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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Fresh Food Market Growth
Fresh food refers to food products that are not preserved by freezing, dehydration, canning, or smoking. These food products are locally sourced and have several nutritional value and flavours. They contain essential minerals, vitamins, and fibres, among other values that are essential for the maintaining good health. As per industry reports, Mexico exports over USD 11 billion worth of fresh produce to the U.S. annually, making it a critical trade partner for fresh fruits and vegetables.
The Mexico fresh food market development is expected to continue growing, driven by factors such as increasing disposable income, urbanisation, and a growing middle class. Consumers are shifting towards online shopping and home delivery due to the convenience and safety it offers, particularly during the pandemic. The market is also expected to stabilise with the control of inflation and the government's initiatives to curb food price increases, leading to increased spending on fresh food.
Mexico Fresh Food Market Report Snapshots
Mexico Fresh Food Market Growth
Mexico Fresh Food Market Trends
Mexico Fresh Food Market Share
Mexico Fresh Food 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 fresh food market in Mexico reached an approximate value of USD 87.89 billion.
The market is expected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 130.66 billion by 2032.
The major drivers of the market include increasing awareness about the various health benefits of consuming fresh foods, low-fat content of poultry and meat products, and growing prevalence of diseases.
Key trends aiding market expansion include the rising availability of fresh foods across online distribution channels, expansion of farmer’s market in Mexico, and growing demand for organic fresh food products.
Regions considered in the market are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
Based on distribution channel, the market is divided into supermarkets and hypermarkets, open markets, departmental stores, and online, among others.
Key players in the market are Grupo Bimbo, S.A.B. de C.V., Sigma Alimentos, S.A de C.V., Grupo Herdez, S.A.B. de C.V., Bachoco, SA DE CV, GRUMA, S.A.B. de C.V, JBS SA, Garcia Fresh Vegetables LLC, AGRANA Beteiligungs-AG, Can-Am Pepper Company Limited, and Alimentos Profusa, SA de CV, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124