Reports
Sale
Mexico Fish and Seafood Market Size, Analysis, Forecast: By Type: Molluscs, Crustaceans, Fishes, Others; By Product: Fresh, Canned, Frozen; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Trade Data Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Mexico Fish and Seafood Market Outlook
The Mexico fish and seafood market size reached approximately USD 5.98 billion in 2023. The market is estimated to grow at a CAGR of 5.8% in the forecast period of 2024-2032, reaching a value of around USD 9.88 billion by 2032.
Key Trends in the Market
Fish and seafood refer to the aquatic creatures present in the sea, ocean, and other water bodies, that are considered edible by humans. Seafood primarily consists of salmon, shellfish, molluscs, and seaweeds, among others, that can be baked, steamed, or cooked into different recipes.
- Growing demand for processed or ready-to-cook seafood due to the busy lifestyle of the working population is one of the prominent Mexico fish and seafood market trends. Consumers are opting for ready-to-eat seafood products with longer shelf life, which provides convenient cooking options for the urban lifestyle.
- The surge in the export of fish and other aquaculture animals from Mexico to the neighbouring countries of North America, including Canada and the United States, is also a crucial trend supporting the market expansion.
- Increased incorporation of sustainable fishing practices such as hook and line fishing, modern spearfishing, setting fish traps, and seasonal fishing of certain species, coupled with favourable regulatory laws aimed at improving the welfare of fishers, also provide impetus to the Mexico fish and seafood market growth.
- Several market players are adopting advanced packaging technologies such as active food packaging and vacuum food packaging for seafood products to preserve their quality, enhance their shelf stability, and limit the growth of aerobic bacteria and fungi.
Market Analysis
Based on type, the market is divided into molluscs, crustaceans, and fishes, among others. The Mexico fish and seafood market segmentation, on the basis of product, includes fresh, canned, and frozen. The major regional markets of fish and seafood in Mexico are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
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 fish and seafood market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- TUNY (Grupo Marítimo Industrial SA de CV)
- Del Pacifico Seafoods LLC
- SmartFish
- Mau Pacific
- PINSA Comercial SA de CV
- LUIS CALVO SANZ S.A.
- Others
Market Share by Type
Fishes occupy a significant portion of the Mexico fish and seafood market share owing to the growing incorporation of fishes such as salmon, tuna, and trout in the culinary dishes of the country. Fishes and fish-based products are rich sources of protein and fatty acids, which makes them popular among health-conscious consumers and fitness enthusiasts. Additionally, fish is widely consumed during the Lenten and holy meal tradition of Mexico, which further provides a positive market outlook.
Market Share by Product
As per the Mexico fish and seafood market analysis, fresh fish and seafood account for a substantial share of the market. This can be attributed to the high demand for natural seafood products due to their freshness and excellent nutritional quality. The majority of consumers in the country prefer to consume fresh seafood-based culinary dishes that contain natural flavours.
Meanwhile, canned fish and seafood are expected to witness robust growth in the forecast period owing to the burgeoning popularity of convenient food products among the young population with hectic lifestyles.
Competitive Landscape
Del Pacifico Seafoods LLC, incorporated in 2014, is a provider of shrimp and other seafood products, based in California, the United States. The company promotes sustainability through its responsible fishing practices and spreads social awareness among fishermen.
Mau Pacific is a seafood provider, founded in 2009, with its headquarters in Jalisco, Mexico. Some of its major seafood products include smoked salmon, whole smoked salmon, scallops, and fresh hake, among others.
PINSA Comercial SA de CV, established in 2011, is a distributor of canned tuna and other seafood products, headquartered in Mexico City, Mexico. Some of its major brands include Pains, El Dorado, Tuna Dolores, and Portola, among others.
Other Mexico fish and seafood market players include TUNY (Grupo Marítimo Industrial SA de CV), SmartFish, and LUIS CALVO SANZ S.A., 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:
|
| Breakup by Type |
|
| Breakup by Product |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 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 Opportunities and Challenges in the Market
8 Mexico Fish and Seafood Market Overview
8.1 Key Industry Highlights
8.2 Mexico Fish and Seafood Historical Market (2018-2023)
8.3 Mexico Fish and Seafood Market Forecast (2024-2032)
9 Mexico Fish and Seafood Market by Type
9.1 Molluscs
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Crustaceans
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Fishes
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Others
10 Mexico Fish and Seafood Market by Product
10.1 Fresh
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canned
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Frozen
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Mexico Fish and Seafood Market by Region
11.1 Baja California
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Northern Mexico
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 The Bajío
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Central Mexico
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Pacific Coast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Yucatan Peninsula
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
13 Trade Data Analysis
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 TUNY (Grupo Marítimo Industrial SA de CV)
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 Del Pacifico Seafoods LLC
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 SmartFish
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 Mau Pacific
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 PINSA Comercial SA de CV
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 LUIS CALVO SANZ S.A.
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 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Fish and Seafood Market: Key Industry Highlights, 2018 and 2032
2. Mexico Fish and Seafood Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Mexico Fish and Seafood Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Mexico Fish and Seafood Historical Market: Breakup by Product (USD Billion), 2018-2023
5. Mexico Fish and Seafood Market Forecast: Breakup by Product (USD Billion), 2024-2032
6. Mexico Fish and Seafood Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Mexico Fish and Seafood Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. Mexico Fish and Seafood Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 5.98 billion.
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 9.88 billion by 2032.
The major market drivers are increased consumer inclination towards a healthy diet and the growing preference for fresh seafood.
The key trends of the market include growing demand for processed or ready-to-cook seafood, the surge in the export of fish and other aquaculture animals from Mexico, increased incorporation of sustainable fishing practices, and the rising adoption of advanced packaging technologies by market players.
The major regions in the market are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
Different products are molluscs, crustaceans, and fishes, among others.
The key players in the market are TUNY (Grupo Marítimo Industrial SA de CV), Del Pacifico Seafoods LLC, SmartFish, Mau Pacific, PINSA Comercial SA de CV, and LUIS CALVO SANZ S.A., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER