Mexico Fresh Food Market Report and Forecast 2024-2032

Mexico Fresh Food Market Report and Forecast 2024-2032

Mexico Fresh Food Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the Mexico fresh food market reached a value of around USD 87.89 billion in 2023. Aided by the change in dietary choices, the rising number of health-conscious people, and the expansion of distribution channels, the market is expected to register a CAGR of 4.5% in the forecast period of 2024-2032, to reach USD 130.66 billion by 2032.

Fresh food refers to a category of food items that are perishable and have not undergone any preservation methods. Fresh food does not include pickled, dried, salted, smoked, frozen, or canned products. The demand for fresh food has been steadily increasing in recent years, as consumers become more conscious of the importance of eating fresh, whole foods. This has led to a rise in farmers' markets, organic food stores, and farm-to-table restaurants that specialise in serving locally sourced, fresh ingredients.

Mexico's fresh food sector is experiencing remarkable expansion fuelled by a combination of cultural heritage, agricultural abundance, and evolving consumer preferences. The Mexico fresh food market is poised for continued growth, driven by factors ranging from increasing urbanisation to the rising demand for healthy and sustainably sourced ingredients.

As per the Mexico fresh food market analysis, the dynamics of the market are shaped by a rich tapestry of cultural influences, regional diversity, and culinary innovation. With growing modern supermarkets, consumers in Mexico have access to a wide variety of fresh produce, meats, seafood, and dairy products, reflecting the country's agricultural heritage and culinary diversity.

One of the key factors driving the Mexico fresh food market growth is the enduring popularity of traditional Mexican cuisine both domestically and internationally. From the vibrant flavours of salsas and moles to the comforting warmth of homemade tortillas, Mexican cuisine relies heavily on fresh, locally sourced ingredients, driving demand for a wide array of fruits, vegetables, herbs, and spices.

Moreover, the country's fertile agricultural regions and diverse climates facilitate the year-round production of a wide variety of crops, ranging from tropical fruits in the south to temperate vegetables in the north. This abundant agricultural bounty not only ensures a steady supply of fresh produce but also supports the livelihoods of millions of farmers, consequently driving up the Mexico fresh food market share.

In addition to domestic consumption, Mexico's fresh food market also benefits from its strategic position as one of the leading exporters of agricultural products to international markets. With a diverse portfolio of exportable goods, including avocados, tomatoes, berries, and seafood, Mexico plays a pivotal role in global food supply chains, contributing to economic growth and agricultural development nationwide.

Furthermore, as the country continues to urbanize and the demand for fresh, locally sourced foods grows, there is a significant potential for innovation and investment in the Mexico fresh food market. From vertical farming and hydroponic systems to digital platforms that connect farmers with consumers, the way fresh food is produced, distributed, and consumed in Mexico is expected to transform.

Market Segmentation

The market can be divided based on product type, distribution channel, and region.

Market Breakup by Product Type

• Bread and Bakery
• Dairy
• Fish and Seafood
• Fruits and Vegetables
• Meat and Poultry

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Open Market
• Departmental Stores
• Online
• Others

Market Breakup by Region

• Baja California
• Northern Mexico
• The Bajío
• Central Mexico
• Pacific Coast
• Yucatan Peninsula

Competitive Landscape

The EMR report looks into the market shares, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Mexico fresh food market. Some of the major players explored in the report by Expert Market Research are as follows:

• Grupo Bimbo, S.A.B. de C.V.
• Sigma Alimentos, S.A de C.V.
• Grupo Herdez, S.A.B. de C.V.
• Bachoco, SA DE CV
• GRUMA, S.A.B. de C.V
• JBS SA
• Garcia Fresh Vegetables LLC
• AGRANA Beteiligungs-AG
• Can-Am Pepper Company Limited
• Alimentos Profusa, SA de CV
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.