Mexico Edible Oil Market Overview, 2028

Mexico Edible Oil Market Overview, 2028

The market for edible oils in Mexico is enormous, propelled by a sizable population and a thriving culinary tradition. There are many different types of edible oils available on the market, including both common choices like maize, soybean, and canola oil as well as specialized oils like olive oil and avocado oil. Because it is frequently used in Mexican cuisine, corn oil is particularly well-liked. Mexican food is recognized throughout the world for its vibrant flavors and variety of meals. Mexican cuisine relies heavily on edible oils, from frying tortillas to creating classic sauces like mole. A unique place is reserved for corn oil in Mexican cuisine. For frying, sautéing, and preparing traditional foods like tortillas, tamales, and chilaquiles, it is frequently used. Corn oil's widespread use has a long history in Mexican cooking. Since Mexico is one of the world's top producers of avocados, avocado oil has become quite popular. The prevalence of avocado oil, which is valued for its health advantages, adaptability, and association with the cherished fruit, is a result of the nation's rich avocado tradition. The growing middle class and urbanization have changed people's lifestyles, which has increased the demand for quick-to-use cooking oils. In addition, the availability of specialized oils like olive oil, which are imported to satisfy the rising demand for Mediterranean cuisine, shows that customers are open to experimenting with new flavors and global culinary techniques. The influence of international culinary styles and the rising popularity of street food culture help to diversify oil preferences because different oils are used for diverse cooking techniques and distinctive flavor profiles.

According to the research report ""Mexico Edible Oils Market Overview, 2028,"" published by Bonafide Research, the Mexico Edible Oils market is expected to grow at 5.02% CAGR from 2023 to 2028. The existence of small-scale artisanal manufacturers highlights the value of regional, handcrafted oils and corresponds with the rising desire for genuine and artisanal goods. In this environment, the market for edible oils in Mexico is not only shaped by tradition but is also evolving to meet the needs of contemporary consumers for quality, variety, and convenience. Consumption of imported olive oil, especially extra virgin olive oil, has increased in the Mexican market. Mexican customers who are concerned with their health have taken notice of the Mediterranean diet's link to olive oil and its health advantages. Customers are favouring oils made using ethical and ecological sourcing methods as environmental awareness rises. Some manufacturers have emphasized their dedication to responsible production as a result of this trend. As Mexicans adopt international culinary fads, they also come up with inventive ways to use oils from other countries in their own traditional dishes, creating delectable fusions that perfectly depict Mexico's mingling of cultures. Additionally, the appreciation of natural materials and artisanal production techniques resonates well with Mexico's traditional ideals of workmanship and reverence for the environment. The cultural trends in Mexico related to edible oils show both a feeling of tradition and a spirit of culinary discovery as consumers strive to connect with their roots and discover new culinary vistas.

The product type of the market include, soybean oil, palm oil, rapeseed oil, mustard oil, sunflower oil, olive oil, ground nut oil, coconut oil, corn oil, ricebran oil, sesame oil, cottonseed oil, and others (apricot, hazelnut, almond, macadamia, walnut, avocado, grapeseed, cashew, brazil nuts, canola etc). There is significant rise in demand for corn oil in Mexico. A number of foods are frequently fried, sautéed, or cooked in corn oil. It is frequently employed in the cooking of traditional Mexican dishes like tortillas, tostadas, tamales, and others. Corn oil is often used in Mexican cooking because of its high smoke point, neutral flavor, and suitability for a variety of cooking techniques. The historic significance of corn oil in Mexican cuisine is ingrained, and it is still a key component in kitchens at home and in the nation's food service business. Furthermore, based on nature market is divided into conventional and organic. Conventional type is leading the market of Mexico with significant market share. Mexican food has, for many years, been a staple of traditional edible oils like maize oil. Due to the traditional culinary techniques and recipes that these oils have been utilized in, there is a deep cultural affinity and familiarity. Comparing specialty oils to conventional oils, such as corn oil, the price difference is frequently rather large. Cost factors are very important in influencing consumer choices in a price-sensitive market. Mexican cultural holidays, ceremonies, and gatherings all have a close connection to traditional meals. The fact that conventional oils frequently play a crucial role in these culinary experiences only serves to emphasize how important they are in social and cultural contexts.

Based on end-user market is segmented into domestic, industrial, and food service. Industrial segment is growing significantly in Mexico edible oils market. Mexico's food processing sector is rising to accommodate the country's burgeoning population and shifting customer tastes. Many processed meals, from snacks and baked products to sauces and dressings, depend on edible oils as key ingredients. Oil demand for these items is advantageous to the industrial sector. The popularity of ready-to-eat foods and convenience foods has raised demand for processed and packaged goods. Edible oils are essential for increasing the shelf life of these goods while maintaining their quality and flavor. Based on distribution channel market is divided into offline and online. Offline channel is leading the market of Mexico edible oils market. The Mexican way of life is profoundly embedded in traditional purchasing practices. In order to interact with products, weigh possibilities, and interact socially, consumers frequently choose to make their purchases in person in shops, marketplaces, and supermarkets. Consumers can converse with store employees, ask questions, and get tailored recommendations when they purchase in person. Customers are more likely to feel satisfied and trusted thanks to this tailored experience.

Considered in this report:
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Mexico Edible Oils market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Soybean Oil
• Palm Oil
• Rapeseed Oil
• Mustard Oil
• Sunflower Oil
• Olive Oil
• Ground nut Oil
• Coconut Oil
• Corn Oil
• Ricebran Oil
• Sesame Oil
• Cottenseed Oil
• Others (apricot, hazelnut, almond, macadamia, walnut, avocado, grapeseed, cashew, brazil nuts, canola etc)

By Nature:
• Conventional
• Organic

By End-User:
• Domestic
• Industrial
• Food Service

By Distribution Channel:
• Offline
• Convenience store
• Hypermarket/Supermarket
• Direct Sales
• Others
• Online

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Edible Oils industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.