Expected to see substantial growth, the Mexico plant-based dairy market is anticipated to move from USD 754.4 million in 2023 to USD 1,164.3 million by 2029, corresponding to a CAGR of 7.5%. Mexico’s plant-based dairy market is booming, driven by a growing awareness of health and wellness, with lactose intolerance being a major concern among urban populations. The younger demographic is adopting vegan and flexitarian diets, influenced by Western trends and the availability of high-quality plant-based products. Additionally, sustainability is a significant factor, with consumers increasingly opting for eco-friendly and ethically produced alternatives.
This report provides a thorough assessment of the Mexico plant-based dairy industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the plant-based dairy industry.
Market Segmentation
The Mexico plant-based dairy market is categorized into the following segments:
Product type: plant-based milk, plant-based cheese
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food & drinks stores, grocery stores, e-commerce, others
The plant-based dairy market in the Mexico is segmented by product type and distribution channel. In terms of product type, the market is segmented into plant-based milk, and plant-based cheese. Distribution channel segmentation includes convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food & drinks stores, grocery stores, e-commerce, and others.
Competitive Landscape
Leading companies in the plant-based dairy market include The Coca-Cola Company, Nestle S.A., Heartbest SAPI de CV, Grupo Lala S.A.B. de C.V. , Grupo Industrial Cuadritos Biotek S.A. de C.V., Flora Food Group B.V. and Danone S.A. This comprehensive report analyzes the performance of leading companies in the plant-based dairy sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Mexico Plant-based Dairy Market – Product Type Analysis
Mexico Plant-based Dairy Market – Distribution Channel Analysis
Key Players and Market Share
– The Coca-Cola Company
– Nestle S.A.
– Heartbest SAPI de CV
– Grupo Lala S.A.B. de C.V.
– Grupo Industrial Cuadritos Biotek, S.A. de C.V.
– Flora Food Group B.V.
– Danone S.A.
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Mexico Plant-based Dairy Market 2019-2029
Chart Mexico Plant-based Dairy Market, Net Growth, 2019-2029
Chart Mexico Plant-based Dairy Market, Growth Rates, 2019-2029
Table Mexico Plant-based Dairy Market by Product Type, 2019-2029
Chart Mexico Plant-based Dairy Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Mexico Plant-based Dairy Market by Product Type, 2019-2029
Table Mexico Plant-based Dairy Market by Distribution Channel, 2019-2029
Chart Mexico Plant-based Dairy Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Mexico Plant-based Dairy Market by Distribution Channel, 2019-2029
Table Mexico Plant-based Dairy Market Share (%), by Companies, 2019-2023
Chart Mexico Plant-based Dairy Market, by Companies, 2023
Table Mexico Plant-based Dairy Market Share (%), by Brands, 2019-2023
Chart Mexico Plant-based Dairy Market, by Brands, 2023
Table Mexico – Population (Millions) and Forecast
Table Mexico – Consumer Price Index (CPI) and Forecast
Table Mexico – Gross Domestic Product and Forecast
Table Mexico Plant-based Dairy Market: Spend as a Proportion of GDP (%)
Table Mexico Plant-based Dairy Market: Consumption per Capita (Population)
Companies Mentioned
The Coca-Cola Company
Nestle S.A.
Heartbest SAPI de CV
Grupo Lala S.A.B. de C.V.
Grupo Industrial Cuadritos Biotek, S.A. de C.V.
Flora Food Group B.V.
Danone S.A.