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Report Overview

The Mexico flavours market attained a value of USD 757.09 Million in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 7.70%, to reach USD 1589.66 Million by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Compound Annual Growth Rate

Value in USD Million

7.7%

2025-2034


Mexico Flavours Market Outlook

*this image is indicative*

Mexico Flavours Market

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Rising Demand for Natural and Fruit Flavours Boosting the Market Growth for Flavours in Mexico

The rising disposable income and the emergence of the middle class in Mexico are aiding the growth of the flavours industry. As consumers are preferring food and beverages with functional ingredients, the demand for fruit flavours are growing significantly. Fruit flavours are being used in many alcoholic and non-alcoholic beverages as well as in various dairy applications. This is increasing the use of natural flavours, which is invigorating the market growth. Moreover, the increasing popularity of breakfast cereals with fruit flavours, such as banana, blueberry, and pomegranate, among others, is augmenting the market growth. Various health benefits associated with citrus fruits are increasing the use of citrus flavours in many beverages such as sparkling water and energy drinks. This is also propelling the growth of the flavours industry in Mexico.

The growing use of premium products such as sauces and seasonings in various food is propelling the market growth for flavours in Mexico. The increasing preference for innovative and bold flavours among the young population is also augmenting the market growth. The expansion of food chains such as Burger King and Dominos in the country is surging the use of flavours. The advent of food delivery services and quick restaurant services is further increasing the demand for international cuisines, therefore fuelling the market growth for flavours. In addition, the emergence of retail outlets is increasing the demand for convenience and processed food products, which are providing further impetus to the growth of the flavours industry in Mexico.

Flavours: Market Segmentation

Flavours are a distinctive taste of a drink or food that can be used to alter or enhance the flavour of food and beverages product. They can be prepared from essential oils such as lemons and almonds and fruits such as bananas and berries. Flavours are extensively used in the flourishing food and beverages industry.

The major flavouring agent of flavours are:

  • Nature Identical Flavouring Substance
  • Artificial Flavouring Substance
  • Natural Flavours

Based on form, the market is bifurcated into:

  • Liquid
  • Dry

The market can be broadly categorised on the basis of its applications into:

  • Beverage
  • Bakery and Confectionery Products
  • Dairy and Frozen Desserts
  • Savouries and Snacks
  • Others

Mexico Flavours Market by Segment

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Globalisation of Dietary Practices to Bolster the Growth of the Flavours Industry in Mexico

The rising demand for exotic cuisines such as Indian, Greek, Korean, and Italian cuisines owing to the globalisation of culinary practices is anticipated to invigorate the market growth. The rising use of botanical and herbal flavours with provenance claims such as hoja santa, epazote, marjoram, lavender, rose, and turmeric in foods and beverages for holistic wellbeing is also propelling the industry growth. Botanical flavours are increasingly used in snacks such as ice-creams and cookies as consumers are preferring ingredients with a plant-based diet and health-enhancement properties.  This has surged significantly due to the coronavirus pandemic as many consumers interrogated the health impact and environmental impact of the food they consumed. This is increasing the demand for natural flavours, hence augmenting the market growth.

The demand for immunity boosting food and beverages is leading the development of various innovative and delicious products in various restaurants. This is increasing the use of various flavours, which is also fuelling the industry growth. Similarly, major companies are developing food products rich with nutrients while providing comfort flavours, consequently propelling the growth of the flavours industry in Mexico. Moreover, the increasing vegan and vegetarian population in Mexico is increasing the demand for plant-based meat substitutes in which flavouring agents are used extensively. This is expected to invigorate the market growth.

Key Industry Players in the Mexico Flavours Market

The report presents a detailed analysis of the following key players in the Mexico flavours market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Givaudan SA
  • Kerry Group
  • International Flavors & Fragrances Inc.
  • Wild Flavours (ADM)
  • Tulip Aromatics de México SA de CV
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

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Mexico Flavours Market Report Snapshots

Mexico Flavours Market Size

Mexico Flavours Market Growth

Mexico Flavours Companies

*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 Mexico flavours market attained a value of about USD 757.09 Million in 2024.

The Mexico flavours market is projected to grow at a CAGR of 7.70% between 2025 and 2034.

The major drivers of the market are the rising demand for natural and fruit flavoured products, the expansion of retail outlets and restaurant chains, and the advent of quick-service restaurants.

The rising demand for exotic cuisines, the growing use of immunity-boosting and botanical flavours in food and beverages, and the increasing vegan population in the country are the key trends driving the market expansion.

The major flavouring agents considered in the market report are nature identical flavouring substance, artificial flavouring substance, and natural flavours.

Liquid and dry are the various segments based on the form of flavours.

The significant applications of flavours include beverage, bakery and confectionery products, dairy and frozen desserts, and savouries and snacks, among others.

The key players in the market are Givaudan SA, Kerry Group, International Flavors & Fragrances Inc., Wild Flavours (ADM), and Tulip Aromatics de México SA de CV, among others.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 1589.66 Million by 2034.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Flavouring Agent
  • Form
  • Application
Breakup by Flavouring Agent
  • Nature Identical Flavouring Substance
  • Artificial Flavouring Substance
  • Natural Flavours
Breakup by Form
  • Liquid
  • Dry
Breakup by Application
  • Beverage
  • Bakery and Confectionery Products
  • Dairy and Frozen Desserts
  • Savouries and Snacks
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Givaudan SA
  • Kerry Group
  • International Flavors & Fragrances Inc.
  • Wild Flavours (ADM)
  • Tulip Aromatics de México SA de CV
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

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