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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Flavours Market Size
The Mexico flavours market attained a value of about USD 757.09 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.7%.
Mexico Flavours 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 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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