Industry Analysis & Industry Trends
Over the five years to 2015, industry operators have benefited from an increased acceptance of Mexican cuisine in the mainstream American pallet. Additionally, an increasing immigrant population coupled with domestic adaptations of Mexican food, such as Tex-Mex cuisine, have also aided the rise of the Mexican Restaurants industry over the past five years. As a result of these major trends, industry revenue is expected to continue growing during the five years to 2020.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Mexican Restaurants industry is in the growth phase of its life cycle. Over the 10 years to 2020, industry value added, which measures an industry's contribution to US GDP, is forecast to grow at an average rate of 3.1% per year, compared with estimated annualized GDP growth of 2.5% over the same period. Thus, the industry is exhibiting consistent, long-term growth, at a faster rate than the economy as a whole. Likewise, the number of industry establishments is expected to grow at an average rate of 3.0% per year over the ten years to 2020. The industry is comfortably outpacing the broader foodservice sector.
Mexican restaurants are benefiting from an increasing consumer base for Mexican-style food... purchase to read more