High inflation and a rise in the cost of living has put the squeeze on consumers’ disposable income in 2023 with the prices of food and services shooting up. With consumers being faced with more limited budgets this has encouraged them to prioritise the essentials and to scrutinise those purchases that are perceived as small luxuries, or non-essentials. With the prices of plant-based dairy products being between 30% and 50% higher than those made with cow’s milk this has seen some consumers swit...
Euromonitor International's Plant-based Dairy in Mexico report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Plant-based Dairy market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Plant-Based Dairy in Mexico
Euromonitor International
October 2023
List Of Contents And Tables
PLANT-BASED DAIRY IN MEXICO
KEY DATA FINDINGS
2023 DEVELOPMENTS
Plant-based dairy sees a drop in demand as consumers prioritise other categories
Plant-based milk comes under scrutiny as dairy industry pushes back
Reduced sugar plant-based milk gains relevance
PROSPECTS AND OPPORTUNITIES
Growth is likely to be restrained by pricing
Dairy cheese and yoghurt unlikely to face a serious threat from plant-based alternatives
Major dairy player plants the Seeds for growth
CATEGORY DATA
Table 1 Sales of Plant-Based Dairy by Category: Value 2018-2023
Table 2 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023
Table 3 Sales of Other Plant-Based Milk by Type: % Value 2020-2023
Table 4 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023
Table 5 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023
Table 6 Distribution of Plant-Based Dairy by Format: % Value 2018-2023
Table 7 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028
Table 8 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028
DAIRY PRODUCTS AND ALTERNATIVES IN MEXICO
EXECUTIVE SUMMARY
Dairy products and alternatives in 2023: The big picture
Key trends 2023
Competitive landscape
Retailing developments growth
What next for dairy products and alternatives?
MARKET DATA
Table 9 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
Table 10 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
Table 11 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
Table 12 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
Table 13 Penetration of Private Label by Category: % Value 2018-2023
Table 14 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
Table 15 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
Table 16 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028