Mexico Cheese Market Report and Forecast 2024-2032

Mexico Cheese Market Outlook

The Mexico cheese market size attained a value of USD 3.07 billion in 2023, owing to the growing demand for different cheeses and increasing consumption of fast food around the world. The market is projected to further grow at a CAGR of 7.6% between 2024 and 2032 to reach a value of USD 4.95 billion by 2032.

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Rising Demand for Cheese in Snacks, Growing Fast Food Market, and Innovative Advertising to be the Key Market Trends

Cheese is a dairy product; it is made by the process of curdling of milk or the coagulation of proteins. It mainly comprises of milk fats, proteins, and casein. Cheese is one of the most popular food ingredients consumed worldwide, owing to the versatility of its application in foods.

Herbs, spices, and berries can be used to add flavour to cheese, making it more useable in different foods. Natural cheese is witnessing increasing in demand as cheese is gaining attention as healthy food. Many companies are launching healthy cheese snack products in the market. It is made of high-quality, and natural and fresh ingredients, such as cow milk, salts, enzymes, and good bacteria.

• Some of the most in-demand types of cheese include fresco, doble crema, crema. Cheese as a protein-packed product and a healthy snack alternative to processed foods, is gaining massive popularity in the food and snacking market. This, in turn, is significantly helping the market development.

• The fast-food chains are further increasing the use of cheese, despite being the largest consumers of cheese in the market. The rise in utilisation is due to the rapidly developing fast-food market. This is one of the major drivers for the growth of cheese market, promoting new manufacturers' and distributors' business, boosting the Mexico cheese market.

• The implementation of innovative advertising by multiple market players, such as social media graphics, newspaper, Google and YouTube advertisement, and digital printing significantly helps in spreading awareness. This has been simultaneously adding to the Mexico cheese market value.

Rising Popularity of Latin Cuisine and Growing Health Consciousness to Provide Lucrative Opportunities for Market Expansion

Increasing Popularity of Latin American Foods

The influence of Latin American culture is growing across the globe. The Mexican food market has been growing significantly because of its variety of flavours and freshness. The cheeses in Mexico are also available in multiple flavours, and instead of ageing them, it is mainly served fresh. This rising popularity of Mexican food can open many development opportunities for the market.

Rising Demand for Natural Cheese and Snacks

As cheese have increasingly become prevalent as a part of healthy, protein-rich food, the demand for natural and assorted cheeses with bold flavours will keep rising. The snack market will significantly benefit from the increasing availability of flavoured cheese. Thus, providing plenty of opportunities to Mexico cheese market.

Growing Health Awareness and Lack of Proper Facilities can Pose as Major Challenges for the Market Growth

Growing Health Consciousness Among the People

Cheese is an excellent source of protein, but a significant downside is the high level of saturated fats in processed cheese and overconsuming it may cause high cholesterol. The growing health consciousness for healthy foods may hinder the market growth.

Proper Facility for Storage and Manufacturing

Cheese requires to be stored in a refrigerator with a controlled temperature. Once the cheese matches the room temperature, it can get spoiled in a short span of time, especially in summers. This can be a setback in less developed regions, as they do not have proper facilities.

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Mexico Cheese Market Analysis

Based on source, the market can be segmented into cow milk, goat milk, and buffalo milk, among others. Based on type, the segments can be divided into fresco, doble crema, panela, amarillo, crema, chihuahua, manchego, oaxaca, among others. The format available in the market include diced/cubes, slices, shredded, spreads, and blocks, among others.

The segments of distribution channels include supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others. The regional markets can be divided into Baja California, Northern Mexico, The Bajío, Cemtral Mexico, Pacific Coast, and Yucatan Peninsula.

The extensive EMR report provides a detailed assessment of the market based on the Porter's five forces model and provides a SWOT analysis. The cheese market report provides a comprehensive analysis of the following key players. It also covers their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• ILAS México SA de CV

• VAI Group

• Sigma Alimentos, S. A. de C. V

• Arla Foods amba

• Others

Cow Milk, Goat Milk, and Buffalo Milk Among the Major Sources of the Product

The sources of cheese include cow milk, goat milk, and buffalo milk, among others. The market can experience significant growth due to the rising demand for assorted cheese and cheese for home cooking. This growth will benefit all the segments in the market.

The cow milk segment is expected to grow significantly as the cheese made from cow's milk is nutrient-rich and readily available. This has made the cheese very affordable leading to wide usage of the cheese, which can help enhance the market size. The goat milk segment is driven by its versatile applications in various food products and its rising demand as fresh cheese for cooking.

Fresco, Doble Crema, Panela, Amarillo, Crema, Chihuahua, Manchego, and Oaxaca Among the Major Types of the Product

Based on type, the Mexico cheese market can be categorised into fresco, doble crema, panela, amarillo, crema, chihuahua, manchego, and oaxaca, among others.

The Mexican cheese demand is increasing due to it being served fresh. Fresco is also known as Queso Fresco, which, in English, translates to 'fresh cheese'. It is a type of white cheese traditionally made from cow's milk. It is a staple in Mexican cuisine and can be used in a variety of dishes. The versatility gives multiple opportunities for market expansion.

The doble crema cheese is a creamy and tangy add-on, usually used to provide a finishing touch to foods and add more flavour. Though, the high levels of fat may pose as a setback for this segment.

Panela, also known as Queso Panela in Mexican, resembles cottage cheese and is made of pasteurised and skimmed milk. It is gaining popularity owing to its versatile nature. It can be used in salads, in a sandwich as filling, or can be eaten itself as it does not melt when heated. Panela is garnering attention as a home-cooking ingredient, which can aid the Mexico cheese market development.

The amarillo cheese, amarillo in Spanish means "yellow" in Spanish, is matured for 90 days, and its speciality comes from the saffron in the cheese. It gives the cheese a distinct flavour and colour, and with the growing demand, it is expected to help in cheese market expansion. The Chihuahua cheese originates from the northern region of Mexico in Chihuahua, thus named so.

The Manchego cheese is made from manchego sheep’s milk. The milk used for making the cheese is raw and unpasteurised. The fresh cheese is aged for just two weeks, while another variant can be matured for over a year. Oaxaca originates from Mexico; while it is like mozzarella, it is made of cow's milk instead of water buffalo's milk.

Cheese Available in Diced/Cubes, Slices, Shredded, Spreads, and Blocks Formats

On the basis of format, the market can be categorised into diced/cubes, slices, shredded, spreads, and blocks, among others.

The sliced cheese segment is likely to account for a significant market share in the forecast period as fast food is becoming more prevalent. It is an ideal topping for foods such as a sandwich and burgers. The diced/cubes cheese has positive development opportunities as they are available in various flavours.

Diced cheese is a versatile product used in both home cooking and restaurants for salads, pizza, and pasta, among many other foods. Shredded cheese is made by passing the cheese through the shredder. Block cheese and Shredded cheese are available in multiple assorted variants. This makes them a popular option as an ingredient or topping for soup, pizza, and lasagna, among others.

The spread segment has started gaining popularity as they are easier to use in home cooking. More and more flavours are being launched, which is a growing driving factor in the market. This trend can aid in the growth of the Mexico cheese market value.

Convenience Stores, Online, Supermarkets and Hypermarkets, and Specialty Stores Among the Leading Distribution Channels

The market has several distribution channels, including convenience stores, online, supermarkets and hypermarkets, and specialty stores, among others. Among these, convenience stores hold a substantial share in the market.

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The Bajío, Northern Mexico, Central Mexico, Baja California, Pacific Coast, and Yucatan Peninsula Among the Major Regional Markets

Regions in the market include The Bajío, Northern Mexico, Central Mexico, Baja California, Pacific Coast, and Yucatan Peninsula.

The Mexico cheese market is growing at a rapid rate as the global demand for the various cheese types and Mexican cuisine keeps increasing. Baja California has started increasing its cheese production and the increase in output has added to the regional market volume. In addition to this, the region has also increased their cattle milk production to boost income.

The significant players worldwide are increasing their influence in emerging nations like Mexico. The rising influence of global players has contributed significantly to improve the cheese market expansion in the country.

The cheese market will experience continuous growth as the population keeps growing. The fast-food market is thriving, which compliments the development of the cheese market, as cheese is an ideal ingredient used in fast food.

Competitive Landscape of Mexico Cheese Market

Major companies in the Mexico cheese market involve ILAS México SA de CV, VAI Group, Sigma Alimentos, S. A. de C. V, Arla Foods amba, and more.

Key Highlights of the Report

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Mexico Cheese Market Size

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Mexico Cheese Market Growth

Mexico Cheese Market Analysis

Mexico Cheese Market Regional Analysis

Mexico Cheese Companies