confectionary, dairy and canned foods, and provides insight into each market’s food industry, centred on a forecast to end-2019 for the sector. The chapter includes the following elements:

  • Industry Forecast Scenario: Historical data series and a forecast to end-2019 for growth of key indicators within a market’s food industry. Indicators include food consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.
  • Industry Developments: A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.
  • Market Overview: An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI’s food chapter, the drink section provides insight into each market’s drink industry, centred on a forecast to end-2019 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI’s food and drink chapters, the mass grocery retail section provides insight into each market’s grocery retail industry, centred on a forecast to end-2019 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown of the organised retail sector versus the traditional sector, among others.

Competitive Landscape

Illustration of the mass grocery retail and food and drink industries via rankings tables comparing revenues, number of outlets and number of employees. This chapter also includes data-rich, in-depth regional analysis of the market position, business strategies and investment potential of the region’s leading mass grocery retail and food and drink operators.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Food & Drink reports draw on an extensive network primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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