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Mexico Fresh Food Market

Mexico Fresh Food Market Size, Share, Analysis, Forecast: By Product Type: Bread and Bakery, Dairy, Fish and Seafood, Fruits and Vegetables, Meat and Poultry; By Distribution Channel: Supermarkets and Hypermarkets, Open Market, Departmental Stores, Online, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Mexico Fresh Food Market Outlook

The Mexico fresh food market size reached approximately USD 87.89 billion in 2023. The market is further projected to grow at a CAGR of 4.5% between 2024 and 2032, reaching a value of USD 130.66 billion by 2032.

 

Key Trends in the Market

Fresh food refers to food products that are not preserved by freezing, dehydration, canning, or smoking. These food products are locally sourced and are able to retain their nutritional value and flavours. They contain essential minerals, vitamins, and fibres, among others that are essential for the maintenance of good health.

 

  • The increasing awareness about the various advantages associated with the consumption of fresh food products is bolstering the Mexico fresh food market growth. The growing prevalence of various lifestyle diseases and disorders in Mexico has resulted in a shift in dietary habits of the consumers.
  • The growing demand for organic food products owing to increasing awareness about the potential health risks associated with the consumption of pesticides and chemicals in conventional farming practices is supporting the market expansion. The high nutritional value and better taste of fresh organic fruits and vegetables is further boosting their consumption in Mexico.
  • The rising availability of fresh foods across online distribution channels is providing lucrative growth opportunities to the market. Shopping across online distribution channels eliminates the hassle of driving to grocery stores and supermarkets at peak hours and ensures that customers receive fresh produce at their doorstep.

 

Mexico Fresh Food Market Analysis

On the basis of product type, the market is divided into bread and bakery, dairy, fish and seafood, fruits and vegetables, and meat and poultry. Based on distribution channel, the market is divided into supermarkets and hypermarkets, open markets, departmental stores, and online, among others.

 

On the basis of region, the Mexico fresh food market segmentation includes 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 market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • 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
  • Alimentos Profusa, SA de CV
  • Others

 

Market Share by Product Type

The rising requirement for fresh meat and poultry is boosting the Mexico fresh food market demand. The increasing population and growing demand for different sources of protein is supporting the market growth in Mexico. Fresh meat and poultry provide various health benefits to the consumer due to their low levels of fat and high nutritional value. The increased accessibility of the food products across different distribution channels is further supporting the segment growth.

 

Market Share by Distribution Channel

Supermarkets and hypermarkets are anticipated to account for a significant Mexico fresh food market share. The growth can be attributed to the availability of a wide range of products and selection of producers to choose from. The convenience and prices also attract consumers to supermarkets and hypermarkets. Additionally, the presence of helpful sales professionals and representatives allows consumers to select products most suitable to their requirements.

 

Competitive Landscape

Grupo Bimbo, S.A.B. de C.V., headquartered in Mexico City, Mexico, is a multinational food company that has a strong distribution network and prominent presence in over 33 countries. The company provides various products including Oroweat, Rainbo, Sara Lee, and Bimbo, among others.

 

Sigma Alimentos, S.A de C.V., headquartered in San Pedro Garza García, Mexico, is a multinational food distribution and processing company that is involved in the production and distribution of refrigerated foods, yogurts, cheeses, and lunch meats.

 

Grupo Herdez, S.A.B. de C.V., headquartered in Mexico, provides different Mexican food products in various regions acroos the United States. The product portfolio of the company includes frozen yogurt, mayonnaise, tuna, guacomole, and spices, among others.

 

Other Mexico fresh food market key players include 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.

 

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:

  • Product Type
  • Distribution Channel
  • Region
Breakup by Product Type
  • Bread and Bakery
  • Dairy
  • Fish and Seafood
  • Fruits and Vegetables
  • Meat and Poultry
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Open Market
  • Departmental Stores
  • Online
  • Others
Breakup by Region
  • Baja California
  • Northern Mexico
  • The Bajío
  • Central Mexico
  • Pacific Coast
  • Yucatan Peninsula
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
  • Alimentos Profusa, SA de CV
  • Others

 

*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 Fresh Food Market Overview

    8.1    Key Industry Highlights
    8.2    Mexico Fresh Food Historical Market (2018-2023) 
    8.3    Mexico Fresh Food Market Forecast (2024-2032)
9    Mexico Fresh Food Market by Product Type
    9.1    Bread and Bakery
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Dairy
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Fish and Seafood
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Fruits and Vegetables
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
    9.5    Meat and Poultry
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
10    Mexico Fresh Food Market by Distribution Channel
    10.1    Supermarkets and Hypermarkets
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Open Market
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Departmental Stores
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Online
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Mexico Fresh Food 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    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Grupo Bimbo, S.A.B. de C.V.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Sigma Alimentos, S.A de C.V.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Grupo Herdez, S.A.B. de C.V.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Bachoco, SA DE CV
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    GRUMA, S.A.B. de C.V
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    JBS SA
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Garcia Fresh Vegetables LLC
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    AGRANA Beteiligungs-AG
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    Can-Am Pepper Company Limited
            13.2.9.1    Company Overview
            13.2.9.2    Product Portfolio
            13.2.9.3    Demographic Reach and Achievements
            13.2.9.4    Certifications
        13.2.10    Alimentos Profusa, SA de CV
            13.2.10.1    Company Overview
            13.2.10.2    Product Portfolio
            13.2.10.3    Demographic Reach and Achievements
            13.2.10.4    Certifications
        13.2.11    Others
14    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Fresh Food Market: Key Industry Highlights, 2018 and 2032
2.    Mexico Fresh Food Market: Key Industry Highlights, 2018 and 2032
3.    Mexico Fresh Food Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4.    Mexico Fresh Food Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5.    Mexico Fresh Food Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
6.    Mexico Fresh Food Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
7.    Mexico Fresh Food Historical Market: Breakup by Region (USD Billion), 2018-2023
8.    Mexico Fresh Food Market Forecast: Breakup by Region (USD Billion), 2024-2032
9.    Mexico Fresh Food Market Structure

Key Questions Answered in the Report

The market reached a value of approximately USD 87.89 billion in 2023.

The market is projected 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 reach USD 130.66 billion by 2032.

The major market drivers include increasing awareness about the various health benefits of consuming fresh foods and low-fat content of the products.

The key trends fuelling the growth of the market include rising availability of fresh foods across online distribution channels and growing demand for organic fresh food products.

The major regions in the market are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.

The significant distribution channels include supermarkets and hypermarkets, open markets, departmental stores, and online, among others.

The 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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