Mexico Cheese Market Size, Share, Price 2023-2028
El nuevo informe de Informes de Expertos titulado ‘Mercado Mexicano de Queso, Informe y Pronóstico 2023-2028’, ofrece un análisis profundo del Mercado de queso de México, evaluando el mercado según la fuente, el tipo, el formato, el canal de distribución y regiones. El informe analiza los factores clave de éxito y las limitaciones, rastrea las últimas tendencias en la industria y estudia su impacto en el mercado en general. Además, evalúa la dinámica del mercado, cubriendo los indicadores clave de demanda y precio, junto con el análisis del mercado basado en los modelos FODA y las Cinco Fuerzas de Porter.
The new report by Informes de Expertos titled, ‘Mexico Cheese Market Report and Forecast 2023-2028’, gives an in-depth analysis of the Mexico Cheese market, assessing the market based on source, type, product, format, distribution channel and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 7.6%
Cheese forms an intrinsic part of Mexico’s culinary culture. Being a good source of protein, cheese is also consumed as a snack by many people. Moreover, regional tastes and preferences influence the cheese market in the region. Fresh cheeses are the most consumed in Mexico. Some of the popular cheeses include queso fresco, doble cream, panela, cotija, chihuahua, Oaxaca, asadero, manchego, etc.
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Changing lifestyles, consumption patterns and the growing demand for the product in the fast-food industry drive the cheese market in Mexico. Hectic lifestyles of consumers have led to fast food consumption and take-out which are often imbued with cheese nowadays. Moreover, the availability of a wide range of cheese textures, forms and flavors also propel the market.
However, the sudden outbreak of COVID-19 and the lockdown measures led to supply chain restrictions faced by many players, which affected the market. The lack of influx of people in convenience stores, supermarkets and other distribution channels also impacted the market. However, during the third quarter, companies like Grupo Lala reported an increase in sales of the product as consumers spent more time at home, dedicating longer to home cooking and preparing meals from scratch.
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Industry Definition and Major Segments
Cheese is a high protein food product usually made from the milk of cows, buffaloes, goats and sheep. Apart from proteins, it contains fat, calcium, as well as zinc, phosphorus, riboflavin and high amounts of vitamins A and B-12.
Based on source, the market is categorised into:
- Cow Milk
- Buffalo Milk
- Goat Milk
By type, the industry is segmented into:
- Doble Crema
Based on format, the industry can be divided into:
On the basis of distribution channels, it is categorised into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
Key regions covered include:
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Growing health awareness and demand for foods that are high in proteins are supporting the cheese market in Mexico. The consumption of take-out, fast-foods and prepared food products also promotes the demand for cheese. Moreover, the growth of the foodservice industry and introduction of various types of cheese in food products to enhance flavors and tastes will also contribute to the growth of the industry.
The shifting tastes of middle- and upper-class consumers towards healthier food options are leading to the consumption of lactose-free and low-fat cheeses. Additionally, there is also demand for specialty cheese, artisan cheese, farmstead cheese and unprocessed cheese among the consumers, which is projected to catalyse the growth of the market.
Key Market Players
The major players in the market are:
- Grupo Lala SAB de CV
- Sigma Alimentos, SA de CV
- GANADEROS PRODUCTORES DE LECHE PURA S.A.P.I. DE C.V. (Alpura)
- Chilchota Alimentos SA de CV
- Mondelēz International, Inc.
- Danone S.A.
- Grupo Lactalis
This report covers the market shares, expansions, investments and mergers and acquisitions, among other latest developments of these industry players.
Informes de Expertos the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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