Dairy Products & Eggs - Mexico

Mexico

Revenue in the Dairy Products & Eggs market amounts to €25.87bn in 2024. The market is expected to grow annually by 6.35% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€161bn in 2024).
In relation to total population figures, per person revenues of €199.90 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 12,480.00m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 2.2% in 2025.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 87.3kg in 2024.

Key regions: Spain, Canada, United Kingdom, United States, Philippines

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Dairy Products & Eggs market in Mexico has seen steady but minimal growth in recent years. This can be attributed to factors such as changing consumer preferences, increasing health consciousness, and the availability of substitutes. The Milk and Eggs sub-markets have been driving this growth, while Yogurt and Cheese have faced challenges due to substitutes and competition. However, the market is expected to see further growth in the future with the introduction of new products and innovations.

Customer preferences: As health and wellness become increasingly important to consumers in Mexico, there has been a rise in demand for organic and locally-sourced dairy products and eggs. This trend is driven by a growing awareness of the benefits of natural and sustainable food options, as well as a desire to support local farmers and businesses. Additionally, there has been an increase in the consumption of plant-based dairy alternatives due to the rise of vegetarian and vegan diets in the country.

Trends in the market: In Mexico, the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more sustainable options. This trend is driven by consumers' increasing awareness of the environmental impact of dairy and egg production, as well as their desire for plant-based alternatives. This has led to a rise in the availability of products such as almond milk and tofu, as well as the development of technology to create dairy-free cheeses and eggs. These trends are expected to continue, presenting opportunities for industry stakeholders to tap into the growing demand for plant-based options and capitalize on the health and sustainability trends in the market.

Local special circumstances: In Mexico, the Dairy Products & Eggs Market is heavily influenced by the country's strong agricultural sector and its cultural preference for dairy products such as cheese and yogurt. Additionally, government regulations on dairy production and import/export policies play a significant role in shaping the market. The country's geographical location and diverse climate also contribute to the types of dairy products produced and consumed, with different regions specializing in various products such as queso fresco in the central highlands and crema in the coastal regions. These factors combine to create a unique market dynamic that sets Mexico apart from other countries in The Food market.

Underlying macroeconomic factors: The Mexican Dairy Products & Eggs Market is heavily influenced by macroeconomic factors such as trade policies, government subsidies, and consumer spending. The country's strong agricultural sector and favorable trade agreements, such as NAFTA, have allowed for the growth of the dairy industry. Additionally, the increasing demand for protein-rich foods and shifting consumer preferences towards healthier, natural products are driving the demand for dairy and egg products in Mexico. However, fluctuations in global market prices, inflation rates, and currency exchange rates can impact the cost of production and ultimately affect market performance. Furthermore, government policies and regulations, such as food safety standards and import/export regulations, also play a crucial role in shaping the market in Mexico.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.