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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Mexico Cheese Market Report Snapshots
Mexico Cheese Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Mexico cheese market attained a value of USD 3.07 billion.
The market is likely to rise at a CAGR of 7.6% between 2024 and 2032.
The market is expected to experience positive growth to reach USD 4.95 billion in 2032.
The expanding fast-food industry and increasing prevalence of cheese as a protein source are the main market drivers.
The growing demand of cheese for fast foods and innovative advertising for snacks are the key trends followed in the market.
The major regions in the market are The Bajío, Northern Mexico, Central Mexico, Baja California, Pacific Coast, and Yucatan Peninsula.
The segments in the market, based on source, include cow milk, goat milk, buffalo milk, and others.
The types of cheese in the market include fresco, doble crema, panela, amarillo, crema, chihuahua, manchego, and oaxaca, among others.
The different formats of cheese in the market include diced/cubes, slices, shredded, spreads, and blocks, among others.
The products are distributed in the market through convenience stores, online, supermarkets and hypermarkets, and specialty stores, among others.
The major players in the industry include Arla Foods amba, Sigma Alimentos, S.A. de C.V., VAI Group, and ILAS México SA de CV, among others.
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