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Report Overview
The corn market in Mexico is projected to grow at a CAGR of 1.80% between 2025 and 2034. The market is being driven by the increasing sustainable cultivation of corn in the country.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Mexico is the world's 2nd largest grain importer, followed by only China.
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In 2022-23, Mexico produced an estimated 27.4 million tonnes of corn, an increase of 0.9 million tonnes from 2021-2022.
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By application, animal feed is expected to constitute a major portion of the corn market share in Mexico.
Key Players in the Mexico Market and their Competitive Strategies
The key players in the market include Gruma, S.A.B. de C.V., Grupo Bimbo, S.A.B. de C.V., Cargill de México, Minsa, SA de C.V., and Bunge Mexico.
Quality and Consistency: Gruma, S.A.B. de C.V. and Grupo Bimbo, S.A.B. de C.V. have maintained consistent quality and leveraged their well-established brand names and heritage to build strong brand loyalty among consumers, which can aid the Mexico corn market value.
Innovative Product Development: Minsa, S.A.B. de C.V. and Bunge Mexico introduced innovative corn-based products, including healthier options like organic and non-GMO corn, to cater to modern consumer preferences and health trends.
Diversification and Range Expansion: Gruma, S.A.B. de C.V. and Cargill de México expanded their product lines to include a broader range of corn products, such as corn flour, tortillas, and corn snacks, to meet diverse culinary needs and preferences across the market.
Collaborative Partnerships: Cargill de México and Bunge Mexico formed strategic alliances with local farmers and agricultural experts to secure high-quality raw materials and develop products that cater to specific dietary needs and preferences, ensuring supply chain stability and increasing Mexico corn market revenue.
Sustainability and Eco-friendly Practices: Bunge Mexico and Cargill de México invested in sustainable farming practices, obtaining certifications, and adopting eco-friendly production and packaging methods to appeal to environmentally conscious consumers and meet regulatory standards.
Mexico Corn Market Report Snapshots
*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
The market is projected to grow at a CAGR of 1.80% between 2025 and 2034.
The different products in the market include organic and conventional.
The different applications of corn are food and beverages, animal feed, and ethanol production, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
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