Nascent Wine looks to capitalize on Mexican food market consolidation
The food service industry in Mexico consists primarily of numerous small independent companies with fewer than 31 employees. According to the Ministry of Economy, there are 30,000 Mexican companies specializing in food product manufacturing. Of these, only 8% are large or medium-sized companies. The fragmented nature of the food service market creates significant revenue opportunities for large consolidators such as Nascent Wine Company Inc. Rising living standards, demographic changes, and the increasing presence of US-style supermarkets in the major cities have caused structural changes of the Mexico’s food and drink industries. The supply of food products in the Mexican market,…
