Based on the estimated value of chain retail sales in 2021, Walmart was the leading retailer in Mexico, with 28.7 billion U.S. dollars worth of sales in this country. Among the leading retailers operating in Mexico was also the convenience store retailer Oxxo, with chain retail sales estimated to be 9.2 billion U.S. dollars. Unlike the market leader Walmart, Oxxo is a Mexican retail company.

The Mexico Retail Market report segments the industry into 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) and By Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Department Stores, Specialty Stores).

Retail Sales in Mexico decreased 1 percent in April of 2025 over the previous month. This dataset provides - Mexico Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Mexico decreased 2 percent in April of 2025 over the same month in the previous year. This dataset provides - Mexico Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Mexican retail industry is thriving, driven by a growing middle class, increased urbanization, and rising disposable incomes. With a market size of 94.40 million in 2025, the industry is projected to expand at a robust CAGR of 5.00% through 2033. Key drivers include the proliferation of e-commerce, the expansion of modern retail formats, and the growing popularity of private label brands. The industry is segmented into various product categories, including food and beverage, personal and household care, apparel, furniture, electronics, and automotive products. Distribution channels include hypermarkets, supermarkets, convenience stores, department stores, and specialty stores. Leading players in the market include Soriana SA de CV, FEMSA Comercio SA, Coppel SA de CV, El Puerto de Liverpool, Walmart International, and El Palacio de Hierro. The increasing adoption of omnichannel retailing, the rise of social commerce, and the growing emphasis on sustainability are key trends shaping the future of the Mexican retail industry. Recent developments include: 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.. Key drivers for this market are: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Potential restraints include: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Notable trends are: Growth of E-commerce Sector Drives the Market.

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Mexico Retail Market Size 2024-2028

The mexico retail market size is forecast to increase by USD 78.49 billion, at a CAGR of 4.5% between 2023 and 2028.

The market is witnessing significant growth, driven by the influx of numerous retail stores and innovative packaging and marketing initiatives by prominent companies. This dynamic market environment presents both opportunities and challenges for retailers. On the one hand, the increasing competition necessitates continuous innovation and differentiation to capture consumer attention. Retailers are investing in unique product offerings, enhanced shopping experiences, and creative marketing strategies to stand out from the crowd. Additionally, the adoption of technology, such as mobile payments and e-commerce platforms, is becoming increasingly common, providing new avenues for growth. On the other hand, issues related to logistics and supply chain operations pose significant challenges. Mexico's complex geography and infrastructure can make distribution and delivery difficult and costly, particularly for perishable goods. Retailers must navigate these obstacles to ensure timely and cost-effective delivery, while also maintaining the quality and freshness of their products. In conclusion, the market is characterized by a competitive landscape and a growing consumer base. Retailers seeking to succeed in this market must focus on innovation, differentiation, and effective logistics management to capitalize on opportunities and overcome challenges. By staying agile and responsive to changing market conditions, retailers can thrive in this dynamic and exciting market.

What will be the size of the Mexico Retail Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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In Mexico's retail market, payment systems continue to evolve, with contactless and digital payments gaining traction. Retail infrastructure development remains a priority, shaping store locations and shopping habits. Consumer preferences shift towards convenience and personalized experiences, driving retail innovation and technological disruption. Risk management and retail metrics are crucial for competitive analysis, as market penetration and price elasticity impact sales growth. Emerging technologies, such as augmented reality and artificial intelligence, reshape retail partnerships and product differentiation strategies. Lease agreements and import duties pose challenges for retailers, requiring careful consideration in business decisions. Labor costs, consumer confidence, and the retail workforce are essential retail metrics, impacting brand loyalty and store expansion plans. E-commerce security and data privacy concerns persist, necessitating robust risk management strategies. Supply chain resilience and disaster recovery plans are essential for business continuity in the face of economic factors and population demographics. Crisis management and crisis communication are vital skills for retailers in a volatile market. Private label brands and income distribution patterns influence consumer behavior and economic trends. Retail real estate and population demographics shape store expansion plans, while crisis management and business continuity plans ensure operational resilience.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductPFD and AB and TPPersonal and household careAF and AElectrical and electronicsOthersDistribution ChannelOfflineOnlineGeographyNorth AmericaMexico

By Product Insights

The pfd and ab and tp segment is estimated to witness significant growth during the forecast period.

The Mexican retail market is witnessing significant developments in various sectors, including packaged food and drinks, alcoholic beverages, and tobacco products. The upward trend in commodity prices is driving growth in these categories. Consumers' increasing preference for imported goods, particularly processed foods, is expected to result in the highest growth rate during the forecast period. Mini marts are gaining popularity in both big cities and small towns, primarily selling instant food and beverage products. Ready-to-eat food products have seen a surge in sales, leading manufacturers to launch and promote healthier options. In the realm of technology, energy efficiency, fraud prevention, and point-of-sale systems are essential for retailers. Supply chain sustainability and ethical sourcing are becoming crucial factors in consumer decision-making. Social media marketing and digital marketing are essential tools for retailers to engage with customers and build loya

Revenue of the retail industry in Mexico amounted to over ************** Mexican pesos in 2023. This represents an increase of *** percent compared to the previous year.

Graph and download economic data for Sales: Retail Trade: Total Retail Trade: Volume for Mexico (SLRTTO01MXQ657S) from Q2 1986 to Q4 2024 about Mexico, retail trade, sales, and retail.

Key information about Mexico Retail Sales Growth

• Mexico Retail Sales grew 4.6 % YoY in Apr 2023, compared with a 1.8 % increase in the previous month.
• Mexico Retail Sales Growth YoY data is updated monthly, available from Jan 2002 to Apr 2023, with an average growth rate of 2.0 %.
• The data reached an all-time high of 34.7 % in May 2021 and a record low of -23.3 % in May 2020.
• In the latest reports, Car Sales of Mexico recorded 111,416.0 units in May 2023, representing a growth of 18.0 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Retail Trade Index. The National Institute of Statistics and Geography provides Retail Trade Index with base 2018=100. Retail Sales: Incl. Motor Vehicles Growth prior to January 2009 is calculated from Retail Trade Index with base 2003=100.

Retail sales index in Mexico, March, 2025 The most recent value is 119.39 index points as of March 2025, an increase compared to the previous value of 118.81 index points. Historically, the average for Mexico from January 2008 to March 2025 is 98.13 index points. The minimum of 78.16 index points was recorded in April 2020, while the maximum of 120.19 index points was reached in November 2023. | TheGlobalEconomy.com

According to estimates, the hyper store generated the highest retail sales in Mexico in 2021. The estimated value of retail sales in hyper stores was **** billion U.S. dollars in that year. While traditional channels, such as hyper stores and discounters, were the main channels both in 2016 and 2021, projections showed that e-commerce will grow the fastest, and the retail sales garnered by e-commerce channels will ultimately reach ** billion U.S. dollars in Mexico.

The Mexico retail market size is projected to grow at a CAGR of 4.80% between 2025 and 2034. The market is being driven by the expansion of existing retail spaces and the rising emphasis on providing a memorable shopping experience.

Graph and download economic data for Sales: Retail Trade: Total Retail Trade: Volume for Mexico (SLRTTO01MXA659S) from 1987 to 2022 about Mexico, retail trade, sales, and retail.

The Mexican retail market, valued at $318.83 billion in 2025, is projected to experience robust growth, driven by a rising middle class, increasing urbanization, and the expanding e-commerce sector. A Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033 indicates a significant expansion opportunity. Key growth drivers include the increasing adoption of digital technologies within the retail sector, enhancing customer experiences through personalized offerings and convenient online shopping options. Furthermore, the growing preference for omnichannel strategies, blending online and offline shopping experiences, is fueling market expansion. While challenges exist, such as economic volatility and intense competition, particularly from multinational giants like Walmart and Amazon, the market's resilience stems from the strong domestic consumer base and the continued diversification of retail offerings. The market segmentation reveals the dominance of personal and household care products, complemented by significant contributions from food and beverages, electrical and electronics, and apparel. The online distribution channel is rapidly gaining traction, posing both opportunities and challenges for established offline retailers who are adapting their strategies to integrate e-commerce successfully. Competition is fierce, with established players like Walmart, Soriana, and Liverpool competing against burgeoning e-commerce giants and smaller, specialized retailers. Companies are actively deploying competitive strategies focused on pricing, brand loyalty programs, and enhanced customer service to maintain market share within this dynamic environment. The Mexican retail market’s segmentation across product categories reflects diverse consumer needs. Personal and household care, driven by increasing health consciousness and disposable incomes, represents a substantial segment. Food and beverages retain their essential role, influenced by local preferences and trends towards healthier options. The electronics and electrical segment benefits from increasing technological adoption and affordability. While the ‘Others’ category requires more granular data for precise analysis, it likely encompasses a wide range of goods, adding to the market's complexity and diversity. Offline channels continue to play a crucial role, particularly in reaching customers in less urbanized areas. However, the online segment's rapid growth signifies a significant shift in consumer behavior, demanding agile adaptation from established retailers. This evolution is also reflected in the competitive landscape, which sees both traditional players and online marketplaces vying for dominance. Successfully navigating this complex market necessitates a comprehensive strategy considering both online and offline presence, effective inventory management, and a keen understanding of consumer preferences within this dynamic market.

In April 2025, the real income generated by retail companies in Mexico decreased by about *** percent compared to the previous month.

Graph and download economic data for Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Mexico (MEXSARTMISMEI) from Jan 1986 to Mar 2024 about Mexico, retail trade, sales, and retail.

Mexico Retail Trade Index (RTI): Trend data was reported at 125.063 2008=100 in Jan 2019. This records a decrease from the previous number of 125.468 2008=100 for Dec 2018. Mexico Retail Trade Index (RTI): Trend data is updated monthly, averaging 103.026 2008=100 from Jan 2008 (Median) to Jan 2019, with 133 observations. The data reached an all-time high of 126.892 2008=100 in Jul 2018 and a record low of 95.799 2008=100 in Sep 2009. Mexico Retail Trade Index (RTI): Trend data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H001: Retail Trade Index: 2008=100.

Retail sales Y-on-Y in Mexico, March, 2025 The most recent value is 2.71 percent as of March 2025, an increase compared to the previous value of 1.75 percent. Historically, the average for Mexico from January 2009 to March 2025 is 1.79 percent. The minimum of -23.11 percent was recorded in April 2020, while the maximum of 34.93 percent was reached in May 2021. | TheGlobalEconomy.com

Retail Sales Volume Index data was reported at 84.554 2010=100 in Feb 2025. This records an increase from the previous number of 84.356 2010=100 for Jan 2025. Retail Sales Volume Index data is updated monthly, averaging 104.628 2010=100 from Jan 1987 (Median) to Feb 2025, with 458 observations. The data reached an all-time high of 513.689 2010=100 in Jan 1987 and a record low of 48.727 2010=100 in Apr 2020. Retail Sales Volume Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.GEM: Retail Sales Volume.

This chart provides a detailed overview of the number of Mexico online retailers by Monthly Views. Most Mexico stores' Monthly Views are Less than 100, there are 27.45K stores, which is 41.28% of total. In second place, 21.72K stores' Monthly Views are 100 to 1K, which is 32.66% of total. Meanwhile, 12.12K stores' Monthly Views are 1K to 10K, which is 18.22% of total. This breakdown reveals insights into Mexico stores distribution, providing a comprehensive picture of the performance and efficient of online retailer.