Mexico Flavors Market Size & Outlook, 2022-2030

The flavors market in Mexico is expected to reach a projected revenue of US$ 954.8 million by 2030. A compound annual growth rate of 4.5% is expected of Mexico flavors market from 2023 to 2030.
Revenue, 2022 (US$M)
$671.7
Forecast, 2030 (US$M)
$954.8
CAGR, 2023 - 2030
4.5%
Report Coverage
Mexico

Mexico flavors market highlights

  • The Mexico flavors market generated a revenue of USD 671.7 million in 2022 and is expected to reach USD 954.8 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
  • In terms of segment, food was the largest revenue generating application in 2022.
  • Beverages is the most lucrative application segment registering the fastest growth during the forecast period.


Flavors market data book summary

Market revenue in 2022USD 671.7 million
Market revenue in 2030USD 954.8 million
Growth rate4.5% (CAGR from 2022 to 2030)
Largest segmentFood
Fastest growing segmentBeverages
Historical data2017 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFood, Beverages, Others (Tobacco products, pharmaceuticals, etc.)
Key market players worldwideGivaudan SA, DSM, Symrise AG, Sensient Technologies Corp, International Flavors & Fragrances Inc, Takasago International Corp, Kerry Group PLC Class A, MANE, Robertet SA, Huabao Flavours & Fragrances


Other key industry trends

  • In terms of revenue, Mexico accounted for 3.7% of the global flavors market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. flavors market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 5,240.4 million by 2030.

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Flavors Market Companies

Name Profile # Employees HQ Website

Mexico flavors market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flavors market will help companies and investors design strategic landscapes.


Food was the largest segment with a revenue share of 64.67% in 2022. Horizon Databook has segmented the Mexico flavors market based on food, beverages, others (tobacco products, pharmaceuticals, etc.) covering the revenue growth of each sub-segment from 2017 to 2030.


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Target buyers of Mexico flavors market databook

  • Our clientele includes a mix of flavors market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Mexico flavors market , including forecasts for subscribers. This country databook contains high-level insights into Mexico flavors market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico flavors market size, by application, 2017-2030 (US$M)

Mexico Flavors Market Outlook Share, 2022 & 2030 (US$M)

Mexico flavors market size, by application, 2017-2030 (US$M)

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