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The Mexico cheese market size attained a value of USD 3.07 billion in 2023, owing to the growing demand for different cheeses and increasing consumption of fast food around the world. The market is projected to further grow at a CAGR of 7.6% between 2024 and 2032 to reach a value of USD 4.95 billion by 2032.
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Cheese is a dairy product; it is made by the process of curdling of milk or the coagulation of proteins. It mainly comprises of milk fats, proteins, and casein. Cheese is one of the most popular food ingredients consumed worldwide, owing to the versatility of its application in foods.
Herbs, spices, and berries can be used to add flavour to cheese, making it more useable in different foods. Natural cheese is witnessing increasing in demand as cheese is gaining attention as healthy food. Many companies are launching healthy cheese snack products in the market. It is made of high-quality, and natural and fresh ingredients, such as cow milk, salts, enzymes, and good bacteria.
The influence of Latin American culture is growing across the globe. The Mexican food market has been growing significantly because of its variety of flavours and freshness. The cheeses in Mexico are also available in multiple flavours, and instead of ageing them, it is mainly served fresh. This rising popularity of Mexican food can open many development opportunities for the market.
As cheese have increasingly become prevalent as a part of healthy, protein-rich food, the demand for natural and assorted cheeses with bold flavours will keep rising. The snack market will significantly benefit from the increasing availability of flavoured cheese. Thus, providing plenty of opportunities to Mexico cheese market.
Cheese is an excellent source of protein, but a significant downside is the high level of saturated fats in processed cheese and overconsuming it may cause high cholesterol. The growing health consciousness for healthy foods may hinder the market growth.
Cheese requires to be stored in a refrigerator with a controlled temperature. Once the cheese matches the room temperature, it can get spoiled in a short span of time, especially in summers. This can be a setback in less developed regions, as they do not have proper facilities.
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Based on source, the market can be segmented into cow milk, goat milk, and buffalo milk, among others. Based on type, the segments can be divided into fresco, doble crema, panela, amarillo, crema, chihuahua, manchego, oaxaca, among others. The format available in the market include diced/cubes, slices, shredded, spreads, and blocks, among others.
The segments of distribution channels include supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others. The regional markets can be divided into Baja California, Northern Mexico, The Bajío, Cemtral Mexico, Pacific Coast, and Yucatan Peninsula.
The extensive EMR report provides a detailed assessment of the market based on the Porter's five forces model and provides a SWOT analysis. The cheese market report provides a comprehensive analysis of the following key players. It also covers their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
The sources of cheese include cow milk, goat milk, and buffalo milk, among others. The market can experience significant growth due to the rising demand for assorted cheese and cheese for home cooking. This growth will benefit all the segments in the market.
The cow milk segment is expected to grow significantly as the cheese made from cow's milk is nutrient-rich and readily available. This has made the cheese very affordable leading to wide usage of the cheese, which can help enhance the market size. The goat milk segment is driven by its versatile applications in various food products and its rising demand as fresh cheese for cooking.
Based on type, the Mexico cheese market can be categorised into fresco, doble crema, panela, amarillo, crema, chihuahua, manchego, and oaxaca, among others.
The Mexican cheese demand is increasing due to it being served fresh. Fresco is also known as Queso Fresco, which, in English, translates to 'fresh cheese'. It is a type of white cheese traditionally made from cow's milk. It is a staple in Mexican cuisine and can be used in a variety of dishes. The versatility gives multiple opportunities for market expansion.
The doble crema cheese is a creamy and tangy add-on, usually used to provide a finishing touch to foods and add more flavour. Though, the high levels of fat may pose as a setback for this segment.
Panela, also known as Queso Panela in Mexican, resembles cottage cheese and is made of pasteurised and skimmed milk. It is gaining popularity owing to its versatile nature. It can be used in salads, in a sandwich as filling, or can be eaten itself as it does not melt when heated. Panela is garnering attention as a home-cooking ingredient, which can aid the Mexico cheese market development.
The amarillo cheese, amarillo in Spanish means "yellow" in Spanish, is matured for 90 days, and its speciality comes from the saffron in the cheese. It gives the cheese a distinct flavour and colour, and with the growing demand, it is expected to help in cheese market expansion. The Chihuahua cheese originates from the northern region of Mexico in Chihuahua, thus named so.
The Manchego cheese is made from manchego sheep’s milk. The milk used for making the cheese is raw and unpasteurised. The fresh cheese is aged for just two weeks, while another variant can be matured for over a year. Oaxaca originates from Mexico; while it is like mozzarella, it is made of cow's milk instead of water buffalo's milk.
On the basis of format, the market can be categorised into diced/cubes, slices, shredded, spreads, and blocks, among others.
The sliced cheese segment is likely to account for a significant market share in the forecast period as fast food is becoming more prevalent. It is an ideal topping for foods such as a sandwich and burgers. The diced/cubes cheese has positive development opportunities as they are available in various flavours.
Diced cheese is a versatile product used in both home cooking and restaurants for salads, pizza, and pasta, among many other foods. Shredded cheese is made by passing the cheese through the shredder. Block cheese and Shredded cheese are available in multiple assorted variants. This makes them a popular option as an ingredient or topping for soup, pizza, and lasagna, among others.
The spread segment has started gaining popularity as they are easier to use in home cooking. More and more flavours are being launched, which is a growing driving factor in the market. This trend can aid in the growth of the Mexico cheese market value.
The market has several distribution channels, including convenience stores, online, supermarkets and hypermarkets, and specialty stores, among others. Among these, convenience stores hold a substantial share in the market.
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Regions in the market include The Bajío, Northern Mexico, Central Mexico, Baja California, Pacific Coast, and Yucatan Peninsula.
The Mexico cheese market is growing at a rapid rate as the global demand for the various cheese types and Mexican cuisine keeps increasing. Baja California has started increasing its cheese production and the increase in output has added to the regional market volume. In addition to this, the region has also increased their cattle milk production to boost income.
The significant players worldwide are increasing their influence in emerging nations like Mexico. The rising influence of global players has contributed significantly to improve the cheese market expansion in the country.
The cheese market will experience continuous growth as the population keeps growing. The fast-food market is thriving, which compliments the development of the cheese market, as cheese is an ideal ingredient used in fast food.
Major companies in the Mexico cheese market involve ILAS México SA de CV, VAI Group, Sigma Alimentos, S. A. de C. V, Arla Foods amba, and more.
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 Type |
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Breakup by Format |
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Breakup by Distribution Channels |
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Breakup by Region |
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Market Dynamics |
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Price Analysis |
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Competitive Landscape |
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Companies Covered |
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India Ductile Iron Pipes Market
*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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In 2023, the Mexico cheese market attained a value of USD 3.07 billion.
The market is likely to rise at a CAGR of 7.6% between 2024 and 2032.
The market is expected to experience positive growth to reach USD 4.95 billion in 2032.
The expanding fast-food industry and increasing prevalence of cheese as a protein source are the main market drivers.
The growing demand of cheese for fast foods and innovative advertising for snacks are the key trends followed in the market.
The major regions in the market are The Bajío, Northern Mexico, Central Mexico, Baja California, Pacific Coast, and Yucatan Peninsula.
The segments in the market, based on source, include cow milk, goat milk, buffalo milk, and others.
The types of cheese in the market include fresco, doble crema, panela, amarillo, crema, chihuahua, manchego, and oaxaca, among others.
The different formats of cheese in the market include diced/cubes, slices, shredded, spreads, and blocks, among others.
The products are distributed in the market through convenience stores, online, supermarkets and hypermarkets, and specialty stores, among others.
The major players in the industry include Arla Foods amba, Sigma Alimentos, S.A. de C.V., VAI Group, and ILAS México SA de CV, among others.
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