Mexico Cheese Market Research Report, 2027

Mexico Cheese Market Research Report, 2027

Actual Market Research 30-11-2022 58 Pages Figures : 6 Tables : 19 Region : North America Country : Mexico Category : Food & Beverages Food

The Mexican food market has been growing significantly because of its variety of flavours and freshness. The cheeses in Mexico are also available in multiple flavours, and instead of ageing them, it is mainly served fresh. This rising popularity of Mexican food can open many development opportunities for the market. As cheese has increasingly become prevalent as a part of healthy, protein-rich food, the demand for natural and assorted cheeses with bold flavours will keep rising. Natural cheese is witnessing an increase in demand as cheese is gaining attention as a healthy food. Some of the most in-demand types of cheese include fresco, doble crema, and crema. Cheese, as a protein-packed product and a healthy snack alternative to processed foods, is gaining massive popularity in the food and snacking markets. This, in turn, is significantly helping the market's development. The fast-food chains are further increasing the use of cheese, despite being the largest consumers of cheese in the market. The rapidly expanding fast-food market is to blame for the increase in utilization. This is one of the major drivers for the growth of the cheese market, promoting new manufacturers' and distributors' businesses and boosting the Mexican cheese market. According to the report, "Mexico Cheese Market Research Report, 2027," published by Actual Market Research, the market is anticipated to add USD 1.78 Billion by 2027. The increased spending power of consumers in developed economies is also expected to boost cheese sales. Furthermore, changing food preferences and an increasing number of working women are expected to fuel expansion potential in the Cheese market. Furthermore, increased consumption of pizza and other European-style fast foods appears to be one of the main trends, particularly among young people, to expand sales potential for cheese. The increasing demand for various product flavors in local cuisines drives the Mexico cheese industry. Aside from that, rising consumption of authentic regional cheese in the region is fueling market expansion. Furthermore, the rising premiumization of cheese by several regional brands is supporting market expansion. The Mexican cheese demand is increasing due to it being served fresh. Fresco is also known as Queso Fresco, which, in English, translates to 'fresh cheese'. It is a type of white cheese traditionally made from cow's milk. It is a staple in Mexican cuisine and can be used in a variety of dishes. The versatility gives multiple opportunities for market expansion. Panela, also known as Queso Panela in Mexican, resembles cottage cheese and is made of pasteurised and skimmed milk. It is gaining popularity owing to its versatile nature. It can be used in salads, in a sandwich as filling, or can be eaten itself as it does not melt when heated. Panela is garnering attention as a home-cooking ingredient, which can aid the Mexico cheese market development. The Manchego cheese is made from manchego sheep’s milk. The milk used for making the cheese is raw and unpasteurised. The fresh cheese is aged for just two weeks, while another variant can be matured for over a year. Oaxaca originates from Mexico; while it is like mozzarella, it is made of cow's milk instead of water buffalo's milk. 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, Mondel?z International, Inc., Danone S.A., Grupo Lactalis and others. The market has several distribution channels, including convenience stores, online, supermarkets and hypermarkets, and specialty stores, among others. Among these, convenience stores hold a substantial share in the market. Regions in the market include The Bajío, Northern Mexico, Central Mexico, Baja California, Pacific Coast, and Yucatan Peninsula. The Mexico cheese market is growing at a rapid rate as the global demand for the various cheese types and Mexican cuisine keeps increasing. Baja California has started increasing its cheese production and the increase in output has added to the regional market volume. In addition to this, the region has also increased their cattle milk production to boost income. The population of Mexico was 130.262 Million. There are 63.72 million males and 66.54 million females in Mexico. The percentage of female population is 51.08% compare to 48.92% male population. Mexico has 2.81 million more females than males. The GDP of Mexico was USD 1.29 Trillion in 2021. The Animal segment is expected to grow significantly as the cheese made from cow's milk is nutrient-rich and readily available. This has made the cheese very affordable leading to wide usage of the cheese, which can help enhance the market size. The goat milk is driven by its versatile applications in various food products and its rising demand as fresh cheese for cooking. Covid-19 Impact: During the COVID-19 pandemic outbreak, the business was severely disrupted due to changing demand. The worldwide lockdowns prompted the foodservice industry to close, cutting demand for all processed food goods dramatically. Furthermore, costs are likely to reduce as high-quality products become less desirable. In contrast, increased adoption of low-cost varieties at wholesale prices from retail shops for home cooking is expected to balance the supply chain. Following the pandemic, the Cheese market is likely to benefit from the re-establishment of the foodservice sector and renewed cheese processing capacity. Considered in this report • Geography: Mexico • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Mexico Cheese market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Mozzarella • Cheddar • Feta • Parmesan • Roquefort • Others By Source • Animals • Plants By Type • Natural • Processed By Distribution Channel • Supermarkets/Hypermarkets • Convenience Stores • Specialty Stores • Online retail • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cheese industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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