- Sep 30, 2006
- Best answers
Is your mouth watering yet? If not, it should be! The global Mexican food market size is estimated to increase by USD 113.85 billion from 2021 to 2026. That doesn't just mean more delicious dishes for us—it means a thriving industry with lots of opportunities for entrepreneurs and businesses. Let's take a closer look at what's driving this incredible growth.
Tortillas Are Taking the Lead
The tortillas segment is projected to account for the largest share during the forecast period as it is one of the most popular Mexican dishes worldwide. It also helps that per capita consumption in developed countries like Europe and North America is on the rise. But other dishes are expected to make their mark too, such as tamales, tacos, chilaquiles, fajitas, and burritos.
North America Stepping Up
North America will account for 58% of the global market growth during the forecast period. Millennials are particularly hungry for Mexican food in this region—and they're willing to pay more for quality ingredients, organic options, and creative recipes than ever before. Plus, rapid urbanization combined with high vendor penetration creates an ideal environment for entrepreneurs looking to get into this lucrative industry.
Latin American Markets Still Going Strong
The Latin American market has been a major player in this industry since its inception—and that trend isn't likely to change anytime soon. As countries like Mexico continue to invest heavily in marketing campaigns and restaurant openings abroad, even more people around the world will have access to these beloved dishes every day. As economic conditions improve throughout Latin America, we can expect an even greater influx of tourists who want nothing more than to sample some delicious local cuisine.
It's no secret that Mexican food has always been popular around the world—but now we know why! The global Mexican food market size is increasing rapidly due to factors like rising per capita consumption in developed countries, increasing preference among Millennials, rapid urbanization in key markets like North America, and high vendor penetration across all regions. With so many opportunities available within this growing industry, now is a great time for entrepreneurs and businesses alike to break into it! Whether you're looking for catering services or restaurant franchise opportunities abroad—the possibilities are endless! So go ahead and grab a seat at the table; there's plenty of room here in the global Mexican food market!