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Mexico Canned Food Market Size, Share, Growth, Forecast: By Source: Organic, Conventional; By Product: Canned Fruits and Vegetables, Canned Meat and Seafood, Canned Ready Meals, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032
Mexico Canned Food Market Outlook
The Mexico canned food market size reached a value of approximately USD 2.40 billion in 2023. The market is further projected to grow at a CAGR of 4.10% between 2024 and 2032, reaching a value of USD 3.44 billion by 2032.
Key Trends in the Market
Canned foods are minimally processed foods that are preserved by heat treatment in sealed containers, separating the sterilised food away from the outside environment to prevent spoilage. Canned food retains essential nutrients such as proteins, fats, vitamins, carbs, and minerals that are considered essential for the overall health of the body.
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- Increasing number of working professionals and decreasing leisure time has augmented the demand for convenient and ready-to-go food options, including canned foods, as they do not require pre-planning and cutting, while washing and cleaning activities are also minimal. Due to this added convenience and lifestyle changes, the Mexico canned food market is witnessing a substantial growth.
- Growing inclination of consumers towards the consumption of organically grown food products, such as fruits, vegetables, and meat products, owing to various health benefits associated with them is boosting the demand for organic canned foods.
- The food manufacturers are focused on providing consumers high quality canned products with improved taste and high nutritional value. Such efforts are project to enhance the quality of canned foods and boost their consumption in various regions across Mexico.
Market Analysis
Based on source, the market is segmented into organic and conventional. On the basis of product, the Mexico canned food market is divided into canned fruits and vegetables, canned meat and seafood, and canned ready meals, among others. By distribution channel, the market is categorised into supermarkets and hypermarkets, convenience stores, and e-commerce, among others. Based on region, the market is divided into Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Mexico canned food market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- ConAgra Brands, Inc.
- The Kraft Heinz Company
- Nestle S.A.
- Campbell Soup Company
- Del Monte Foods, Inc.
- Grupo Herdez
- Conserves La Costeña, SA de CV
- Others
Market Share by Product
Canned meat and seafoods held a major share in the Mexico canned food market owing to various health, nutrition, and convenience benefits associated with these products. Canned seafoods such as crabs, fishes, and clams are highly nutritious, have high amount of protein content, and are easy to store and lasts longer than fresh food. Manufacturers across the country are expanding their production rate for manufacturing canned meat and seafood in order to meet the growing demand.
Market Share by Distribution Channel
The supermarkets and hypermarkets segment accounted for a large share of the market owing to the availability of a wide range of essential and non-essential products, including packaged and canned foods, on retail shelves. Consumers across Mexico prefer purchasing canned foods from supermarkets and hypermarkets, as products from various brands and economic ranges are available for sale to customers through these channels.
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Competitive Landscape
ConAgra Brands, Inc. was founded in 1919 and is headquartered in Illinois, United States. The company manufactures and distributes packaged foods for retail consumers, institutions, and restaurant chains, delivering the products to meet the the food industry's highest safety and quality standards.
The Kraft Heinz Company is a multinational food company that was founded in 2015 and is headquartered in Illinois, United States. The company is known for manufacturing and selling beverages, convenience food, food service and snack foods.
Nestle S.A. was established in 1866 and has its headquarters located in Vaud, Switzerland. The multinational food and beverage processing company is involved in the manufacturing and marketing of food products such as coffee, confectionery, creamer, bottled water, pet foods, and other packaged foods.
Other players in the Mexico canned food market include Campbell Soup Company, Del Monte Foods, Inc., Grupo Herdez, and Conserves La Costeña, SA de CV, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Product |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Mexico Canned Food Market Overview
8.1 Key Industry Highlights
8.2 Mexico Canned Food Historical Market (2018-2023)
8.3 Mexico Canned Food Market Forecast (2024-2032)
9 Mexico Canned Food Market by Source
9.1 Organic
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Conventional
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Mexico Canned Food Market by Product
10.1 Canned Fruits and Vegetables
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canned Meat and Seafood
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Canned Ready Meals
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Mexico Canned Food Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 E-commerce
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Mexico Canned Food Market by Region
12.1 Baja California
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Northern Mexico
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 The Bajío
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Central Mexico
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Pacific Coast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Yucatan Peninsula
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Key Company Profiles
14.2.1 ConAgra Brands, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Kraft Heinz Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Nestle S.A.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Campbell Soup Company
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Del Monte Foods, Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Grupo Herdez
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Conservas La Costeña , SA de CV
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Canned Food Market: Key Industry Highlights, 2018 and 2032
2. Mexico Canned Food Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Mexico Canned Food Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Mexico Canned Food Historical Market: Breakup by Product (USD Billion), 2018-2023
5. Mexico Canned Food Market Forecast: Breakup by Product (USD Billion), 2024-2032
6. Mexico Canned Food Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Mexico Canned Food Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Mexico Canned Food Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Mexico Canned Food Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Mexico Canned Food Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 2.40 billion in 2023.
The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 3.44 billion by 2032.
The key drivers of the market are the rising consumption of convenience and packaged foods, demand for products with high shelf stability, and changing consumer eating habits.
The key trends of the market include fast paced lifestyle, demand for organically grown products as canned foods, and the increasing focus of manufacturers on developing high quality canned food products.
The various products available in the market include canned fruits and vegetables, canned meat and seafood, and canned ready meals, among others.
The major regions in the market are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key players in the Mexico canned food market are ConAgra Brands, Inc., The Kraft Heinz Company, Nestle S.A., Campbell Soup Company, Del Monte Foods, Inc., Grupo Herdez, and Conserves La Costeña, SA de CV, among others.
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