The dairy market in Mexico was valued at 4.24 billion USD in 2015 (calculated in retail prices). From 2015 to 2019, it grew at a compound annual growth rate (CAGR) of 4.93% to reach 5.14 billion USD. The market is segmented into milk and cream, yogurt and curdled milk, and cream cheese. In 2019, the segments recorded shares of 70%, 25%, and 5%, respectively.
In 2015, the per capita consumption value of dairy in Mexico was 34.18 USD (in retail prices). Until 2019, the consumption grew at a CAGR of 4.52% to reach 40.79 USD. That was lower than the average value for North America, whose per capita consumption of dairy was equal to 84.3 USD.
Research Scope
The market research report presents a strategic analysis of the market and a forecast for its development in the medium term. The research study provides a comprehensive overview of the market:
- Volume and value size and dynamics,
- Structure and characteristics;
- Competitive landscape and major companies;
- Trends and challenges;
- Growth and demand drivers;
- Consumption and prices;
- Imports and exports;
- Forecast for development.
The report also provides socio-economic data for the region and a product breakdown, offering a broader perspective on the market dynamics within a region.
Companies Mentioned
The report includes information on the following companies:
- Arla Foods;
- Britannia Industries Limited;
- China Yurun Food Group;
- Chobani LLC;
- DairyAmerica;
- Danone S.A.;
- JBS;
- Lactalis Group;
- Meggle AG;
- Nestle;
- Tatura;
- The Kraft Heinz Company;
- Tyson Foods;
- Wen's Food Group.
Methodology
The market research report was prepared with Williams & Marshall Strategy’s methodology. It includes a blend of qualitative and quantitative data that comes from official sources. All research is then validated by insights gathered from semi-structured interviews with market experts. They are representatives of the main market participants – producers, distributors, wholesalers, and retailers.
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