Mexico Carotenoids Market Outlook Report - Market Size, Share Analysis and Forecast (2025-2034)

Figure: Overview of Obesity Among the Mexican Population, in percentage (2022)

Mexico Carotenoids Market Growth Rate

Mexico is considered the largest food processor in the Americas, behind the United States and Brazil, and is among the top 15 worldwide. The increasing research and development activities on the health benefits of carotenoids are boosting its use in functional food products. The consumption of carotenoids reduces the incidence of cancers, lowers the risk of cardiovascular disease, and improves eye health.

In 2023, the Mexican population invested an average of USD 25.18 in food supplements, representing a 5% growth compared to 2022.

Obesity is a major health concern in Mexico and is a key reason causing premature deaths. As of 2022, Mexico occupies the 5th position in obesity in the world and it is estimated that the figure will rise by 35 million adults by 2030. This is equivalent to 36.8% of people of the total population of Mexico.  The inclusion of carotenoids in the diets of individuals is reported to cause reductions in weight, BMI, and other anthropometric measures in overweight and obese people, further contributing to its greater demand.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

Mexico Carotenoids Market Trends

Owing to the increased health consciousness, ageing population, and rising disposable income, the market for nutraceutical and dietary supplements is growing, which is expected to drive the demand for carotenoid-based supplements in Mexico. The carotenoid market in Mexico is thus expected to benefit from the growing emphasis on health and well-being.

Mexico’s strategic location offers significant advantages for exporting carotenoid-based products. Being close to major markets like the United States and Canada gives Mexican producers a significant advantage. The USMCA trade agreement, which succeeded NAFTA, guarantees continued preferential access to North American markets. By reducing tariffs and streamlining trade procedures, USMCA makes it easier for Mexican companies to export products like annatto-based natural food colourings.

Mexico Carotenoids Industry Segmentation

Mexico Carotenoids Market Share

Based on application, the animal feed sector accounts for a significant share of the market

Carotenoids are mostly used in animal feed as supplements to bolster animal health. In 2023, Mexico produced 43.1 million tons of feed rising from 40.2 million tons in 2018, with the broiler industry averagely consuming about 450 million grams and the layer sector consuming an additional 50 million grams of xanthophylls.

Carotenoids, such as beta-carotene, lutein, and zeaxanthin, are commonly found in supplements. Supplement consumption in Mexico is rapidly increasing as health awareness grows among the middle class and professionals.

Based on type, beta carotene is a major contributor to the Mexico carotenoids market revenue

Individuals with high blood levels of carotenoids such as beta carotene can lower their risk of macular degeneration by up to 35%.

Beta carotenes can reduce the symptoms of Alzheimer’s disease and age-related cognitive decline, increasing its adoption among the elderly population. As of 2022, Mexico had an elderly population of 8.32%. In Mexico, it is estimated that the number of dementia cases will increase by 209% between 2019 and 2050, reaching a total of 1,843,049 individuals.

Astaxanthin, primarily from microalgae, is being used in the feed and food sector for its pigment and antioxidant properties. In 2023, Mexican aquaculture production reached 237 thousand tons and is projected to reach about 296 thousand tons by 2030, thus, increasing the demand for astaxanthin due to its immunity enhancement properties in aquatic animals.

Mexico Carotenoids Market Manufacturers

Mexico Carotenoids Market Analysis by Region

Carotenoid-based supplements help preserve clear central vision and enhance overall visual performance, lowering the risk of age-related vision impairment. 43% of individuals aged 16 and older in Mexico City experience severe dry eye symptoms, which is expected to drive the applications of carotenoids.

Carotenoids are crucial for the pigmentation of egg yolks, skin, legs, beaks, combs, feathers, and fat in birds. Notably, egg production in Baja California has risen significantly, from an estimated 24.75 million tons in 2018 to 31.84 million tons in 2023.