The Mexico Retail Market Report is Segmented by Product Type (Food, Beverage & Tobacco Products; Personal Care & Household Care; Apparel, Footwear & Accessories; Furniture, and More), Retail Channel (Traditional Mom & Pop Retail; Modern Trade Retail; E-Commerce & Others), Format (Hypermarkets; Supermarkets; Convenience Stores; Department Stores; Specialty Stores; Others). The Market Forecasts are Provided in Terms of Value (USD).

Based on the estimated value of chain retail sales in 2021, Walmart was the leading retailer in Mexico, with **** 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 *** billion U.S. dollars. Unlike the market leader Walmart, Oxxo is a Mexican retail company.

Retail Sales in Mexico increased 3.30 percent in September 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 Mexico retail market was valued at USD 329.28 Billion in 2024. The industry is expected to grow at a CAGR of 4.80% during the forecast period of 2025-2034 to reach a value of USD 526.23 Billion by 2034. The market growth is attributed to the booming online retail sector due to the rising internet penetration across the country.

According to data from the Center for Strategic and International Studies (CSIS), e-commerce accounted for 15 percent of total retail sales in 2023, up from just 1% a decade ago. Online sales reached USD 74 billion in 2023, with projections estimating approximately USD 100 billion in 2024 and USD 176.8 billion by 2026, highlighting the rapid scale and potential of the sector, propelling the Mexico retail market value.

This growth is underpinned by multiple factors. Digital platforms such as Amazon, Mercado Libre, and emerging Chinese players, such as Shein, Temu, and AliExpress, which offer consumers unparalleled convenience, product variety, and competitive pricing.

In addition to this, omnichannel retailers, including Walmart, Coppel, and Liverpool, are expanding their online and logistics capabilities, ensuring healthy competition across physical and digital channels. For instance, Walmart’s online revenue in Mexico grew by 21.7% in 2023, supported by a 129% increase in product assortment and a 78% rise in sellers.

CSIS analysis also emphasizes that small- and medium-sized enterprises (SMEs) are leveraging these digital channels to expand their reach, improve operational efficiency, and access previously untapped markets. By 2024, tens of thousands of Mexican SMEs are expected to rely on e-commerce platforms to generate significant employment and economic value, reflecting the sector’s role in promoting inclusive growth and strengthening Mexico retail market competitiveness.

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

In March 2025, Amazon's site for Mexico (amazon.com.mx) registered an average of *** million visits, making it the most popular e-commerce platform among consumers in the North American country. Its main competitor, Mercado Libre, followed with nearly *** million monthly visits. Mexico’s blooming e-commerce market Over the last few years, online buying and selling have gained considerable ground in Mexico, so much so that the country has positioned itself as the second largest e-commerce market in Latin America. With a rapidly increasing online buying population, it was forecast that around ** million Mexicans would be shopping on the internet in 2025, a figure that would grow by approximately ** percent by 2027. El Buen Fin: a catalyst for e-commerce growth The annual El Buen Fin shopping event has played a crucial role in driving e-commerce adoption in Mexico. In 2024, online sales during this event reached a record-breaking ** billion Mexican pesos, highlighting the increasing consumer confidence in digital transactions. Smartphones have become the preferred device for online purchases, with ** percent of El Buen Fin shoppers using them to make their purchases. This shift towards mobile commerce is reshaping the retail landscape and forcing businesses to adapt their strategies.

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.

Retail Sales in Mexico decreased 0 percent in September of 2025 over the previous month. This dataset provides - Mexico Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Sales: Retail Trade: Total Retail Trade: Volume for Mexico (SLRTTO01MXQ657S) from Q2 1986 to Q2 2025 about Mexico, retail trade, sales, and retail.

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.

The sales of the top five retailers in Mexico held **** percent of the market in 2016, with Walmart in the lead, accounting for **** percent of sales. According to estimates, the combined share of the leading five retailers in the Mexican retail space declined slightly to **** percent in 2021. Forecasts for 2026 indicate that Walmart will continue to lead the market although with declining sales share.

The size of the Mexico Retail Industry market was valued at USD 94.40 Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 5.00">> 5.00% during the forecast period. 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.

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.

In Mexico Retail Market is projected to grow from USD 2.3 trillion in 2025 to USD 3.7 trillion by 2031, at a CAGR of 8.2%

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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 loyalty programs. Mexican retail law

Mexico Retail Solutions And Services Market size was valued at USD 521.28 Million in 2023 and is projected to reach USD 1,008.87 Million by 2031, growing at a CAGR of 8.68% during the forecast period 2024-2031.

Mexico Retail Solutions And Services Market Executive Summary

Several significant factors influence the growth and evolution of Mexico's retail solutions and services sector. These drivers include technology developments, shifting consumer behaviors, and economic considerations that collectively propel the market ahead. The growth of the e-commerce sector in Mexico is a primary factor. As more people shop online, merchants adopt innovative technologies to manage online sales, inventory, and customer interactions. Furthermore, using digital payment methods speeds up transactions and improves the online shopping experience, prompting more investment in retail technology.

Moreover, Today's consumers want individualized purchasing experiences. Retailers are investing in CRM systems, AI-powered analytics, and customer data platforms to meet these demands. The demand for seamless integration of online and offline purchasing channels is driving merchants to implement unified commerce solutions that deliver a consistent customer experience across all touchpoints. However, the retail solutions and services business in Mexico face significant challenges due to strict import and export rules. These rules lead to increased expenses, supply chain interruptions, and operational complexity, which hinder market development and innovation. Mexico's complex taxation structure, including Value Added Tax (VAT) and various local levies, poses difficulties for retailers. Compliance requires significant time and financial resources, potentially hindering investment and expansion. Moreover, frequent changes in tax legislation and a lack of clarity can create compliance challenges and lead to penalties for merchants.

E-commerce accounted for approximately *** percent of all retail sales in Mexico in 2020. According to forecasts, this figure is set to reach ** percent by 2023. Estimates indicate that in 2020, e-commerce sales revenue in the North American country reached about ** billion U.S. dollars.

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.

Key information about Mexico Retail Sales Growth

• Mexico Retail Sales grew 2.4 % YoY in Sep 2025, compared with a 3.1 % increase in the previous month.
• Mexico Retail Sales Growth YoY data is updated monthly, available from Jan 2002 to Sep 2025, with an average growth rate of -0.8 %.
• The data reached an all-time high of 34.9 % in May 2021 and a record low of -23.1 % in May 2020.
• In the latest reports, Car Sales of Mexico recorded 132,745.0 units in Oct 2025, representing a growth of 3.8 %.

Retail sales index in Mexico, August, 2025 The most recent value is 120.26 index points as of August 2025, an increase compared to the previous value of 119.59 index points. Historically, the average for Mexico from January 2008 to August 2025 is 98.63 index points. The minimum of 78.19 index points was recorded in April 2020, while the maximum of 120.26 index points was reached in August 2025. | TheGlobalEconomy.com