Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Mexico Flavours Market Growth

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.

 

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 2023.

The Mexico flavours market is projected to grow at a CAGR of 7.7% between 2024 and 2032.

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.

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+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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