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Mexico Meat Market Size, Share, Trends, Growth, Report: By Type: Raw, Processed; By Product: Beef, Pork, Chicken, Mutton, Others; By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, Departmental Stores, Online Stores, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Mexico Meat Market Outlook
The Mexico meat market size is projected to grow at a CAGR of 6.1% between 2024 and 2032. The market is being aided by the rising disposable incomes of the growing middle-class population in the country.
Key Takeaways:
- US beef exports to Mexico recorded a y-o-y increase of 15% in volume and 13% in value.
- The US accounts for 84% of the total pork imported by Mexico.
- The extension of trade-free import of meat policy by Mexico is attracting players from Brazil and European countries.
As per the USDA Global Agricultural Information network, the consumption of chicken meat in Mexico is expected to record a y-o-y growth of 3% in 2024. Due to the rising consumption of frozen meat products by Mexican consumers, the annual production is expected to reach 4.9 MMT in 2024. This is expected to favourably drive the Mexico meat market expansion over the forecast period.
The minimum wage rate of Mexican consumers recorded an increase of $6.00 between 2018-2023, which is further expected to boost the market growth. In 2023, remittances reached an all-time high in Mexico, which is also expected to favour the development of the market.
Increasing investments in researching innovative ways of producing cultured meat are expected to drive the Mexico meat market growth. This is because artificially grown meat is a more sustainable and ethical option for consumption. Moreover, since it is grown in labs, its fat content and cholesterol levels can be modified to enhance its nutritional profile, which can attract vegetarian consumers. Increasing focus on health and wellness is a primary driver of the market, which is prompting startups like Forma Foods to invest in the cultivation and large-scale commercialisation of in vitro meat.
Market Segmentation
Mexico Meat Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Raw
- Processed
Market Breakup by Product
- Beef
- Pork
- Chicken
- Mutton
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Departmental Stores
- Online Stores
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico meat market players are Industrias Bachoco, S.A. de C.V., Sigma Alimentos, S.A. de C.V., Sukarne, S.A. de C.V., JBS S.A. (Pilgrim’s), and Cargill Inc., 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 Type |
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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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| Competitive 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 Opportunities and Challenges in the Market
8 Latin America Meat Market Overview
8.1 Key Industry Highlights
8.2 Latin America Meat Historical Market (2018-2023)
8.3 Latin America Meat Market Forecast (2024-2032)
8.4 Latin America Meat Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico Meat Market Overview
9.1 Key Industry Highlights
9.2 Mexico Meat Historical Market (2018-2023)
9.3 Mexico Meat Market Forecast (2024-2032)
10 Mexico Meat Market by Type
10.1 Raw
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Processed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Mexico Meat Market by Product
11.1 Beef
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Pork
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Chicken
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Mutton
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Mexico Meat Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Specialty Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Departmental Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online Stores
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Mexico Meat Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajío
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 0201, 0203, 0204)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Industrias Bachoco, S.A. de C.V.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sigma Alimentos, S.A. de C.V.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sukarne, S.A. de C.V.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 JBS S.A. (Pilgrim’s)
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cargill Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Meat Market: Key Industry Highlights, 2018 and 2032
2. Mexico Meat Market: Key Industry Highlights, 2018 and 2032
3. Mexico Meat Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Mexico Meat Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Mexico Meat Historical Market: Breakup by Product (USD Billion), 2018-2023
6. Mexico Meat Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. Mexico Meat Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Mexico Meat Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Mexico Meat Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Mexico Meat Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. Mexico Meat Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.1% between 2024 and 2032.
The different distribution channels in the market include supermarkets and hypermarkets, speciality stores, departmental stores, and online stores, among others.
The major types of meat in the market include raw and processed.
The different products considered in the market report include beef, pork, chicken, and mutton, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Industrias Bachoco, S.A. de C.V., Sigma Alimentos, S.A. de C.V., Sukarne, S.A. de C.V., JBS S.A. (Pilgrim’s), and Cargill Inc., among others.
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