New Delhi, Oct. 12 -- Mexican food, with its burritos and tacos, has been a favourite among American diners, but a string of Chapter 11 bankruptcy filings has created concern over whether the market is over saturated, according to a report by The Street.

It added that data shows that customers have been cutting back on eating out due to economic factors, and oversaturation is only one part of the problem.

The report cited a survey by el Restaurante, which showed that 45 per cent of Mexican restaurants saw their sales expand in 2024. This is positive news, as compared to the 13 per cent who said their sales were flat, and 32 per cent who saw sales dip.

The latest Mexican restaurants to file for Chapter 11 bankruptcy were El Burro Loco, ...