Mexico Frozen Food Market Size & Outlook, 2023-2030
Mexico frozen food market, 2018-2030 (US$M)
Related Markets
Mexico frozen food market highlights
- The Mexico frozen food market generated a revenue of USD 11,314.0 million in 2023 and is expected to reach USD 15,278.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, frozen desserts was the largest revenue generating product in 2023.
- Fruits & Vegetables is the most lucrative product segment registering the fastest growth during the forecast period.
Frozen food market data book summary
| Market revenue in 2023 | USD 11,314.0 million |
| Market revenue in 2030 | USD 15,278.3 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Frozen desserts |
| Fastest growing segment | Fruits & Vegetables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits & Vegetables, Potatoes, Ready Meals, Meat, Fish/Seafood, Frozen Desserts, Bakery Products |
| Key market players worldwide | Nestle SA, Unilever PLC ADR, General Mills Inc, Nomad Foods Ltd, Tyson Foods Inc Class A, Conagra Brands Inc, Wawona Frozen Foods, Bellisio Foods, Kellogg's, Kraft Foods Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.4% of the global frozen food market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. frozen food market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 14,080.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico frozen food 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 frozen food market will help companies and investors design strategic landscapes.
Frozen desserts was the largest segment with a revenue share of 22.19% in 2023. Horizon Databook has segmented the Mexico frozen food market based on fruits & vegetables, potatoes, ready meals, meat, fish/seafood, frozen desserts, bakery products covering the revenue growth of each sub-segment from 2018 to 2030.
The frozen food market in Mexico is witnessing increased sales of products like frozen taquitos, frozen burritos, and frozen Mexican dinner entrees. Consumers in Mexico are increasingly looking to save time by opting for pre-made, frozen Mexican food items rather than preparing these dishes from scratch. The convenience of ready-to-heat frozen meals appeals to many busy households.
Alongside the demand for convenience, Mexican consumers are also seeking out frozen food products that cater to specific health needs and preferences. This has led to the development of frozen meals with a focus on nutritional value. To meet evolving consumer demands, the frozen Mexican food segment is diversifying to include more niche and plant-based product offerings.
This allows manufacturers to provide frozen meal options that cater to specialized dietary requirements and lifestyle choices. In November 2022, MingsBings, a popular American plant-based frozen food brand, launched in the country, marking its first international expansion.
Reasons to subscribe to Mexico frozen food market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Mexico frozen food market databook
-
Our clientele includes a mix of frozen food 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 frozen food market , including forecasts for subscribers. This country databook contains high-level insights into Mexico frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico frozen food market size, by product, 2018-2030 (US$M)
Mexico Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
